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Steem / Bitcoin

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STEEMBTC trade ideas

Using Fibs and basic indicator for STEEM/BTC After it break the channel from 9k satoshi, followed by latest Fibonnaci Spiral. acting as a potential support and upcoming resistance. So far it's pretty bearish movement for Steem/BTC with Fibonacci resistance fan after being rejected by 200 EMA but looking at Indicator such as RSI, Stochastic RSI and Macd seems give me a signal that it's a good time to accumulate.. notice a small buy momentum begin to appear in Macd and lower level of RSI also Stochastic RSI. will it hold 8k satoshi line or fall further toward 7k satoshi? who know what might happen especially if the crypto that didnt have big liquidity as top 10 cryptos anything could happen, especially during btc dominance is rising could affect most of alt-coin , in my opinion it's a good time to accumulated toward this level. please feel free to share what your thought/idea about Steem/BTC. peace
by MisterCatt
STEEM/BTC Broke the channelAfter being rejected by 200 EMA and broke the channel in my previous chart. it's clear a prolonged bear trend is continue + broken trend line that already established since december 2018. using ichimoku cloud Stochastic RSI, RSI and Macd is also continuation of downtrend while ichimoku cloud still not closing in into a bearish cloud/trend yet and stochastic RSI is lower level, there's expectation for some minor bounce in near future to test bottom channel level and if possible to get inside and resume the continuation of the movement within channel.. i keep watching 2 support line at ; - 8200 satoshi - 6500 satoshi while EMA 200 closing in toward the 2 support line.. i expect a major move either way to downside or upside in couple of months...
by MisterCatt
#STEEM moving back to 8800 satoshis, D day April 30thAfter breaking the descending wedge and now the target support level is around 8800 satoshis. After that there are 2 options that will logically follow this move, either breaking the trend line by April the 30th which will probably create a new wedge towards the upper resistance level or we will be able to experience another low support level that will be formed with the previous daily levels. On the other hand moving up will look at testing the monthly level around 11k satoshis and then moving at the next level which will be 13k satoshis.
Short
by raserrano
STEEM BUILDING UP MOMENTUM FOR A NICE RIDESteem hit bottom in December 2018 and is looking ready for a nice ride up in April. Price bounce from the 50 MA and trend line support straight above the 200 day MA to the previous high at 14736 where we got rejected. The 9500-10000 area where we just bounced (bullish retest), seems to be providing a confluence of support.....the 200 day MA, daily horizontal resistance and the trend line support, which has held price strongly since the Dec low. RSI is on its historical support at 35%, Bullish cross on Stochastic below 20% level With the 50 day MA which just crossed bullish above the 200 day MA is presently acting as resistance. Giving this bullish set-up, the 50 day MA should give way pretty soon. Targets are outlined in the area of the horizontal resistance above. Note: STEEMBTC remains in a downtrend until price successfully breaks above the previous high at 14736. Trade with stop loss.....
by Cryptoplush01
STEEM trade set up?Got my eyes on some STEEM at the moment, its had a great few months spitting out some great trading opportunities and confirming these supply levels already. We can see supply created back in November last year with the drop out of that large consolidation area before the market made a decision, this was acting as a solid resistance for the past 5 months so far with a few attempts are trying to break with very low volume so not really having the grunt to bust down those layers...it just wasnt ready. However over the past month we have been building a nice steady up trend and the last impulsive push managed to break that supply zone now opening us up to the possibility to push higher. Its since had a healthy retrace but i believe it has a bit more of a bleed left in it yet and as BTC looks as though its about to make a decision out of this range, we may get a nice low entry so im happy to put some luck dip buys a bit lower and extend my stop loss to give it some room, BUT for the sake of the chart im going to place my stop in a zone thats easy to understand for now just below the 618. This may take some time to play out but its looking like a really nice R/W:R for a descent potential 50% on over all run but there will most likely be a potential to swing the move up. i can see a level of resistance at that last previous top around 1446 and the higher supply around 1621 is my current area of interest although i will be trading this for a month or so unless of course it delivers the goods much quicker :) CCI has some time to settle but still room to go for another run soon, and volume although retraced on the price action is still climbing well which gives me confidence in this having the legs to run up. will keep this one updated over the next 2-4 weeks.
Long
by Unity-Trading-Group