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STEEMBTC trade ideas

STEEM/BTC - 2/9/2018Since the beginning of the year, STEEMs price has strictly followed the pattern of an ascending triangle. The length of this pattern mimics that of Ethereum before its huge bullish push, this makes me hopeful that the price of steem will follow the same pattern. The price path indicated by the arrows indicate the rest of the consolidation of this ascending triangle. Due to the magnitude and length of this triangle, I believe the consolidation will be much greater than just 3 touches on each trend line before breakout out into the bullish direction. The target of the breakout is indicated by the green trend line, which also happens to be around the area of the 161.8% fib retracement level. Because this is considered a strong resistance level in an uptrend, this could also be a potential point of reversal in the case the price does not break past it. Important Resistance Levels: 62382, 51516, 50773 Important Support Levels: 44376, 38510 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Long
by EQBM
STEEMBTCOn the 1-Day time frame we have a very optimistic scenario which indicates a growth in this month. The asset skyrocket in June and was in descending channel till the end of December. When it found the support the price went up in 5 Elliott wave pattern this was followed by Elliot ABC correction wave and stopped at Fib 1 support level around 0.000399. Oscillators and moving averages indicate further growth and we expect increase of the price till the Fib 0.618 level. The signal is already in the Premium channel
Long
by Skyrexio
STEEM/BTC LONG NOWWHY TO GO LONG ON STEEM 1. We could have a nice bull flag forming on steem right now, if it does bust out the top this should provide enough volume to push us through the longterm supp/resist line. Currently we see higher highs and lower lows within the flag 2. unlike most of the market, steem is holding well against the complete market crash. I believe this is due to Steem already having its major correction. We are still about 90% down from ATH, reaching a low of about 100% before recent pumps 3. Steem has use. either on steemit, or dtube (youtube-like platform). In addition to use, users can also "lock" steem in a wallet for use on these platforms, leaving a smaller supply and sell pressure on dips. This can ultimately lead to gains back towards the ATH
Long
by kevincantone4
Would I buy STEEM now? I may not. Why?Hello Friends, Here is the analysis of Steem, get to know the best analysis from Maheswar. Looking at the daily chart, we can see the formation of rising wedge and Giant triangle. The price is moving very well in the wedge and it suggests that price can break downside on the corner of the wedge to the target of the support. Well, it would take its own course of time. Note : Entire analysis would go invalid when the price breaks the wedge/triangle upside decisively. The price could move to the 0.0062000 levels and fall towards the support: 0.00012600. We have good resistance at 0.0062000 because of the Triangle and Rising wedge resistance. So I would not enter trade STEEM or stay away for sometime. $bitcoin $BITCOIN $XDN $XEM $ADA $ICX $TRON $TRX $XEL $EXP $ETC $SC $STEEM
by maheswar81
3
BTC-STEEM on Bittrex: Backtest for Gunbot BB-STEPGAINIn the constant search for pairs that are able to generate profit within a trading bot, while reducing drawdown and losing trades, I've been playing with different indicator settings within those available for Gunbot. Using the built in RSI buy and sell level indicators, as well as removing the BollingerBand selling points, I've started to see a trend for un-pumped and slower growth/ranging pairs: BB buy, Stepgain sell. The following backtest buys STEEM at RSI > 35 (trending up), Lower Bollinger Band buy at 10, and sells at 2% and 8% stepgain intervals (no RSI indicator for sell). The timeframe for this test includes the January dips, 1/1/2018 to 2/2/2018. The total estimated return from this test is 80%, while a buy and hold would generate 27% (roughly 3x return from buy and hold). This setting is live now for myself, and I'll keep the reigns held tight - and adjust settings moving forward depending on how relevant the indicators continue to be. -Keade
