STEEMBTC trade ideas
STEEM/BTC (Bounce play: up to 55% swing up?)STEEM/BTC
STEEM just had a big false breakout reaching over 200% pump, if STEM will repeat this type of scenario,
we could expect minor bounce up over 55% move inside this ascending channel.
The stop-loss is below green trend-line support which is the key area for this short term rally.
STEEM / BTCSTEEM / BTC has had quite the bit of dramatic sequence the last few weeks. From what many view as the hostile takeover of the network by Tron Founder Justin Sun, to the subsequent hard-fork, STEEM price action has gotten one thing.
Crazy.
From a low point of 867 SATS, this thing has exploded to 8133 SATS at the peak! That was nearly a 10x for premium content users. Way to go!
Now; it’s retraced all the way back down to 2800 SATS.
I am loading a bag at 2820, and will keep my accumulation range or 2500-3000 SATS. This could very well see 4000+ SATS again over the next week > sooner. That from here is a 27+% run; and giant green candle.
Good luck traders. Stay indoors!
Steem Is Starting Another Round | 60%+Trading Steem went nice for us and we ended up with profits every time... Now I am seeing a strong bounce takes place.
Previous chart:
We can see strong volume coming up for STEEMBTC and one candle that challenged all three EMAs, 10, 50, and 100.
The pattern which led to this candle, marked in blue, is also a strong reversal pattern and a higher low compared to the 26-Oct... The signals are strong, time for Steem to move higher.
Namaste.
Gone Perfectly As Predicted, Steem Prints New Higher HighWe predicted that Steem (STEEMBTC) would hit a higher high (HH)... You can see it by clicking on the chart image below:
What happens now?
Trading volume is starting to increase and STEEMBTC is gaining momentum. We can expect this uptrend to continue to develop with this and other altcoins printing slow and steady growth. Higher highs and higher lows.
All the details (targets) are clearly marked on the chart.
Feel free to hit LIKE to show your support.
Namaste.
Steem Higher High | 75% Mapped With Fib. LevelsSTEEMBTC (Steem) just printed a higher high (HH) after challenging EMA200... Let's see what happens next!
STEEMBTC is looking up if we take into consideration the different trendlines.
Our next target is clearly marked on the chart with dotted lines.
If STEEMBTC can break 0.00002441 or EMA200, it is likely to continue up and hit a new higher high.
If prices fall below the rising trendline where EMA100 (blue) is touching now, we can see a retrace up to MA200 at 0.00001743 but we stay bullish and expect a strong bounce.
We remain bullish on STEEMBTC as long as prices are trading above 0.00001465. If prices go below this level we switch from bullish to bearish.
Namaste.
$STEEM, Crazy volume flowing in here as it flipped ~1867 sats $STEEM
Crazy volume flowing in here as it flipped ~1867 sats resistance level into support..
Making a new leg up around 15% & reaching ~2280 resistance level (UCTS Buy signal catching the entire movement)
Buying here is RISKY (for my eyes).. Wait for a potential flip of this level as new entry..
#STEEM