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Steemdollars

STEEM looking to test monthly resistance (HIGH VOLUME)STEEM has broken the daily resistance level at 2381 by wicking above the daily resistance. If new candle opens above daily level, then we may see some move upward till monthly resistance. It is the 3rd time the monthly resistance is going to be tested. The more times a level is tested, it becomes weaker. We may see the monthly gets broken due to 1.High Volume 2. 3rd Time Test 3. Candle forming above daily level 4. Upper trend line also acting as a support. In other case if 3rd time the resistance is rejected then it may retarce back to test the new support at daily level. Also 3rd situation is: If candle is unable to form above daily level which is 2381 then we can see a retracement back to 2260. Wait for the new candle to be formed. Then decide accoordingly.
by SmartMaxi
2
STEEMUSDT After More Than 350% Big Bullish Move Now What Next?on 17th of March 2020 I posted an article where I revealed that the priceline of Steem has completed a bullish Shark pattern the formation of this pattern was started on 25thf November 2019 and completed on 9th March 2020. And as per Fibonacci sequence of bullish Shark pattern I predicted that the Steem will move up from here atleast between 0.382 to 0.786 Fibonacci projection of C to D leg of this bull shark pattern. And on the very next candlestick the price action of Steem took a really very powerful bullish divergence and produced more than 350% gains. That was really very massive profit. Why the priceline moving down again: In the previous article we have already examined that after the previous bullish move the priceline was not able to cross up the 200 simple moving average resistance. And dropped down on 100 simple moving average support this time the same move occurred again the even though the priceline moved up to 350% but could not cross up the 200 simple moving average and again dropping down on the 100 simple moving average. So far the priceline is above the 100 SMA but if it will hit on the 100 simple moving average then we can use the different indicators to examine that whether the priceline will take another bounce from this simple moving average or it will break down the 100 simple moving average this time. My combination of indicators to determine whether this support will be broken or not: For example I'm using the William top bottom indicator with the combination of momentum indicator. If the William top bottom indicator will turn green it's mean that it will be giving signal that the sellers are active and after turning green when it will be turned gray then it is the signal that the buyers are getting active, with that signal if the momentum will be turning bullish and we will be above the 100 simple moving average then in my opinion the priceline will take another bounce from 100 SMA support. What if the priceline will breakdown the 100 SMA: In case the priceline breaks out the 100 simple moving average on 2 day chart then we can witness a very strong bearish move by the price action of steem. And in this situation this strong bearish move can help the priceline to complete the final leg of an other big bullish Shark pattern. As we can see that after initial leg the A to B leg is retraced between 0.382 to 0.618 Fibonacci level and B to C leg is projected between 1.13 up to 1.618 Fibonacci projection and this is the Fibonacci projection of A to B leg. Here I have ignored some extra spike because all other legs are driven as required for the bullish Shark pattern. Now if the final leg will be retraced between 0.886 up to 1.13 Fibonacci retracement level then the price action should take another powerful bullish divergence at least between 0.382 to 0.786 Fibonacci projection of C to D leg. And this can be another up to 360% profit potential move. As per Fibonacci sequence of this bull shark pattern the buying and sell targets should be as below: Buy between: $0.1219 to $0.0699 Sell between: $0.1931 to $0.3229 This idea is for long term and midterm traders, I will be keep posting more trading ideas. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
This Extreme Bearish Trend Helped STEEM In Completing Final LegA strong resistance level the main cause of drop: Hi folks hope you are well and welcome to the new update on Steem with US dollar pair. To understand the current downtrend we need to go back in November 2019. When the price action was move sideways and took a powerful bullish divergence in January 2020 and broke out the 100 simple moving average resistance. After breaking out the 100 SMA the price line of Steem used this resistance as support and took another very powerful bullish divergence and touched the 200 simple moving average resistance. At this level the price action has hit 4 times but failed to break out the 200 simple moving average resistance. And price action again dropped at 100 simple moving average on 26 Feb and again used this moving average as support to make