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Steem Dollars Trading - Time to invest in SBD Cryptocurrency? AUG 31/18

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  • Steem Dollars Trading - Time to invest in SBD Cryptocurrency? AUG 31/18



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    SBD Trading and SBD Cryptocurrency Investing

    August 31 2018

    Trading Steem Dollars , SBD charts,

    Steem Dollars (SBD) explained
    SBD price chart

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    in today's video an SBD I'm going to
    make a little commentary

    the main
    thing I'll say is that I really don't
    understand this Steem Dollars market and its chart
    patterns

    I did trade it back in 2017
    when Steem Dollars made this big spike up and
    didn't take profits at the right time

    so Steem Dollars has the ability to make some
    big spikes up but it didn't make a run
    and a trend like most of the other
    crypto currencies from March April May
    June July

    instead Steem Dollars stayed pretty flat while
    everything else made a big bull run

    it
    came down to lows in November in
    December of 2017 like the rest and a
    little run up into 2018 but nothing
    significant

    again in April and May of
    2018
    Steem Dollars made a bottom and rose up a little
    bit oh yeah now was when i zoom in I say
    that wasn't a significant move compared
    to the past but it still went from
    triple zero one four to triple zero
    eight which is an enormous move all like
    six times in value in that short period
    of time so that's nothing to sniff at
    for sure now that it's down to
    historical levels again it may be that
    it's going to do another spike up it's
    not giving me the turnaround pattern
    that I want let's zoom in now to the
    3-month view and from the three-month
    view

    we can see that Steem Dollars made a low at
    the very beginning of August instead of
    the 13th of August like many of the
    other coins

    Steem Dollars made a run up and has come
    back down to be retesting those lows and
    the moving averages haven't crossed over
    yet and so it is giving us a potential
    bottom it is giving us a triangle
    formation in a longer sense here and the
    moving averages have not crossed over
    yet

    Steem Dollars would have to break above
    these levels and have that movie
    average cross over before it enters into
    my trading realm but it is coming into
    something close to watch still even in
    the zoomed in area

    Steem Dollars is not giving me
    the turn around pattern that I want to
    and it's important to know that this
    coin really takes off fast so it's if
    you're going to be watching this market
    watch it close and be ready to act on it



    ------------------------

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