SBD update 09.01.18 by ew-and-patterns

View this thread on steempeak.com
· @ew-and-patterns · (edited)
$98.42
SBD update 09.01.18
# SBD seems stable for now. If this count is correct, we will see a steady rise in SBD again soon.
![5bVYV3wU.png](https://steemitimages.com/DQmXAiUS98h1wo8yTbaLZoF5cc7rs13PAiLLUyFxzxFn1Np/5bVYV3wU.png)
![pxg2d0RH.png](https://steemitimages.com/DQmdXnBC7BGdgem6vrGC83xijwi4NuGAkW2RAQzArket6Vo/pxg2d0RH.png)
# It is not clear yet, if yellow wave 2 is done or not, but it will likely be done tomorrow.
# I am happy to see, that the strong correlation between BTC and most alt coins seems to be weakening. A lot of coins have shown to follow their own counts, rather than always following BTC (or even worse were those coins that always inversely followed BTC). 
# We are seeing less and less of that previous behaviour, which is a good development, especially for STEEM. If STEEM is a non correlated coin, it will be able to reach new highs regardless of BTC mooning or crashing.
# I'll keep you updated... stay tuned...

# NON RELATED UPDATE: I am experiencing transaction broadcast errors again(meaning I can't upvote or post properly, because it takes a lot of time or even doesn't go through. Be smart and copy your content before posting, or it could be lost. It might be DDOS attacks again -.-

![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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 :-)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (53)
@usmanzeb ·
Good to know I'm not missing out and can stick with my SBD's
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@pariza ·
Great analysis work. I agree with you. SBD come back strongly. Following you. Thanks
👍  
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vote details (1)
@thomasfarley ·
wicked signal!!! :DD nothing better on steemit than these haha

https://i.imgur.com/nWwJndu.png
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@beautybox ·
thanks for your sharing sbd update..i will wait for your next post.....
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@jakeybrown ·
How does the relationship between steem and SBD affect the price of each? I remember a few weeks ago you could buy 4 or 5 steem for one SBD
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@ew-and-patterns ·
$18.76
SBD was pumped to start the rally in STEEM. My guess is this is what "they" came up with after SF2, where like-minded people met to talk about the future of STEEM. That's why, for a very short period of time, you could get 5 STEEM for 1 SBD. It might happen again in the future, but not in the short term.
👍  
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vote details (1)
@valth ·
Nice, this gives me more time to stock up on SBD ;)
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@gzmgndgdu ·
the potential for growth is still enormous and it has a long way to go
 @ew-and-patterns
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@vaitelavicius ·
Thanks for sharing!
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@alhafidz ·
Nice post
Your post really helped me. By looking at the graph I could easily trade.
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@steemfirst ·
Truly SBD is getting stable this time around.i have been checking it in steem market ,it is gradually on increase.thanks for this update.i will stay tune to tap from your wisdom .
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@dolov ·
I agree with you
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@mohammedfelahi · (edited)
$0.18
In my thought, as steem price has as up trend as well as the Bitcoin. But the slope of Steem is more sharper then Bitcoin. So steem price  will govern in equation. So SBD is going to increase with time for each steem.
👍  
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vote details (1)
@riyad11 ·
it is a new added about sbd.obviously it is important for us..i realize your post.
money is the another fact of this matter.
it is better and everyone will conscious subject...thanks to you..
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@psilocybit ·
alright alright alrighttt
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@richard-921 ·
$5.65
Oh so true ! It’s great to see steem and sbd not be directly influenced by what happens to Bitcoin! I have one question ? Is there any chance that SMT will have to be purchased with SBD only! Kind of like peerplays did last year. Thus increasing the need for SBD? Looking forward to you thoughts.
👍  , , ,
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vote details (4)
@ew-and-patterns ·
$11.01
That is an interesting thought, but I think SMTs were created to drive the demand for STEEM, and not SBD.
👍  ,
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vote details (2)
@richard-921 ·
$2.26
True , I try to think outside the box sometimes. I can only imagine everyone rushing to sell steem to get SBD to purchase SMT. It would be crazy this possibly tanking the price of steem and it would take many steem to get one SBD. Just one of many wild thoughts in my little brain!
👍  
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vote details (1)
@vimukthi ·
Let's just hope SBD will rise first and re-create those good old times where you could buy 4+ STEEM per SBD and your got rewarded MASSIVE amounts of SBD.
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@joendegz ·
i waiting for it to go back to the $15 that was its all time high, this will be big for us who have both steem and SBD
👍  
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vote details (1)
@jesusvmorales ·
I invite you to read my post, it will interest you a lot, it is about profitable mining the best country to have a net income without spending anything
https://steemit.com/steemit/@jesusvmorales/venezuela-mining-paradise
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@lavanya ·
What happened to the sbd price,it not increasing?😢
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@kristinaljfom ·
Thank you for such a great explanation, I am not so experienced at cryptocurrency so such posts help me a lot, follow you)
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@anna-mi ·
$0.33
Thank you for your daily job for us. I am now studying trading, and understand that this is a great work. You are doing it to keep up to date with beginners like me. It is a good thing. And this is a good opportunity for me to compare my forecasts with a forecast professional, which is so important in learning.
👍  
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vote details (1)
@uwelang ·
$0.65
I am totally relying on you here - the reason i keep my SBD since days instead of directly selling to steem - hit me with your updates. I have the impression I know you.
👍  
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vote details (1)
@paced.financial ·
@ew-and-patterns the thing that bugs me with Steem and Steem dollars going up, is that they are both supposed to be pegged 1:1 with the US dollar. The steem protocals change the interest rates in the system to help make that happen as well as some other key changes to coin rewards and elsewhere.

