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Steem (Cryptocurrency)

STEEM: NEW DEVELOPMENTS = 42.20% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018. Using this buy in point and selling at today's price, you would have expected to net 42.20% 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 and Youtube were losing creators to blockchain powered social networks like Steemit and Dtube. Steemit has become an open competitor to Facebook 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. (NEW) April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume. An increase is trading volume is driven by Korean Exchange Upbit accounting for 65.79% (up from 59.52% a couple of day earlier) of all exchange volume . Furthermore, positive hype around Steemit as a possible competitor to Facebook (in light of privacy breaches) is likely to have triggered a surge in price for STEEM.
by CryptoTradeSignals
STEEMBTC - Appears to be on Wave C of corrective phase.Steem BTC had a heck of a run from 0.0002 on April 1st, peaking around 0.000497 April 25th. Glad I had the good fortune to ride most of wave 5 to pocket a 30% return. But now it seems to be in a corrective phase. Evidence for it's corrective phase can be seen on the 1 Hour chart (less so 4 hour) as the "A wave" correction cut back into the Wave 3 height. Which had an incredible spike. Wave 5 hit roughly the 0.786 line from the peak of Wave 3, and then bounced off pretty hard and has been falling since then. If the Wave A bottom is in (I think so) then using fib tools projects a Wave C landing spot around 0.00038 (at least) before it's finished correcting. Could easily drop to 0.00034 or even lower. Now it's possible that waves ABC are already in (look at 15 min chart to see a questionable ABC pattern on the way down) to form a zig-zag, but it also seems clear from the slowly ascending pattern forming right now that it's not your typical impulse wave. So I'm guessing that IF the ABC zig zag is in, we're having a double ABC in the form of a zig zag and then some kind of ascending flat following it. Give then the 5 wave impulse up took 3 weeks to form, it seems likely that a corrective pattern could take as long as 2 weeks to play out. This one looks super juicy though, as it's 1st "Major" impulse wave up increase it's value by nearly 150%, so the next impulse wave up should be quite exciting. I'm of the opinion however it needs at least a few days to cool off before it makes another major push up. Could be wrong though!
Short
by RobinG
STEEM: BULL RUN LESS THAN 24 HOURS = 22.90% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 25th of April 2018. Using this buy in point and selling at today's price, you would have expected to net 22.90% PROFIT!!! IN LESS THAN 24 HOURS!!! The increase in price may also be explained by positive developments including: 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 was losing creators to blockchain powered social networks like Steemit. 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. An increase is trading volume is driven by Korean Exchange Upbit accounting for 59.52% of all exchange volume. Furthermore, positive hype around Steemit as a possible competitor to Facebook (in light of privacy breaches) is likely to have triggered a surge in price for STEEM.
by CryptoTradeSignals
2
#BITCOIN #BITCOINPRICE #STEEM #TRADING-STEEM (STEEM) STEEM HAS BEEN SHOWING UPS AND DOWNS SINCE THE FOUND BOTTOM AT 5769 Sats. THE PRICE WAS TRAP INSIDE THE TRIANGLE ON A BEAR MARKET. WHEN IT WAS BROKEN, THE PRICE CHANGED THE DIRECTION TILL THE RESISTANCE AT 64923 Sats AND THEN WENT DOWN TO SUPPORT AT 19074 Sats. AGAIN WE HAVE THE PRICE INSIDE A TRIANGLE, A NEW ONE, SO WE HAVE TO FOLLOW THE PATH. IF IT BREAKS RESISTANCE AT 64923 Sats, WE CAN GET TO 101222 Sats. STOP LOSS UNDER SUPPORT 19074 Sats.
