SBD is now inside a beautiful channel. The triangle correction seems complete and there has already been a breakout happening.
The triangle correction happened exactly as predicted a week ago. So will wave 3 arrive now? I think so, yes.
I do expect to price of SBD to rise to 30$ or even 40$ in the coming weeks. Keep an eye on this obvious channel.
Stay tuned... and let the profits flow.
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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.
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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 :-)
Still it was under 10$ only.when it starts increasing.
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Great Analysis.
You Got yourself a new follower :)
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You are @haijin are on the same wavelength. I first read this similar prediction from him a few weeks ago regarding sbd. I believe it, but I can't believe I am here for this thrill!
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You were right again! You are awesome! Thank you for your predictions! I will resteem.
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Is it better to sell the SBD now ( if to want to buy Steem for it).
Or wait until the SBD has climbed up higher?
Normally waiting would be better. But since the price of Steem is also growing. You can buy less Steem for the same dollars you earned with the SBD.
So I kind of don't know what to do right now.
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If SBD rises to 30$ and STEEM stays @ 3 you will get 10 STEEM for 1 SBD. Right now you get only 4 STEEM for 1 SBD
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Bunch of clowns investing in something that’s pegged to go to $1. Be smart and trade it for steem or power it up.
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I am ready to find out who is gonna be the clown ;-)
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Holders in the long end when it goes to $1 and steem rises. Enjoy the party for now, but it won’t last ;)
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I think your wrong. There are only 3 million which is really low. Also SMT will start and people will be crowd funding with SBD. Need to read @ned post from a year ago. SBD is a Trojan horse.
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What is your reasoning? Simply that it is pegged? There is no peg anymore obviously. SBD has a basic flaw in the way it is designed, that makes a peg impossible now. I am not gonna talk about what it is of course, because I want it to stay as is.
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The peg should be viewed as more of a safety net for the value rather than some bitUSD. I also think SBD would stay 4-5 times higher than STEEM. Unless I think I could time the market (almost impossible) I feel safer keeping my SBD instead of converting to STEEM as you mentioned in your STEEM post.
But I don't keep around pre-conceived strategies. So I might actually end up getting STEEM. Time will tell.
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Who says that I'm buying SBD? I'm merely picking the best selling point to cash out my rewards.
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If SBD hits $30 by the end of the year, I will be doing cartwheels on my street.
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Very nice
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