SBD update 01.05.18

The ascending right triangle pattern did not pop yet, which is why there might be a different pattern evolving in SBD.

I zoomed out and saw a possible leading diagonal triangle, which explains this price behaviour perfectly.

In a leading diagonal triangle, a wavecross between wave 1 and 4 is allowed (that is one of two exceptions to the rule).

This pattern usually indicates a huge rise in the coming months. It is a slow and timid start, which will likely bring a rapid increase in value after yellow wave 2 is done.

Although I already HODL a lot of SBD, I am accumulating more funds for this occasion. My guess for SBD (which is based on fibonacci ratios) is still 32$ into late 2018 or early 2019. So if I buy it for 3.2$ or lower, that would be a 10x increase of my money in a very short timeframe. (by the way haejin is betting 42000SBD equal to 130000$ that this will happen... and I would do it too, if I had as much money as he does)

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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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