STEEMBTC 4HR ANALYSIS (POLONIEX)
Steem continues to plunge as sell off continues, currently it is once more headed down after breaking to the downside from the previous sideways structure, the next lag down when volume picks up should see price quickly moving below 0.00065245.
It is unlikely that we can see any moves above or even towards
0.00096571 area which would have provided a short term pause to the plunging prices and allow for some slight recovery.
Key Levels:
Support: 0.00065245
Resistance: 0.00091705
SBDBTC 4HR ANALYSIS (POLONIEX)
The steem dollar is in an uptrend and is once again expected to trend up slowly along this channel, any downside is expected to be held around the bottom trend line 0.00142967.
Key Levels:
Support: 0.00142967
Resistance: 0.00157404
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment or trading advice. The author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be held liable for any loss incurred.
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Does the internal market mirror the externals closely?
yes basically it's the same behavior both internally and externally.
Ok, thanks. I was just wondering if I was losing much by converting sbd to steem on the internal market.
i think this is a fear for most people
Thank you @fuzzyvest!!