I encourage you to watch @dan-atstarlite 's video on his theory of why SBD has made such a large move up to a high of $13-$14 recently. Video here: https://steemit.com/vlog/@dan-atstarlite/the-steem-dollar-mystery-the-tether-hack-and-traders-buying-breakouts
So if his theory about traders moving into SBD as way to trade off technicals, then we actually may see SBD make a move higher. This scenario may play out if it confirms support around the $8-$9 level. This movement may dis/confirm the ascending triangle SBD appears to be producing.
Keep your eye on SBD over the next 10-14 days and we'll see how this plays out.
thanks for the good info @unlockrs
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Let's see how it goes I just hope it goes up
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Thanks. I still think bidding up SBD is madness. Appreciate the video link, I think he might be onto a reasonable explanation why. If he's right it's just another example of the mistake of trading technicals at the expense of fundamentals which is something I wrote about a few months ago.
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