JS Index is designed to make your trading decision regarding Steem a walk in the park. Click on the link for more info what it is.
Today is the first update date, after I presented the JS Index yesterday. I intend to do the daily update somewhat earlier in the day. But today ‘the secret ingredient’ of the index saw one of its bigger changes, so I spent some time figuring out the potential causes. Anyway up till now ‘that secret part’ has very little effect on the final index anyway. That part is expected to play more significant role in the future as the inflation of Steem goes down.
JS Index for 08/31/2016:
546.29
Steem price: 0.001628 btc/Steem or about $0.93
The chart above is for the period 07/26-08/31 of the JS Index and the price of Steem.
My Thoughts for today.
Those are just thoughts of mine. Do not take them as trading advice because they are not!!!
The JS Index saw another day of decline, and not insignificant one at that. Any Steem price rises in the upcoming days are expected to be short lived pumps, and the price is expected to continue to fall. I am holding my buying for later on. I need to see several days of the index improving before I start to buy and power up. For now continuing powering down and selling what comes up as a result every 7 days.