SBD is definitly taking its time in the waiting phase. With so many people being bullish on SBD (including me), I think there is a need for a little panic in this market. This is why I now favor an expanded flat correction like this:
But there is still a possibility for a triangle correction like this:
Both types are equally bullish, but the expanded flat correction has a much lower starting point for the next impulse wave. This means, that if it turns out to be the expanded flat, the target of this next impulse will be approx. 8$ lower than in the triangle version...
In my opinion SBD is a sleeping giant, and when it wakes up it will improve the lives of many people. 30$/SBD is a fortune in some countries...
I'll keep you updated... Stay tuned...
.png)
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
.png)
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. 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.
If you make any trades or investments after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
Why are you bullish on SBD? At the current high prices SBD has a inflation rate of 500% per year. Therefore SBD will go back to 1 Dollar in the mid to long term. Here is how the regulation mechanism works as it is for me: https://steemit.com/steem/@sevenseals/why-the-steem-dollar-sbd-will-fall-back-to-1-us-dollar-the-self-regulation-of-the-sbd
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
STEEMIT creator Dan Larimer confirmed in an interview 5 days ago, that the regulation mechanism does not work anymore. I resteemed this interview so you can see for yourself
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In my opinion SBD price is only that high because it is a small market. But my logic says me that 500% inflation will have its effect. And if the price will go even higher the inflation rate will go higher too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It'd be nice if this can wait. Practically every crypto I love shows the exact same pattern. It's just so annoying. Why do they all have to pop together!!!
Welcome to Bull market problems.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
xD I understand your frustration. It would be nice to have a few 1000$ spare money right now. There are a few choices to be made. They will define your level of excitement in Q1 2018...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's one of the tragedies of putting all your liquid assets into crypto.
I'm going to do my very best in the next year.
Wish you a Great Merry Christmas and may your EW become your Santa and endow you MASSIVE profits !!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wish you the same! Hope you learned a lot from me and haejin, so 2018 will be the best year of our lives (financially at least).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you. I certainly learned a lot from the community. But I don't think 2018 will be the best. Whether it's a bull or a bubble, there always comes a one that's even bigger. 2018 will only be the best one yet.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sincerely I would have expected that the end of the year will make all the major cryptos sky rocket. I did know that a correction was to come but i would have only assumed it will be in the beginning of 2018. Still, I believe that the market will bounce back and until 31 December we might see some aggressive movements all over the place. So, a good opportunity would be to buy now and sell later.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
True words my friend.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i need to go bullish again, this correction should be sooner than later.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have to go bullish once more, this adjustment ought to be sooner than later.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thankyou. any updates on what path we might see?
Still hovering around $7.50
Subscribed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am still waiting for more price data to make a new update post, but I think it will go up again very soon, if 6$ on Bittrex remains unbreached. It could be the low of this correction...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks man looking forward to reading your stuff each day/update. Appreciate the reply.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
any thoughts?
Happy New Year.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for your analysis
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the analysis. The bulls are ready to break out
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great stuff @ew-and-patterns ! Thanks for sharing! You seeing sbd skyrocketing then? Greetings from Spain mate
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, I do. But we need patience. Greetings to you, too and Feliz Navidad.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Steem to the moon my Friends! I love steemit! The steemit community is a such a great and helpful community! I'm very proud and blessed to be a part of the steemit community! I'm telling everyone I know on this planet about steemit! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The cryptos, are what they are, and have their own rhythm, some managed by legions of traders bots, others by the fears and expectations of their holders. I have seen the same behavior for years, rise and fall in a capricious way. But something is sure if you have luck and enough mental strength, you can do a lot but a lot of money with them
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great job.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am hoping for it to go bullish, too!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 10.29 % upvote from @aksdwi thanks to: @ew-and-patterns.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @ew-and-patterns! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It indeed was useful. followed and up-voted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great analysis
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I’m bullish too. Thank you for your analysis!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit