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Steem / Bitcoin

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STEEMBTC trade ideas

STEEM/BTC find it's support Aside from BTC price effect.. steem/btc is doing good recently. find it's low support around 4k satoshi and i expect it will consolidate between 0.236 (4359 satoshi) and 0.786 ( 5122satoshi) for awhile before it will start it's bullish movement after it breach 200 EMA around 5800. MACD so far doing great in daily chart although in 4 hour chart sighted a bearish divergence between price and MACD short term i expect a pull back and its possible consolidate a while before it will start the impulse movement to upside starting by breaching 200 EMA (5800satoshi) in 4 hour timeframe. 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
SoT 2.0 Chartoff May, Week 4STEEM is up for the final week. Let's hope I can close this months chart-off with some profit at least ;) 0/3 so far. Not much to say. STEEM is testing a daily downtrend and a 4 hour downtrend and looks like it will succeed with the next attempt. It has tested a daily level and a 4 hour level already so the next 4 hourly level will be our target. Enter on the hourly level of 479 which is the level we need to hold and also the price where the current uptrend will be at. (I know we can't draw the uptrend to a candle that hasn't finished yet but I think we will either see this be the next uptrend and continuing of the move up or we will see it fail if it loses the 479). Exit a little bit before the first untested 4 hourly level of 567. Stoploss at 470. EDIT: actually misplaced my profit target. The green part of the box shows it at 567 but I will exit at 565.
Long
by UnknownUnicorn4256452
Descending wedge should break in the 3 coming daysI can clearly see that if the current price recovers today above 4800 satoshis level, tomorrow above 4600 satoshis or the day after above 4450 satoshis it is very likely that this descending wedge will be done. As a steemian myself I really hope for recovery and as previously seen the steem ecosystem is also fueled by what top currencies do while reacting on big market changes and this time should not be an exception. I'm currently trying to get on hold of the lasts chances to get #steem cheap while more and more chances that a new move will likely happen in the coming days.
Short
by raserrano
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
Analysis on STEEM/BTC and price objectives Can you see the clear inverse correlation between BITTREX:STEEMBTC BINANCE:STEEMBTC and BTC Dominance? ** Not at all calling this a STEEM/BTC bottom, but the chart itself is fascinating. Some main points: 1) Sitting on support @ 2 year ATL - bust these lows and we need to redraw our fibs for profit targets. 2) Confirmed bullish momentum/volume divergence not shown on this chart, but present within OBV and MACD. 3) BTC Dominance not looking toppy which makes our bull case for STEEM/BTC unlikely at this point in time. 4) 50% retracements make for conservative and reliable price targets. Thank you Mr. Gann. 5) Majority of alts looks similar. Ran TA on STEEM because of the interesting low we're testing atm. Want to learn the basics of technical analysis, risk management, and the fundamental principles of profitable trading? Check out our Level 1 course.  Giving it away for free right now for Tradingview users to beta test over the next few weeks.  Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money.  Use discount code 'Tradingview' - learn more and get a free course preview here:   education.truebinary.io
by bitflip01
1
#STEEM just hitted bottom, now what?I have been closely looking at what #steem will probably do and this movement got a bit more intense with recent crypto news shaking the markets in previous days. Most of last week I have been away from charts and from crypto but this caught my attention and as I called in a previous analysis that steem was going to hit 8800 satoshis by April the 30th and today I must say I'm wrong. It has just created a new bottom which sits around the 6550 satoshis and it will need to test the past bottom which was around 6582 satoshis. In any direction this is the start of a new movement that to my eyes seems promising those who are willing to enjoy the ride to at least the 8800 satoshis monthly level which stills holds strong. On the other hand following another bear month #steem can fall to the next possible low around 2100 creating a pretty new situation in which (i really hope it will not happen) anything can happen and cannot really tell what to do next. It seems far easy to break towards the right in which a new recovery move will likely happen.
Short
by raserrano