RE: STEEM: Fractal Analysis & Pattern Say Serious Breakout Potential is at Hand

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phgnomo (64)in #steem • 7 years ago

What you are saying still make no Sense, and reality dont bend to fit what you want.

You are still buying steem with BTC. So the steem/usd still derive from BTC/usd pair.

You cant accurately evaluate the usd price of something If this something is not directly traded for usd.

Any price movements that happen on steem/usd is heavily affected by the price of BTC/usd.

The price increase because the BTC price increased. Check the graph below from Tradingview that show the % price change from these 3 pair:

Since It started Trading on bittrex, steem Lost 64% of its price, while Bitcoin increased 2300% of the price.

Now Tell me, what made the steem/usd price rise? If you didnt Saw It yet i Will Tell you: BTC is what drive steem/usd price up.

All movements of steem/usd price ia a reflectir of BTC/usd graph.

7 years ago in #steem by phgnomo (64)

$0.00