STEEM / BitcoinLong
STEEM Train 39000 To 50000 and Beyond!
Daily
Looking at our highest timeframe we see price bouncing off our trendline and minor horizontal support. Price currently trying to find support above our previous higher high. Stochastic RSI showing momentum has bottomed out.
4Hour
Shifting over to our pattern timeframe we get a better look at price bouncing off support. Stochastic RSI showing momentum is bullish. Last time BTC was in a correction STEEM was bullish, expecting price to behave the same. A 4hour close above 39000 sats activates our trade. 2nd entry after 4hour close above 42000 sats
Hourly
Finally looking over at our trigger timeframe we see our minor resistance & support levels. An hourly close above red activates our trade, a close below blue and we wait for a 4hour confirmation of support before taking an entry. Price has broke short term downtrend and taste for support. Stochastic RSI showing short term bearish momentum.
Conclusion
Buy: After break and close above 39000 sats
Sell: NOOOO
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