Because many of you have been asking, I wanted to give a quick update about SBD. Theese are the most probable pathways in my opinion:
White wave 2 could already be done, but it could also morph into an expanded flat, which needs another low for white wave 3 to start.
But under no circumstances can the price drop under 6.7$ again. If it does drop below that, then the count needs to be adjusted and the bullish scenario is on the rocks.
Right now everything seems just fine for the bull move. We had two big volumespikes in the last 24 hours which is what I was anticipating in my last update.
MORNING UPDATE:
Today I want to give back a little, because you guys made it possible for me to write theese blogs.
Feel free to post your best blog in the comment section, that you have written in the last 5 days (BUT ONLY UNDER THIS BLOG, DO NOT POST YOUR LINKS UNDER ANY OTHER OF MY BLOGS!). (I will not flag it, if it is posted under this blog)
IF I like your Post (it can be anything) I will reward it with an upvote ranging from 30 cents to 3$ (which is actually worth a lot more than that, because SBD trades @ 8$ each)
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)