SBD update 12.12.17
This is intense. SBD is staying where it is for two days now, which is a very good sign if you want to see 34$ SBD. It has formed a triangle a,b,c,d,e correction, which is soon ready for break out, or should I say take off?
I can't wait for this to happen. What would you do if you were convinced SBD is gonna skyrocket? Would you waste your precious SBD at 12$ value? From what it looks right now, 34$ will just be a stepping stone.
My actual target is much higher now. But I am not gonna talk about that yet, before wave 3 is starting to unfold. This is gonna be toooo good to be true if I am right about this.
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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.
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. 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 responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
Looks good to me. I'm happy with $12, but $34 sounds pretty sweet.
Love your analysis. But this time I have to argue... while sbd is high and steem is low, trading sbd for steem looks like the logic investment. With SP you can generate more sbd, so you will keep enjoying the rise if it stays, but you are using the profits right now.
SBD will rise faster than STEEM and fall faster than STEEM. Of course STEEM is the better investment longterm, as it is still cheap now and 20$ STEEM will be possible in the future.
2 more powerups today then 30k SP and then sbd hodl :-)
Resteemed.
congrats!
Thanks :-)
Sell, power up, hold, can't lose doing all 3!
absolutely right, it's a great time to be a steemit blogger! :) feels like double christmas! :)
Woo Hoo! It's Christmas alright!
Good times!
For me, it's just a great discount on STEEM with my author's rewards. My target? 250,000 SP
If SBD reaches my target price in the next 6 months, I will get to 400,000 SP before you do ;P Just joking. But i think you will reach that target faster than you imagine, and your net worth could be 250,000* 10$/STEEM = 2,500,000$ in 2018/19...
It appears you are rather bullish on SBD.
Do you have any reasoning other than technical analysis? Or is your call purely technical?
My calls are always purely technical. No emotion, no fundamentals. Just TA + experience. People say that there is still the peg to 1$, but the chart tells me its gone.
I don't know crypto, but I'm an accountant and I think you are right about the peg being a only a happy memory. The market has seen the limited supply and that's that. I'm just proud to be one of the people who generates this valuable currency :)
I am so excited right now. I'm here for the alexa ranking and to post my content and links which I have been doing for 6 months. I have not made much money, but everything has been great for traffic and interest to my work and all that.
But now! Oh my goodness. I am in living in Bangkok and now this is some serious money. My rent and bills are only $300 usd per month.
The best thing that happened today was that a content-creating friend contacted me to ask what I thought of it here. She knew I disappeared from fb and saw one of my steemit posts. For the first time, I can say that all this crazy hard work is really worth it.
Wow that's some low cost of living! You will soon be able to cover that with your work here. Congrats to that.
Yes I think for every early adopter, the constant hard work and keeping at it will pay off soon. 2018 might remembered as the crypto mania year...
I know! I'm so excited. I figured out what I make with $5 a day or $10 etc. At the rate I'm going - my 2018 will definitely be a good one. A couple of days ago I saw a Nigerian post and the guy just got the equivalent of $60 usd pulled out. This pays all of his bills for December. Steemit is most definitely changing lives this very second. My Malaysian friends are beside themselves :)
That is one of the best things about STEEMIT! It is lifechanging for everyone living in a poor country. You only need a stable internet connection to start earning money, even if they only post about their personal story.
You have had more luck than i do on facebook. Family and friends got accts with no intro post🤣🤣🤣
Tell them to do an intro. It's the best way to start a blog
The technical peg is only to limit it from falling below $1, so I guess we can't say it is pegged anymore.
Isn't it great, that it can never fall below 1$ for more than a few hours but has unlimited upside potential?
Yeah, it is amazing!
So your target is $2.5M in the next 12-18 months?
Just curious, what is your 6 month chart saying?
No, you got that completely wrong. His target is to acquire 250,000 STEEM. At 10$ worth in 2018/19 he will have a net worth of 2.5 mill
Ah okay...I was thinking, man your charts much really be screaming to think $2.5M for SBD.
And I thought I was optimistic with $100 STEEM by the end of next year.
You are optimistic. I think it will take longer, but of course I would love to be wrong about this ;-)
I understand with the market that you display in your post, because I am a forex trader, if SBD to nak to the price, may be rich of users steemit.
if I want to recreate this post if I can take the picture you have post it.@ew-and-patterns
Thank you for the resteem!
thank you again sir @ew-and-patterns
I think this is a fantastic price to wait for, but in that market anything can happen.
Tnx for your technical experience and explenation. This is realy interesting.
+follow so i don't miss anything.
I always enjoy your charts and info.
Another nice analysis. That is why I'm not converting all of my SBDs to STEEM power at the moment. I would also like to see you do an analysis on Bitcoin cash. Seeing the rise of Litecoin, I predict that Bitcoin cash would also rise, since like Litecoin, it also has better transaction speed and fee compared to BTC.
I was just about to sell a small amount of SBD but then I had second thoughts, popped over here and saw your post. I think I'll wait ;)
Im with you at this... All my SBD is sitting on bittrex waiting for next skyrocket... 30$ looks like a right target... Of course it could keep climbing higher later...