Hi Sevenseals,
I respect your opinion but I do not agree with it. In the following chart I entered the Fibonacci levels and highlighted with green rectangles the various areas where the price of SBD / USD has respected the Fibonacci levels.
Apparently these levels are respected.
I fully agree that fundamental analysis is important, indeed, I think it is more important than technical analysis, and this we can see with the latest crash of the Steem Dollar, but I think that to identify good entry into the market, to identify trading signals, technical analysis is to be kept in mind.
This is my opinion.
RE: Steem Dollar: technical analysis of 4 February 2018