STEEMBTC trade ideas
$STEEM Found support at ~4.4k sats after a long drop...$STEEM Found support at ~4.4k sats after a long drop (60%+ since UCTS signal)
UCTS Flashing a buy signal on the 1D chart
Volume building up
Descending trendline (FW) was broke some days ago.
Its looking kinda ready for a some movements following the rest of the market
#STEEM
STEEM/BTC find it's support Aside from BTC price effect.. steem/btc is doing good recently. find it's low support around 4k satoshi and i expect it will consolidate between 0.236 (4359 satoshi) and 0.786 ( 5122satoshi) for awhile before it will start it's bullish movement after it breach 200 EMA around 5800.
MACD so far doing great in daily chart
although in 4 hour chart sighted a bearish divergence between price and MACD
short term i expect a pull back and its possible consolidate a while before it will start the impulse movement to upside starting by breaching 200 EMA (5800satoshi) in 4 hour timeframe.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
SoT 2.0 Chartoff May, Week 4STEEM is up for the final week.
Let's hope I can close this months chart-off with some profit at least ;) 0/3 so far.
Not much to say. STEEM is testing a daily downtrend and a 4 hour downtrend and looks like it will succeed with the next attempt.
It has tested a daily level and a 4 hour level already so the next 4 hourly level will be our target.
Enter on the hourly level of 479 which is the level we need to hold and also the price where the current uptrend will be at.
(I know we can't draw the uptrend to a candle that hasn't finished yet but I think we will either see this be the next uptrend and continuing of the move up or we will see it fail if it loses the 479).
Exit a little bit before the first untested 4 hourly level of 567.
Stoploss at 470.
EDIT: actually misplaced my profit target.
The green part of the box shows it at 567 but I will exit at 565.
Steem/Bitcoin (16 May) #STEEM $STEEM #BTC $BTCSTEEM has increased and touched the strong resistance, I don't think we should wait for the magic to come. Because there is one BIG magic is showing the possibility of losing 50% of value in a short time
The expected buyzone will be 250sts and this will be a safe price range for us to hold long-term
After touching this zone, STEEM will increase quickly again and the expected target is 650sts
Stoploss if price is lower than 230sts
Steem/BTC into the Unknown TerritoriesUpdate from my previous steem/btc chart regarding the giant descending triangle pattern.. look like it broke the support and the price keep going down.
price below the EMAs line
parabolic sar in bearish trend
Indicators
CMF is in bearish zone
macd is interestingly show a low volume despite the price is drop and a clear bullish divergence is sighted
rsi is bearish zone and oversold in history in steem/btc price in poloniex atleast
i really dont know when it's going support going to be as i cant measure the support using the top of descending triangle as the price will be below 0 satoshi and since this is a low capital coin ( $ 100,348,809 at the time i write this) can easily being moved whether it's going up or down..
When the price does break above 7000 satoshi -which will be a resistance since the price action already broke it- that will be a good sign for upside momentum.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
NOT MUCH LEFT FOR STEEM! MORE THAN %400 HUGE RUNEverything on the chart. I also expect %10-20 increases from retracement from 0.786 but my main rebound point is 0.886. And also I share similiar graph with STRATBTC . Please also check it. There is same variation. If there is anything you wonder, please ask them below
Analysis on STEEM/BTC and price objectives Can you see the clear inverse correlation between BITTREX:STEEMBTC BINANCE:STEEMBTC and BTC Dominance?
** Not at all calling this a STEEM/BTC bottom, but the chart itself is fascinating. Some main points:
1) Sitting on support @ 2 year ATL - bust these lows and we need to redraw our fibs for profit targets.
2) Confirmed bullish momentum/volume divergence not shown on this chart, but present within OBV and MACD.
3) BTC Dominance not looking toppy which makes our bull case for STEEM/BTC unlikely at this point in time.
4) 50% retracements make for conservative and reliable price targets. Thank you Mr. Gann.
5) Majority of alts looks similar. Ran TA on STEEM because of the interesting low we're testing atm.
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Using Fibs and basic indicator for STEEM/BTC After it break the channel from 9k satoshi,
followed by latest Fibonnaci Spiral. acting as a potential support and upcoming resistance.
So far it's pretty bearish movement for Steem/BTC with Fibonacci resistance fan after being rejected by 200 EMA but looking at Indicator such as RSI, Stochastic RSI and Macd seems give me a signal that it's a good time to accumulate.. notice a small buy momentum begin to appear in Macd and lower level of RSI also Stochastic RSI.
will it hold 8k satoshi line or fall further toward 7k satoshi? who know what might happen especially if the crypto that didnt have big liquidity as top 10 cryptos anything could happen, especially during btc dominance is rising could affect most of alt-coin , in my opinion it's a good time to accumulated toward this level.
please feel free to share what your thought/idea about Steem/BTC.
peace