STEEMUSDSTEEMUSD
The drop rates and fibo levels are on the chart, they must be 11-17 usd in the 2020 range or 2023 range
It dropped about 98%, then saw the 1.886 level of the fibo drawn between the peak and the bottom and closed weekly at the 1.272 level.
Similarly, it dropped nearly 99% from its new peak. If the fractal movement occurs, the fibo level drawn between the peak and the bottom between December 2020 and December 2023 can be expected to see 1.886-1.272 levels. 11-17 usd
I am not entirely sure how to calculate time in crypto technical analysis, so I used the fibo timeframe and I realized that December 2020 and December 2023 could be important. It makes me very happy to advise me on time.
Education Work, Not investment advice.
YTD
STEEMUSD trade ideas
above .236 long opportunity we've had a such a big long consolidated bottom and we're finally currently testing a breakout zone.
Trade: open long if price has a 4hr close ABOVE .236 price (above red line)
Target: see chart, as my crystal ball is broken currently, if the alt market starts to stall i will update on here but i think theres a good opportunity we complete 5 waves up as per the chart suggests.
Elliott Wave Count on SteemBITTREX:STEEMUSD
Here is my Elliott Wave Count on Steem, from March 2017 to January 2018, it had a mayor multi-month Bull-Market, going from $0.06 USD to about $9.3 USD, that is a 155 to 1 rise. It climbed in a clear 5-wave impulse if you look at it in a Weekly Logarithmic Chart, which I did.
From there it has decline almost 99% from the January 2018 highs, to the November 2019 lows, almost 23 months. From $9.3 USD to $0.09 USD, but above the March 2017 lows of $0.06 USD. The bottom could have been set at the November 2019 lows of $0.09 USD.
The decline from the January 2018 highs to the November 2019 lows has been in a 3 way decline, as seen in the char, an ABC Zig-Zag, elliottwave-forecast.com , a deep and long one.
From that low, it has been rising, along with the stochastics indicator, which is bullish.
This is not a recommendation, just my doing. I’m entering long here, at $0.20 USD, with a stop at $0.08 USD, one cent below support, and with and initial target of $0.60 USD. But of course, it could climb much higher. That is a risk-reward ratio of 3.3333 to 1.
Steem is the cryptocurrency related to the Steemit Social Media Platform, steemit.com , here you can find more information about it: coinmarketcap.com , steem.com
Good Luck to You
Still about to make a move ( likely bullish ) Steem is going to the end of Symmetrical triangle, it's going to make a big move in the next couple of days. And I'm more biased with a Bull move because it's just passed and found support above the Cloud, some momentum indicators also lead to the same Bull conclusion.
That's for Technical Analysis. For Fundamental, Steem is no doubt the most undervalued altcoin at the moment. It has the highest transactions per day with various working DApps. So you can jump in for quick short term profit or just simply hold it for long term.
Steem broke weekly downtrendFirst idea. Hope you like it. :)
STEEM is a coin that I've followed since 2017. Most have left it for dead, but assets that are hated, oversold on long time frames, and in a weekly uptrend are always buy candidates for me.
Fundamental value in the crypto space is always questionable, and I can't tell you whether the STEEM project is going to meet their lofty goals. But the coin generated significant interest in the past, and I think it might see a pump or three in this new alt season that is upon us.
Not financial advice. Trade at your own risk. Full disclosure, I am long STEEM on the green line breakout with orange line defining stop loss. I trade mostly on weekly timeframes, and plan to publish updates as the trade progresses.
Steem - Jack's AccumulationAs you may have seen, Jack Dorsey - CEO of Twitter and Square - recently put out a thread on twitter talking about his plans for a decentralized social media standard.
You can view that thread here: twitter.com
Jack Dorsey is a well known supporter of cryptocurrency and block chain development. In his popular cash app, you are given the option to purchase Bitcoin. Now he's talking about supporting a block chain standard for social media.
In his thread, Jack mentions his associate team of developers that go by "Blue Sky." He makes a very interesting point, without giving too much detail of his plans. He says that the Blue Sky team will use an already existing block chain project or start from scratch.
You'll notice he removes all responsibility and liability from himself by having the work done by a separate entity. This is a smart move legally, and gives a look of social responsibility. But let's be real, Jack is a capitalist. He's an active CEO of two publicly traded companies, Twitter and Square. He's going to have a share of whatever ecosystem is used.
On top of that, why would Twitter dump money into a project to do work that has already been done? Developers are actively working on block chain out of passion. It would be in their best interest to coop an already existing project. Doing this saves Twitter and Jack money in the long run.
