Steemit
STEEM/BTC-Long setupSteem is a cryptocurrency token that has utility on the Steemit platform – an incentivized blockchain-based social media platform founded by Dan Larimer, who is also the founder of BitShares.
STEEM will be launching their MainNet on 24th March'2019 after the TestNet was released in the month of January'2019.
It might affect steem price analysis so let's analyze the Daily Timeframe chart of the pair to know levels to buy for upside potential and one of the best performing coins now.
STEEM/BTC pair has already seen a surge of 100%+ in December month and 50%+ in the month of February 2019.
There is a more potential upside for the pair with the upcoming catalyst (MainNet).
If the Pair breaks the preliminary resistance around 0.0001168-0.0001260 Satoshi, then one buy at these levels after the retest.
If the resistance is not broken then we can see the price reaching support level 0.0000900-0.0000835 satoshi where interested buyers can look for these levels to enter for safe entry.
If the 0.0000900-0.0000835 satoshi level is not respected then one can look for buying around 0.0000645-0.0000667 satoshi level with a tight stop-loss. Sellers can look for two potential resistance zone around 0.0001800-0.0002000 satoshi to book profits.
Also, it has been trading above the 200D-SMAs and Ichimoku cloud, which is slightly bullish.
Caution: If the last line of support 0.0000645-0.0000667 satoshi level is broken then one should not hold the coin as it would be strongly bearish for the asset.
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.
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STEEM - SYMMETRICAL TRIANGLE - > SHORT AND LONGSteem is ranging in the symmetrical triangle.
We can expect downward movement in direction of wave E and then up according to relevant conditions in that time.
Short target is marked on the chart and long either in case we will stay at the edge of the lower triangle line with bounce.
Good luck !
STEEM seems ready to break above 10000If it does 16000 is the goal according to a few friendly whales
I am not in because i am trapped and i exited @ 8350 a while ago.
I am waiting a hopeful retracement to 7800 that never seems to come.
There are a shitload of dApps being made (without smart contracts) and an exchange will be released soon for those dapps.
They are giving away free tokens everywhere.
#STEEM STILL GOT STEAM LEFT IN ITBroke over first resistance , will now act as support.
This could still retest the 1085 sats ranges before moving towards further targets.
Stop loss / targets are in chart.
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Read other analysis below. ( Over 90 % accuracy so far)
[STEEMBTC](59% PP) STEEM Profits Potential (1000-9000%+)STEEM (STEEM) Overview
Powering Communities and Opportunities
Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. It’s currently the only blockchain that can power real applications via social apps like Steemit.
STEEM (STEEMBTC) Chart Analysis
Long term chart:
I've drawn a few channels and boxes showing the different waves STEEMBTC had over the years.
It is pretty easy to spot a strong wave up after a long channel down.
The smallest bullish wave on the chart above was from Mar to May 2018, which generated over 150% profits.
To me this is a very profitable wave. We also have other waves that generated up to 2500%+ profits, such as back in 2016.
The next wave I am expecting for it to be a big one, maybe 1000%+ if we are conservative... This is cryptocurrency trading after all.
RSI is oversold, which is a very strong signal on the weekly time frame.
STEEMBTC is now out of the latest descending channel, so a break up can happen anytime.
STEEMBTC Trade Instructions by Alan Masters
Buy in: 0.0000720 - 0.0000760
Targets:
(1) 0.0000850
(2) 0.0000980
(3) 0.0001172
More targets on chart.
Stop loss: Close weekly below 0.0000600.
Capital allocation: <10%.
LIFE FLOWS FREELY AGAIN
Free I am in life, like FREE you will always be.
Live easily happily ever after by showing yourself more and more.
Live being grateful of what you have, instead of being fearful of what you don't.
Just saying "Thank You, Thank You, Thank You!" in front of the mirror can start the process of helping your life flow.
Easily and freely your life will flow again.
It all starts with a single practice... The result is being grateful, the practice starts by saying thanks.
THANKS FOR YOUR CONTINUED SUPPORT.
Namaste.
STEEM BTC Pairing and short term gainsWe are now seeing Steem at its bottom, this is the lowest Steem has been since summer (May,June & July 2016).
Short term we will see a retest of the 0.00001094 BTC level, we should break above this level as well as the 50 MA.
From here we will see a run to the 0.0001242 level which has been support for the past few months.
