Isn't it more about the fact that the Hivers have now sold off all their Steem for Hive with the 4 week power down and so less are buying now? Those who still love Steem have longer to go on selling their Hive. I'm not into playing the markets, but predicting from patterns without taking account of external factors seems like reading tealeaves.
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STEEM and HIVE are back tracking each other’s price action. Dead even price wise now.
Seems crazy, but what would I know! :)
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I may know even less :) Will be interesting to see if one of them breaks out. Steem seems an iffy bet when Steemit have shown they will take funds away from people, but maybe people don't care about that.