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Steem / Bitcoin

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STEEMBTC trade ideas

Time to get some STEEMTwo weeks ago, STEEM, the token of decentralized social media platform Steemit, has hit an all-time low of 424 sats on Binance. The token was in a prolonged bear market since May, when the community forked the social media platform after its acquisition by TRON. Recently, STEEM had two green weeks, albeit with gains that were rather unimpressive compared to some altcoins. Yet could this be the reversal of the downward trend? To test this idea, we’ve asked Hybrid Intelligence the following question: The cryptocurrency Steem (STEEM/BTC) settled at 0.0000056 BTC at 07:00 AM UTC at the Binance exchange on Friday, January 22. Will STEEM/BTC trade above 0.0000065 BTC (+15.19%) earlier than trading below 0.0000048 BTC (-15.19%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario) ------------------------------------- Assurance: 67% This means Hybrid Intelligence believes that there is a decent probability that STEEM will go higher before falling again. It looks like the token is already at the rock bottom and a possible altseason wave might pick it up. However, web traffic to Steemit, the social media platform, did not increase despite the growing interest in crypto. For comparison, Coindesk more than doubled its number of visitors since October. So it’s probably a short-term trade for a quick gain rather than a long hodl.
Long
by Cindicator
1
STEEM/BTC (Weekly Breakdown?)💎Technical Analysis Summary💎 BINANCE: STEEMBTC -STEEM still has 1 day left before the weekly candle closes -It is now trading below the weekly key level of support -Technically, this is bearish in terms of price action -If you are a long term bull, this level must not breakdown -Because new price discovery and longer consolidation will occur -Entering this market is a highly high risk -But might be good for long term investors -So please exercise proper risk management A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
14
STEEM/BTC It has good growth potential in the medium termHi Kindly like the ideas if it is helping you and leave a comment It has been in the channel for a long time And the market can go up and down in the same channel. Channel is from 1500 to 2800 in the chart: Targets: 2000 . 2250 . 2500 . under 2800 Resistance:2800 Strong Support:1500 Channel is from 1500 to 2800 Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . please support us Good luck.
Long
by CobraVanguard
2
STEEM/BTC (Testing at Key Support)STEEM/BTC -This coin is back at previous Swing Low located at 1700 sat range -This area of support was previously a resistance zone -Today, can STEEM confirm this area as still a valid Key support? -Well, there is a chance if STEEM can pass 1900 sat and up -But if the market becomes unstable in the next few days -This support might not hold and send the price lower -Technically, if you're a type of traders buying at key areas of support -The 1700 range is a good confluence in terms of support and resistance -The risk to reward ratio is also good -So aggressive Buyers might already have positions opened right now -Target is up to 2200 sat area or higher
by PolarHusk
3