Steem Dollar (SBD) Shows Positive Divergence between Price & MACD

in #sbd7 years ago

SUMMARY

Steem Dollar (SBD) could be putting in the finishing waves for the complex correction wxyxz, the end of which is patterning out as a downward symmetrical triangle. The whole correction also has a convex curvacious feature and while not drawn in the chart, a wide girthed rounded price bottom also has potential. However, given the proximit of price to the apex, some degree of breakout is expected. Whether it's sustainable through two rounds of impulse rises is yet to be determined.

While MACD is reaching for higher lows, price is declining to incrementally lower lows. This a positive divergence that has been happening now since late January. The MACD also is quite proximal to the apex of its own symmetrical triangle. Do you think this is the best time to be taking selling or buying actions?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Amazing info and great to see how you are handling the negative pointless trolls. Iv'e followed your blog since the posts made about .75$ each and the comments were only a few. Amazing to see the growth and I guess with all growth comes the haters. You had me in on Verge before anyone anywhere was talking about it. Haters can hate if they want. Not with my compliments aside, can I slyly hint at a Digibyte short outlook ;D

Oh @starjuno upvoted this ^.^ she has delegated power from @haejin to flag the haters and trolls :D


great to see how you are handling the negative pointless trolls


make sense :)

she is doing a fine job, probably wont need a real-life job anymore :)


Flagged for being upvoted by that piece of trash @starjuno who supports North Korean scammers like @haejin.

So no uptrends soon? Didn't you say it would go up just about now. Wht changed?

hope the prices recovers fast as a family I can say that many are dependent on it

WARNING - WARNING - WARNING - WARNING - WARNING

This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.

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Sir @haejin great information about SBD.
I know that you are not a financial advisor but I notice your prediction are good.
Thanks for sharing

WARNING - WARNING - WARNING - WARNING - WARNING

This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.

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Buying or selling actions? What I see is bearish pressure across the board, and not enough buyers. This is a changed market since Dec 2017 when the CME futures were put on Bitcoin. As long as Bitcoin is under pressure, these charts of altcoins can extend sideways until and unless we get some strong buyers coming into the picture. I am going to use WAITING actions. Love your charts, and the interpretation lately with questions and analogies. Very entertaining whilst we suffer the unknown.

You are really doing a great job with nice predictions. I still seem disturbed with how much the use of steem and steem dollar on this platform affects the price? Honestly i know it really does or "should"; but is this the greatest project that determine the price.

Amazing postings, good information, add knowledge, fun and I like. Thanks for sharing

WARNING - WARNING - WARNING - WARNING - WARNING

This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.

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Im a buyer at $1.00

Can we sell before buying(in cryptos esp.)?

why buy if trend is not reversed(bullish).

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS5.991$-2.59%-10.52%
QAUQuantum0.103$6.07%-24.35%
SBDSteem Dollars1.540$-4.05%-23.24%
STEEMSteem1.519$-4.42%-23.71%
WAVESWaves3.613$-2.47%-22.56%

Thanks for the great TA haejin..have a great night aweaome...

How low can the SBD can get?

😲😲😲 scared now