STEEM seems to be bullet proof right now. It looks at BTC and says "I don't give a fu.ck about you bro, I am gonna do my own thing!"

Let's hope that I am right about this and it turns out to be a showcase of true inherent value. Most cryptos are red today, but STEEM is green.

This is the updated count:

STEEM already started the next impulse, while SBD is still waiting for a high volume spike as uptrend confirmation. People are not buying SBD right now, because they want to gather more STEEM.

I think SBD will also start a good upmove soon. But right now, the crowd hates it and I think the exchange rate could drop to 0.8 STEEM/SBD before the next move up.

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.

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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.
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!
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