BTC quick morning update 15.02.18

in #btc7 years ago

BTC is clearly on the way up now. The iSHS pattern is unfolding

This is the bullcount so far:

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SBD and STEEM were able to stay strong as well, but I am expecting a correction before the next push up.

The SBD exchange rate could be 2:1 (STEEM/SBD) or even 3:1 in march again... I was betting my money on that since December and I am not selling yet, because it is just starting to look better again. I am still trying to accumulate as much SBD as I can for this occasion.

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Looking good. The trend has finally changed and we are looking at upward moves which is great. Especially if those were the lows, they were still 6x higher than the same time last year. With all these new users ready to pile in, the sky is truly the limit this time.

I am dumping all my sbd as fast as possible.

I hate to bet against u but i cant see how the sbd price will stay above $1 forever.

Can u explain again ur reasoning?

I have 5 resaons, all technical not taking into account the fundamentals.

  1. They cant control what happens @ exchanges even if they peg it again on the steemit page. Doesn't mean speculators will stop paying a premium (anything >1$) for the potential to see another even bigger pump and dump on the exchanges in the future. If they bought @ 2,2$, the the associated risk is low, because it can't fall below 1$. There is no other asset with a fixed bottom.
  2. SBD chart is bullish, BTC is starting to turn bullish too
  3. I observed the prices of SBD and STEEM for months now. SBD is able to rise much faster, because of the lower supply. I believe exchange rates of 2:1 or 3:1 will easily be possible again. Combine that with the bullish chart and you get something like 6$ STEEM and 12$ SBD.
  4. Mind game: Let's say you will be able to earn 30k SBD within the next 2 years. Why not put 6k away in case another pump and dump happens? It is a bet against short term gains and for longterm gains.
    Those 6k could be 7k STEEM now or 18k+ STEEM later this year or in 2019. If you are in it for the longterm I think this to be a decent bet.
  5. Have a look at the most recent LTC/USD chart (for similarity) to get an idea what could be happening with the price of SBD in the next weeks...

If you don't have the nerves to follow through (I know it can be painful) then I would start selling above 1.2:1 ratio.

Thank you!

Hopefully his future is better than before

Beautiful information really amazing post thanks for sharing sir....resteemed

my thought is that the 3rd wave in the big cycle has started and we will record a record on it in this year.

That is what we are all hoping for. We will all earn a shitton of money if it happens... But we will only know after a new alltime-high.

it is very Interesting your point of view. I am following you from now on.

I didn't understand because of some translation difficulties. Do you expect SBD to be 3 times larger than Steem?

Yes. I think we will get 2-3 STEEM for only 1 SBD in the near future.

I'm waiting too.

i just followed you cause your posts seems to be informative you are doing great ,,If you are interested in cryptocurrency visit my steemit for more information @reewy ,, and thank you again for your great posts

great post.
Upvote and resteem.