THIS could be it. The start of a new uptrend in SBD and STEEM.
The exchange rate is getting better fast. In the last 24 hours 72000 SBD were bought on the internal market for STEEM. The usual amount is only 5000 SBD.
This never happened in the last 90 days as you can see on steem.supply
SBD had a huge pump overnight and so did STEEM, but we all know that SBD is able to rise much faster than STEEM, because the supply is much smaller. This is why the exchange rate is dropping fast.
SBD exploded from 1.3$ to 3.4$ over night.
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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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