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RE: STEEM and SBD break north on SOLID volume,

in #steem7 years ago

Yeah, from the chart perspective it all looks like a solid breakout - but unfortunately charts don't have any meaning in crypto and when BTC is going down, Steem will follow, doesn't matter what the chart says. This is actually what is happening as we speak.

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What a load of tripe. ICYMI both of these pairs outperformed BTC on Tuesday, as did a lot of other small-mid cap alts. Correlations wax and wane and alts often do better when BTC is only drifting higher or going sideways. If trading was as simple as you suggest, everyone would be rich. Charts tell all.