SUMMARY
STEEM Dollar (SBD) could be patterning out an ABCDE correction via a symmetrical triangle. The below chart shows two pathways; a D wave breakout (blue) or an E wave breakout (white). Just because the pattern is a triangle, it doesn't mean there must be 5 waves. Cryptos have a personality trait of breaking out on the D wave about 1/3 of times; similar to what ETH and BTC have done.
Now, the volume has been declining to almost a trickle. This confirms the triangle pattern. Could it trickle through the weekend and complete the E wave? Yes. However, the MACD is still moving under intense pressure put on by the ever so narrowing symmetrical triangle lines of its own. Patience and awareness are keys to any traders success!
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Elliott Wave Counting Tutorial #1
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So is it going up or down? Need some more clarity.
Yea all those upward pointing arrows are confusing! (I kid)
up
It will soar and be hot like this summer heat!
Good advice. Thanks for good share.
Buen post me parecio interesante ,saludos.
I analysed all your other crypto predictions and came to a conclusion that this would be mostly correct. I was counting on it and it did actually happen!
Not sure why most others in here think these TA of yours are scam. I do agree you earn a lot on these posts but I wouldn't say they are crap.
Having said that, it would be great if you could post updates about Steem and SBD on a regular basis because this platform is based on those two coins and I'm sure everyone would be eager to know their price predictions.
Cheers! :D
Probability seems high of a breakout. Patience is a virtue...indeed. Let's see what happens over the course of the weekend. I feel an SBD awakening.