STEEMBTC
STEEM/BTC Mid-term AnalysisSteem has a working product and ten thousands of users and their business model is also interesting. They're the new blogger.com and medium.com if I can say. But with blockchain. Of course. So the fundamental factor behind this coin is no doubt, aside of that their team also developing SBD or Steem dollar but i'm not discussing about it here. The thing is they have a higher chance to survive for the next 5-10 years with the consistency of their productivity right now.
As the bear market has causing a lot of majority alt-coins price meltdown, what interesting on Steem right now is that the chart looks pretty juicy. The pattern that we have here is a falling wedge that one of few famous pattern used for reversal trend. With a confirmation that the chart already bottomed and not pumped yet from the nearest price action in 1-2 weeks before. It's a good entry around 1300 sats, since I think that Steem need to be cooled down first. But if the bull is continuing as we're get closer to the one of big sentiment which is few ETFs announcement this year, we can re enter around 1400 sats as the closest resistance at the moment. but it's also quite far from the cloud, so the reason not to be perma-bull is quite reasonable.
Over all, we're investing on this one with such overview. I probably looking for the next confirmation to put next position which is average up or average down based on the trend, but we're probably not in term doing so in few days/weeks ahead.
STEEM - Corrective and next cirle, Moon wait usSteem is currently in the swing trade area and forms the short-term and medium-term correction zone in its downtrend trend. We find Steem's oscillator area quite wide, we will closely monitor this trading code to find the best order.
Any PO area will be moonlit with this lightning fast code
Please select the most effective trading area with this code offline!
Wish you success, like us if you love!
[STEEMBTC] LONG - STEEM Is Next [700% - 5800% PP]Let's take a look at Steem in anticipation of the next cryptocurrency market bull run... ALTCOINS ARE EXPLODING... Many are waking up!
Now, this is simply a trade, and trades can either be a success or a fail. Whichever way this one goes, just keep in mind your potential risks vs rewards.
Potential for this trade based on all time high and STEEMBTC 2017's peak
Looking at June's 2017 peak on the chart below, we have over 700% potential profits.
Based on STEEMBTC all time high, we are looking at 5800%+.
These are great numbers, but we are certainly happy with 20%, 30%, 50%, 100% profits or even more. The important part is to buy coins at the bottom, wait long, and sell when the price starts to go up.
You sell on target for profits. You can sell on each target as much as you want.
As soon as we hit our first target, you raise stop loss above buy in, this is true for all of our trades.
Here is the weekly chart:
I marked the date for each "bottom", when STEEM bounced and started to move up.
We have bullish divergence on the MACD.
The RSI and STOCH are both showing plenty of room available for growth.
If you want to have a closer look at some bullish signals, take a look at the daily chart.
Trade instructions for STEEMBTC by Alan Masters Trades
Buy in: 0.000120 - 0.000130
Targets for STEEMBTC:
(1) 0.000142
(2) 0.000174
(3) 0.000222
(4) 0.000293
(5) 0.000411
(6) 0.000497
(7) 0.000606
(8) 0.000725
(9) 0.000798
(10) 0.000918
Stop loss: Close below 0.000111 on the weekly.
ACCEPT WHAT ALREADY HAPPENED, OPEN UP FOR THE NEW THAT IS TO COME
When you accept the past and learn from your mistakes, the doors for blessings will open and a new reality can emerge.
For the future to be simple, abundant and prosperous as we all want.
We need to practice and practice, by living and accepting...We are being prepared for a new home.
These past experiences is the training that you asked for...
So don't cry over what already happened, accept it... and open up for the new, that for you is about to come!
Namaste.
STEEM-BTC possible long tradeSteem has come down to the bottom of the long term symmetrical triangle. This is a good area to watch for a bounce so for now I have taken no trade yet. I will udpate once we get a bounce and trade is active. Aggressive traders could enter here with a 15% stop loss, though I will personally wait for signs of a bounce off of this trendline. Steem also has some bullish divergence.
