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SUMMARY
Have you been watching Steem Dollar (SBD) price today? Check out the below chart showing it SURGE from $1 to $3.11!! That's over 300% in 3 days!! This is EXTREMELY BULLISH because SBD is now a LEADING INDICATOR for STEEM's PRICE ACTION! STEEM could do EXACTLY THE SAME SURGE!!
IF STEEM folows suit, we could see >$3 anyday! That would mean blue wave 5 or beyond!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Doing some awesome analysis here - and Steem certainly should follow suit. No one wants to sell it when you can generate such high SBD value with your voting power
@dandesign86 question for you. With your current answer you seem to have a good idea on it. When you write a post, the payout amount that appears below is on steem, or on SBD, or USD? This is something it gets me a bit confused.
Thanks for your feedback on this. Regards, @gold84
I have been watching this set up and was thinking the same thing!
Since the sbd is supposed to stay at $1 but it still surges to over $3 tells the whole story! Steem to $25 by end of 2018! Bitshares $10 2018!
I thought that Steem Dollars were supposed to be pegged to the U.S. Dollar? (Quite confusing)
Well, they’re supposed to be but apparently there’s too much demand for SBD! (or something is not right with their rebalancing algorithm?). But if you think SBD will go back to 1$, than it’s not a bad idea to use them now to buy STEEM.
If sbd is at $3 use them to buy steem power!
Amazing right!
Xvg update please 🙄
Ladder in!
Hey I am not familiar with crypto terms, do you mean to say, buy now?
Hello, could you please do an analysis on EOS. Thank you very much
I agree!
EOS deserved more updates. Awesome gains, I love it!
Update >>>>>>>HODL
I'm starting to follow, and less familiar with the terms. Can you put it into context of your other calls? Like bts or where was iota back when you said it's gonna mount a charge?
Check out the links at the end of each post for more information. Also, you can search Steemit using "haejin BTS" for example to see his previous posts on BTS.
You are talking about cups, well it looks more like two giant b##bs!
Your post has been resteemed to my 2500 followers
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I think it is too early to think about Elliott Waves in steemit
Hope you are right!
Thanks haejin for the outstanding analysis. Steem got active the last time
SBD surged. SBD may very well be a leading indication.
Bittrex doesnt seem to have a steem\usd trading pair.. wondering what that second chart is...
What, wait, what sbd is at $3??? Well dang!!
@haejin SBD will soon reach a milestone of $10
That would be awesome and give everyone a raise for the work and blogs!
So apparently you can buy steem dollars on Poloniex, but how do you transfer them to your Steemit account?
I've written about that , you can find the post if you do a little digging on my blog. Alternatively you can use the search section to find related post.
this is supposed to be only worth $1 --- pegged to $1 --- what is wrong !!!!
sentiment is bullish
I saw the same issue with Bitsilver and Bitgold ... trading way over pegged valuation... WHY!!!!????