Well... here we are with a very similar question to last week's question.... with Bitcoin pumping (and likely falling back a bit in the next couple of days) and Steem doing it's best impression of a stable-coin... it means that the price of Steem relative to Bitcoin is falling and falling hard!

The chart from above is only the last couple of weeks... the chart from much further back is pretty horrible to see!

So, this week... the Steem question is an upside or downside question. Will the Steem price relative to Bitcoin hit a roughly 13% upside or downside threshold first. Well, I'm a touch optimistic about this. Bitcoin is due for a re-tracement as smart traders take in profits, and Steem has been falling for such a long time.. that hopefully a combination of these two reversals could lead to at least a temporary spike. However, it is hard to say what is wishful thinking....

So this week... I'll still be betting on the topside threshold... again, I have some points to burn in the Cindicator rankings after a big rush out of the gates at the beginning of the month, so I can afford to have some wishful thinking... but this time, I do think that if Bitcoin falls back a bit, then Steem does have a chance of hitting that topside threshold.

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