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Steem (Cryptocurrency)

#Steem finding support around 50fib region. #steembtc Steem seems to be in an ascending channel , facing resistance at the 20DMA level at 36.8k sats after bouncing off the 61.8fib support at 31.7k sats, currently its being supported by the 35k sat region which is the 50fib level of the move X-A and also 23.6fib of the B leg . If #steembtc manages to break above the 20 DMA and subsequently the important resistance level at 39-40k sat region, then we can expect it to rally to 42.5-43k sats, before we see some correction.
by rajista
STEEM Analysis [UPDATE 21-05-2018]Scenario casting two possible moves for STEEMUSD. Currently forming a nice break out pattern with a smaller breakout pattern formed at the top of trend line. This further squeezing is normally is a very bullish indicator of an impending breakout to the upside. However, it appears that there is no buying momentum to break out now, which will more than likely result in a spill further down. Should this be the case, we can expect consolidation near the key $3 level. There is a head and shoulders pattern that isn't the clearest, but on completion would target $1.50. At this stage, the bearish scenario looks more probable and provides the greater risk/reward should you decide to trade. On the flipside, should STEEMUSD break out to the upside, we can expect a re-test of the $4 area. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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by hedgewithcrypto
STEEM (STEEM) Trade Analysis by Alan Masters (280% Potential)STEEM is a great token, which has a working product and great team behind it. STEEM is also one of the top 50 Altcoins by market cap., so it does pretty good volume on a daily basis. Let's take a look at STEEM, by popular request, and see how we can make easy money off it. This will be a simple trade; we buy and we hold, we get paid after we wait... Let's get started! STEEM (STEEMBTC) Trade Analysis by Alan Masters CHARTS, SIGNALS & INDICATORS STEEM did its first wave after bouncing from bottom on mid March and reached up to 250% of its bottomed out price. Now STEEM has retraced nicely, it found support and is getting ready for another ride. We want to position ourselves by opening a position now, so that we can profit on the way up and sell a portion of our tokens each time we hit one of our targets. We later use these profits to buy back lower in preparation for another run, or we keep it for new trades or withdrawal depending on your own personal choice. STEEM is a very strong project. You can buy and hold this coin long term, so this is a safe trade because it will grow as the market grows regardless of the short term view perspective and price swings. Let's get into the details right away... TRADE INSTRUCTIONS Buy in: 0.00031 - 0.00038 STEEM Targets by Alan Masters: (1) 0.00040 (2) 0.00045 (3) 0.00056 (4) 0.00071 (5) 0.00084 (6) 0.00099 (7) 0.00142 Stop loss: 0.00029 Note: If you use this stop loss, please have a plan. The plan can be to buy back in lower. If the stop loss gets activated you can look for 0.00023 - 0.00028 as your new buy in range... Here comes the message for the day... I LOVE MY SUPPORTERS w/ THE MONEY FLOW Doing what I do, is really interesting. My work gets you lots of attention, people get to "hear" your voice. I LOVE MY SUPPORTERS. I love the fact that I get the feeling that I am being protected by the people that I work for. I get lots of great messages full of love and compassion. They tell me and ask me about spirituality, about personal solutions, development and growth. I also highly appreciate the support that I receive in the form of MONEY from YOU all. Money is really important. Money is energy; the more energy you have, the more money you can enjoy. So if you want to receive money, accept money and experience money like never before. You have to use a simple strategy, THE MONEY has to move... It is all about the FLOW. Money that comes in, is money that is ready to go. As soon as you receive the money move it!, because money is energy, and energy is needed by all of us. So if you want to increase your holdings of money and experience the freedom that money can afford. You just have to remain happy, and when you the receive money... YOU JUST LET THE MONEY FLOW! Namaste.
