Steem Dollar (SBD) Analysis: A Breakout Usually Follows this Complex Combination Correction

in #sbd7 years ago

SUMMARY

Steem Dollars (SBD) has been correcting in a complex wave count as shown by the blue wxyxz or an ABC as there are almost always more than one way of counting. Given near vertical run SBD had in it's prior impulse, the deep retracement could still morph into a price rounding formation. This would mean an extended sideways action. However, if the blue Z wave is complete, the at the very least, a bounce can be expected.

The reason why wxyxz was selected was becuase the correction is really a complex combination with the final z wave counting as an abcde triangle. Price is very proximal to the apex and the waves seem complete. A breakout usually comes next.

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unless SBD returns to its "supposed" peg to $1 USD. in which case, this is merely hocus-pocus.

You think this is about winning and losing? That's pathetic! Only a dense, obtuse sociopath would do so.

Thus the quotes on “supposed,” as per the original white paper.

sbd is in relatively low price right now...

I wish you to BTFD, then. 😀

Hence the reason to maintain 15% of portfolio as cash to deploy.

Love your work Haejin - ignore the haters, they would not be there if you were not successful :)

I appreciate it. As an analyst, I need to call it as I see em.

Price SBD currently drop drastically, I think because of the effects of State get BTC to Japan.

Interesting. Can you elaborate?

Yea...
The first headquarters of the bitcoin is located in Hong Kong, since the Chinese Government banned then they decided to move to Japan, where they got a small issue as well, but I hope it will be good.

I would be very happy if the whole world was opened and in the passed currency crypto,I am grateful to Satoshi Nakamoto. the creators of the bitcoin originating from Japan, hopefully I get to meet him someday, it is an honor for me.

Great projects will go through many ups and downs. This one I know is a Slumbering Giant. Soon FB/INSTA/TWIT will be the way of the dodo ... eclipsed by our STEEM power!

Interesting. Can you elaborate?

Sure
Look at what the "mainstream" social medias are doing at the moment... Their monopoly and and do it our way or the highway will soon be left behind for platforms lite this one :)
Fingers double crossed.

Hence the reason to maintain 15% of portfolio as cash to deploy.

Exactly... 15-20%.

I wish you MAAAAAAASSSSSSIVVVE PROFITS!!

Steem dollar is gaining some value and hopefully, it will rise with time.

Interesting. Can you elaborate?

Let's make it rain!

Haejin, I'm a huge fan of your work. I would like to thank you for all that you've done for the community. If you can, please do an analysis for Request Network, Icon, or Oyster Pearl. Thank you!

I wish you MAAAAAAASSSSSSIVVVE PROFITS!!

I think the big question is if there will be a new SBD pump?
And if so, when will it happen?

I'm 100% certain you can never predict a pump via TA. What's your opinion about future pumps?

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
EOSEOS7.280$19.1%41.85%
QAUQuantum0.153$-0.31%9.79%
SBDSteem Dollars2.339$-0.05%2.58%
STEEMSteem2.258$2.2%8.39%
WAVESWaves5.082$0.26%5.3%

I agree with you.

I appreciate it. As an analyst, I need to call it as I see em.

great post dude

I appreciate it. As an analyst, I need to call it as I see em.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 131.56 SBD, based on the pending payout at the time the data was extracted.

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XVG is similar

Make sure you downvote all of @Haejin's scammy post!!!
Screenshot (85)_LI.jpg


Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts


@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.


HaejinWork.png


It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

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Great crypto currency post
I love it your every Post
Thanks for sharing......

I appreciate it. As an analyst, I need to call it as I see em.

Just a heads up, it's a comment spammer.

It's proven many times by your own actions that you are a beady eyed, two bit good for nothing sociopath!

Hence the reason to maintain 15% of portfolio as cash to deploy.