1 SBD = ₿10,000 Satoshi -- Is it really the right time to sell now?
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(Chart by TradingView)
On February 10, the Ultimate Moving Average of the price of the SBD (Steem Backed Dollar) against Bitcoin fell to near ₿11,000 Satoshi. From there, it steadily increased until recently, then declined.
Meanwhile, the SuperTrend indicator has moved to a sell position from about March 6 to the present and was previously in a buy position.
The Squeeze Momentum indicator then entered a bearish position with relatively low volatility after March 6.
Will the SBD price trend against bitcoin reverse? And is it really the right time to sell now?
Let's continue to monitor the price action of this SBD against Bitcoin.
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