Long
by AlanSantana
25
STEEM: Smart Media Tokens? = 20.88% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018 . Using this buy in point and selling at today's price, you would have expected to net 20.88% PROFIT!!! The increase in price may also be explained by positive developments including: January 1-30: Steemit announces partnership with Datawallet allows creators on the Steemit platform to monetise their content. February 2: STEEM is listed on Binance. February 18: Steem AppBase release candidate is released. April 10: Positive Article was released by Businessweek which stated that Facebook -0.59% and Youtube were losing creators to blockchain powered social networks like Steemit and Dtube. Steemit has become an open competitor to Facebook -0.59% a ($462.38 Billion company). This has article has provided mainstream exposure to Steemit. April 26: Positive Article from Forbes which covers the rise of blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit. April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume . (NEW) May 18: The CEO of Steemit announces the development of Smart Media Tokens (SMT) and the Smart Media Token Protocol. The SMT protocol aims to allow for new features on the steemit platform including: 1. Initial Coin Offerings 2. Monetization The surge in price of Steemit is believed to be driven by the announcement of the development of the Smart Media Token Protocol and general recovery of prices in the cryptocurrency markets. **The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
by CryptoTradeSignals
1
STEEM/BTC (STEEM token) Cycles, Tigers & Bear$ Oh My!STEEM/BTC (STEEM token) 720 minute/12 hour semi log scale, candlestick wicks removed for wave clarity. 05/17/18, 9:00 PM EST, by Michael Mansfield. Hi trader friends! Looks like we have more sell offs with this token, if these cycles are correct. Steem is a token from the blockchain enabled social media site, SteemIt.com, which, is kind of like a cross between Facebook & Medium, add YouTube (via Dtube) and you have a winner. Check out our page there, but not right now. ELLIOTT WAVES & PATTERNS: The most likely pattern appears to be larger ABC or ABCDE contracting wedge pattern, that should be heading lower now, in line with the cycles shown at the top of the chart. I’ve used the shorter ABC Elliott Wave corrective pattern for now. However, if STEEM breaks any of the black horizontal breakout lines up or down, or the GANN 1:1 diagonal resistance line up, or the upper or lower blue wedge diagonal trend-lines, then a new trend trust in the direction of the breakout/breakdown is very likely underway. If a breakout looks imminent, I'll try to do a new post for that potential event or update this post with a new forecast. THE DOWN KEY: The dashed horizontal blue line just below yesterday’s low must be breached for this down wave pattern to continue as forecasted, else, it could be full "Steem" ahead. CYCLES: Blue cycle = general trend momentum thus far. Green cycle aligned with the 3 major prior lows. Red cycle tends to catch intermediate highs. There is definitely longer and smaller cycles than shown, but the data history is too limited to determine the larger cycles at this time. Currently, these three cycles are heading down. Thus, the path of less resistance and the highest probability is lower prices until mid August (10-13th ), when the green cycle is due to bottom, or late September (26th exact date), around the time the longer-term blue cycle is due to trough. SHORT ACTION: Look for short opportunities now, or wait for buy opportunities around the expected cycle low dates in August or September, mention above. TRADER TIPS: Cycles are about potential energy shifts, not always the direction of a perfect sine-wave. Sometimes cycles invert, called a cycle inversion or flip flop, whereby an originally expected cycle top turns out to be a cycle low. This occurs more with short-term cycles, than longer-term ones. Sometimes cycles are amazingly accurate, but don't use them alone. They yet are another confirmation and planning tool to tilt the odds in a trader’s favor. Case in point: Years ago when I was a commodity broker, (can’t tell you when, but before I became a CTA), gold and silver had an almost perfect 7 week cycle, low to low. They both went up 4 weeks, then down 3 weeks. This went on for around 9 months. I was able to exit virtually all of my many clients out of the metals market at a 2-3 day double/triple top on the days surrounding the 4 week high. This particular "time & price area" occured after 5 Waves up in Elliott Wave terms, it was also around the time for a seasonal top for gold, and gold hit a Gann or Andrews line and held. After selling