Finally someone that uses price action and provides 'what if scenarios'. You've also accurately painted a picture of the context rather than just pick out a familiar looking pattern and using that as some kind of signal. We have very similar charting styles. I'm a big fan of horizontal lines and no indicators.
A couple of other things to take into account would be the buying and selling pressure due to arbitrage opportunities in the Steem Dollar and the implications of the removal of the liquidity rewards in the internal market.
Thanks for your analysis.
Thanks, indeed, I prefer doig what if scenarios and staying on the neutral in the post, show people the whole picture and letting them decide for themselves with hopefuly a better understanding after reading my post :)
The way it should be done, in my opinion, thanks @ozmaster ! Looking forward to it.
no problem at all :) I think everyone should know a bit of TA cos it helps understand the overall markets aswell on a large time scale