SBD update and trade setup 26.01.18

If SBD is able to do a second bullish retest of the downtrend line and bounces off again, I will buy some more SBD on Bittrex to HODL until 30$.

A second retest whitin an ABC correction is a very bullish setup if it happens. This could could be what I have been waiting for since the alltime-high of SBD @ 18.73$ in december. Two months later this might be the next bullsetup.

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Green wave 1 and 2 equals the yellow wave 1 and 2 in the first pic.

Let's hope for the best... stay tuned...

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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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