Downloading...
Download

Steem / Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

STEEMBTC trade ideas

STEEM Trading OpportunityThe market is at possible bottom. The support zone is formed by 0.000160 and 0.000150 support levels. The current levels are good for buying in long term. We can place pending orders above SMA100 at 0.000180 level with stop orders at 0.000140 level. Profit targets are 0.000220 and 0.000300 resistance levels. MACD is going to support upward movement and DMI allows opening long trades. It's trading opportunity and we can try to catch possible upward movement.
Long
by DLavrov
9
STEEM/BTC ( Finally lost the Limbo game)The Market Cycle is over , and we are back to the original price. This is a trade where my entrance is not really based on upward movement. I do not think STEEM Will go any Lower, and if it stays flat lining then I am not loosing any bitcoin and if it has a crazy Run up I was in it before the hype cycle. I am looking at this like an inactive market, Once it wakes up even if there are ridiculous swings once I am In in the profit ( anything above 30%) Ill have some really loose stop losses. This is one of those trades that I have setup with some Price action alerts and wont check every day. I Will Probably check it twice a week and see if its ready. if it looks like its going to pop I will increase my position accordingly.
by albangasser
5
STEEM - Long PositionSteem seems to have found support on the previous up trend line, while the 235 SMA has formed upper resistance, forming a nice dovetail from the breakout run. I remain bullish, although my previous posts were a little too early. The 21 SMA has formed a trough-to-trough sin wave curve, ending right on the 235 SMA. This could result in an inflection at the point of contact. The price may bounce between support and resistance once or twice more, but I expect it to break resistance soon. Pending buy orders can be placed above resistance at ~0.000285, with a stop loss below the support line at ~0.000265. Initial target should be around ~0.000395, just below the high of the previous break out at the 0.236 retracement fib. I expect the price to move higher long term, but this seems to be a zone of strong local resistance. Another element to consider is the vertical orange line, indicating the approximate time that China could announce its new Cryptocurrency regulations. This coin should be relatively distanced from the effects of Chinese regulation, but the previous period of FUD relating to Chinese regulation has taught me to be cautious. BTC may take a hit and the market might get scared. I have taken a measure of the time and percentage of the previous breakout and moved it to the current candle. If we see a breakout within 5 hours or so, then we could have a repeat of the previous breakout to reach our target before any news hits the markets. Just be cautious, and consider taking profits early. The news was previously announced at 3pm on Monday, China time (UTC +8).
Long
by Az_am_I
STEEM - long position - awaiting confirmationMy previous idea on STEEM reminded me of a few very important rules of trading, and here I am enforcing them strictly. The most pertinent being: ALWAYS wait for confirmation. Long term, the outlook is still very bullish, until we see some signals to the contrary. Short term, things are less sure, so we should wait for confirmation before entering. This chart is a 343 minute with 4 simple moving averages: 7, 21, 77, 235, as used by bdkelly1203. The most promising aspect of this chart is (A), the golden cross of the 77 over the 235 SMA. This hasn't happened since March, when steem last broke out. Until we see an inversion of this cross, I remain bullish long term. (B) is indicating a point of harmonic resonance, when two of the moving averages crossed on the 0.236 fib. This might sound "woo woo" to some people, but this can indicate harmonisation in the chart, suggesting it is "balanced" or "in tune". (C) indicates the strong support that the 235 SMA has provided to far, if this can support the 7 SMA without a cross, then that's a very positive sign, if the 7 crossed the 235 - bad news. Finally, (D) is our signal for a trend reversal. If the 7SMA can cross the 77 and the 21 after finding support at the 235, then we're in the money. This would be made all the sweeter if it happened right on the 0.236 fib! After receiving confirmation of all the signals above, we should set our bid to just above the .382 fib at ~0.000315 with a stop loss below the 0.236 fib at ~0.000289. Our target should be just below the 1.618 fib of this run, which lines up with the 0.382 retracement fib of the previous break out, at ~ 0.000469 I will update this post as I receive confirmation diversion signals. Happy hunting!
Long
by Az_am_I
4
STEEM train leaving the station!We've just had a big Elliott wave break out on Steem and are reaching the C of an ABC correction. We are currently in the buy zone. This chart is a 343 minute with 4 moving averages at 7, 21, 77 and 235, as recommended by my man @bdkelly1203. we had a great breakout after the 7 crossed the 77, and we just had a cross of the 77 over the 235 - The train's about to leave the station! Target should be below the .382 retracement fib at about 0.000475 or so. This entire move should be the 1 and 2 waves of a larger Elliott wave set, I plan to sell at 3, reenter at 4 and ride up to new highs at 5! Good luck! Choo chooo!
Long
by Az_am_I
5
Good to take some profits, but will probably go even higher Alright this one deserves a chart. STEEM doesn't seem to run out of steam (ha, get it?), and doesn't look like it will for another couple of days. Just to be safe this is a good place to take profits based on WT, but MACD isn't quite done yet. Once it tests that resistnce between 1st and second fib level, it will momst likely go as high as the top of the second fib level before crashing very quickly back to it's current price.
Long
by TonyRobinson
2
STEEM TO DOUBLE IN PRICE! - Major movements.Steem's value is currently under 60% of the Fibonacci, therefore the market has reclaimed more than enough of it's value to continue a large uptrend. On the graph with have small and major resistance + support levels, follow them line accordingly and make trades based on which one is broken. Steem has seen much higher prices in the past and we should see them again in the, not too distant future. First target - 0.00035K. Second target - 0.00064K.
Long
by thomasfar6
2