SBD Update - Maybe Don't Sell If You Haven't Yet! Overnight TA + Chart Hopefully Bottoming.

An actual lemming. Where's the green hair?

This is just a quick note to follow-up on my recent post on finding a time to sell SBD.

When I began composing that post, SBD was at about 49000 Satoshis. Then, it took a prodigious dump just before I posted:

The Lemmings pitched in for an artist's rendition.

Bitcoin, and particularly the alt market (which crashed twice as much), also had a rough couple of evenings:

Anyway, if you decided to sell your SBD now, you'd be getting roughly 20% less Bitcoin for it, and that Bitcoin is worth roughly 10% less than it was yesterday.

My hope is that after a fairly sharp dump like this, we are going to see some recovery in SBD.

With any luck, the orange line of minor support will be retaken soon.

Update: Current price is showing some weakness:

For a larger technical view, we'll have to thank @Daudimitch (you should go check out and vote for his blog!) for the following chart.

SBD is compressing into a triangle (as seen by the two black trend-lines) which will force it to make a decision soon - up or down. As we are near the bottom of the wedge, price is expected to generally move back towards the top (50k-52k Satoshi). However, the price is compressed into the end of the wedge so a decisive break up or down is likely soon.

NOTE THAT ALL PREVIOUS WARNINGS ABOUT POSSIBLE RE-PEGGING APPLY. However, the technical picture looks substantially better than it did a day ago, so I can no longer recommend aggressively selling SBD. This is now a judgment call. Do your own due diligence. I am holding temporarily.

Best of luck with your trades.

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