SUMMARY
Will Steem Dollar (SBD) price overtake Steem? Given the scarcity of SBD compared to Steem; I believe SBD is likely to again realize an asymmetrical gain over Steem. Last time SBD: Steem was as high as 6:1; and perhaps in the next rally, that ratio could go as high as 9:1. So, perhaps not being in a rush to convert SBD to Steem could provide a sizable upside advantage.
SBD, like Steem, has broke out of the upper blue resistance line and the MACD which had been moving within a pair of contracting trenlines also breached upward. Can price generate a lower low here? Yes and likely, MACD might even generat yet another higher low. This would be a continued positive divergence.
The short term shows an ABC corrective potential, looking more like a zigzag (5,3,5) sequence. The blue 1,2,3,4,5 outline a price pathway towards C.
This minor correction needs to first complete before resuming the original trend. Here is an alternate calling for a wxyxz complex sequence; not too different from the ABC zigzag. Once correction completes, price is likely to generate higher highs. A second round of a five wave impulse up would be a solid confirmation of a trend reversal.
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!!
--
--
Nice analysis, helps a lot
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So I guess it would be a good choice to keep both asset so you don’t loss out Incase any of them gets to perform better
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am Buying more STEEM @ $1
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why does anyone buy SBD?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Woo hoo, time to horde my sbd!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Has the bull run started
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
could please write an update on Steem?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Price continues to base, but is making higher lows, so breakout to the upside is possible, but need to see a close above $2.00.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
prices has broke down the triangle so now it maybe the time for it to go up.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bring it on. I’d love to power up on a ratio like that!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin Please analyze Recovery Right Token (RRT) bitfinex!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Silent But Deadly...See at least $20.00 per SBD in the future...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That would be a gold mine for people with these asset
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very interesting, @haejin! I hadn't considered SBD, and it's potential to overtake STEEM. Thank you for your continued dedication, I really enjoy reading all of your posts. I wish you massive profits!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
when moon :p xD
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for share sir.
every steemer needed to known this information. thanks again for share.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
how shall i know/check my SBD earn? im kinda newbie on this.. any guides please?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Need to know this information for each steemit.i have more information Good luck..
Thanks again for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There's so so much speculation about this, I foresee sbd soaring but slowly at first. Right now, steem is growing faster.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow I do hope it will improve
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit