🐒 I have overlaid the BITCOIN / STEEM price on the same chart to see how they have moved in price comparison over time since September 10 , 2017 to today.
🐒 ( ALL PRICES RECORDED AT 7AM EST ) therefore there is no daily highs or lows just the price at 7AM EST
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Below comparison chart
BLUE LINE : BITCOIN price
GREEN LINE : STEEM price
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Notice when Green line (Steem price) goes above Blue line (Bitcoin price) on the overlay chart the Steem price soon falls
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🐒 The STEEM price does not go above BITCOIN price in actual price , but does cross above it on this chart because of the way the chart is laid out with the BITCOIN price legend on the left and STEEM price legend on the right.
🐒 When looking at this chart one would be looking to exit his long STEEM position and going to cash and not into Bitcoin because Bitcoin also falls when this occurs , the Green line Crosses above the Blue line .
🐒 I will be watching this because odds are this will happen again sometime in the future .
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DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
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