by keade
1
World busiest blockchain STEEM Listed on Binance today 1st FebFebruary greets us with a great news as the world's first, fastest and busiest social media blockchain is now listed on one of the biggest cryptocurrency exchange Asia. I personally believe this will have a positive impact on the price of STEEM. Wise traders and holders will use this opportunity to buy into STEEM and be the first to get at an affordable price which i just did some minutes ago on Bitshares DEX and Binance. My projection for STEEM is $100 for 3 main reasons. 1. It is the busiest blockchain in the world 2. The price is still at the bottom of the Chart even at the current price of $5+ as seen on Fig 2. although i bought at $0.94 3. It becoming more popular as we are beginning spread the word to unaware users Be the part of a revolutionised internet called the "Blockchain" looking at the chart below on tradingview. STEEM/BTC Bottom price: 9940sat Current price: 51665sat ( approximately $5) Target price: 90484sat 2018 is a year of many opportunity for all crypto enthusiasts. do not be (POOR) Passing Over Opportunities Repeated. take the opportunity to be RICH. the STEEM POWER (SP) is in your hand. Use it wisely. Fig 1 is a smaller cup while Fig 2 shows a bigger cup indicating how undervalued STEEM is at time of writing. have a happy and profitable trading
Long
by Trizle
2
Is STEEM (STEEM/BTC) running out of steam ?My first idea ! 1D: ! Previous resistance at 0.0061 tested 3 times! !! Slightly stretched from KJ (thick blue curve), even more from EMA 50 (thin blue curve) which would suggest a need for correction. !!! New All time high but Bearish RSI, usually not a good sign !!!! If we correct, cloud is very thin so we could easily go through and start a strong bearish downtrend with very little support until 0.0025. My eyes are only looking at the thick green line right now... Let's wait for proper confirmation Let's look at the 1W Still under the Ichimoku cloud, too thick to break in my opinion We need a TS/KJ cross and EMA 20/50 as well. Looking at the RSI, we're already overbought and about the start the fall. On the 1D, we have good signs for trend reversal. Looking at time range, we could break that cloud around June-July to really start going up. Potential for STEEM is huge !!!
by seiferflo
Will I buy STEEM in near future? Is it a good idea?ABSOLUTELY, This coin is about to make a statement, Its nearing the crossover and just had a golden cross about 3-4 hours ago. STEEM is going to make the bounce. I have outlined 2 possibilities for it here. So we are charting this and steem is currently .00048219 By the time 12 hours rolls around we should be near .00050-.00060 Bye 24 hours rolls we should be near .0007-.0008 This would be nearly a 2x gain. So not only do we have STEEM working on a Cup and handle. But we also have bitcoin about to make a rebound aswell. bitcoin has been destabilized and has had it Dominance put in jeopardy buy ethereum. but the past day has shown alot of resilience for our precious bitcoin. This being said. BUY STEEM. its a good purchase and a good investment the community around steem, and the social aspect of the website and content creators is absolutely great. This coin community is growing rapidly. The outreach is reaching ATH. And the Coin is going to reach Near ATH BTC price. But more importantly Will be ATH USD Price. If you like my analysis please Up vote, Like, Subscribe whatever it is that you do. Appreciate you 11-12 minutes in watching my video and reading this brief excerpt. Thank you, JC (TheCryptoGenie)
by TheCryptoGenie
STEEM ON HUGE POTENTIAL - WATCH CLOSELY (LOW-MED RISK)THIS IS A LOW-MEDIUM RISK to HIGH REWARD TRADE POSITIVE INDICATORS 1. Steem has received a fantastic Weiss rating of B- (in our view these ranks are pointless but it definitely followed by a great price surge with media coverage). Steem has also been put into 5th TOP RANK 2. MACD looks positive for Steem short term and long term. 3. Google search for STEEM have went up by over 95% since then. 4. STEEM market cap is very impressive as well. ESTIMATED GAINS Short term prognosis - 20% Gains Medium term prognosis - 70% - 200% Gains Long term prognosis - 1,000% - 2,500% Gains
Long
by CryptoManiac101
5