STEEM Bounces | New ATL + Bullish Momentum DevelopingWe shared a chart for Steem (STEEMBTC) on the 17-Oct., right after Steem started to grow and hit multiple targets... A strong retrace followed and a new all-time low was hit:
We can see a fake breakdown as well on the chart above. Support was broken just to see the price move back above it right away... This is a bullish signal and also a signal that points to an upcoming change of trend.
So we are not only looking at hitting multiple targets and then a new low but instead a sustained period of continued growth.
Previous analysis:
The charts are always changing/evolving, what we are seeing now can be completely different in a few weeks or days.
So, remember to have a plan if you decide to trade.
This is not financial advice.
Namaste.
STEEMBTC
Steem Is Starting Another Round | 60%+Trading Steem went nice for us and we ended up with profits every time... Now I am seeing a strong bounce takes place.
Previous chart:
We can see strong volume coming up for STEEMBTC and one candle that challenged all three EMAs, 10, 50, and 100.
The pattern which led to this candle, marked in blue, is also a strong reversal pattern and a higher low compared to the 26-Oct... The signals are strong, time for Steem to move higher.
Namaste.
Gone Perfectly As Predicted, Steem Prints New Higher HighWe predicted that Steem (STEEMBTC) would hit a higher high (HH)... You can see it by clicking on the chart image below:
What happens now?
Trading volume is starting to increase and STEEMBTC is gaining momentum. We can expect this uptrend to continue to develop with this and other altcoins printing slow and steady growth. Higher highs and higher lows.
All the details (targets) are clearly marked on the chart.
Feel free to hit LIKE to show your support.
Namaste.
Steem Higher High | 75% Mapped With Fib. LevelsSTEEMBTC (Steem) just printed a higher high (HH) after challenging EMA200... Let's see what happens next!
STEEMBTC is looking up if we take into consideration the different trendlines.
Our next target is clearly marked on the chart with dotted lines.
If STEEMBTC can break 0.00002441 or EMA200, it is likely to continue up and hit a new higher high.
If prices fall below the rising trendline where EMA100 (blue) is touching now, we can see a retrace up to MA200 at 0.00001743 but we stay bullish and expect a strong bounce.
We remain bullish on STEEMBTC as long as prices are trading above 0.00001465. If prices go below this level we switch from bullish to bearish.
Namaste.
$STEEM, Crazy volume flowing in here as it flipped ~1867 sats $STEEM
Crazy volume flowing in here as it flipped ~1867 sats resistance level into support..
Making a new leg up around 15% & reaching ~2280 resistance level (UCTS Buy signal catching the entire movement)
Buying here is RISKY (for my eyes).. Wait for a potential flip of this level as new entry..
#STEEM
STTEM/BTC Channel Breakthrough. Expanding + Symmetrical TriangleThe previous trading idea for this coin yielded more than + 70% profit.
There was a breakthrough of the horizontal accumulation channel.
The price is now above the resistance of the horizontal accumulation channel.
An expanding triangle is being formed on a global scale. And now inside is forming a symmetrical triangle.
The monitoring area was shown on the chart.
TARGET
As the trend continued, I showed the levels of the target zones on the graph.
ENTRANCE
On a breakthrough or rollback after a breakthrough, if there is one, the resistance lines of a symmetrical triangle.
Stop loss
Under key support levels during your entry into the market.
The previous trading idea for this coin yielded more than + 70% profit.
STEEM. A major player is gaining a large position of coins.
+ 72% from the bottom of the channel
Steem Uptrend Gains Momentum, Aiming HigherSTEEMBTC (Steem) just produced a higher high (HH) while gaining bullish momentum.
The chart for Steem looks really good and allows for additional growth.
A new uptrend has been confirmed with bullish indicators:
We have a bullish cross of EMA50 and EMA100.
The RSI continues strong while aiming higher.
The MACD is bullish while trending up.
Good trading volume.
These are just a few of the signals that the STEEMBTC chart is showing... Here you can read more:
Feel free to hit LIKE/FOLLOW to show your support.
Namaste.
STEEM. A major player is gaining a large position of coins.STEEM / BTC accumulation channel exists for 4.5 months. A huge position is being recruited by a major market player. On the chart we see 3 zones of huge volume. We see long shadows. This means that someone bought in the market the lower sell orders that have accumulated. Then the price was lowered back down so as not to make a false start to growth.
Target. There are two options for trading this coin at the moment:
1) The first option . Trade in the accumulation channel in increments of 30-40%.
2) The second option. Entrance during a breakthrough or rollback after a breakthrough of the accumulation channel.
The first target + 50% -100% This is only the beginning of the movement if the trend changes from sideways to upward.
The potential is more than + 3000%. The coin has fallen in price from the last peak more than 40 times! And these were not peak prices at all for the history of trading.
Stop loss
Under key support levels during your entry into the market.
STEEM/BTC, Bullish shark, 4 hr MAs, 0.786 fibBullish shark can extend to the 1.13 or .886 but I beleive it will stop at the 0.886 due to the confluence of 50, 100, 200 MA on the 4 hour being in the same range and that point also being the 0.786 retracement for the current swing's low and high.
I AM NOT A FINANCIAL ADVISOR, DO YOUR OWN RESEARCH.
STEEM. A major player is gaining a large position of coins.STEEM / BTC accumulation channel exists for 5 months. A huge position is being recruited by a major market player. On the chart we see 3 zones of huge volume . We see long shadows. This means that someone bought in the market the lower sell orders that have accumulated. Then the price was lowered back down so as not to make a false start to growth.
Target.
There are two options for trading this coin at the moment:
1) The first option . Trade in the accumulation channel in increments of 30-40%.
2) The second option. Entrance during a breakthrough or rollback after a breakthrough of the accumulation channel.
The first target + 50% -100% This is only the beginning of the movement if the trend changes from sideways to upward.
The potential is more than + 3000%. The coin has fallen in price from the last peak more than 40 times! And these were not peak prices at all for the history of trading.
Stop loss
Under key support levels during your entry into the market.
STEEM/BTC TA Update (Big Pump?)STEEM/BTC
STEEM pump over 50% swing high and pierced through 200D MA dynamic resistance.
The RSI hits overbought extreme conditions, we might see some pullback to key support areas between 2000 - 1700 sats.
Don't rush into trade, wait for the best pullback to avoid getting rekt by the whales.
$STEEM, Crossed above ~1850 sats resistance level$STEEM
Crossed above ~1850 sats resistance level
Not quite comfortable about it since volume appears on spikes and without continuation
For now set alerts at just crossed level and wait for a potential flip to minimize risks on a position with target at ~2k + sats
#STEEM