If SBD is able to do a second bullish retest of the downtrend line and bounces off again, I will buy some more SBD on Bittrex to HODL until 30$.
A second retest whitin an ABC correction is a very bullish setup if it happens. This could could be what I have been waiting for since the alltime-high of SBD @ 18.73$ in december. Two months later this might be the next bullsetup.
Green wave 1 and 2 equals the yellow wave 1 and 2 in the first pic.
Let's hope for the best... stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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Have a nice day :-)
Have you read any of the proposals for fixing the broken SBD peg @ew-and-patterns? Could have a drastic effect on your analyses.
Yes, I know. But I strongly believe, that news will arrive to justify the count. Besides they can't control what happens on exchanges. Every exchange is basically an entire ecosystem outside of the reach of STEEMIT core.
Yo, @ew-and-patterns, because of your inspiration, I have penned a response to your most humble request for further analysis as to our current position within the Elliott Wave structures insofar as BTC is concerned. You can find my response to your inquiry here: >>
https://steemit.com/btc/@passion-ground/a-pathway-to-usd66-000-btc-by-july-of-2018-for-my-friend-ew-and-patterns
I very much look forward to both your response, as well as to the response of your most obviously awesome audience!
I do hope that you find my response in full accordance with your high standards. All the best, my friend... Cheers!
Nice work upvoted! SBD at $30 would be a dream!! and make rewards insane
This would be fantastic! Staying keyed in to this one for sure. thanks @ew-and-patterns.
I even converted the bits of STEEM I had into SBD. The witnesses are fighting an unwinnable battle. People tried so hard to bring down BCH and I made my first trade withbetting on BCH with everything I had and tripled my money and that was my first trade.
What people tend to miss is that STEEM is mainly just used for powering up exclusively. Any bot/service (except for account creation services) that accept STEEM accept SBD and there are many services that doesn't even accept SBD.
SBD has no power but it has utility.
WHAT DO YOU MEAN BY UNWINNABLE BATTLE !? CAN YOU EXPLAIN SOME OF THIS TO ME PLEASE!
You can't win a fight against a market. There was a pump. There is utility and there is very low supply. All bid bots accept SBD and same goes for resteem bots and other services. STEEM isn't widely used except for buying delegations and powering up (and trading). SBD is a more functional coin in the platform and market demands more SBD and many people love the idea of high SBD value and has a bias towards maintaining that. SBD has too much upward pressure for the short (or even mid) term.
Wow understood 🙏🏻
Can be I translate to Indonesia leanguages.,,
No, I am sorry. I already have 2 Indonesian guys translating for me. No need for a third one.
Good imformation for us
Wesh you all the best
Follow my account @akhyar12
I'm crossing my fingers that we see a new bullish run soon! I've got about 200SBD ready for this ;)