another attempt to break out the 200 SMA. But this time the price action could not even able to move closer to 200 simple moving average resistance and dropped down again. And currently the Steem is likely to break down the previous support of 100 simple moving averages well. Formation of harmonic pattern: During this move on daily chart the price action of Steem formed a bullish pattern. A on 27th Feb 2020 I posted an article where I revealed that the Steem has formed a bullish BAT pattern on one day chart. The formation of this pattern was started on 10th of January 2020 and the price action entered in the potential reversal zone on 27th Feb 2020 this was the day when I posted the article. We also had a very strong support of 200 simple moving average in the PRZ level of this bullish pattern that made this pattern more stronger. Because the 200 simple moving average on one day chart is always considered a strong support and it can also provide sufficient push to priceline for the bullish divergence. And as per BAT pattern and Fibonacci sequence method the price action was suppose to take the bullish divergence from this potential reversal zone and enter in the Fibonacci projection area of A to D leg of this bullish BAT pattern between 0.382 to 0.786 level. On the very next day 28th Feb 2020 the price action moved up and produced more than 28% profit and it was expected that if the price action will cross up the 0.786 Fibonacci projection level then it can move more up using the 0.786 level as support and Steem will finally breakout the 200 simple moving average resistance of 2 day chart as well. Even though the trade plan I posted in article executed successfully. But unfortunately the price action dropped down again after visiting the Fibonacci projection area of A to D leg of bullish BAT pattern. A head and should pattern can lead the priceline more down: If we see the broader view then it can be clearly examined that Head and Shoulder pattern is completely formed that is reflected upto 4 days chart. At this time it can be clearly seen that the price line of steam has hit the spike even beyond the neckline of Head and Shoulder pattern At this time it can also be observed that a long red colored strong bearish candlestick is putting pressure on the neckline of the Head & Shoulder pattern to break down the neckline as well. And due to this pressure the price action can easily break down the 100 simple moving average support on 2 day chart. Bullish Shark pattern a bullish reversal signal is appeared: Now I am taking you to the more broader view of Steem’s price action and that is the price action has completed the formation of another harmonic pattern on weekly chart. And this time the pattern is big bullish Shark. Now let's have a look how perfect this is pattern is formed. The initial leg was started by the candlestick which was opened on 25th November 2019 and this like has been completed on the candlestick which was opened on 25 Nov 2019 and completed by the candle stick of 13 January 2020. Then the price action dropped upto 0.618 Fibonacci level. From this point the priceline of Steem was supposed to be projected between 1.13 to 1.618 Fibonacci level this was the projection of A to B leg. And we can see that the price action even projected little bit more than that level. Therefore at this moment I have ignored some extra spike cause all other legs are formed as per requirement of bullish Shark pattern. The final leg was supposed to be retraced between 0.886 upto 1.13 Fibonacci level. And it can be easily seen that the price action has retraced up to this level. At this time the price action is moving in the potential reversal zone of this big bullish shark pattern. The potential reversal zone and the Fibonacci projection area ranges: Now from this potential reversal zone the price action should take a bullish divergence to enter in the Fibonacci projection area of C to D leg. And as per bullish Shark pattern the potential reversal zone starts from $ 0.1128 and ends at $ 0.0803 and the Fibonacci projection areas starts from $ 0.1573 and ends at $ 0.2390. So there is an expected big bullish move upto 197%. But this potential reversal zone should be as a stop loss as well because once the PRZ level will be broken down then Steem can turn more bearish.
Long
by moon333
3
STEEMUSDT formed bullish BAT | Upto 96% bullish move expectedHi friends hope you are will, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Steem. The Priceline of Steem has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon. Let’s have a look on the Steem’s move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. We also have a 200 simple moving average in PRZ level that can be a strong support to push the price action up to 96%. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $0.1593 to $0.1400 Sell between: $0.2053 to $0.2745 Stop Loss: The potential reversal zone area which is up to $0.14 can be used as stop loss in case of complete candle stick closes below this level.
