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STEEMBTC

Steem/BTC into the Unknown TerritoriesUpdate from my previous steem/btc chart regarding the giant descending triangle pattern.. look like it broke the support and the price keep going down. price below the EMAs line parabolic sar in bearish trend Indicators CMF is in bearish zone macd is interestingly show a low volume despite the price is drop and a clear bullish divergence is sighted rsi is bearish zone and oversold in history in steem/btc price in poloniex atleast i really dont know when it's going support going to be as i cant measure the support using the top of descending triangle as the price will be below 0 satoshi and since this is a low capital coin ( $ 100,348,809 at the time i write this) can easily being moved whether it's going up or down.. When the price does break above 7000 satoshi -which will be a resistance since the price action already broke it- that will be a good sign for upside momentum. please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion. and please feel free to share what your thought on comment section. peace.
by MisterCatt
Using Fibs and basic indicator for STEEM/BTC After it break the channel from 9k satoshi, followed by latest Fibonnaci Spiral. acting as a potential support and upcoming resistance. So far it's pretty bearish movement for Steem/BTC with Fibonacci resistance fan after being rejected by 200 EMA but looking at Indicator such as RSI, Stochastic RSI and Macd seems give me a signal that it's a good time to accumulate.. notice a small buy momentum begin to appear in Macd and lower level of RSI also Stochastic RSI. will it hold 8k satoshi line or fall further toward 7k satoshi? who know what might happen especially if the crypto that didnt have big liquidity as top 10 cryptos anything could happen, especially during btc dominance is rising could affect most of alt-coin , in my opinion it's a good time to accumulated toward this level. please feel free to share what your thought/idea about Steem/BTC. peace
by MisterCatt
STEEM/BTC Broke the channelAfter being rejected by 200 EMA and broke the channel in my previous chart. it's clear a prolonged bear trend is continue + broken trend line that already established since december 2018. using ichimoku cloud Stochastic RSI, RSI and Macd is also continuation of downtrend while ichimoku cloud still not closing in into a bearish cloud/trend yet and stochastic RSI is lower level, there's expectation for some minor bounce in near future to test bottom channel level and if possible to get inside and resume the continuation of the movement within channel.. i keep watching 2 support line at ; - 8200 satoshi - 6500 satoshi while EMA 200 closing in toward the 2 support line.. i expect a major move either way to downside or upside in couple of months...
by MisterCatt
STEEM-BTC Long Trade PlanCommodity : STEEM Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-4 weeks Investment in trade : 5% of the total Trading Balance. Prospective Profit : 14% to 46% Prospective Loss : 9% RRR : SL to TP1 is 1.5, SL to TP2 is 2.6 , SL to TP3 is 3.7 and SL to TP4 is 4.8 Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
Long
by CryptoTherapist