GAINING $STEEM, LIFTOFF IMMINENTBefore I start the TA, let's consider the fact that, IMO, Steemit is going to replace or at least challenge twitter/youtube/facebook (since it has all 3 on a single platform, plus more)
Looking at the charts though, we've got beautiful signals all over the place and our wedge is so tight its about to flare up like a tiki torch. I'm in for 10% of my crypto holdings at this point, but I am no financial advisor, especially since I don't know your situation.
Targets are listed on chart but are as follows -- note theres no particular time frame to hit these, and if the chart loses form I'll have to recalculate all of it.
1) 53,000 sat
2) 58,000 sat
3) 65,000 sat
4) 78,000 sat
5) 99,000 sat
STEEMBTC trade ideas
Steem is going to growSteem is a very good project and I'm absolutely sure that it's a good idea to buy and hold this coin for a long time. Look at www.similarweb.com - this website grows rapidly since november. It will influence on a price of steem very well in a long run.
Short TP1 - 44000 sat. Short TP2 - 48000 sat. Very conservative long TP - 60000 sat.
Steem VS Bitcoin Could Blast AnytimeAfter finding the bottom at 8825 satoshi, Steem immediately started to rise breaking above the 200 Moving Average. After the correction and rejection of the 200 MA, STEEM/BTC continued going higher breaking above the descending channel and reaching 57k satoshi high on the 3rd of January.
The corrective wave down followed, where Steem went down exactly to the price where the descending channel was broken and there 23.6% Fibonacci retracement level was rejected. This price action could suggest the continuation of the uptrend sending Steem up to the very strong resistance at 90k satoshi, where it could form a double top together with the high established back in June 2017. Only break and close below the 200 MA could invalidate bullish outlook.
STEEM/BTC - Reversal- Change of Trend on DailyIt's time to buy Steem. Price action on the daily chart has changed the trend from Bearish to Bullish seen by the recent price pattern - Higher high and higher lows.
The previous move swing price made a clean higher and high then retraced from a 382 and held the 50% and previous support/resistane before making another move higher.
The price projection of this swing looking at the 161.8 is very close to the previous ATH of this pair. I am looking at this level to take profit.
STEEMBTC - getting some steam backSTEEM fell very deep from its high one and a half year ago and is now getting some volume back (see chart bellow). With assumption that 2018 will be THE year of cryptos, we can set up a long term trade/investment.
Entry above 45k (45100 would be a nice entry) with targets at Fibonacci extension levels. You can cash out some parts of trade at certain levels, depending on market conditions. Around 100k there will be strong resistance for sure. If you'll get chickened out and sell everything at that level you will still be over 100% in profit. I'd put stop loss bellow 35k, can be corrected later.
On downside, if 35k will get broken before we reach 45k, we could touch 20k or even 10k levels again. I don't see this as very probable, but you never know how things turn out.
Zoomed in 1D chart:
STEEM for those STEAMY profits!
Undervalued project at only 1Billion, even if it does 5x from here it still puts it at only 1% of facebooks mkt cap, although my target is much higher than 5x. Technically looks great as well as it has broken its logarithmic downtrend, and looks to have completed its 5 wave up and ABC correction back down. We should now be starting the next wave up, and I expect this one to test or rebreak the 100k sats level before another minor pullback. Dans projects also seem to be getting more attention as of late as seen with EOS.
Good luck with your trades!
STEEM . 300% gains in 2018This is a forecast based on Fibonaccis.
From previous lows to recent highs,
Price has dipped as low as the .618
Is currently in a bullish hammer at the .5.
Onward and Upward to the 1 and 1.6 targets.
Put in Fiat terms. What is $4 today will be $12 by Christmas, if not by end of summer.
That means if one invests in nothing else for the next month or so, one has the potential to triple their return.
Will this happen? I don't know. Can this happen. The chart suggests so.
STEEM
A STEEM Idea For Wave 5 - Fib BasedHere's a quick trend based fib assessment for our current STEEM wave count on 1-10-2018. STEEM could continue the climb into wave 5 if BTC remains bullish.
Wave 4 could retrace more and allow for more vertical movement into wave 5. If wave 4 stops here, we could see a shortened wave 5 somewhere in the .618 fib range (.0007 BTC) as shown on the chart.
STEEMBTC 5th wave up! (100-500% potential)Steem has already had its 4 waves up and is getting ready for the 5th the last one. Looking at its past there is a chance that it will reach near the 0.0006BTC and come back down to our buy in level and then consolidate a bit and then go for the 5th wave. One more plus for this is that it already has a working platform.
Buy-in below 0.00043BTC
ATTENTION! This is just my outlook on how i see the prices moving, buy at your own risk!