The chart above clearly shows that Steem Price is going down in dollar terms.
But When we see it in terms of BTC then the decline is not that sharp. In fact price volume trend as well as MFI show it is still in accumulation mode.
So today's drop could be just an attempt by some traders to rebalance their portfolio wrt BTC.
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Great post!
Thanks for tasting the eden!
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Sneaky Ninja Attack! You have just been defended with a 3.80% upvote!
I was summoned by @prameshtyagi. I have done their bidding and now I will vanish...
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You got a 2.16% upvote from @upme thanks to @prameshtyagi! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
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This post has received a 2.73 % upvote from @booster thanks to: @prameshtyagi.
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Thanks for the info @prameshtyagi!
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