STEEM Dollar (SBD): MACD Tunneling Under Extremely High Pressure!!

in #sbd6 years ago

SUMMARY

For Steem Dollar (SBD), the MACD indicator is tunneling through the narrowest crevice of the symmetrical triangle pattern. People, this kind of situation usually does not last too long because the pressure of it is not sustainable (red circle). Also, the overall countours of the price bars is putting a fine looking rounded price formation (white arrow).

Now, the white rounded price pattern is basically within the larger rounded formation (blue). While my hand drawn line is not as steady as a mechanically traced outline, it does follow the projected five wave impulse to a likely all time new highs. I believe there is also a strong probability of an inversion opportunity.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Elliott Wave Counting Tutorial #1
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Let’s start a flagging war.

On December 17th, when it was around $11, haejin told us it was "Readying to EXPLODE!!". Today, it's currently at $3.05. Tell me again why we should listen to him?

On December 17th, when it was around $11, you told us it was "Readying to EXPLODE!!". Today, it's currently at $3.05. Tell me again why we should listen to you?

FIRST! thanks @haejin i loaded up on this bad boy SBD

This haejin post has been downvoted, it is a @flagtarget.

READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.

They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.

Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.

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I agree on the MACD, seems to be forming a wedge and I think we'll see a big jump up at the end of the squeeze. However we're looking more like a nice cup and handle forming. I think it's waaaaay too early to be calling this the beginning of an Elliott Wave impulse up.

Great analysis, thanks for sharing. I've smashed the upvote button for you!

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Thanks for the info. I'm still learning crypto and Steemit. This is very helpful.

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
EOSEOS19.011$13.98%26.2%
QAUQuantum0.159$-0.76%6.13%
SBDSteem Dollars3.224$2.31%-6.56%
STEEMSteem3.867$4.51%10.91%
WAVESWaves6.740$4.37%17.32%

Thank you. I believe that a grand vision will come true.

Awesome have upvoted and resteemed :))) thank u @haejin

Buen post , interesante ,saludos.

hehe i think it will go down again :D

i don't know he is 100% fake and scams or not, but he already has the biggest Vote Power and Ranking.

I think SBD will be worth more than STEEM due to the coin circulation...

thanks @haejin. i agree your opinion~ let's go steem bros.

thanks lost of work in that post

thank you very mach

Excellent jog as usual! Would you please do a TA on GE General Electric? Thank you!!!!!!!!!!!!!!!!!!

Hello Haejin can you please do your amazing analysis on DCN. Thank you in advance :-)

Hello Haejin,

Could you please provide an update on Tron? I'm thinking it's getting ready to break a large bull pennant and go for wave 5. Is my chart possible? wave 3 is not the shortest, but close to wave one. I'm not sure to target either 1250 sats, 1500 or something else.

Tron Possibility.png

Your get flag.. @haejin

Thanks for your information! It's very helpful

Jajajajaja, so funny.
D.

why are you gay? you want to see him so bad? we hear him i can tell you he is a matured Asian gentleman who doesn't want reveal his personal info to trolls like you. AND there is absolutely nothing wrong with that. Take your lil jealous ass some where else. we don't want your wack comments here.

Thank you for flagging me, I now have more reason to join @berniesanders in bringing you down next week.

Yes dear @haejin is my bad man actually my all comment flag me ..
Don,t problem I always hate @haejin...