Long
by moon333
SteemDollars Support & Resistance | Bulls FavoredSBDBTC (SteemDollars) is now trading just above EMA200 and ranging in-between MA200 (support) and EMA300 (resistance)... Let's take a closer look at the chart! As I just mentioned SBDBTC is trading within the black (MA200) and gray (EMA300) lines but going in favor of the bulls, why? Since October 2019 SBD has been printing higher lows. Prices are safely trading above MA200 as well as EMA10, EMA50, and other major moving average lines. The MACD is on the bullish zone and starting to curve. The RSI is strong/bullish above 50 and positioned to move higher. The smaller capped altcoins are extremely bullish and SBDBTC is part of this group. You can find additional targets if you zoom out. This is not financial advice. Thanks a lot for reading. Namaste.
Long
by AlanSantana
SteemDollars Bullish Pattern And Signals (GREEN)Hey hi, how are you doing today? How is the cryptocurrency market treating you? Many new opportunities are developing every day, and old ones paying great profits with much more to come (check the related ideas). It's been a while since our last SteemDollars (SBDBTC) analysis. I did a search on my profile and the latest one is from September 21st, 2018. I am happy to share that we hit all of our targets for great profits, you can see it here: Now, I am seeing that SBDBTC is getting ready to move again so I am sharing it with you in case you too want to profit. We are looking at a weekly chart here, so this is long term... feel free to hit like now, if you want to and let's get started with the chart! Notice how SBDBTC has been moving up steadily since September '18 without much retrace. It has gone through a long period of consolidation above EMA50 and now EMA10 is moving up as well. The RSI is strong at 59 showing that the bulls remain in control. We have a bullish pattern called a "bull flag" or "bullish rectangle" which can easily break up. Conditions for change: This is an easy set up to trade but things can always change. A break and close below EMA50 and EMA10 would change this set up and a new analysis is needed. Remember to always use a stop loss. This is not a piece of trade advice. Thanks a lot for reading. Remember to hit like. Namaste.
by AlanSantana
2
STEEMBTC - ANOTHER PATTERN Buy Price: Green Zone TP: Blue Zone Support: Orange Line Resistance: Purple Line SL: Red Zone (I don't recommend to sell in loss.) Invest Suggestion: 20 Percent Profit Expectations: 10 to 40% Another pattern founded in STEEM, it's seems very likely to happen again ( borwn circle )! All techinicalls are pretty good! See me previous analysis and how profitable the are!!! Sell when you get some profit, according the way you trade. Keep following us and please like this idea. Any doubts? Send in the comments or in our telegram or Inbox here. Thanks for visiting.
Long
by CGCryptoTrader
2
There is a possibility for the beginning of an uptrend in SBDBTCTechnical analysis: . STEEMDOLLARS/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00015600 to 0.00013100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00015600) Ending of entry zone (0.00013100) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00019800 TP2= @ 0.00021500 TP3= @ 0.00025500 TP4= @ 0.00031580 TP5= @ 0.00049700 TP6= @ 0.00051700 TP7= @ 0.00060700 TP8= @ 0.00073500 TP9= @ 0.00089900 TP10= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in SBDBTCTechnical analysis: . STEEMDOLLARS/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00015600 to 0.00013100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00015600) Ending of entry zone (0.00013100) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00019800 TP2= @ 0.00021500 TP3= @ 0.00025500 TP4= @ 0.00031580 TP5= @ 0.00049700 TP6= @ 0.00051700 TP7= @ 0.00060700 TP8= @ 0.00073500 TP9= @ 0.00089900 TP10= Free
Long
by ForecastCity
[SBDBTC] SteemDollars LONG Opportunity [630% - 3300% PP]SteemDollars (SBDBTC) has found support around November 2017 price levels. This is a very strong support area and it coincides with several other signals that point to a reversal from the charts. What really looks good for SBDBTC, is that it has yet to take off. So we get to position ourselves for an early trade. We are looking at 600%+ profits potential based on December 2017's peak. We can earn over 3300% if SBDBTC goes and challenges its all time high... This is a long term trade. Here is the weekly chart:  Now... Let's trade! Trade instructions by Alan Masters Buy in: 0.000143 - 0.000156 Targets: (1) 0.000161 (2) 0.000169 (3) 0.000179 (4) 0.000209 Note: More target available to premium members. Stop loss: Close daily candle below 0.000134. THANKS FOR YOUR SUPPORT! Thanks for sharing with me another day. I hope you enjoy this trade. Feel free to contact me if you have any questions. Namaste.
