Dragonfly dojia "dragonfly" doji depicts a day on which prices opened
at a high, sold off, and then returned to the opening price. In
my experience, dragonflies are fairly infrequent. When they do
occur, however, they often resolve bullishly (provided the stock
is not already overbought as shown by Bollinger bands and
indicators such as stochastics). Here's an example of a
dragonfly doji:
When assessing a doji, always take careful notice of where the
doji occurs. If the security you're examining is still in the early
stages of an uptrend or downtrend, then it is unlikely that the
doji will mark a top. If you notice a short-term bullish moving
average crossover, such as the four-day moving average
heading above the nine-day, then it is likely that the doji marks
a pause, and not a peak. Similarly, if the doji occurs in the
middle of a Bollinger band, then it is likely to signify a pause
rather than a reversal of the trend.
As significant as the doji is, one should not take action on the
doji alone. Always wait for the next candlestick to take trading
action. That does not necessarily mean, however, that you
need to wait the entire next day. A large gap down, after a doji
that climaxed a sustained uptrend, should normally provide a
safe shorting opportunity. The best entry time for a short trade
would be early in the day after the doji.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Steem (Cryptocurrency)
STEEM BY DANIEL BRUNO, CHARTERED MARKET TECHNICIANSTEEM IS ONE OF THE MOST ROBUST ALTCOINS BUT ITS FLAILING IN THE CRYPTO ROUT
RETRACING ENTIRE UPMOVE FROM LATE DECEMBER, JUST LIKE ANY OTHER CRYPTO
SIMILAR PATTERN TO OTHER CRYPTOS, INSPIRED BY BTC DAYS LATER, THEN COLLAPSES IN HARMONY WITH IT
FAILED AT 8X1 OF THE 12-31 BREAKOUT
FAILED AT 4X1 OF 11-29-17 RISE
FORMING A COIL THAT WILL PRODUCE ANOTHER BIG MOVE UP WHEN BTC STOPS FALLING
DANIEL BRUNO, CMT
STEEM Possible ABCDE Triangle EndingI wanted to point out that there is another ABCDE Triangle formation that may still be valid for STEEM and the others i've covered such as EOS. These types are common in Crypto markets. But if BTC really falls off a cliff, then the alternate (IN YELLOW) is in play and we have a slow grind to new lows and probably a few months of sideways ups and downs until the markets begin to wake up again
STEEM/BTC(Volume Analysis Prediction 2/9/2018)The coin is stronger than other coins on market now(Up trend).
If we break up consolidation, we can see continue of grow.
A triangle is now forming(D1)
STEEM/BTC(Volume Analysis Prediction 2/9/2018)The coin is stronger than other coins on market now(Up trend).
If we break up consolidation, we can see continue of grow.
A triangle is now forming(D1)
STEEM 65.26% potential gains in 21 daysFibonacci retracement level .236 lines right up with the prior support before the crash it had. Don't dump your STEEM rewards save them because look at the white arrow on the MACD... Is that possibly a sign of reversal?
March 3rd, SteemBTC, LongI can't say how far it should go up because of this divergence, but the first Fib retracement level would be a safe bet. It's an easy 25% profit.
Enjoy.
Peyman.
Steem Triangle May Be CompleteUnless BTC decides to go sideways for a few months or weeks, to me this could go at any time
Short term Analysis [4 hr tf] for SteemBTCSteem appears to be in a primary wave C position that is the last leg in an expanded flat Elliott Wave Structure.
The long term trendline for Steem is also shown (in blue). A Daily candle close below the trendline can help to further accelerate the sell off in STEEM.
POI= Point of invalidation which would make this trade set up invalid.
The current setup provides a risk/reward ratio of ~4:1.
The target (also marked on the chart) is calculated based on wC = 138.2%wA, which is an acceptable projection for the wC of an expanded flat
Waves awaiting completion are also shown on the chart
STEEMBTC Trend reversalTaking into account all technical indicators and fundamental basis we conclude that the price should dip a bit more closer to the Fib 0.618 support level. Then there should be a trend reversal and a good short and mid term growth. Overall global correction of STEEM price is about to finish.
Steem , A buy opportunity in STEEMUSD is near. Be ready!!Technical analysis:
.STEEM/DOLLAR is in a range bound and beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 46.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (3.6475 to 2.6432) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (3.6475)
Ending of entry zone (2.6432)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 4.7985
TP2= @ 6.7261
TP3= @ 9.2557
TP4= Free
pullback steem on Marchi take short opportunity to buy steem before it pullback on march
either it will drop to the current support level or not.
that is the best place to buy steem
Steem is in a strong downtrendSteemit has lost more than 30% since the end of January. Steem price has breached the 20-Day and 50-Day EMA support line after several attempts indicating that the support is weak. And as can be seen in the chart, the coin is forming a descending triangle which is a bearish continuation pattern. Even, moving average convergence divergence has turned bearish. However, as can be seen in the Steemit technical chart, the price is currently enjoying support from 100-day EMA. If the price breaches the 100-day EMA support line, it could go much lower.
