Jeez there looks like there is a strong correlation @xaero1
Looks like when there is red for the first time you can cash out if you want since it persists for a while then it flips to green then keeps alternating.
If this keeps going on you could probably manipulate the markets and earn some money if you know that it keeps alternating and there is no spontaneous events.
However, the crypto markets are unpredictable sometimes so let's see if this trend persists
Thanks a lot for your analysis and graph
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The funny thing is whenever I think something's a dead cert, I will often lose money ;). But yeah, I'd say it looks like there a nice correlation, but perhaps that only worked well in the past when bitcoin was relatively stable. That's why I'm a bit dubious about using the STEEM/BTC chart, right now, given BTC's crazy spike in the last week. But I'm still interested to be see how the charts have panned out in a couple of weeks time :D