STEEMBTC trade ideas
Steem Buy SignalDouble bottom on the daily as the 0.000145646 level seems to be well fortified by investors. We have not closed beneath this line since early November.
Today Steem released a desktop/pc version of the webapp. Interesting timing. Steem has the 10th largest market cap amongst Alt-coins and relative strength shows it leaving the oversold area.
Double bottom on the OBV and The Willy. In my experience with crypto, this is an excellent signal.
Important fact to remember is that you need to purchase BTC in order to invest in other Alts. I believe a significant amount of BTC bought in the past quarter were Alt coin investors taking advantage in the short term rise in BTC to ultimately stack other Alts.
I Expect STEEM TO BLOW to the Upside soon. Don't Miss This TrainFundamentals look GREAT with STEEM as well. STILL a damn good opportunity to get in LONG on this one.
PRICE DOWN PICK UP !!! www.youtube.com
STEEMBTC 4 Hour Fibs and a lil ResistanceLookin at STEEMBTC 4 Hour Fibs for Price Target
Some Historical Resistance may be around .00018470
STEEMBTC Daily Historical Fib LevelsJust looking at some Fibonacci levels for lil ol STEEMBTC.
Need to make up .00165869 to reach August Levels.
Fundamentals are here for STEEM to be in a Wyckoff SPRING Cycle.@spacetrader brought this one to my attention. THANKS !!! I wish I had went "hunting" sooner and found this one. Congrats on the entry and exit, @spacetrader when catching this one in the beginning.
I like how it's going sideways now for what is now working on its tenth week. That's a good sign this is actually on its course to a Wyckoff Spring Cycle. Is it possible one could get duped here? Of course... It could go down further here and establish a different Preliminary support line that what I've drawn here currently at 0.00100333.
I'm keeping a close eye on this one in it's current form to decide on entry. Do NOT forget a stop loss if anyone else is considering the same. I'm normally a bit more willing to set my stop loss at a larger percentage than normal in coins emerging out of a bear trend into a Wyckoff Spring Cycle. I'm not saying what percentage my stop loss will be publicly or privately to avoid getting stopped. I'm actually considering doubling down if it should go below the bottom line considerably because I feel pretty good about the fundamentals we are seeing here.
REMEMBER: The KEY to understand how we know we are more than likely walking through a Wyckoff Cycle to a Spring is the fact we have emerged from a LONG BEAR MARKET trying to find "support" or a "bottom."
More notes with more comments to follow.
Stay tuned and Happy Trading.
David
STEEM - wait to sell higher?Last hours STEEM is knocking on the Lead 2 (Senkou Span B, at the moment the upper border of the cloud), trying to leave the Kumo cloud.
If it managed to do so, with all other bullish signs at their places, we can expect a rally up to the 0.00029 STEEMBTC level.
So, fellow Steemians, maybe it's worthwhile to hold on and try to sell our hard-earned & powered down STEEM at higher prices :-)
STEEMBTC - price targetshere are the support/resistance levels on the STEEMBTC daily chart.
- support could come from the Conversion Line (Tenkan Sen, the blue one)
- resistance from the Kumo Cloud and the Base Line (Kijun Sen, the red one)
SEEMBTC LongThis seems to be a good bet with little real loss if monitored properly when you weigh risk.
STEEM FINALLY CHANGES ITS TENDENCYAfter broken the neckline of the H&S price going down pushing more down against the rally of BTC (yellow line) and little volume.
A see a change of tendency for STEEM recover after forming a star candle at the 0.00018260 support line.
To continues this uptrend we need the volume of the last days and keep on eye on the BTC behavior and we gonna see a good and important uptrend
Thanks for follow!
CORRECTION OF TIME FRAME / READY FOR STEEM PUMP 2° PHASEAfter forming a cup and handle pattern (is to possible that STEEM make a retracement) because is going inside a overbought area + broken Rsi , to follow this uptrend.
If TA works the target is the same like the deep of the cup (HUGE)
Happy trading
STEEM PUMP WITH A CUP & HANDLE PATTERNAfter forming a cup and handle pattern (is to possible that STEEM make a retracement) because is going inside a overbought area + broken Rsi, to follow this uptrend.
If TA works the target is the same like te deep of the cup (HUGE)
Happy trading
STEEM OpportunityGeneral consensus on STEEM is that it is a turd of a coin-- a sentiment I share. However, the market rules-- supply and demand trump any perceptions.
STEEM is completing a solid cup & handle pattern. This presents a nice opportunity with a risk/reward ration of 1:18.
Bitcoin's increasing value may extend this handle out for quite some time so I don't expect an immediate breakout.
STEEM DECLINE TURNS INTO OPPORTUNITYWe've seen this kind of panicky volatile bottom forming on other chains (ETH, XMR,..) which turned out to be huge profit makers. Higher volume confirms this.
We are looking for entries in the red region, where there is support from local highs and various MA's.
Steem makes an interesting addition to our portfolio, since we have not yet invested in "social media coins".
Steem, or the story of David vs Goliath.Steem look very strong since Bitcoin loss power theses days, we have a perfect ascending triangle, in 240TF 120TF the fundamentals show me a pretty sign of trendup.
December 6th release and news on Steem, im optimist with this coin.
First resistance= 0.00038580
If this resistance break = ?
Good trade.
Steem, LONG!I think we will se a break out from the downtrend very soon.
Steem already fall from 384 million Market cap to 24 million market cap!
I expect a huge break out.
Steem/BTS OverlayThe relationship between Steem and Bitshares is striking. Price in both markets are consolidating.
Big moves a head.
Target could be around 35kFollowing the chart for a while now; strong support around 13k will not be broken imo.
$STEEMBTC is going to long 0.0029btcTHis is the time to get some share of Steem and wait till it reaches the resistance level.
It is time for STEEM to go up! STEEM has 100% yearly inflation but we are at the half of the year for STEEM!
