Hello steemers,
the spread STEEM-BTC is still in a bearish trend. On the previous post we proposed a long strategy, but it didn't work.
The market is not ready to a reversal. Just to understand... Look at the ribbon on the next chart...
As you can see the yellow line (moving average) didn't cross the other lines. It's the first confirm that nothing has changed.
We think that the best strategy is to be flat. No spec position for next days...
Best