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STEEMBTC trade ideas

Steem 12H0For education purposes only, I will go over a trade that I made. I entered at 38000 sats when the green 2 candle was trading above the green 1. Overhead resistances include: 39040 sats (previous lower high) - If we break this, I will most likely add onto my position My target zone is between the two dashed red lines, 43040 and 46510. This is where I am looking to exit most of my position. I will most likely let the rest ride until we hit another resistance level at the 50k sat area. My stoploss for these trades are at 35300-35500 sats. Risk To Reward Ratio = 1 : 2.5
by jonchan
#Steem finding support around 50fib region. #steembtc Steem seems to be in an ascending channel , facing resistance at the 20DMA level at 36.8k sats after bouncing off the 61.8fib support at 31.7k sats, currently its being supported by the 35k sat region which is the 50fib level of the move X-A and also 23.6fib of the B leg . If #steembtc manages to break above the 20 DMA and subsequently the important resistance level at 39-40k sat region, then we can expect it to rally to 42.5-43k sats, before we see some correction.
by rajista
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.
Long
by AlanSantana
25
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 ($462.38 Billion company). This has article has provided mainstream exposure to Steemit. April 26: Positive Article from Forbes which covers the rise of blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit. April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume . (NEW) May 18: The CEO of Steemit announces the development of Smart Media Tokens (SMT) and the Smart Media Token Protocol. The SMT protocol aims to allow for new features on the steemit platform including: 1. Initial Coin Offerings 2. Monetization The surge in price of Steemit is believed to be driven by the announcement of the development of the Smart Media Token Protocol and general recovery of prices in the cryptocurrency markets. **The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
by CryptoTradeSignals
1
STEEM/BTC (STEEM token) Cycles, Tigers & Bear$ 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 
Short
by UnknownUnicorn1613901
Steem geting ready. Any comment is much apreciatedHi guys! First of all I would like to start by saying that I'm not an experienced trader and you should really think twice before trading based on my ideas. I'm publishing these ideas only so I could hear your comments and get better. This is what I think it is going to happen: STEEM is forming a breakout triangle pattern. I see 2 possible scenarios: 1. Will drop 2 times and after that it will pop; or 2. Will drop one more time and it will pop. I also pointed about buy zone and sell zone. Buy zone is based on my prediction, where I think it will go. Sell zone is based on past strong resistance lines. Any comment is highly appreciated so please fell free to do it!
by alexiamandi
1
Steem possible cup & handle formationHello all, after 2 weeks of holidays in back in the crypto world! Steem is showing a possible cup&handle formation, An healthy retracement followed the strong uptrend happened in during April, in this scenario the impulsive 5 waves and ABC correction are clearly visible. On the daily chart supports match well with the fibonacci retracement, the price actually sit on a 4hr support and seems to consolidate but could briefly touch the next stronger support around 3500sat, could also be the end of C leg and the 0.618fib On the H4 timeline the falling wedge is squeezing but is also visible a small hidden bearish RSI divergence, this could shortly lead right in the daily support I mentioned before. Next hours should tell us more information, watch out the price for a possible reversal signal!
Long
by Horrorcoder
STEEM Train 39000 To 50000 and Beyond! Daily Looking at our highest timeframe we see price bouncing off our trendline and minor horizontal support. Price currently trying to find support above our previous higher high. Stochastic RSI showing momentum has bottomed out. 4Hour Shifting over to our pattern timeframe we get a better look at price bouncing off support. Stochastic RSI showing momentum is bullish. Last time BTC was in a correction STEEM was bullish, expecting price to behave the same. A 4hour close above 39000 sats activates our trade. 2nd entry after 4hour close above 42000 sats Hourly Finally looking over at our trigger timeframe we see our minor resistance & support levels. An hourly close above red activates our trade, a close below blue and we wait for a 4hour confirmation of support before taking an entry. Price has broke short term downtrend and taste for support. Stochastic RSI showing short term bearish momentum. Conclusion Buy: After break and close above 39000 sats Sell: NOOOO
Long
by UnknownUnicorn2434649