Another point - there is going to be some serious money made here. While Jack paints a rosey picture of a decentralized web, the end game for this project is to make a small amount of people ungodly amounts of money. Having an existing project in their sites gives insiders a chance to accumulate the tokens of an already existing and actively traded financial instrument.
Though I am pretty confident in the abilities of the Steem network and its viability for Blue Sky, I could be wrong, and there is definitely financial risk in taking a bet like this. IT IS SPECULATIVE.
Let's get into the meat and potatoes...
Steem took a dive the last 2 years. A high of $9, all the way down to $0.13...
It's gone down quite a bit, and there is room for more. I show a potential downside of 56% from here. BUT, I do think a bottom is close to forming. It'll either be at $0.09 or $0.05. That's quite a spread, but if the Steem network is used for corporate development, it doesn't make a difference in the grand scheme of things. There is inherent risk in this trade, and it is wise to find a prudent and safe as possible entry. I would say the safest entry would be at it's all time low of $0.05. But just know if you wait around for it, it could never come.
I personally will start entering the market at $0.09, knowing there could be more downside to come. I do think at $0.09, we could start seeing a more legitimate bottom forming, pairing with a break of long-term overhead resistance.
The alternative is a breakdown below $0.09 and a rush down to $0.05. This would flush a lot of weak hands out, giving the big players a longer time to accumulate, so I don't think it's out of the question.
I don't like to make definitive price targets, but if I had to, I expect about $0.25 by 2021.
Here are the tickers for Jack Dorsey's companies, Twitter and Square:
NYSE:SQ
NYSE:TWTR
Thanks for reading.
#FRACTAL - Steem 2017 vs TodayWorst exchange of the history AKA Poloniex has delisted Steem. That's why I created a new one.
Steem Great Buying Opportunity - Don't Miss This One - HUGE ROI
Steem Great Buying Opportunity - Don't Miss This One
Steem Crypto Forecast - Technical Analysis
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position which will give a huge ROI
In a lower time-frame (4hrs) this long position has also been conformed.
Target profits are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point 0.15 you can still make profit till TP1 is reached, however there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like , If you like my analysis :)
DBL bottom STEEMUSD confirmed with BB KC FIBO + VOLUMEParabolic SHORT opportunity presenting itself on $STEEMUSD as evidenced by the DBL bottom/volume/KC/BB/volume surge & otherwise. Targets 1 & 2 below
Perhaps due to the recent rumors/news about Libra getting cold feet? For if LIBRA were to fall apart; that would leave STEEMIT the leading social media decentralized platform on the blockchain, as it has the most user-base & a solid roadmap after their scorched earth clean house -- whaever they did worked as they are rapidly progressing and satisfying their roadmap in stark contrast to the previous devs who literally kept the platform in BETA for half a decade.
So if I had to guess as to what's causing the bullish signal on $STEEMUSD it'd probably be the recent news about LIBRA/VISA backing down, though the technical indicators seem to support a bullish outlook regardless; whatever the reason may be, it's a good time for entry.
When in doubt, zoom out & in doing so it paints a pretty ugly picture for the outlook of $BTCUSD as we are most definitely due for a huge parabolic surge but it's going to get worse before it gets better...
You know the cliche, "things get the darkest before dawn" and in the case of BTCUSD priceaction it does appear that way.
IMHO we're in for another 2-3 selloffs before a retrace/consolidation & reversal.
IN THE MEANTIME: I can definitely see altseason on the horizon with plenty of undersold & undervalued alts leveling out before BTC crosses 10.2k R again.
HENCE, my recommendation would be to stick to short positions until we get out of this bear trap. There's plenty of money to be made -- both in USD & esp. in pairing against BTC (which I would not advise *unless you really know what you're doing* for i do not recommend novices attempt to play around with pairings unless they don't care if they lose their investments) as it took me a lot of trial/error and thousands of $$ lost over 2015-2016 before I could effectively establish a rhythm for pairing other tokens/coins against BTC & turn a profit even in bear markets (which I really honed my skills at during Cryptowinter) though I digress.
TP:1 0.1508
TP2: 0.1588
Stop: 0.1360
Disclaimer:
Not financial advise; please trade responsibly. Always set stop-losses! DON"T FOMO/FUD
-@a1mtarabichi
Steem Price Analysis STEEM / USD: Catastrophic LossSteem / USD Short-term price analysis
Steem has a bearish short-term outlook, with the cryptocurrency trading below all forms of major technical support on the four-hour time frame.
The four-hour time frame is showing that the STEEM / USD pair is undergoing a minor technical correction, following a bearish breakout from a well-defined triangle is currently underway.
Technical indicators on the four-hour time frame are bullish and still show scope for further upside.
Pattern Watch
Traders should note that the bearish breakout from the triangle pattern has yet to reach its overall downside projection.