out everyone that would listen to me, which was 90%+ of my clients, guess what happened. Gold and silver then crashed 30%! How long did the crash take? You guessed it, three weeks! The 3 week cycle low came right on time! After that, the cycles changed and were less consistent, so I moved on to other markets. THREE MORE CYCLE TIPS: Gold has a very consistent cycle of 8 to 8.6 years, top to top. Commodities tend to have more consistent cycle highs than lows. Many digital assets (cryptos) trade more like commodities and currencies, than stocks, but have been far more volatility. Still, tops often seem more consistent than lows for many tokens, but not with all tokens. DISCLOSURE:  This analysis is meant for educational purposes only. You trade at your own risk!  Cheers! Michael Mansfield CIO 
Short
by UnknownUnicorn1613901
Steem possible cup & handle formationHello all, after 2 weeks of holidays in back in the crypto world! Steem is showing a possible cup&handle formation, An healthy retracement followed the strong uptrend happened in during April, in this scenario the impulsive 5 waves and ABC correction are clearly visible. On the daily chart supports match well with the fibonacci retracement, the price actually sit on a 4hr support and seems to consolidate but could briefly touch the next stronger support around 3500sat, could also be the end of C leg and the 0.618fib On the H4 timeline the falling wedge is squeezing but is also visible a small hidden bearish RSI divergence, this could shortly lead right in the daily support I mentioned before. Next hours should tell us more information, watch out the price for a possible reversal signal!
Long
by Horrorcoder
STEEMBTC - Entering possible buy-in zoneSTEEMBTC is a pretty great coin because when it moves, boy does it move. Managed to pull in two 20% trades in the last 2 weeks! It had a clear 5 wave structure complete on April 27th peaking at 0.000504, and has been undergoing a clear ABC wave down, currently sitting at 0.000386. I marked off the area where I think it will finish it's correction based on ratios of 1-1 ratios of A-C, and it's already had a dip into that area earlier today. There was a big spike in volume that coincided with that time, so I think that may have been our capitulation benchmark. RSI, MacD and Stochastics all show the potential for this to go a bit lower (no clear bullish divergence anywhere that I can spot), so I don't think it's totally done correcting - but I think it will be soon. It likely won't get any lower than 0.000346, but you never know sometimes. It may not even get that far, preferring to stay around the 0.000367 area. If it hits that point and starts going up, we likely just saw a double bottom. Anyways, watch this one closely because when it decides to go up, I think we could see some really huge gains. Over the month of april it went from a low of 0.0002 to a high of 0.0005. So the next wave is likely to take it to as high as 0.00084 ~ (0.0005-0.0002)x1.618 + 0.00036. Good luck!
by RobinG
Trading Scenario STEEM-USD (28 November 2016 - 26 June 2017)Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading STEEM-USD from 28 November 2016 to 26 June 2017, on the Weekly Chart. In this trading scenario, on 28 November 2016 we got a Buy (Entry) signal from my Trading System and we opened the transaction with only 20% of our investment capital. Entry price $0.21 On 26 June 2017 we got the Sell (Close) signal from the Trading System and we closed the transaction with profit. Closing price $1.61 PROFIT: 663% About my Crypto Trading System. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable transaction. The trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals. My goal, making a nice profit percentage at the end of each year, for a solid long term growth of the invested capital. I wish all of you, the best trades, and very green profits! Peace and Love Global Crypto Trader ----------------------- DISCLAIMER I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
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by Tech-Investor