If these ever take hold the price is ultimately going to go down to $1.00. For these to take hold though it looks like people would need to utilize savings for steem and steem dollars. I have yet to see any account though with any significant amount in savings. and we all have yet to see this lead to a significant amount of selling to drive the price down.

Any thoughts on that from the white paper or does that change your opinion of anything, or just ignore this part of the whitepaper and say the developers failed that goal?
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@ew-and-patterns · (edited)
$21.35
>the thing that bugs me with Steem and Steem dollars going up, is that they are both supposed to be pegged 1:1 with the US dollar. 

Show me your source for that statement. I bet you can't, because it's wrong.
Steem was never pegged to the dollar and SBD is now never gonna be pegged to the dollar again. Dan Larimer, creator of STEEMIT confirmed it two weeks ago in an interview.
👍  ,
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vote details (2)
@paced.financial · (edited)
$1.31
"It is our belief that these rules will give market participants confidence that they are unlikely lose money
by holding SBD purchased at a price of $1.00. We fully expect there to be a narrow trading range between
$0.95 and $1.05 for SBD under normal market conditions."

Thats a small part of the white paper under Setting Price Feeds, that whole section is what I'm talking about though. Starts on page 11. Goes into the controls in place for Steem and SBD.

https://steem.io/SteemWhitePaper.pdf

It's a dense read. That excerpt definitely shows the expectation for SBD to be prices around a dollar and Steem and SBD are deffinitely meant to be pretty comparable to each other. Or at least encourage the prices to match each other from the release of new SBD and Steem. 

As I kinda said though as long as steem user and investors don't care for their savings and guaranteed interest on their steem and SBD then the savings application for Steems monetary policy is broken and wont be their as support if steem were to fall below one dollar. Making steem fundamentally only able to hurt its own value by having all new SBD having no reason to be saved up.

With you being more of a TA trader (Least looks that way) I wanted to bring up some fundamentals of steem since it is probly not something you are primarily looking at.

PS I'm short term bullish on Steem and SBD as well, especially Steem since it is below parity with SBD, and the SBD being close to $1.00 thing is far out the window at this point in my opinion.
👍  
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vote details (1)
@fareast-history ·
$0.33
As they say in Russia, a grandchildren run away from their grandfather!(mean altcoins and bitcoin)). Subscribed on you - allways interesting in Elliot's.
👍  ,
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vote details (2)
@giemijares ·
$3.20
Thanks for the update sir, I'm just being positive that it will steady rise soon.. :)
👍  
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vote details (1)
@brothermic ·
$6.76
hi @ew-and-patterns, I see you are leasing more and more steempower, wise decision you make I would say :), I hvae 1 question, the market right now says steem is 4.9$ and will be even more down today or so, and sbd is lower then on your chart: 6.6$. How do you think how low this correction will go? Will we be seeing nice UPs soon?
👍  
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vote details (1)
@ew-and-patterns ·
$3.67
Take a look at the update that I posted a minute ago.
👍  
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vote details (1)
@brothermic ·
ok thanks alot, what about steem?
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@upme ·
re-ew-and-patterns-sbd-update-09-01-18-20180112t203942821z
You got a 0.41% upvote from @upme requested by: @ew-and-patterns. <br> Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round. <br> To support our activity, please vote for my master @suggeelson, as a [STEEM Witness](https://steemit.com/~witnesses)
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@postpromoter ·
re-ew-and-patterns-sbd-update-09-01-18-20180112t204920892z
You got a 0.73% upvote from @postpromoter courtesy of @ew-and-patterns! Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)
properties (22)
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