SBD is ready to explode again. The triangle is finally completed. I am expecting a sudden rise in buying volume any minute now (on Bittrex). This should be interesting.
Actually I predicted a bullish wick below the triangle in my last post and as you can see, that is exactly what happened.
All attempts by the witnesses to get SBD back down to a Dollar (they changed the payout rate from 50/50 to 85/15 to increase inflation) have failed miserably!
Instead they pay us even more SBD so we earn more in the short term. NICE!
Please go on dear witnesses... Change it to 95/5 if you want, but you will seem even more desperate. There is no way to beat the price formation mechanism of a market once wave 1 and 2 are done. On the short run, SBD will likely rise anyways and ignore inflation...
If it happens, I will post more frequent updates on the waves up. My gut feeling tells me, that this is gonna be amazing 😎... Stay tuned...
UPDATE: YEEEEESSSS!!!!! BINGO!!!
Today I want to give back a little, because you guys made it possible for me to write theese blogs.
Feel free to post your best blog in the comment section, that you have written in the last 5 days (BUT ONLY UNDER THIS BLOG, DO NOT POST YOUR LINKS UNDER ANY OTHER OF MY BLOGS!). (I will not flag it, if it is posted under this blog)
IF I like your Post (it can be anything) I will reward it with an upvote ranging from 30 cents to 3$ (which is actually worth a lot more than that, because SBD trades @ 8$ each)
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.
MUST READ!
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.
For full disclosure: 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 own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
