STEEM DOLLARS (SBD) - New triangle in formation - Break Out soon (UPDATE)

in #steem7 years ago (edited)

Hello all,

Some days ago, I was asking you to keep an eye on the STEEM DOLLARS (SBD) which was forming a new triangle.

Here was the chart that I proposed you :

SBDUSD.jpg

Here is the updated chart :

SBDUSD.jpg

The Break Out is really imminent now !

Here is a reminder how to trade this kind of movement :

  • Wait the start of the Break Out (UP or DOWN)
  • Enter your position by following the trend
  • Determine your profit target when you know the price of your entry
  • Wait and adapt if needed your profit target to sold your position with I hope a nice profit.

I wish you massive profits and a merry Christmas,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Version française ici : [[FR] STEEM DOLLARS (SBD) - Nouveau triangle en formation - Break Out imminent(https://steemit.com/cryptofr/@cryptopassion/fr-steem-dollars-sbd-nouveau-triangle-en-formation-break-out-imminent-mise-a-jour)

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You forget that Steem Dollar will go back to 1 Dollar in the mid to long term. Steem could profit from that because due to the high SBD price autors earning more money for their post and use the SBD to buy Steem and use it for powering up. Here is how the regulation mechanism works: https://steemit.com/steem/@sevenseals/why-the-steem-dollar-sbd-will-fall-back-to-1-us-dollar-the-self-regulation-of-the-sbd

Наверх, к 20$ за SBD

Keeping a close eye on things as we speak, thanks a lot. Merci!

Namaste :)

What a great opportunity!

I hope up! It is very nice earning at the moment!

I hope the price does go backup. I post music I make and I am enjoying the previous SBD price of $15 however since some whales have decided that they want to push the price down then we will suffer. Whilst bots exist people will use them because you can spend some money and make it back on a post using the bots. If your a bot owner you are also making lots of money every 3 hours. All in all the system is ripe for abuse and as usual the honest folk pay for the greedy cunts at the top.

The SBD chart is pretty amazing as of late. very interesting to see what happens with both Steem and SBD.

@cryptopassion I am currently using bittrex right now. I just want to ask what is the advantage of using bitfinex over bittrex

I am not a day trader and I am long on Steem. But it is still good to have these insights.

Seems like the value of SBD vs Steem has been going down during the last few days.

Great post

while we have this kind of users https://steemit.com/sbd/@checkthisout/sbd-correction

Sbd will go down:(

I actually hope SBD goes back to more normal levels, right now it begs to be exploited.

If it breaks higher I'm gonna get excited.

up for sure

I wish It will jump up to $14 and steem stays at $3 so I could buy some Steem power with few SBD I still have here.
I think this is a big wish and I am being a bit selfish,, but It is really my wish guys.
Thanks for the time you spent studying the market.

This is awesome. I'm very

It's very probably that the price of sbd goes to rise; because all cryptocurrencys are is taking force...

Nothing to say but good I like it post and your post very inpton 👏👍

It is very good to learn this news with a post like these

is the BTC/SBD chart the same?

thank you for your update post of steem blockchain.

Nice update. Crypto trading will be up soon. Following you and upvoted. Thanks

I really enjoy reading detailed chart analysis. There's some great information here for those looking to learn.

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Your post is great @cryptopassion, thank you for sharing this information is very useful for me, greetings introductions to all stemian friends

good article, @cryptopassion much I can learn, because I'm new to steem so I need a lot of feedback ..

Thanks for the TA, I now it is going up very soon. @cryptopassion

Hi @cryptopassion, Sorry to go off-topic, but I am trying to get STEEM listed on Binance Exchange. They are having another community coin of the month vote. Would you please be so kind to look at my campaign to get STEEM listed on Binance and consider throwing in your support? I'm only a small minnow so my ability to get the word out and garner support is limited.

However, if we can create enough exposure so that people at the top notice, perhaps we can get STEEM listed. I'm sure you understand all the positive implications it would havefor the price of STEEM and the STEEM ecosystem if we were to get listed on what is rapidly becoming the most popular cryptocurrency exchange! Thanks in advance!

I’m waiting for the breakout up. Do you believe it is an upward breakout or downwards?

What is the estimated time for trade of the currency STEEM? Is it instant or does it take much time between the trade offer til it is sold/bought?

Nice post. Thanks for sharing this info. On proposed triangle information. I look forward to see its break out soonest. My upvote.

I would say just to place pending order for this.
Thanks for sharing this @cryptopassion

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I hear ya I think the story hasn't really changed it's just starting go a little more public. Right on great stuff, the volatility is just starting...

Wait till the first week of january second week of january is the christmas for sbd 😍

from the look at things we have a future. yes a brighter one. Earnings are going to go up soon.

I'm mining with Hashflare (cloud mining bitcoin) https://hashflare.io/r/13062913-1
and trading on Binance for altcoin https://www.binance.com/?ref=11789561 ! :p
made a lot this year :3