[STEEM/BTC] EARLY BUT IT COULD BE PROFITABLE [50-100% POTENTIAL]#STEEM / BTC ( Binance, Bittrex )
Buy Range : 0.000133-0.000136
Stop Loss : Not recommend
Target 1 : 0.000164
Target 2 : 0.000211
Target 3 : 0.000270
WEEKLY CHART
- RSI on lowest point in two years and near oversold zone ( positive )
- Negative SAR ( Negative )
- Below moving averages ( Negative )
- Lack of volume ( Negative )
DAILY CHART
- SAR was positive in the last four days ( positive )
- Falling Wedge pattern has been broken ( positive )
- Sideways accumulation after bloodbath ( positive )
- RSI dontrend broken after touched oversold zone ( positive )
- MACD showing some strenght in the last days ( positive )
- CCI has turned into green ( positive )
- CMF is has been performing good in the last two weeks ( Positive )
- Lack of powerfull volume ( Negative )
- Below moving averages ( Negative )
4H CHART
- EMA20/MA50 crossed and support candles ( Positive )
- MACD is falling after first little pump ( negative )
- Ichimoku cloud hasnt been broken twice and still below it ( negative )
- Below MA200 ( negative )
CONCLUSION
After massive bloodbath , Steem has broken its falling wedge and is throwing some early positive indicators which looks interesant to make an investiment. Also, some important facts like price and historic base support zone can suggest we are near of the bottom.
On the other side, there are some negative indicators which cant confirm bullish reversal yet. If altcoin market continue performing good we could have first good movements in this nice coin.
Stay safe,
Mike
$STEEM, Tick-Tock…
Weekly
Looking at our trend timeframe we see STEEM has now reached our critical support level at 12000, stochastic rsi showing momentum is bottomed out and we should be expecting a reversal. Will be watching smaller timeframe for momentum and candle reversal.
Daily
Shifting over to our pattern timeframe we see price has found support inside our 13000 zone, stochastic rsi showing momentum in favor of bulls. A daily close above 13500 and expect a radial spike towards the 21000, however if rejected by our trendline expect our sell to continue towards 10000.
STEEM/BTCI like how STEEM chart is looking, is touching right on trending support. I've seen this pattern multiple times, the one I remember the most was potcoin last year. You can go check that chart if you want, it did the same triangle until it reached the most narrow area in it and then it FELL. Yep. It fell freaking everyone out and that was the dip needed to take the price to an ATH, so don't think that because the chart looks awesome, it means the journey of price will be easy, it will have it's moments of doubt, suppression and volatility but all in all I hope to see STEEM price recovering this year significantly. Let me know what you guys think in the comments. Thanks for reading.
STEEM Triangle Formation$STEEM is on a triangle with 5 waves formation. I love this pattern because it usually result to violent breakouts. This move is confirmed by RSI bullish Divergence. Goodluck! Not a financial advise.
Steem VS Bitcoin Trying to Break HigherSteem has tested the bottom on the 30th of June, where price hit 16.7k satoshis low. After that price went up sharply breaking above the downtrend trendline and reaching the high at 22.4k satoshis.
The upside move resulted in a 34% Gain against the Bitcoin, and it seemed that STEEM/BTC is about to break even higher. However, price has rejected the 200 moving average and corrected down to the 78.6% Fibonacci support at 17.9k satoshis.
Currently STEEM is stuck between the Moving Average and the 17.9k satoshis support. At this stage consolidation could continue as STEEM does not have any directional pattern at this moment. But at the same time break above the 22.4k satoshis could be the first sign of a potential trend reversal or a strong corrective move up.
On the other hand, if the Fibonacci support is broken, STEEM is likely to re-test the 16.7k low and perhaps go even lower. Although buying opportunity is very tempting, perhaps safer trading would suggest to wait for the resistance breakout.
STEEM / USD TO HIT $100 WITHIN 6 MONTH - CryptoManiac101Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
STEEM - Great buy in priceDon't really need any TA to tell me that Steem is a great buy today. Last time I picked up at $1.33/steem and sold a couple days later at $1.65 , Had money sitting in USDT till now and bought back in around $1.18, still a good buy in my books. Don't advise anyone to follow my strategies I'm just trying to document some trades online to see how my profits compared to someone who actually does real TA since I don't really do any. Sometimes I may check the macd, stochrsi and bollinger bands if I am trying to day trade. But mostly I just buy something when I think it is a good price.
Steem OpportunityAnother great opportunity! Steem is a great project over all!
These are some of the better times to grab your alts when the markets in uncertainty! So much FUD people are selling and taking losses, this is when you should take action and purchase bags of your favorite alts - that are not shit coins obviously! You can add this to your list and keep watching it for cheaper entries when BTC starts making moves.
