Nothing changed overnight in BTC, but today and tomorrow is decision time for SBD. It is approaching one of last major resistances.
Will the uptrend line which is currently @ 3.36$ be enough to end the downtrend? I hope so, but I don't thnk it will.
I have a strong bias to see a good drop to 1.4$, because I want to buy a shitton of SBD @ 1.4 $.
You will never in your liftime, find a better buying opportunity than this.
SBD has a guaranteed bottom @ 1$ like no other asset. It can't drop below 1$ for a prolonged time. It's technically impossible by its design.
So if you buy 1.4$ or below, the worst that could happen is that you loose 40%. But you have the potential to have it rise again to the old alltime high of 18.6$ in 2018 or 2019 or any of the following years. The risk reward ratio is insanely good. In fact, I have never seen a better one.
So if you are in it for the long run, like myself, the risk is very very low in my opinion... Do you think that SBD would jump to 18$ and then remain at 1$ for the next 10 years? I doubt it. Just image what that chart would look like.
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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!
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