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RE: I WAS RIGHT ABOUT STEEM BUT WRONG ABOUT BITCOIN!
The Steem charts are not saying that but heh, everyone has an opinion about the price. I speculate Steem will do well when Bitcoin cools. Bitcoin is still looking bullish for the time being.
I'm looking at STEEM/BTC and I think the chart is pretty self-telling! How much will it dip again depends on what happens with Bitcoin. If Bitcoin rallies to let's say 10K USD, STEEM will probably dip to approximately $1 maximum.
Also, if you look at the orders, you'll see that most buy orders are placed below $1.30 so there's very little liquidity at the current price. You can see more sellers at this price than buyers. It only takes one quite average seller to lose patience for the price to drop 20 cents and that will trigger the other sellers which can easily drag the price down below $1.20 again...