Steem price is going to go much lower to armound 0.0008 - 0.0001 BTC range. Poloniex has sell/buy orders ratio as 3:1, which means that the price will drop.
RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #16 "Let's see what you got!" Aug 15, 2016
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$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #16 "Let's see what you got!" Aug 15, 2016