Steem Dollar next pump?with small market supply will be aasily pumped by some group.
but now we will seek for another next pump.
some miss conseption for Steem dollar is it always pegged to 1USD.
yes it is not. it is set only floor for 1 SBD. not for the roof. :P.
but this fact im not too clear. correct me if im wrong.
let's see if it really fly or sink.
STEEM DESTINY Traders,
Here we have STEEM/BTC 4H chart.
I will say one thing about this "wait for it"
hidden bullish divergence on resistance on STEEMhidden bullish divergence on resistance on STEEM, i'm bullish on this one, I hope the resistance will hold
Steem Finally Up?Steem has been corrected down since it reached $8.57 high. Price went down as low as $2.2 where it found the support, confirmed the 227.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
After rejecting the support price went up and broke above the downtrend trendline, went back and rejected it. At the moment it looks like the price is likely to continue rising although it remains unclear whether it is a long or a short time trend.
The first resistance is sen at $7.7, confirmed by two Fibonacci retracement levels, 88.6$ and 261.8% applied to the corrective wave after breaking the downtrend trendline.
PICKING UP STEEM! $17+ TARGET SOON! $35 THIS YEAR!
A quick look at STEEM shows me we are in a longer extended triangle correction with A-B-C-D-E Elliot touch points. Now, sometimes the (D) touchpoint also becomes the breakout. I am unsure of the percentage here and am hoping a comment warrior can help me out but for sake of the illustration, I'd say that maybe 60-70% of the time we will travel down to point (E), hit our touchpoint and then break up. That leaves us with 30% of the time that we don't. Point being, we are close to a breakout of our triangle here.
Now, because of the extended nature of this particular correction (RED TRIANGLE), I have cloned our purple fractal and multiplied it by two (2), an estimated length of the triangle. I have built the fractals on top of each other from an assumed touch point of (E) to reach our first shorter term target of $17, a 400%+ profit margin from our current price.
Longer term I see STEEM taking off like a rocket. I do believe that it is well within reason that STEEM reaches $35 by year end (and I think this $35 target would only be the end of wave #3 - meaning we could go higher). This would constitute a nearly %800+ profit.
If you want to place your bets on an alt coin that will be around for a while AS WELL AS one that will net huge gains, I do believe STEEM is the coin to be in.
Veering away from technical analysis here, DTUBE (a decentralized video platform built on the STEEM technology) has recently picked up many major YouTuber's and this transition is about to avalanche with the Google Ad issues that we have been seeing in news stories recently. This will only serve to propel STEEM into newer territory and token highs.
Brace yourselves, STEEM IS PICKING UP. The STEEM propelled rocket will be launching soon.
Happy trading friends.
STEEM IS MAKING MOVES - DOUBLE UP ON PRICE BY MARCH 7-15 2018
Color Chart
Short Term Channel: Cyan (solid line)
Long Term Channel: Blue (dashed line)
Fib Trend Line: Magenta (dashed line)
EMA55: Yellow (solid line)
Short Term Resistance Line: Green (dotted line)
Long Term Resistance Line: Gold (dotted line)
Lowest Point of Correction: 78.6% FIBONACCI RETRACEMENT = $2.63
Targets
Sell Target #1: $6.72
Sell Target #2: $10.00
Indicators
RSI: Uptrend @ 50.03
EMA55: $4.23
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
About STEEM
Steem is a blockchain database that supports community building and social interaction
with cryptocurrency rewards. Steem combines concepts from social media with lessons
learned from building cryptocurrencies and their communities. An important key to
inspiring participation in any community, currency or free market economy is a fair
accounting system that consistently reflects each person's contribution. Steem is the first
cryptocurrency that attempts to accurately and transparently reward an unbounded
number of individuals who make subjective contributions to its community.
Steem Whitepaper: steem.io
Valentines Day Massacre? BTC LTC ETH STEEMThere is always opportunity whether price goes up or down. Right now the opportunity might be to run!!!
~Bearish Weekly MacD's across the board. Bitcoin especially is looking at dual crossovers on the Moving Averages.
~Bitcoin targets are $5000, then $4020, then $2400. If I'm wrong, and I hope I'm wrong, then Bitcoin could bull run to the $1150s.
~Litecoin is the only one on the run as of now. Expecting Profit Taking Now or at $240.
~Ethereum has support waiting just below $700. But if it breaks below $600 we could go as low as $474ish. If we crazy bull run then to $1120.
~Steem could go either way. I'm expecting a drop to $2.50. But I want a run to $6.25.
Current Prices
BTC . $8990
LTC . $195
ETH . $882
STEEM . $4.25
What do yo think? What indicators do you use? How do you forecast and follow price besides relying on blind hope. Hope is not a strategy, but faith in your preparation goes a long way. How are you preparing for a possible Bloody Valentines Day Massacre?