Long
by FritzWagner
STEEM vs BTC - STEEM Runnning out of Steam? Ok, lets have a quick look at STEEM vs Bitcoin on the daily chart. Back on the 11th of April we finally broke out of the long term down trend channel! The EMA 12 crossed over the EMA 26 in a bullish reversal fashion around the same time, and since then we have formed a smaller uptrend channel which we are currently trading within. Over the last few days we have tested how much support the EMA 12 would provide us. Although we did pierce through it on the 22nd and 23rd though it has since held, albeit support is only just holding currently. As you can see we are also currently testing the resistance of the 23.6% Fib which has thus far provided some tough resistance. So it’s possible that we will break out to the down side of the smaller dotted uptrend channel, which could result in a move further downwards to perhaps test the support of 23.6% fib level. (Note: there is also the possibility of a small descending triangle forming which is not completed so I have not added it in, though it is on my mind. The next few days will give us confirmation). In addition it's worth mentioning there is very low volume currently, so unless volume builds and quick, then we are unlikely to break through the 23.6% and continue the uptrend. The MACD is sitting fairly neutral, with (thought there is not much momentum so this could change quickly!), and Aroon Up is started to trend downwards – both suggesting indecisiveness. At time of writing we have a falling three methods candlestick pattern emerging on the half hour chart, hinting at the possibility of a break to the downside of the uptrend channel, though this is only an emerging pattern and has not actually completed yet. In terms of trading I am waiting to see whether the uptrend channel holds. Provided it does hold and we can break through the 38.2% fib (we need to see an increase in volume to get us there), there is not a lot of resistance until the 61.8% fib. On confirmation of breakout is where I will be executing my buy order, with a sell just short of the 61.8% fib. If the channel doesn’t hold, then I can see a drop to re-test the 23.6% fib which would be an excellent buy zone. For now we wait and within the next 2-3 days we will have a clearer picture of how this plays out and whether I go long or short in the short term. Cheers!
by Corrupt_Economy
STEEM, PROFIT OPPORTUNITY (SHORT TERM-36 %)!STEEM is on a breakout, possible profit if to follow the upward trend.The coin just finished wave 4 and is looking to get back on the upward trend, wave 5 is expected to come shortly, target for wave 5 is 0.0005 BTC. Other indicators which tell us to buy now is: -Stoch RSI shows oversold and is looking to go back up again -MACD shows close STEEM has proved itself before when the market was on a bull run, same story is trying to take place. However in my opinion wave 5, consists of 5 smaller waves which are shown using scattered lines. Buy-in price: 0.00033-0.00038 BTC Targets: 1. 0.0005 BTC 2.0.0006 BTC STOP-LOSS:0.00031
by farhadjafarov7
STEEMUSD Near Future ForecastNote: this is an abbreviated version of my analysis on Steemit: steemit.com Observations Waves 1 through 4 of both impulses fell below the 0.768 levels of their respective Fib retrace Waves 5 fell in the 0.768 – 0.618 region Waves 5 were repelled by the top of the channel Both corrections started with the top of the triangle around wave 5 of the prior impulse and the bottom between waves 3 and 4 Waves A, B, and C all fell below the 0.768 level Projections The C wave of the current correction will pierce the bottom of the triangle around April 27 Price will rebound from the bottom of the channel around May 13 Price will continue to be trapped in the triangle until around May 17 – 18 Waves 3, 4, and 5 of a third impulse will respectively touch the 0.5, 0.768, and 0 levels of the second Fib retrace around June 1, June 29, and August 20 – 21 Wave 5 will touch the top of the channel again around August 20 – 21 Confirmation The MACD is currently in good form. We could see the histogram briefly turn negative, so long as it stays in the wedge (white trendlines), which could correspond to the move below resistance at the end of wave C, but we’d like to see a bullish divergence in the form of continued upward movement from the trend lines as confirmation and a quick recovery. The Stochastic RSI is currently heading further into overbought territory, so a downturn could be impending, confirming the the C wave down. Please keep in mind that these are only approximate projections based on historical patterns, that what’s past is prologue, and that these forecasts will hold true until they don’t, at which point they will evolve with market conditions. Make sure to follow me on Twitter at twitter.com/TheGaloisCxn or StockTwits at stocktwits.com/galoisconnection . If you found this analysis insightful, please consider helping to support my work as an independent analyst by donating to one of the addresses below, using my referral link to sign up for your own Universal Basic Income on Mannabase at mannabase.com/?ref=b4aba8dc22 , or by upvoting and sharing my work on Steemit at steemit.com/@galoisconnection . BTC: 1FmczGKN4h3gaaGV6srqEThNQucnyD31zN BCH: qzryuezy63ga4wc7kk0qmj7ce4cespcq2udezx52ag ETH: 0x94C4aBD95f1e33a9e553B7EA3147257dA797bF42 LTC: MSRPU5PvY3TyDFb86CNyp8VVMsddfNTBc4 Disclaimer The above analysis is based on reasoned conjecture and opinion, and is intended solely for educational or informational purposes. It is not intended to be, does not constitute, and should not be construed as a recommendation to buy or sell any security or instrument, or to participate in any transaction or trading activity. Seek a duly licensed professional for investment advice. The above is derived from information believed to be reliable; however, we make no representations as to the accuracy, completeness, suitability, or validity of any information provided. We accept no liability for any errors, omissions, losses, injuries, or damages arising from its display or use. All information is provided as is, with no warranties, and confers no rights.
SLong
by galoisconnection