Long
by AlanSantana
4
SteemDollars (SBDBTC) Coming Soon with 3300%+ PP - AlanmastersTake a look at the chart above: Marked strong support with yellow square. This is our bottom for now. Bullish divergence on the MACD; this is the weekly time frame. STOCH oversold. Retracing since December. Huge profits potential, over 3,000%. Just 20% is great profits, so this huge potential makes it even better for a long trade. Adding to watch-list. Note: This is no trade advice. Feel free to like, share, comment and follow for more amazing, profitable, easy to read and understand analysis for beginners and experienced traders a like. Leave a comment if you want a trade for SBDBTC in the future. Namaste.
by AlanSantana
20
SteemDollars (SBD) About To Breakout (~1200% Profits Potential)SteemDollars (SBD) Trade Analysis by Alan Masters CHARTS, SIGNALS & INDICATORS - We are in the consolidation phase, SteemDollars (SBD) can soon breakout. - Newly formed uptrend. - MACD Crossing over and showing plenty of room for growth on the weekly chart. - Let's give this coin a second chance... TRADE INSTRUCTIONS Buy-in: 0.00033 - 0.00041 Targets: MID (1) 0.000542 (2) 0.000752 (3) 0.000902 (4) 0.001092 LONG (1) 0.001394 (2) 0.002134 (3) 0.003324 (4) 0.004174 (5) 0.005254 Stop loss: 0.000203 Trade strategy: Buy, hold and later sell on target. Message: Peace of Mind I bring peace, for your mind. I bring peace, for you. Peace I bring for you and your mind. Let me share with you a piece of mine. Namaste.
Long
by AlanSantana
55
SteemDollars (SBD) Early Breakout - 150% Profits PotentialSteemDollars (SBD) - available on Bittrex, HitBTC and Poloneix, has been going down for quite a while now, since early December, and has the potential for a strong "leg up". You know I am always saying that coins need at least 2-4 months of consolidation before doing anything "significant" once a top is reached. Well, SBD has been retracing for 3+ months. It has been holding a very strong support line, and with the markets acting stable lately, it is showing tendencies of a move up. There is an early breakout on the short term charts, and the RSI jumped twice from oversold on the 4h chart, and it is sitting near oversold on the daily chart. Which means that sellers are exhausted and that there is plenty of room available for growth. Positive divergence on the MACD is also a very, very strong signal. You can find this one on the 4 hours chart. Note: At the top you have the 4 hours chart, bottom the 1 hour chart, for your entertainment. These are just some of the details, but the charts are full of all sort of "potential trend reversal" signals. So let's take a closer look at the instructions, and... Let's Trade!!! ### TRADE INSTRUCTIONS Buy-in: 0.00031 - 0.00037 Targets: (1) 0.000422 (2) 0.000492 (3) 0.000542 (4) 0.000612 (5) 0.000792 Note: These "targets" are resistance levels, these are not all meant to be reached. Just aim to buy in and get out in profits. I am aiming for 30-50% potential profits, what you decide is up to you. Stop loss: 0.000292 If the price starts going down and you don't want to wait for the next push up, you can simply quit your hand at this level above. ### MESSAGE: For Joy Being joy can be achieved through happiness and self love. It is all about being, joy can get you everything that you want. To be joyful and enjoy love can be similar in many ways. Accept all those around you, and learn to think what you have to say. I am sharing this message, for joy, for YOU, to enjoy yourself today. I am wishing you the best always, because I know that you are special, I truly know that you are great. So regardless of what is happening in your life right now, just remember... That you DESERVE THE BEST! Namaste. (P.S. This is an exclusive trade... Enjoy your profits all the way)
by AlanSantana
30