Bulls and bears are still fighting. The important line @11021 has not been breached yet:
The 4 hour candles look promising for the bulls. I am hoping for a decision today, but it could also take a few more days.
Altcoins are still in red this morning.
side note: I watched the internal market yesterday and approx. 35,000 SBD were bought with STEEM. I think this might be a new record... Some big guys sold a lot of SBD. One order was for 18,000 SBD and another was 11,000 SBD. But the small guys were sucking up theese orders like it was nothing. Never seen anything like it. I am talking about swarm intelligence here. Those were fixed SBD sell orders so it was a SBD buying spree, not a selling spree.
UPDATE: I will post a new update in the morning. I suspect the panic low is going to be needed. Get ready...
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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.
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Thanks for the news on SBD. Personally I'm more bullish on SBD for the short term. I heard that SBD debt instrument is designed in a way that the debt level doesn't exceed 10% of the STEEM supply. If I'm thinking this correctly the cap on SBD supply is 10% of the total value of the STEEM market cap.
So even with higher inflation, SBD has a lot of space to grow. SMTs would end up creating more demand for STEEM for bandwidth requirements. That's the only way I see tables turning around.
As for BTC I'm still hoping for a long sideways correction for few weeks (hopefully).
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Nice !! Noted thanks!!
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Happy to help :-)
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I think we have come to the end of the downward spiral. Some stability before the upward climb again...
As for SBD, the community is becoming more and more alert to the vagaries of the market. That is why I agree with when you said:
Your post was indeed very informative and educative. Thank you.
Upvoted, followed and resteemed.
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Interesting observation on SBD. It’s looking good for the next few weeks!
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really helpful information
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Don't worry, only my general information purposes were met. I don't feel like I was advised of anything, even though I upvoted and followed.
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good information dear @ew-and-patterns
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Call me crazy but I kind of want it to drop to its new bottom so we get this over with haha. That way we will know that moving forward it will be trending upward for a good while so we don't have to keep playing this guessing game for days on end. Great check-in and chart my friend!
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Good information ..
Nb.
Upvoted and resteemed!
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Thansks dear discuss about the eyptocurrance.
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Sooner or later there will be good news. Really hoping for a sooner. Great update and thanks a lot.
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great BTC update
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Hmm this is rather interesting....especially at the current value. (In relation to the side note)
Hopefully as bitcoin goes up- the altcoin market will level out a bit too. It’s been a little crazy lately.
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good information btc
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nice, waiting for short term bull as well
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This has been one great update and good news too! Hope that btc and altcoins are gonna go up again.
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I'm still waiting for that SHS pattern to confirm, that would be cool, even if it ends E wave afterwards (not represented on this chart), check this out:
So far volumes have been corresponding to this pattern. Let's wait a couple days and see.
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Great one, Try to post this kind every week at least.
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on binance btc has been as low as 10965.
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11021 resistence has gone -now its how low will she go
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i think until 9k roughly, maybe even lower
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Very useful information @ew-and-patterns.
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