Use stop losses and trade smart :)
STEEM FORMING THE RIGHT SHOULDER, 71 % OPPORTUNITY!Steem has been on a breakout yesterday, since one day it has made more than 25 % rise and has confirmed finishing the head and is just about to start the left shoulder pattern and has confirmed it with yesterday's spike. So now I am expecting Steem to finish its right shoulder pattern in the upcoming weeks where it should stop at 0.00043 BTC as there is downward pattern if we look at the tops it have been making with its left shoulder and head so we are going to meet the resistance when we intersect with the red line however if we break this trend I am expecting Steem to go up further to the price it has made with its left shoulder, in other words right shoulder will be the horizontal reflection of left shoulder where it will do its peak at 0.0005 BTC.
So my advice on this trade (this is a HODL trade), buy now sell when we come close and intersect with the red downward line and wait for the market to react if we break this trend then it is time to buy back but if we bounce back down from this trend it means we are on our way to finish the right shoulder by going to the bottom.
Good Luck, Traders!
STEEM/Bitcoin Cycles Warm For A Few Days-Big Chill Coming?STEEM/Bitcoin 12 Hour Bars, LOG Scale, 06/19/18, Written 3:35 p.m. EST, by Mike Mansfield
Hi trader friends, STEEM might get hot for a few days but don’t let if fool you. It should then cool off again for at least one to two more legs down before it can likely finish its larger Wave (C) decline. Price is more important than time, but even better when price & time suggests the same thing, as in the case here.
SUMMARY: BOUNCE THEN LOWER, SO LOOK FOR SHORT OPPORTUNITIES AFTER NEXT TWO WAVE 4 BOUNCES.
Currently on Andrews Median Median Line support after a 5 wave down. This should provide a smaller degree Wave 4 a bounce for several days to sell into.
Then, down again. Why?
Cycles, Elliott Wave count, Gann/Andrews/Schiff lines are all still bearish.
CM_Williams indicator has slight bullish divergence, enough to support a small degree Wave 4 bounce.
But, the fact that it made lower lows on the swing before, supports our longer-term bearish view.
Solid red and green arrows show most likely path.
Dashed red and green arrow show less likely path
NO BREAKOUT UP UNTIL:
1. Daily close above the pink dashed horizontal line, which, is the prior Wave (1) low, and would likely invalidate bearish view.
2. Daily close above the red Andrews pitchfork upper channel line.
3. Daily close above the blue dashed Gann 3:1 line, whichever of the three possibilities comes first.
ELLIOTT WAVES, BIG PICTURE:p
Most likely path appears to be larger ABC zigzag or larger ABCDE contracting pattern, but unclear as yet.
I show both, so if you move the chart around you should see larger picture wave counts. We do not yet know if STEEM will boil and take off up after the forecasted (C) wave low or simply have a larger Wave (D) bounce followed by a Wave E) wave low, perhaps into the apex of a contracting pattern. If STEEM does take off with high volume after the Wave (C) low, and moves up in clear non-overlapping 5 wave pattern, then STEEM could have the beginning of a new impulse wave up, sooner rather than later.
CYCLES:
Cycles are about potential general energy shifts, not necessarily exact turning points. Sometimes they invert, sometimes they are perfectly timed with market highs and lows.
Cycles, are meant for general trend guidance.
Blue cycle = general trend thus far. Next trough, September 25, 2018.
Green cycle aligned with the 3 major lows. Next trough, August 26, 2018.
Red cycle tends to catch intermediate highs. Next trough, July 29th. This could be telling if the market gets unusually strong after July 29th. Watch for that date to see if the energy shifts dramatically up.
General guidance: Look for SHORT opportunities into possible lows around the end of July,, end of August, end of September.
NOTE: Do not use cycles alone!
We really like the SteemIt platform and hope it keeps growing! Definitely check out SteemIt as a competitor for Medium.com and eventually, perhaps other social media sites like Facebook and YouTube, since SteemIt integrates with Dtube and “pays” you for content, unfettered by the powers that seek to control free speech and hold some blockchains down until they have their own versions to gain even more power.
BOTTOM LINE:
More cooling off ahead after two Wave 4s of different degrees have their short-term pop ups.
Then down again to complete at least a Wave (C) low, possibly lower, or a Wave (E) apex in a wedge or triangle.
Lows in the end of July, end of August, and/or end of September, 2018.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO
steem pullbackThis is another marking price for steem pullback.
again. dont trust this chart.
this chart is for study purpose only.
