steem two possibilitybuy in yellow curve if he broke the resistance buy from the red curve by aloukaUpdated 222
$steem preparing for breakout?Steem made a deep correction and bounced exactly on the bottom of the target box. Its heading towards the top of the channel and already broke RSI trend. My advice is to wait for breakout and buy when you see a consolidation after breakout on lower timeframe. Check my tutorial "how to trade breakouts" below. I will update on lower timeframe once we have a valid trade. Longby Crypto_EdUpdated 6639
obvosc + Traffic-lightsi love obvosc. and Traffic-light (TL) and i found big divergence in STEEM-btc chart. also TL line3 black-blue is very powerful buy-signal.by ducksjc6
Steem daily closing in on bottomI'd keep eye on Steem for a week or two. Bullish activity could be upon it.Longby igster1
Steem Bounce Expected Price 0.00025BTC 20 Aug 2017An upwards bounce is expected on Steem. Whether this will be just a rally or a change in structure it's too early to say. Sean Vengan Professional Cryptocurrency Trader and Trading EducatorLongby UnknownUnicorn10631894410
STEEM - Have the DEVS run out of selfesSTEEM?This currency doubles every year creating possible issues with excess supply with limited demand (unless you are a famous blogger). Rapid free fall inc, with no clear defined support areas Disaster Incoming? Devs need to control redefine the supply or find a way to drastically improve user adoption Personally not game to catch this falling knifeShortby DJPx16
Steem Will remain strong?steem and new dips of passed 0.00045002 and close under it, our trap will be between 0.00027577 &0.00025577 keep eye on movement We ask Allah reconcile and repay Shortby HamadaMarkUpdated 7735
Steem - we are in my "Alert Zone"As previously forecast, our patience has paid off. Steem has returned to the area I highlighted in advance. There is no disputing that Steem is in a downtrend. However, we are on ALERTto see if it is reaching oversold. Note this is a CounterTrend trade - so initially trade small. If and when we get our long signal and trigger this presents a very low risk high reward opportunity for us and then we can add to our position, to maximise profit. These are the trades you want to look out for which others won;t be awake to. So stay alert my friends. If you wish I will keep you posted when I see a trade entry ... Hope this helps. Sean Vengan, Professional Cryptocurrency Trader and Trading Educator by UnknownUnicorn1063189111116
STEEM touching the trend line - Reversal? There might be a chance to enter a long trade here but first let's examine the 4H chart a little bit. We can see an unperfect possibility of the Head And Shoulders formation which is coming to an end near the trend line. This is in correlation with the Fibbonacci level . Inside the right 'shoulder' we can see an inperfect descending wedge. Bulls and Bears are in war here and there is no clear evidence about the next move of the market (sounds funny:) We should consider a few things here : 1) We are touching a trend line - possible strong reversal. For that we need bounc of RSI from the oversold area supported by volume. I suggest validation of the changed trend by setting a pending order above 0.00042. We want to see nice strong green candles in the new direction. Otherwise it can be only a local swing and down. 2) Head And Shoulders is a bearish sign and quite reliable. Here an imperfect version. 3) STEEM community is growing very fast. The platform itself is an awesome social media on a blockchain where authors are payed by upvoting. One actualy working aplication among many un-human IT projects. Core members and active users of the product 'never' sell. We will keep an eye on that. Stay posted. Good luck and peace!Longby AwesomeTradeUpdated 226
Possible W bottom on the DailyThere is a possible W bottom forming on the STEEM daily chart. Price is retesting the previous breakout low, and looks like it will close without tagging the lower band. This could be an early sign of a trend reversal. Should be clear within a couple more days. Good luck and happy trading! Longby SpocksBrain4
