STEEM - Great buy in priceDon't really need any TA to tell me that Steem is a great buy today. Last time I picked up at $1.33/steem and sold a couple days later at $1.65 , Had money sitting in USDT till now and bought back in around $1.18, still a good buy in my books. Don't advise anyone to follow my strategies I'm just trying to document some trades online to see how my profits compared to someone who actually does real TA since I don't really do any. Sometimes I may check the macd, stochrsi and bollinger bands if I am trying to day trade. But mostly I just buy something when I think it is a good price.
Steemit
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.
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 ($462.38 Billion company). This has article has provided mainstream exposure to Steemit.
April 26: Positive Article from Forbes which covers the rise of blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit.
April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume .
(NEW) May 18: The CEO of Steemit announces the development of Smart Media Tokens (SMT) and the Smart Media Token Protocol. The SMT protocol aims to allow for new features on the steemit platform including:
1. Initial Coin Offerings
2. Monetization
The surge in price of Steemit is believed to be driven by the announcement of the development of the Smart Media Token Protocol and general recovery of prices in the cryptocurrency markets.
**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
STEEM/BTC (STEEM token) Cycles, Tigers & Bear$ 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
STEEM social media & blogger money maker, get STEEMIT! [BTFD]Big on STEEMIT nad its platform
d-tube and everything else
big nice to get it lower but looking to get in at the bounce of the fib at 0.236 level around 28k sats
not going in huge here just a nice play to get some cheap STEEM to use for boosting posts on steemit (SBD too)
take profits wherever u wish! SL would be at 25k sats on this trade
bless up and come follow me on STEEMIT: steemit.com
STEEM - Dual chart, USD & BTC 2018 summer roadmap [BTFD]Here we are looking at a very powerful player for 2018 & beyond
STEEMIT has a huge following and great place for bloggers and content writers to share and earn crypto coins
my profile here: steemit.com
i highly advise signing up and start earning, a few SBD and STEEM coins can help boost your posts to get more attention and get rewarded for doing so, these are real platforms here not just some vapourware crap
STEEM TA: we can see a strong baseline for STEEM and currently at a small peak before mania hits the market, has a bit more juice in than SBD and can get bigger returns with trades
We can see possible future highs of 0.001 and beyond, the Gann fan and fibs should guide us nicely towards these targets
personally im waiting for STEEM to come down even more before buying in again looking around 0.0003 area, but you can buy wherever u want as this is not trade adivce lol - the lower fib level will serve as support around 0.0003btc, if it breaks then i will just buy more, STEEM is certainly not running out of fuel anytime soon....
On the USD price, essential i want as cheap as possible on the BTFD tip but aiming at around $3 aggressively and under $2 for a good entry, $1.5 would be amazing and under $1 would be so cheap i think it might hurt lol
happy trades!
any Q's plz join our very active Telegram chat thru links below.....
Steem Getting Ready for a Breakout.Hey, I am back with another Trade Idea , this time looking At Steem.
Steem is a Coin at rank 26, that is being used to buy Steem Power on steemit.
That means Steem Coin has a real usage , which just adds to Value of this Coin.
Steem power is provided by the number of coins not by the value of coin, which is good for the price.
Okay, that was short Fundamental, now lets take a look at Chart .
On the Chart, you can see that rounding bottom pattern is forming.
Steem can have trouble breaking 46,000 sat which would lead to Cup and Handle breakout Pattern.
Green Line - Support, Red - Ressistance.
Taking look at Indicators .
MACD giving buy signal, with few buyers coming not much sellers can be seen.
RSI has found its support and ressistance which is great! Currently in Extra bullish mode.
Volume is Really Low compared to Februar Volume, which can lead to huge breakout.
I guess thats about it, I like to keep it Simple.
Hope I made your view on whats going on with Steem somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
STEEM: NEW DEVELOPMENTS = 42.20% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 42.20% 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 and Youtube were losing creators to blockchain powered social networks like Steemit and Dtube. Steemit has become an open competitor to Facebook 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.
(NEW) April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume.
An increase is trading volume is driven by Korean Exchange Upbit accounting for 65.79% (up from 59.52% a couple of day earlier) of all exchange volume . Furthermore, positive hype around Steemit as a possible competitor to Facebook (in light of privacy breaches) is likely to have triggered a surge in price for STEEM.
STEEM: BULL RUN LESS THAN 24 HOURS = 22.90% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 22.90% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
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 was losing creators to blockchain powered social networks like Steemit. 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.
An increase is trading volume is driven by Korean Exchange Upbit accounting for 59.52% of all exchange volume. Furthermore, positive hype around Steemit as a possible competitor to Facebook (in light of privacy breaches) is likely to have triggered a surge in price for STEEM.
Steemit Upside potentialSteemit (STEEMBTC) has been in consolidation following the rally from the last few weeks.
If price continues up, we can expect it the reach the resistance around 0.00045, where we can expect a reaction.
If the price drops down, the next support is around 0.00033, where we can expect the rally to resume.
Good Luck,
CryptoTrendline
STEEM: Potential breakoutSteem almost finished the ABCDE falling wedge pattern which can be played very profitable.
Watch the green resitence line for a breakout.
Steem forecasted to reach $12 / $14 by June. Daily MACD Crossed.Steem seems to have formed a symmetrical triangle on the daily chart similar to what is seen on LTC and OMG (please see link below). The conditions of the symmetrical triangle is very common to what was published for LTC 7 OMG. If there is an outbreak to the upside, prices can potentially reach $12 to $14. This should be achieved between June to July as long as BTC keeps moving in the upward direction.
MACD on the daily is has crossed over which is a good sign of things to come.
The following conditions have been met for the symmetrical triangle.
The general trend of Steem is to the upside. We have consolidated in the triangle after a bullish move.
The triangle has been formed with 3 points on each side.
We can see the volume reducing
The triangle has a duration of 3 months starting from January
The breakout will be occurring at least 3/4 of the way through the pattern
Still waiting for the following.
We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $12 to $14 to be achieved.
We are still waiting on the breakout confirmation.
These are just my opinion. DYOR before using anyone's opinion for trading.
Dragonfly dojia "dragonfly" doji depicts a day on which prices opened
at a high, sold off, and then returned to the opening price. In
my experience, dragonflies are fairly infrequent. When they do
occur, however, they often resolve bullishly (provided the stock
is not already overbought as shown by Bollinger bands and
indicators such as stochastics). Here's an example of a
dragonfly doji:
When assessing a doji, always take careful notice of where the
doji occurs. If the security you're examining is still in the early
stages of an uptrend or downtrend, then it is unlikely that the
doji will mark a top. If you notice a short-term bullish moving
average crossover, such as the four-day moving average
heading above the nine-day, then it is likely that the doji marks
a pause, and not a peak. Similarly, if the doji occurs in the
middle of a Bollinger band, then it is likely to signify a pause
rather than a reversal of the trend.
As significant as the doji is, one should not take action on the
doji alone. Always wait for the next candlestick to take trading
action. That does not necessarily mean, however, that you
need to wait the entire next day. A large gap down, after a doji
that climaxed a sustained uptrend, should normally provide a
safe shorting opportunity. The best entry time for a short trade
would be early in the day after the doji.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.