STEEMBTC trade ideas
Buy And Sell Calls For Steem/BTCSteem is a currency that can fluctuate wildly. From a TA perspective its been fairly predictable since the large price swing we saw previously.
Heres how to play it. If you are in the money and waiting - keep waiting - until about 0.00023000 - it may dip a bit lower than this but this is a could place to setup tent.
The first target sale could take place at 0.0002600 or possibly higher.
This is my own analysis using techniques that have been consistent for me. These idea are not financial advice - do your own research before investing!
$STEEM PotentialTrades are all a little riskier now with BTC in a danger zone. If you are trading alts, you should have charted BTC first and have alerts set on it.
STEEM has been moving up, and the last increase was even druing a BTC decline.
1. Touching daily, longer term trend line.
2. On the .618 fib retracement of the move up.
3. The RSI is the same as the last 3 bounces off the trendline.
4. There is a history of support/resistance at this price.
5. SL will be set under the last swing low.
STEEM / BTC / INTRADIA SIGNAL / MASTER TRIANGLE BREAK BUY LIMITEN 3775-3690
SALE
EN 4020-4128
PROFIT
SL: 3560
4% to 8%
STEEMBTC Daily. Cup with handle in creation. Cup with handles in the making. wait for confirmation. Can just as well blast down again. STEEM has a lot of publicity and I think this one might be a winner in this sluggish market. Do not trade at my advice.
SteemMessy but I saw a trend where after first run there was approx 3-4% higher high after second run and approx 2% higher high on third run so after drawing fibs on the first 2 runs I worked on a pullback to the trend line and expecting a new higher high by approx 3% which coincides with the 4Hr Res. I was late to enter as I was sleeping but am watching like an eagle today.
STEEM 4HLooking at the 4H chart, we see constant rejection at the 200 MA (pink). I believe we will need to set a higher low before we can make a breakout run. Therefore, I will continue to monitor Steem throughout the day. If it can hold 37000 as support, or anywhere close to there, establishing a clear higher low. I will ADD onto my position.
THIS IS NOT FINANCIAL ADVICE. THIS IS FOR EDUCATION PURPOSES ONLY
Steem 12H0For education purposes only, I will go over a trade that I made.
I entered at 38000 sats when the green 2 candle was trading above the green 1.
Overhead resistances include:
39040 sats (previous lower high) - If we break this, I will most likely add onto my position
My target zone is between the two dashed red lines, 43040 and 46510. This is where I am looking to exit most of my position.
I will most likely let the rest ride until we hit another resistance level at the 50k sat area.
My stoploss for these trades are at 35300-35500 sats.
Risk To Reward Ratio = 1 : 2.5
Steem 1DLooking at the 1D chart, we can see that Steem is forming an ascending triangle, which is bullish. It is marked by the orange rising trend line, and the orange horizontal resistance line. The MACD is setting up to cross bullish if we get follow through. The moving averages are all pretty tight together so a breakout to the upside should result in some golden crosses. I will go over my entry in the next post since I decided to look at the 12H chart.
#Steem finding support around 50fib region. #steembtc Steem seems to be in an ascending channel , facing resistance at the 20DMA level at 36.8k sats after bouncing off the 61.8fib support at 31.7k sats, currently its being supported by the 35k sat region which is the 50fib level of the move X-A and also 23.6fib of the B leg .
If #steembtc manages to break above the 20 DMA and subsequently the important resistance level at 39-40k sat region, then we can expect it to rally to 42.5-43k sats, before we see some correction.
STEEEM is about to move !!Buy STEEM @ current price
TP1=4031
TP2=4356
TP3 = 5009
TP4=5661
SL = 3280
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This is one of good patterns i like to buy in.
I have called this since yesterday in my TE channel and the opportunity is now here again.
STEEM: Smart Media Tokens? = 20.88% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 20.88% PROFIT!!!
The increase in price may also be explained by positive developments including:
January 1-30: Steemit announces partnership with Datawallet allows creators on the Steemit platform to monetise their content.
February 2: STEEM is listed on Binance.
February 18: Steem AppBase release candidate is released.
April 10: Positive Article was released by Businessweek which stated that Facebook -0.59% and Youtube were losing creators to blockchain powered social networks like Steemit and Dtube. Steemit has become an open competitor to Facebook -0.59% a ($462.38 Billion company). This has article has provided mainstream exposure to Steemit.
April 26: Positive Article from Forbes which covers the rise of blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit.
April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume .
(NEW) May 18: The CEO of Steemit announces the development of Smart Media Tokens (SMT) and the Smart Media Token Protocol. The SMT protocol aims to allow for new features on the steemit platform including:
1. Initial Coin Offerings
2. Monetization
The surge in price of Steemit is believed to be driven by the announcement of the development of the Smart Media Token Protocol and general recovery of prices in the cryptocurrency markets.
**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
$STEEM Steemit: On Breakout WatchSpeaks for itself, in my opinion. This market has been rough on all of us, here's hoping we start a rally here!
Steem geting ready. Any comment is much apreciatedHi guys!
First of all I would like to start by saying that I'm not an experienced trader and you should really think twice before trading based on my ideas.
I'm publishing these ideas only so I could hear your comments and get better.
This is what I think it is going to happen: STEEM is forming a breakout triangle pattern.
I see 2 possible scenarios:
1. Will drop 2 times and after that it will pop;
or 2. Will drop one more time and it will pop.
I also pointed about buy zone and sell zone.
Buy zone is based on my prediction, where I think it will go.
Sell zone is based on past strong resistance lines.
Any comment is highly appreciated so please fell free to do it!
Steem possible cup & handle formationHello all, after 2 weeks of holidays in back in the crypto world!
Steem is showing a possible cup&handle formation, An healthy retracement followed the strong uptrend happened in during April, in this scenario the impulsive 5 waves and ABC correction are clearly visible.
On the daily chart supports match well with the fibonacci retracement, the price actually sit on a 4hr support and seems to consolidate but could briefly touch the next stronger support around 3500sat, could also be the end of C leg and the 0.618fib
On the H4 timeline the falling wedge is squeezing but is also visible a small hidden bearish RSI divergence, this could shortly lead right in the daily support I mentioned before.
Next hours should tell us more information, watch out the price for a possible reversal signal!
STEEM Making wavesSteel made its new wave cycle and a new impulsive wave. Looking for support in the buy areas for a 3rd wave
STEEM social media & blogger money maker, get STEEMIT! [BTFD]Big on STEEMIT nad its platform
d-tube and everything else
big nice to get it lower but looking to get in at the bounce of the fib at 0.236 level around 28k sats
not going in huge here just a nice play to get some cheap STEEM to use for boosting posts on steemit (SBD too)
take profits wherever u wish! SL would be at 25k sats on this trade
bless up and come follow me on STEEMIT: steemit.com
