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Steem / Bitcoin

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STEEMBTC trade ideas

Are you in on STEEM??On my one day chart, STEEM has been holding above a long-term support line below the .382 on my fib extension. Remaining in the green channel of my pitchfork for the better part of the last 2 months this coin looks set to see a possible 10-20 percent rise within the next month with potential to rise significantly beyond that if it breaks resistance. Zooming into the four-hour chart the MACD seems about to cross over the centerline reacting well with my pitch fan. Looking at the RSI in the same time frame it seems to be about to bounce from resistance keeping it out of overbought territory. For the last few weeks, the RSI has remained above 25, another indicator that STEEM remains in bullish territory for now.
Long
by theJadeCrow
2
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.
SLong
by TheWolfOfBinance
Short term Analysis [4 hr tf] for SteemBTCSteem appears to be in a primary wave C position that is the last leg in an expanded flat Elliott Wave Structure. The long term trendline for Steem is also shown (in blue). A Daily candle close below the trendline can help to further accelerate the sell off in STEEM. POI= Point of invalidation which would make this trade set up invalid. The current setup provides a risk/reward ratio of ~4:1. The target (also marked on the chart) is calculated based on wC = 138.2%wA, which is an acceptable projection for the wC of an expanded flat Waves awaiting completion are also shown on the chart
Short
by Coin_Analyst
Steem is in a strong downtrendSteemit has lost more than 30% since the end of January. Steem price has breached the 20-Day and 50-Day EMA support line after several attempts indicating that the support is weak. And as can be seen in the chart, the coin is forming a descending triangle which is a bearish continuation pattern. Even, moving average convergence divergence has turned bearish. However, as can be seen in the Steemit technical chart, the price is currently enjoying support from 100-day EMA. If the price breaches the 100-day EMA support line, it could go much lower.
by LudwigStirner
descending wedgeHello! Please immediately take into account, this is only my own opinion! At this site, we see a descending wedge, this is a fairly rare figure - a figure of a fracture of the trend. We see the dying volume of trades during the formation of the figure, this indicates that the number of players who act in the direction of the previous trend is decreasing. The breakdown of the wedge line of the figure should be accompanied by high volumes of trades, or by a significant increase in them. We hope - at the breakdown of the resistance level and the subsequent growth. The possibility of buying at: 1. Breakdown of the resistance level (upper red border) 1 option can only be considered after - the principle of level duality (the former resistance levels become support levels and vice versa), in this case can fly without retest of the support level.
Short
by nikmagrus