STEEM Trading ScenarioHello, Today I will analyze the social media platform coin named STEEM. Similarly to most altcoins, STEEM/BTC took an important (but waited and quite due) correction after going from 6k in March to its all time high at 100k in May (16x growth). Today STEEM/BTC trades around 40k which represents 60% in retracement. But with BTC coming back on its feet and with the current chart setup of STEEM, good opportunity of trading could come. Indeed, on the chart you could see that STEEM/BTC is inside two descending triangles which are bullish patterns because it tends to break upward. STEEM bounced on the bottom of those triangles several times on the last months. At this level as you can see we also have a 0.382 Fib resistance (dashed black line) and also a longterm upward trend (purple line). Yesterday this purple line and the bottom of the triangle intersected and the price bounced on it. The first triangle (between the lower black and the orange lines) is a short term one which should resolve before the 11th of august and a medium term one (between the two black lines) which should resolve before the end of August. If the first triangle brokes upward we may see an uptrend in order to test the the top of the descending triangle (up to the upper black line maybe up to 45-47k). If the uptrend momentum is big enough, we could even see a break of the second triangle. But I think we will have several bounce inside the second triangle in August before it breaks. If this second triangle break upward we will test the 0.618 fib resistance around 64k with maybe a small stop at the “fake” fib 0.5 resistance around 53k. If one of the triangle breaks downward STEEM may go down to 28k at the 0.236 Fib resistance. If this support doesn’t hold we may revisit 20k. On the indicators side, the mix of OBV, ADX/DMI, RSI , Volume Zone and MacD doesn’t give a strong buy signal because they don’t concord at the same time. The best signal is shown on the chart with the green B letter around 38k which also correspond to today price range. In conclusion, It may be a good time to buy some Steem (at the bottom of the triangle after a bounce for a more risky bet or when the triangles break for a safer buy). by TompouceUpdated 2
200sma Daily support on STEEMBTC #steemitThe Daily chart is looking nice with the 200sma support right below the price. It had a much needed breather and now looks ready to reverse higher near the .236 fibonacci retracement level. I also made my first post on steemit today :D steemit.com steem.io coinmarketcap.com Longby AaronXUpdated 668
Steem has a history of blasting up, its never a bad idea to holdAs the chart shows, STEEM has a history of doing very big jumps up if gets the right volume. Considering STEEM is about 60% down from its recent high in early June (.000945), and is only at about 10% of its ATH at .00686 from July 2016, I think its not a bad idea to accumulate some STEEM just in case it decides to go for a another ride up. Longby UnknownUnicorn11957154
STEEMBTC 4H CHART STEEM ENTRY LEVELSSTEEMBTC, while sitting near a major support zone, has formed a rising channel within the 4H chart. Mayor downtrend from a descending triangle is really strong, and price close to the line. Should a bounce be confirmed from the support zone, new entry opportunities might emerge. BTC uncertainty is playing a major role on this trade. WNZ Get live updates and analysis of the cryptocurrency market: t.meLongby WaineNZeddmoUpdated 1
STEEMBTC Weekly trend with fibonacci retracements #Bittrex chartSteem looks like its getting close to a bottom, watching for a reversal in the near future as we head near the 200sma on the daily chart. The longterm outlook on steem is bright since steemit is revolutionizing the way people share content. This could easily move back up to previous resistance near the .236 to .382 fibonacci retracement levels. Accumulation and dip buying for the longterm seems like the way to go. My first steemit post :D steemit.com coinmarketcap.com Longby AaronX3
STEEM seems like price reversal area.Look at STEEMBTC 3.14% in 60min. RSI and MACD say STEEM in Price reversal zone. It's time to get good profit now. Buy range: 40520-42240 TP1: 46450(can just pass) TP2: 51680 TP3: 60000 Good luck to your property and take chance to make profit :DLongby MoneyWormUpdated 4
LONG STEEM/BTC Trade Idea - Short termJust broken the bullish rectangle support level, looking to enter around the 0.00042 mark at major support. Hopefully then is able to bounce to previous support level before heading back down to major support line. This would essentially create a double bottom, and will look for price to hit the 0.618 Fib retracement level on the Daily graph. Green boxes indicate profit points, blue boxes indicate buy area Plan - Purchase at around 0.00042 once reversal has been confirmed - Sell initial investment at previous support/new resistance at about 0.00046 - Buy back in if price retraces to major support (around 0.00042) - Take profits again at major resistance (about 0.00053) - Take all profits at Fib retracement (0.00059) - Initial stop/loss set at 0.00038 - Trailing stop/loss will be set at previous profit/entry point (excluding the first)Longby blakerenUpdated 3