You are viewing a single comment's thread from:
RE: Steem Price Analysis STEEM/BTC More Consolidation for Steem
Isn't it better to forecast in terms of steem/usd to have a more stable currency to compare it to? Because if you were more bullish on bitcoin than steem (despite being bullish on both) you may want to limit exposure
Hey @daut44 , what's up brotha? The STEEMBTC market has more volume and liquidity than the STEEMUSD pair so that is why I trade and chart the STEEMBTC vs. STEEMUSD pair. I do the same with ETH and ETC too. Liquidity is a huge issue in these thin markets so I prefer to trade in the markets with the most liquidity, that way I minimize slippage when getting in and out of trades and the stop hunts aren't as brutal.