Good news for Steemians everywhere: STEEM and SBD are surging higher and look ready to resume their uptrends. On an even better note, SBD is clearly outperforming STEEM and the ratio is coming back out: 1 SBD now buys 1.2 STEEM, up from less than .95 earlier in the week.

The worse that ratio gets, the harder it is for new Steemians to stack STEEM POWER and grow.

Anywayz let's take a look at the charts ...

SBDUSD

SBD seems to have finished its incredibly deep correction from $18 to sub 3 and now appears to have broken out of a Bullish Wedge Pattern. Pair has just breached the $7 mark and looks set to surge higher towards 8.90 over the coming sessions:

I have it on good authority from @furious-one, who has it on good authority from some gnarled old drunken trader he met in a bar, that Bullish Wedges always retrace 100% back to the peak of the wedge ie $18.

On top of that, that guy who's permanently bullish everything made a call for $40 the other day ... That might be complete bollocks, but you never know and realistically, posting is mighty rewarding even with $4 SBD - anything else is just a bonus!

Technically speaking, a 100% retrace makes sense and fib extensions would be huge from there so that guy could be right. I remain bullish SBD above the recent lows, below there and the party's probably over.

STEEMUSD

STEEM has also had a good morning against the buck and bulls will be looking to push the pair to new highs over the coming days and weeks. Pair is currently testing the 50% of the recent correction at $5.88, with a break higher targeting $6.60 and $7.62, and the 100% retrace/all time high at $8.96 beyond there.

Once again, it would take a breach of the recent lows to invalidate my bullish bias ....

Looks like smooth sailing ahead folks - though keep your wits about you none the less!

Ya get me blood?

Word.