SBD update 06.01.18 - triangle completed
SBD is ready to explode again. The triangle is finally completed. I am expecting a sudden rise in buying volume any minute now (on Bittrex). This should be interesting.
Actually I predicted a bullish wick below the triangle in my last post and as you can see, that is exactly what happened.
All attempts by the witnesses to get SBD back down to a Dollar (they changed the payout rate from 50/50 to 85/15 to increase inflation) have failed miserably!
Instead they pay us even more SBD so we earn more in the short term. NICE!
Please go on dear witnesses... Change it to 95/5 if you want, but you will seem even more desperate. There is no way to beat the price formation mechanism of a market once wave 1 and 2 are done. On the short run, SBD will likely rise anyways and ignore inflation...
If it happens, I will post more frequent updates on the waves up. My gut feeling tells me, that this is gonna be amazing 😎... Stay tuned...
UPDATE: YEEEEESSSS!!!!! BINGO!!!
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Today I want to give back a little, because you guys made it possible for me to write theese blogs.
Feel free to post your best blog in the comment section, that you have written in the last 5 days (BUT ONLY UNDER THIS BLOG, DO NOT POST YOUR LINKS UNDER ANY OTHER OF MY BLOGS!). (I will not flag it, if it is posted under this blog)
IF I like your Post (it can be anything) I will reward it with an upvote ranging from 30 cents to 3$ (which is actually worth a lot more than that, because SBD trades @ 8$ each)
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If you think this to be useful information:
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.
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. 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 (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: 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 own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
I am finding it hard to power up with all this juicy SBD out there :). Hope you find my post interesting.
https://steemit.com/crypto/@bssman/why-is-cryptocurrency-so-volatile
I'm a newbie here in Steemit and still get confused between SBD and Steem Power. Now your post is saying our rewards is not 50/50 but 85/15 because of witnesses. Whew, maybe better to leave these things to you and your sort and just blog and comment. I'm following you so I will know when to jump ship on your say so.
My best blog so far is:https://steemit.com/health/@gems.and.cookies/how-i-stopped-smoking-a-personal-account
If you are a smoker or have friends who smoke and they want to quit maybe my blog can help.
Thanks for this post which I think is an encouraging one in terms of cashing out our rewards. Happy New Year.
Hey, at what price will SBD stop it's growth that week do you think?
P.S. Every week I make a compilation of contests and challenges on Steemit. Here is the post for the current week.
Very good chart @ew-and-patterns. When i woke up this morning, i actually saw that SBD will blow soon flowing my chart. Glad to know is not just me reading the charts wrongly. It will be awesome to see it blow so much.
Actually noticed the 50/50 change to 85/15. Was wondering why is that, now i understand.
Here is a link to my blog. I hope you will like it and is worth an upvote from you.
https://steemit.com/popcontest/@ceepee/the-positive-power-of-giving-give-and-experience-that-positive-energy.
Following you right away, am a trader and need this update to do well in trading. Your blog is very useful to me. Thanks.
Thank you @ew-and-patterns. I got your upvote.
It's funny how SBD was supposed to be pegged to the usd, but now it's turned in to it's own altcoin lol I find it strange that people pay more for sbd than Steem? Steem has more real value because it can be used as steem power giving a more valuable upvote.
I think one of the things the traders love about the SBD is that it is in very small supply, and there are not many people with loads of them laying around. It takes takes a long time to create new SBD, since they are only made by authors.
However, Steem has a lot more value to those of use who actually uses the Steem blockchain to interact with each other :)
I am on it and hope it goes back to 0.00070000 BTC or more thanks for the info :)
Have a nice day too!
The rise in SBD has helped me get out of debt and rent a nice apartment. Also, got few money to put into other cryptos and interesting blockchain projects. Generally I don't think it's a bad thing, we should leave it to correct according to market conditions.
And my latest post is
https://steemit.com/poetry/@bania/letter-to-bania-20-you-can-t-die-twice-live-life-right
I didn't know the witnesses were trying to create inflation. I was from the very beginning 100% opposed to doing anything regarding SBD. These witnesses need to learn some free market economics. After the SMTs come and bandwidth is needed, people would start valuing STEEM more than SBD. The market will take care of itself.
Nice to see your predictions being dead accurate. Have you checked Monaco. I've been HODLing it for some time and it seems like it's always channeling for eternity.
As for a post try this one: https://steemit.com/blog/@vimukthi/10-questions-to-make-your-brain-hurt-challenge-2-drag-your-friends-in-and-present-the-most-awesome-answers
Thank you for pointing me to monaco! I instantly bought more and will make an update post about it in the next hour.
Your comment almost made me feel ok about my long HODL fillied with Cup&Handles iSHS and Triangles. MCO is the coin that has given me the best first impressions ever and I won't be surprised if it hit $50 before the end of the month. The fundamentals are rock solid. TenX is going for EU but MCO is focusing more on SEA which is more crypto friendly and has larger population.
Steem breached the lower resistance in the first chart therefore isn’t it a bearish pattern?
This is not STEEM but SBD. No it is a bullish pattern. Other TAs call it fakeout or fake breakout.
You haven't said the best part. If you go longer term, it looks like it's gonna be a wave 3 of a wave3.
Yes that is still possible, but right now people will call you nuts, if you proclaim 70$ SBD. Lets reach 30-40$ first, then we can talk about the bigger picture.