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Steem Should You Buy Or Sell It All?In my last analysis I predicted a Steem price between 1.75 and 1.90 which is about where we are right now. Steem seems to be inching lower lockstep with BTC. If you do your BTC analysis you will know that we are likely going to fall further before we move any higher (around $1000). Full disclosure I hold both Steem and Steem Dollars. The goal of most alt coin holders is to gain more BTC. That is unlikely to happen with Steem or SBD until BTC has corrected course. I wouldnt be surprised to see Steem hit 1.25 or lower while BTC continues to slide. If you are timing the market to buy Steem at a discount - we still have quite a bit of pressure to move downward - I wouldnt buy for anything less than 1.50 or more likely 1.25. If your in the Steem and looking to make a move - you might want to get your position to cash and wait for the inevitable downturn - before the market goes bull again.
POLONIEX:STEEMUSD
by rgeddes
4
Steem Moving Up But Be CarefulSteem is moving up after hitting some lows. Most of this has to do with BTC dropping more than some inherit problem with Steem. The challenge in trading alt coins like Steem is you have to keep an eye on the BTC chart as well. BTC has gone up a bit in weekend trading an so has Steem. If BTC continues to move up - you can count on Steem to move up - but it will likely be temporary if BTC correct again (which is likely). If you are sitting on some Steem and are looking for an opportunity to make more - i've set my target on the chart. A re-entry point would be somewhere below $2 as BTC does another dip. I'm a believer in Steem - it should be a $10 coin when the market picks up again. In the meantime the volume is very low - but opportunities to get in low and get out a little higher still exist. Stack That Steem!
POLONIEX:STEEMUSD
by rgeddes
1
Buy And Sell Calls For Steem/BTCSteem is a currency that can fluctuate wildly. From a TA perspective its been fairly predictable since the large price swing we saw previously. Heres how to play it. If you are in the money and waiting - keep waiting - until about 0.00023000 - it may dip a bit lower than this but this is a could place to setup tent. The first target sale could take place at 0.0002600 or possibly higher. This is my own analysis using techniques that have been consistent for me. These idea are not financial advice - do your own research before investing!
by rgeddes
FULL $STEEM AHEAD!!! Weekly Looking at our highest timeframe we see price has bounced off our support zone 30000. Stochastic RSI showing momentum is heading towards the upside. Higher low has been formed, however we have failed to form a higher high. Price has pierced our ascending triangle, expecting a weekly close above 41000 within in the next week. Daily Shifting to our pattern timeframe we see price bouncing off our major support zone 30000, and respecting our uptrend. We have closed above our minor resistance level @ 37000, trade active. Stochastic RSI showing momentum is heading towards the upside. Next entry daily close above 41000 satoshis Conclusion * Buy: After daily close above 41000 * Sell: NO NO NO
Long
by UnknownUnicorn2434649
#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.
S
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
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