STEEMBTC trade ideas
Steem Uptrend Gains Momentum, Aiming HigherSTEEMBTC (Steem) just produced a higher high (HH) while gaining bullish momentum.
The chart for Steem looks really good and allows for additional growth.
A new uptrend has been confirmed with bullish indicators:
We have a bullish cross of EMA50 and EMA100.
The RSI continues strong while aiming higher.
The MACD is bullish while trending up.
Good trading volume.
These are just a few of the signals that the STEEMBTC chart is showing... Here you can read more:
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Namaste.
STEEM. A major player is gaining a large position of coins.STEEM / BTC accumulation channel exists for 4.5 months. A huge position is being recruited by a major market player. On the chart we see 3 zones of huge volume. We see long shadows. This means that someone bought in the market the lower sell orders that have accumulated. Then the price was lowered back down so as not to make a false start to growth.
Target. There are two options for trading this coin at the moment:
1) The first option . Trade in the accumulation channel in increments of 30-40%.
2) The second option. Entrance during a breakthrough or rollback after a breakthrough of the accumulation channel.
The first target + 50% -100% This is only the beginning of the movement if the trend changes from sideways to upward.
The potential is more than + 3000%. The coin has fallen in price from the last peak more than 40 times! And these were not peak prices at all for the history of trading.
Stop loss
Under key support levels during your entry into the market.
STEEM/BTC BINANCE T.AI just identified a good setup on the STEEM/BTC trading pair on binance on the 1D-TF
REASONS FOR THE TRADE
1.Breakout of Accumulation zone around(1518sats-1811sats)
2.Previous resistance around (1783sats- 1874sats) turned to support
3.A good entry will be around (1890sats-1900sats)
4.I will take shorterm profits around (2085sats) 10% profit in sight
5.I will exit trade if price goes below (1765sats)
6.MACD is in a good buy zone
Share your thoughts below
STEEM/BTC, Bullish shark, 4 hr MAs, 0.786 fibBullish shark can extend to the 1.13 or .886 but I beleive it will stop at the 0.886 due to the confluence of 50, 100, 200 MA on the 4 hour being in the same range and that point also being the 0.786 retracement for the current swing's low and high.
I AM NOT A FINANCIAL ADVISOR, DO YOUR OWN RESEARCH.
STEEM. A major player is gaining a large position of coins.STEEM / BTC accumulation channel exists for 5 months. A huge position is being recruited by a major market player. On the chart we see 3 zones of huge volume . We see long shadows. This means that someone bought in the market the lower sell orders that have accumulated. Then the price was lowered back down so as not to make a false start to growth.
Target.
There are two options for trading this coin at the moment:
1) The first option . Trade in the accumulation channel in increments of 30-40%.
2) The second option. Entrance during a breakthrough or rollback after a breakthrough of the accumulation channel.
The first target + 50% -100% This is only the beginning of the movement if the trend changes from sideways to upward.
The potential is more than + 3000%. The coin has fallen in price from the last peak more than 40 times! And these were not peak prices at all for the history of trading.
Stop loss
Under key support levels during your entry into the market.
STEEM/BTC TA Update (Big Pump?)STEEM/BTC
STEEM pump over 50% swing high and pierced through 200D MA dynamic resistance.
The RSI hits overbought extreme conditions, we might see some pullback to key support areas between 2000 - 1700 sats.
Don't rush into trade, wait for the best pullback to avoid getting rekt by the whales.
LONG - STEEM- Trading Opportunity1d consolidation looking strong, we think that this could be the last retest before retesting the upper range.
Entry: 0.00001780
TP 1: 0.00001960
TP 2: 0.00002075
TP 3: 0.00001780
SL: 0.00001676
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