STEEMBTC trade ideas
#STEEM new movementSeems like #STEEM is moving within a wedge that can start a possible move towards the recovery side if it breaks the wedge and moves above the 8000 daily level and targeting the 8800 sats daily level with probable resistance at 9200 monthly level which is a very low level formed from last month movement. It could go lower to the 7200 levels and then a possible hitting the weekly level of 6500 satoshis level. A good entry level is at 7000 satoshis and always taking a close look at the 6800 level on the other hand a safe exit level is present around the 8000 satoshis level and if the is a possible break through that level targeting 8800 satoshis it is possible that it will test the 9200 monthly level.
STEEM – almost touched ATL (all-time low)Hi Guys!
We have for you another interesting opportunity. Yes, opportunity. There no guarantees in crypto just opportunities.
STEEM has just almost touched its all-time low price which predestinates it put it on our radar.
Here are technical analysis details:
• Profit/loss ratio – magnificent 1185%
• Ichimoku Cloud - TenkanSen(red) has crossed Kijunsen(blue) and the chart is over both - positive.
• Weis Volume Waves - no supply whatsoever but not enough demand yet.
• Sentiment Zone Oscillator - small correction possible as an indicator is saturated.
Short-term targets:
• 0.00008829
• 0.00009341
• 0.00011987
• 0.00013438
• 0.00015209
If you trade short-term set your stop-loss at 0.000062
Long-term targets on Fibonacci scale:
• 0.00027905
• 0.00041660
• 0.00052776
• 0.00063893
• 0.00079720
• 0.00099881
If you trade long-term set your stop-loss at 0.000050
That’s it.
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MASSIVE Hugs!
WBM Team
#STEEM longToday's chart for steem reveals that it is loosing weekly support and will mostly keep bouncing within the descending channel that it has been riding last few days. There is a strong indicator for the next possible move, there is a really high chance that #STEEM will meet its lowest level by February 19th and that will cause either a sell off or a bull ride but it just depends how the levels will be created, as previously mentioned weekly level was lost and unsuccessfully tested now we just have the daily levels and see what is the possible move. For now I will keep my stack out of #STEEM and might buy back when 5800 satoshis level is meet hoping for a fast recovery which was something was previously seen in 2017 as well.
Steem is waiting for confirmationIt's super easy to play this one. As soon as Steem close the daily candle above the white line (10 EMA ), it's a very strong signal that confirms the bullish momentum for Steem in the next couple of days. It might rally to retest the Yellow line (50 EMA).
Please keep in mind that this trade is just short term.
STEEM BTC Pairing and short term gainsWe are now seeing Steem at its bottom, this is the lowest Steem has been since summer (May,June & July 2016).
Short term we will see a retest of the 0.00001094 BTC level, we should break above this level as well as the 50 MA.
From here we will see a run to the 0.0001242 level which has been support for the past few months.
I see consolation coming between these two levels before a possible breakout above the volume well and a test of the 0.0001547 residence
STEEM Short Term A long term wedge looks to break sideways, expect upward trend. First touch will most likely reject the level, sell at that point and buy back lower, second attempt will look to gain that support. After which it will target the next level. If it fails again we could see it return to the established support in the current channels.
STEEM is Ready for BIG Rally. 13-40% Profit Expected in ST.DONT FORGET TO LIKE THIS ANALYSIS
Chart Duration - 4H STEEM/BITCOIN BINANCE
RISK LEVEL: 3/10 (Less means, Less risk)
Key Points
1. Bottomed out at 11820 SAT Key level from where it jumps back heavily. Excellent buying zone (check 18 sept 2018) 11820 strong resistance if broken good sign.
2. Fibonacci on 4H, touched 127.2 FIB, 127 is always a good reversal point.
3. RSI very good around 30-35 (OVERSOLD)
4. MACD good buying signal
5. MFI money flow in
6. STOCH - reversal expected.
7. Good fundamentals - twitter.com
8. SteemFest Global Gathering
9. TestNet 15.1.18 Steem Smart Media Tokens
BUYING ENTRY : 11400-12000 (Buy in Parts)
SELL TARGETS : 12730-13200-14290-15000-16700
STOP LOSS : 11000
Recommedation : Focus more on first 3 targets if short term, if long term holder wait for big targets
Time to reach Targets: 1-2 Weeks for 1st 3 Targets & 3-4 weeks for rest of the targets.
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
STEEMBTCSTEEMBTC , time to rise
U can buy it from this price and wait the two targets on the chart , or U can wait till the price break the down trend line .
If the price can't break the down trend line it can go more down and break the new support line , In this case you can wait and buy more from 1085 - 1075
good luck traders