Now that SBD made a new low, there is only one last bullish alternate left. I am turning bearish on SBD, at least until BTC is done with the dropping.

Yesterdays count was invalidated today, and the only bullish alternate is the abcde triangle. But, we need a bullish wick and a lot more volume for that today, or tomorrow...

I doubt that SBD will show strength, because the volume is very low right now. I think this is whats going to happen:

I think we will need a panic low as we did with STEEM. People need to think that it is going back down to one dollar...

In fact @ 2.4 $ value I will buy a shitton of SBD.

This count will only be invalidated @ 71 cents for one SBD. Do you think that this is ever gonna happen?

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.

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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.
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