STEEM seems to be bullet proof right now. It looks at BTC and says "I don't give a fu.ck about you bro, I am gonna do my own thing!"

Let's hope that I am right about this and it turns out to be a showcase of true inherent value. Most cryptos are red today, but STEEM is green.

This is the updated count:

STEEM already started the next impulse, while SBD is still waiting for a high volume spike as uptrend confirmation. People are not buying SBD right now, because they want to gather more STEEM.

I think SBD will also start a good upmove soon. But right now, the crowd hates it and I think the exchange rate could drop to 0.8 STEEM/SBD before the next move up.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, Hive account@ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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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.
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