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Steem / Bitcoin

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STEEMBTC trade ideas

STEEM Can Also Print An Impulse Move (250%+ Big Jump!)Let's keep it simple for Steem (STEEMBTC) shall we? Here we have an ascending trendline on the bottom where I marked mutiple higher lows... It is also clear that we are having higher highs so STEMMBTC is on an uptrend now. After the low trendline was hit, a strong high volume bounce took place and prices are now trading above resistance. Just like I mentioned in my previous post about ERDBTC, STEEMBTC is very likely to produce an "impulse move". Remember to hit LIKE for more... Previous analisys | Apr 3 💥 Steem Uptrend Is Secured, Bullish Comes Next by Request Thanks a lot for your support. Namaste.
Long
by MasterAnanda
6
LONG (STEEM/BTC) Blow Off Some STEEM this Weekend!Hey Friends, You’ve likely heard of the social media website Reddit. Essentially, users post articles about various topics to the site. Readers can then vote on articles they like or dislike. Posts that receive a lot of positive attention are then pushed to Reddit’s front page. Well, Reddit now has a new competitor called Steemit. Much like Reddit, Steemit users can contribute content to the site. Only Steemit content is based on cryptocurrencies. And if this content receives votes from readers, the writer gets rewarded in a special cryptocurrency called Steem (STEEM). Steem calls this system “Proof of Brain.” With this system, there is no “mining” like there is with bitcoin . The structure is a little complicated. But here’s a simplified version of how it works. It involves three tokens: A. Steem: This is a regular cryptocurrency that can be exchanged into bitcoin and dollars immediately through the usual exchanges, notably Bittrex B. Steem Power: This is essentially a long-term version of Steem. It pays a small amount of interest of 15% of the additional annual inflation in steem (which is currently 9.5% a year). It also gives users influence, making their up-ratings of contributions to Steemit more valuable C. Steem Dollars: This token aims to be worth exactly $1. But it’s not convertible directly into dollars. You can only convert it into steem, with a delay of 3½ days. Now, there’s a complex exchange system in place between these three tokens. But for our purposes, we only need to know why steem itself makes a strong play right now… Apart from the general bull market in cryptocurrencies, steem will gain value as more people contribute to Steemit. That movement will accelerate as large social media “influencers” — or big sites such as BuzzFeed — decide that steem-based rewards for their content can pay them more than advertising. Just as Reddit makes more money if more people use it, Steemit (and the price of steem) will rise in value by gaining more content. STEEM is already a $65.5 million system. But I expect it to grow much larger. It is yet another way in which cryptocurrencies can be used to generate real-world value. To buy Steem (STEEM), buy bitcoin ( BTC ) in your wallet for the amount you want to invest. Then exchange the BTC through the Bittrex exchange for STEEM. When you wish to sell part or all of your STEEM holding, exchange them for BTC through the Bittrex exchange, and then sell the bitcoin for dollars through a Coinbase credit to your bank account. CALL TO ACTION: Buy Steem (STEEM) over the Binance or Bittrex exchanges using your bitcoin wallet at no more than $0.20 Stay ahead of the masses, Seth Maniscalco
Long
by smaniscalco
STEEMBTC | Middle term fibonacci retracementFibonacci retracement is a method of technical analysis for determining support and resistance levels. They are named after their use of the Fibonacci sequence Fibonacci retracement levels use horizontal lines to indicate where possible support and resistance levels are. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8% and 78.6% STEEM is a fundamentally strong coin which has reached Fibonacci 100% retracement level after a prior pump. During last two days we tracked this coin and found it successfully consolidated and is ready to bounce
Long
by Skyrexio
💥 Steem Uptrend Is Secured, Bullish Comes Next by RequestSteem (STEEMBTC) secured its uptrend, meaning, we have clear signals that prices will continue to go up. First, we have that huge green candle on the 19-March. Prices then entered a strong correction, which is 100% normal... And as soon as EMA100 was tested as support, we ended up with a higher low, the uptrend is now secured. Yesterday's candle also printed high volume and this signals that the retrace/correction is done. Now, it can take days or weeks for the next jump, but what you have to do to profit is very easy, it is simply buying and hold... Set your sell orders on target and let them fill as prices go up. This is not financial advice. Thanks a lot for your support. Namaste.
Long
by MasterAnanda
1
STEEMBTC forming bullish Shark | Upto 32% move aheadIn my previous article as I have shown that the price of World's 78th ranked cryptocurrency Steem is forming bullish Shark pattern in US Dollar pair now same as like that move the price action of Steem with Bitcoin pair is also forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of Steem with BTC pair price action's moves: After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00001611 to 0.00001487 sats Sell between: 0.00001725 to 0.00001976 sats So this trade has potential to produce upto 32% bullish move. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333