I see consolation coming between these two levels before a possible breakout above the volume well and a test of the 0.0001547 residence
STEEM Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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OK SHORTY BTCUSDTBullrun confirmation the following is needed
1.) sideways consolidation (yes)
2.) completion of pullback (yes)
3.) downwards correction to @6400 range (Yes) (@6464.67)
4.) low volume to equate PULLBACK (Yes)
For breakout
1.) ascending triangle completion (no)
2.) large volume (no)
3.) large media announcement (no)
Possible downturn setting stoploss @6500 range
Buyback @5900 range
standby to this pivotal movement
STEEM-BTC possible long tradeSteem has come down to the bottom of the long term symmetrical triangle. This is a good area to watch for a bounce so for now I have taken no trade yet. I will udpate once we get a bounce and trade is active. Aggressive traders could enter here with a 15% stop loss, though I will personally wait for signs of a bounce off of this trendline. Steem also has some bullish divergence.
SBD/BTC Might Be Forming A New TrendSBDBTC traded in a downtrend for an extended period of time, as many alt coins did for this trading season. Now however it has broken out of it's downward channel, after the breakout was confirmed it consolidated with a symmetrical triangle pattern and recently has broken out of that with an impressive move upwards on high momentum.
We have pulled back to the 61.8 retracement of the recent move, and I expect to see a short period of consolidation followed by another move upwards. I have set a buy for the 61.8 fib level and short-term targets at the resistance level that is the upper limit of the recent move and my ultimate target at the 1.618 fib extension of the movement.
EOS: Time to Find Your Inner BearFor this price analysis, I’m actually going to look at EOS on the USD side of things.
EOS Price Analysis
The first thing that’s worth noting is the fact that $EOS failed to hit this major overhead resistance point (thus far):
So, there are a couple reasons why this is important.
1. It appears as though the momentum for $BTC #Bitcoin is beginning to wane at this point in time. Usually, the market follows $BTC (at least the majority of it does) and $EOS is really no exception to that rule.
2. There are no serious fundamentals that are supporting the price of $EOS that would suggest that it is immune to this break in the markets if the author’s prediction that $EOS is headed down is correct.
3. This recent increase in the price of $EOS has left the price largely over-extended for the most part, and it is now reading overbought on all RSI charts. This is especially not good when you’re in a bear market. It’s almost always worth betting against an overbought chart in a bear market.
Above, you can see a clear bump and run chart pattern formation. This is very classic in cryptocurrency, and nearly always comes to fruition.
The RSI is screaming ‘get out’ as well.
Let’s Look at Some Potential Support Points
In the picture above, there are a couple that individuals should be directing their attentions to.
One of those = the uptrend line that is directly under the price (on the ‘bump’ portion of the bump and run).
As you can see above, that’s only a 3% drop. Thus, this is more than likely a point that will be broken straight through.
This has not been tested at all.
Ichimoku
For those that can see the Ichimoku below, it is resting on our original uptrend line as well; so that’s not going to give us too much information on what’s going on.
Potential Re-Touch of the Main Uptrend Line (Most Likely on a Consolidation)
If this occurred, the following drop would be substantive at -13.66%, which is a great gain for a shorter (if one is looking at those options).
This seems to be the more likely possibility.
However, with a bump and run pattern, there is always a major possibility that the price falls even lower than that.
In the even that this did happen, it would lead to a much more precipitous decline in the price.
Ascending Channel spotted on the H4 as Well
It appears as though the price has just touched the top of this channel (which was just established, so don’t beat yourself up if you did not short from this point immediately; no one could have anticipated that).
The reason why the author states that no one could have anticipated that is because there’s a chance that an ascending broadening wedge could have formed itself instead, which would have been an entirely different scenario. So, this needed to happen in order for us to get the ‘larger picture’, if that makes sense.
Conclusion
Given everything that we know, a short almost seems to be the most logical move at this point.
The price is already pretty overextended on EOS as of now, and it appears as though the momentum is beginning to wane substantially on the RSI on all time frames.
Therefore, this is the author’s R/R trade for the short:
STEEMBTCIf we assume STEEM will start to rise from here, here is a trade idea:
- entry at 13k1
- stop loss at 12k4 (bellow longer term support)
- target 1 15k5 (previous high)
- target 2 17k (38.2% Fib level)
- final target 19k9 (bellow psychological resistance 20k and close to 61.8% Fib)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)