High Impact Conversion Trade Alert: SBD to STEEM

SUMMARY

The below chart of STEEM is current but the labels were made over a week ago in a prior post. The fractal analysis still stands and is currently being executed by STEEM price. The haters say that my lines are like Kindergarten squigles; but they are not. I assure you first, the haters are uninformed and second, custom Fib levels and Elliott Wave projections are all taken into consideration when drawing the arrow lines. For STEEM, the $5.48 target still stands. That will deliver a 113% PROFIT from time of my projection!!

Note that there are greater than 254 Million STEEM coins in circulation, currently. This compared to only 12.3 Mil coins of Steem Dollar (SBD). That's a ratio of 20:1 and to me, that's amazing! When bullish sentiment becomes unbridled and I believe it will; which coin do you think will have more of an upside? The one with the greater float; in this case STEEM or the one with far less in circulation; that being Steem Dollar (SBD)?

Here is SBD chart....the volume is going down to a trickle; clearly a poignant volume confirmation for the ascending right triangle pattern.

The VOLUME is about to EXPLODE for SBD!!! When VOLUME EXPLODES on SBD; the proportional price rise potential could be 10x that of STEEM! In other words, for SBD, the $5.59 target of the ascending right triangle could be nothing! I believe there is probable potential for SBD to STEEM prices to become asymetrically tilted to 6:1 or perhaps 12:1; that means 1 SBD has a potential of delivering 6 or 12 STEEM!

It's important for you to know your risk management and tolerance level! For you beginners who have zero background on Technical Analysis, please don't peg this projection to an overnight result expectation. That's not the projection. The timeframe is weeks at the very least. It could be earlier; but weeks. Should one convert ALL their STEEM to SBD for this? That's not what this alert's recommending.

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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--