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.
STEEMBTC trade ideas
SteemBTC Great Potential 100-350% Profit targetPossible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
Join our discussion room for more about our trading signals.
Please do click on like icon and share our idea.
Thanks.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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 - 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 Falling wedge pullbackHello guys,
today Im going to give you a little overview whats in my opinion a falling wedge.
As you can see I marked the first falling wedge as 1# after the long downwards trend in 1# we have seen in the 19920 zone a pullback.
Now its the same game again I belive! In falling wedge 2# weve seen a long downtrend from 42k to 17.3k and we're close to the 19920 zone again thats why I recomend:
Accumulate everything between 17105-19920
Stoploss: ~14589
Take profit you can do at the marked Resistance zones:
R1/TP1: 24090
R2/TP2: 29524
R3/TP3: 35164)