Steem: Divergence + Inverted Head and ShoulderSteemit looks like a very good buy at current price for a possible 40% gain in the coming days. It formed an inverted head and shoulder, we are waiting for the break of the neckline on the 1H time frame. There is also a divergence followed by a strong support zone it is on. What are your thoughts?
Trade with care.
Steemit
STEEM TO DOUBLE IN PRICE! - Major movements.Steem's value is currently under 60% of the Fibonacci, therefore the market has reclaimed more than enough of it's value to continue a large uptrend. On the graph with have small and major resistance + support levels, follow them line accordingly and make trades based on which one is broken. Steem has seen much higher prices in the past and we should see them again in the, not too distant future.
First target - 0.00035K.
Second target - 0.00064K.
200sma Daily support on STEEMBTC #steemitThe Daily chart is looking nice with the 200sma support right below the price. It had a much needed breather and now looks ready to reverse higher near the .236 fibonacci retracement level.
I also made my first post on steemit today :D steemit.com
steem.io
coinmarketcap.com
Steem finding bids against BitcoinNot only did Steem hold it's value against Bitcoin like we were hoping for last week (see steemit.com/@bulleth), it also put in a half-decent rally on Saturday and is back inside the falling channel. Struggling with resistance in the 60-67 zone now, a break higher would target 75. Technically, we have the makings of a head and shoulders reversal pattern here (neckline in the mid 30s - dotted), but at this stage in the coin's life, I am tempted to ignore it. Valid sell signal doesn't occur til a neckline breach anyway.
Steem Buy only after Break of R1 with possible strong waveSteem
R1 level has
1. 20 EMA line
2. Previous support level is broken then retested couple of times
3. Also our resistance trend line in red
Because how many different factors are in play, I would suggest buy after a breakout.
I would expect possible strong pump afterwards
So possible scenario from here is test of resistance
accumulation above the .00050 level
then break out
Stop loss would be a break below the green support trend line
Solid project
for short term trading purposes suggested trade would be a break out of R1 with a target of R 2
Long term trading targets goes around the 8s so go with .00078 , .00088 and .00098 for now
Please do your own research
BEST OF LUCK EVERYONE
The rise of the Steem Backed Dollar? SBDBTCFundamentals: Good dev team, been around long, growing user base, lots of real world applications for the currencies, therefore lots of liquidity and good distribution
Uncertainties: Not sure about the inflation model of the steemit platform, and how this affects the value of SBD. Also, Bitcoin rising in the near future could certainly hurt the SBDBTC pair
Steem/BTC about to Steem harder Steem looks like ready for a third round
On the chart look at closings above the 2 upper green lines (672 and 775) for bigger upward movements
Some resistance at 7289
Targets:
775
899
100k
New ATH to be mentionned if this scenario turns out to be correct
My analysis is also based on the 2 previous patterns which indicate that clearly if things don't go wrong steem is going to follow the same pattern again.
Steem/BTC Slow Rise in up coming daysI do think that Steemit will rise up to beat ATH in the up coming days/weeks. I recommend hodling it for a long term as I believe we are bullish in the 1 hr marks and below. The 4 hr mark shows a slight bearish but following the 50 EMA line, I dont think we'll go down below 80k sats. Always set your stop limits of course and try not to fuck it up
STEEMBTC - It's just the beginningHighly bullish on STEEM and have been for a while. I think Steemit has great potential moving forward, especially since the user base is constantly growing. For the past few days we've seen slow but steady upward movement. We see positive volume and MACD is showing upward momentum as well. I think we'll pass 0.236 fib and we're either going to keep going or retrace back to 0.382 or even 0.5 for support.
Planning on holding this for a while!
Steem consolidation, LONG! It's time to fill your bags!I to strongly advise against shorting Steem at the moment.
It's highly probable that a buy back will be impossible.
You have a great chance to enjoy a long "UP" trendline.
I see no more space for a down volatility.
I will support Steem for the next few years, I love the Idea and the chance behind it:
twitter.com
The Idea of Steem: www.youtube.com
Steem pros:
1. -Steem is the first decentralized social media, it's a innovation!
Collectively, user-generated content has created billions of dollars worth of value for the shareholders of social media companies, such as Reddit, Facebook, and Twitter. Steem supports social media and online communities by returning much of its value to the people who provide contributions by rewarding them with virtual currency.
steemit.com
steem.io
steem.io
2. -Steem Marketing just started! Mitchell Loureiro (@zurvanic), and Community Liaison, Andrew Levine (@andrarchy), are leading the new marketing team. The goal is that Steem will go mainstream!
- www.youtube.com
- www.youtube.com
- steemit.com
-https://steemit.com/steemit/@stephenkendal/steemit-and-linkedin-calling-out-to-all-users-on-linkedin-let-s-see-if-we-can-make-it-a-1-000
3. -Steemit VP of marketing Mitchell Loureiro gives us an update and talks about Bitcoin & Altcoins(many other reasons to invest in Steem):
www.youtube.com
4.Announcing new web-client for Steem/Golos blockchains:
steemit.com
5. - Steem already has applications with a product out
steemtools.com
6. -The inflation is now about 0.095 per
year, the coin value is no longer losing worth as drastically.
Source:
steemit.com
7.- logical aspects: many user bought Steem at 4Usd, or 3Usd, 2Usd 1usd ....
everyone of them have to hold the coins and wait till the price will increace
The price deflation was planned this isn't a scam this was obvious in my opinion!
coinmarketcap.com
Other interesting links:
- www.youtube.com
- steemit.com
- www.youtube.com
8. -I have very good connections to a programmer, he wrote a master thesis about BTC, Dash Monero and Zcash we are talking about crypto several times a week!
-We have the same opinion about Steem!
Thanks for your attention!
I do everything with a clean conscience and I am trying to give people well-meaning suggestions!
Best wishes your Altcoinanalytics
STEEM breakout, trend reversal confirmed, 2nd wave UP on the waySteemit, decentralized and incentivized social media.
Steemit is a innovation and a new social media platform built on the Steem blockchain where the community rewards individuals for their posts, comments and votes, co-founded by Ned Scott chief executive officer and Daniel Larimer, CTO of Steemit and founder of Bitshares.
This was my first chart about steem:
a chart from spacetrader(PRO) still one of only few crypto applications with a product out:
steemtools.com
best wishes
your Altcoinanalytics
STEEM bump imminent Looking at a 3M block it looks like StEEM is bottoming out soon if it hasn't already