Thoughts on increase of SBD circulation
Every time that #SBD starts to circulates #STEEM gets pumped and now it is the time to either save #STEEM or use #SBD wisely. In my opinion is is always great to see where will the move next and now both seems to be moving up which means one will soon change its direction. I believe #SBD will need to go down in order for #STEEM to get more value and attract new investors. The great power down of #STEEM that started recently should push the #STEEM price down but the fact that it is being moved to exchanges increase the circulation volume which might just trigger some indicators up.
STEEM
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If #STEEM manage to touch the 17800 satoshis level and test the next resistance level with high volume it will pretty much gain the level pushing SBD price a towards the down trend, but the channel that #STEEM is currently moving is to tight and might break faster towards the 10500 satoshis weekly level that has been struggling to gain for a while.
SBD
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#SBD managed to keep moving with the trend line and tested the support level after failing to gain the 22500 sats level and managed to move up to the 26100 sats level. It seems that it is time to start a new movement analysis to see where does the #SBD and the newly printing rate of it will affect its price which I believe will be towards testing the trend line once more.
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Nice! I was planning to buy some STEEM awhile back and totally forgot about it. Not sure if it would go back down, so I'm just going to observe for the moment.
Exactly is the time to sit back and observe unless you are holding a position and are actively watching your next move.
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