Is there any incoming breakout on STEEM?I have been observing STEEM/BTC for a few days, the candles shows interesting findings. First of all, sorry for the messy chart. Horizontal cyan lines are actually support/resistance levels which I draw one by one in 1hr and 4hr timeframe. I find it comfortable to know where the candles might halt or retrace in the future down to whichever price levels I must anticipate, whether it is minor or major support/resistance line. Drawing resistance/support lines also make me avoid overfitting the data and may lead to misleading projection. After reversing its trend to bull rally in early April, STEEM continues making its price spike several times due to of course speculative actions. Bullish rally can be identified by yellow diagonal lines spanning from lower left to upper right. Line A shows the lower low trend and line B shows upper low trend. Distance between A and B means some kind of safe zone where candles that retrace into it are considered still on the trend, but if it breaks beyond line A, then I will start to worry if bull run is over. Another line which I draw is line C, D and E which are alternating diagonal lines to show the flag pattern. Right after the flag pattern ends, candles were breaking upwards just besides line C and D. Now, the interesting part is that if you notice the price of Spike 1, 2 and 3, there is a distance between them that upholds almost equally in both between spike 1 and 2 and between spike 2 and 3. By seeing multiple breakouts in multiple coins in April, I dont know if there will be another breakout in the future for STEEM, but I would say if there is one, the spike will hit resistance level at around 4330-5950 satoshi. Another thing to consider is that since I use short timeframe for this analysis (4hr), it is worth to mention about short term retractement signal which may have been found, which is the pendants as shown in green triangles. Pendants indicating approaching breakouts tend to show volume increases in the beginning and gradually decays until the tip. If you see the MFI, I am afraid that the volume is really cooling down right now as the books explained. I am no foreseer, but I would say there might be a breakout after the pendant ends. Conditions of the most recent candle (4hr timeframe): 1) Touching the support level (cyan horizontal line), well...one of them 2) Is around the base of the pendant (I would expect to retract upward at any moment) 3) Approaching the tip of the pendant 4) MFI is low (low volume) 5) RSX (RSI modified by Lazybear) shows buy signal 6) Slow EMA is about to cross faster EMA (shown below). If all slow EMA has crossed faster EMA, this would normally mean a death cross, but similar crossing action is seen just right before the breakout, so..who knows? Hope for the best!
Long
by istifajar.he
STEEM - Dual chart, USD & BTC 2018 summer roadmap [BTFD]Here we are looking at a very powerful player for 2018 & beyond STEEMIT has a huge following and great place for bloggers and content writers to share and earn crypto coins my profile here: steemit.com i highly advise signing up and start earning, a few SBD and STEEM coins can help boost your posts to get more attention and get rewarded for doing so, these are real platforms here not just some vapourware crap STEEM TA: we can see a strong baseline for STEEM and currently at a small peak before mania hits the market, has a bit more juice in than SBD and can get bigger returns with trades We can see possible future highs of 0.001 and beyond, the Gann fan and fibs should guide us nicely towards these targets personally im waiting for STEEM to come down even more before buying in again looking around 0.0003 area, but you can buy wherever u want as this is not trade adivce lol - the lower fib level will serve as support around 0.0003btc, if it breaks then i will just buy more, STEEM is certainly not running out of fuel anytime soon.... On the USD price, essential i want as cheap as possible on the BTFD tip but aiming at around $3 aggressively and under $2 for a good entry, $1.5 would be amazing and under $1 would be so cheap i think it might hurt lol happy trades! any Q's plz join our very active Telegram chat thru links below.....
POLONIEX:STEEMUSDLong
by majorlee
1
Steem Getting Ready for a Breakout.Hey, I am back with another Trade Idea , this time looking At Steem. Steem is a Coin at rank 26, that is being used to buy Steem Power on steemit. That means Steem Coin has a real usage , which just adds to Value of this Coin. Steem power is provided by the number of coins not by the value of coin, which is good for the price. Okay, that was short Fundamental, now lets take a look at Chart . On the Chart, you can see that rounding bottom pattern is forming. Steem can have trouble breaking 46,000 sat which would lead to Cup and Handle breakout Pattern. Green Line - Support, Red - Ressistance. Taking look at Indicators . MACD giving buy signal, with few buyers coming not much sellers can be seen. RSI has found its support and ressistance which is great! Currently in Extra bullish mode. Volume is Really Low compared to Februar Volume, which can lead to huge breakout. I guess thats about it, I like to keep it Simple. Hope I made your view on whats going on with Steem somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
5