Relative Strength Index
The RSI indicator has turned bullish on the four-hour time frame and still shows scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame has turned bullish and is currently generating a buy signal.
Steem / USD Medium-term price analysis
Steem has a bearish medium-term outlook, with the cryptocurrency trading at its weakest level since December last year.
The daily time frame is showing that a huge complex head and shoulders pattern has formed. A bearish death cross is also currently underway, with the 50-day moving average crossing over the 200-day moving average.
Technical indicators on the daily time frame are bearish, although they appear overstretched to the downside.
STEEM / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the STEEM / USD pair is now trading below the neckline of the bearish pattern on the daily time frame.
Relative Strength Index
The Relative Strength Index on the daily time frame is bearish, although it is attempting to recover from oversold conditions.
MACD Indicator
The MACD indicator on the daily time frame is bearish and is issuing a weak sell signal.
Conclusion
Steem is under major technical selling pressure across both time frames after repeatedly failing to rally and forming a large bearish price pattern.
The trading action is likely to be focused around the huge bearish pattern on the daily time frame, which suggests more medium-term losses for the STEEM / USD pair.
STEEM USD - Watch the triangleYet again a potential double bottom formation. Watch the trianlgle for breakout
50% retracement FULL STEEMUSD (LONG) AHEAD!Elliot Wave indicates that STEEMUSD is on course for a mid-long term entry @ $0.3951 which (if you made said entry now) would be nearly 100% ROI in IMHO ballpark estimate would be a 7-10 day timeframe.
i.ytimg.com
Incase any of you folks forgot what an Elliot Wave is.
STEEMUSD (i'd be here all night and I need to get some sleep; Idk where to start, but I'll just sum up my entire feelings about this platform in one sentence:)
This token is dying...esp with the announcement of $LIBRA (which ironically; I wrote a lengthy blog post on STEEM about how whales were bullying content creators and manipulating curation incentive payouts thus ruining the platform and it would be just a matter of time before a Zuckerberg comes along and makes a better version of a social media platform on the blockchain and ousts you guys!)
Just like many other projections (the release of Bakkt, the centralization & CLA win for XRP) I am a goddamn wizard whose only gift is seeing shit people don't believe until after I get the bittersweet pleasure of saying I told you so.
I'm not gonna bother digging around for that post; I'll post it in the comments tomorrow, its several months old and I'm starting to feel delirious, I haven't slept since Sunday. Lol.
So this means:
Altseason is coming , and with an entry at $0.20 you could effectively double your ROI/investment with TP short/pivot line at S2 set for $0.3915 USD with my EST. timeframe of 7-10 (maybe longer) days.
Please read the disclaimer from my LTC publication -- I reposted on Twitter/Linkdeln and edited so its not written like a dumbass (siri's grammar errors! my bad :) ) but yeah if you're leery about investing in crypto already and especially lower market cap coins; take it from someone whose been around for a while, while STEEM (IMO atleast) will NOT be around in 10 years, it does not mean it will get a quick and painless, it shall die slowly and not quick with a huge big bang like Bitconnect.
Let's not forget that Steem was/is the first social media platform on the blockchain; released in 2014...it still has a small but very loyal userbase primarily in Europe/Asia.
It has many many many flaws, one in particular -- the fact that its still in Beta (after almost 6 years) is inexcusable. I'm also convinced the mods are in cahoots with the whales to manipulate curation payouts but again no need to get conspiratorial it's almost 3AM and i'm going to bed.
Read my disclaimer from my last post on my twitter/linkdeln.
TP 1-2 for the more impatient EMA8 swing-traders are also present; though i would HODL out for $0.3915 TP (or atleast 37.5 cents; but IMO stick with my target if you're uncertain as it goes if you're going to take a bold risk on a sinking ship with a treasure trove of gold...you might go down with it but that's only if you get greedy. Set your stop loss at the red horizontal -- and WAIT patiently, in about a week, two tops, you'll double whatever entry you just made.
You're welcome.
peace & love
@a1mTarabichi
STEEM from $0.2 to $300 in 3 YearsI know, this is stupidly crazy idea, which suggests STEEM price rising 140,000% in the coming 3 years.
Previously I had also crazy idea suggesting STEEM/USD hitting $33 pretty soon.
Perhaps we'll see $30 and then $300?
Time will tell, have fun and enjoy the ride shal it become the reality.
Let me know your thoughts on this.
STEEM / USD x10STEEM still sitting at strong support near $0.2 area. Currently it is forming a double bottom which is yet to be confirmed. Price seem to bounce off the downtrend trendline, providing another support for the pair.
Although it is still a downtrend, if double bottom is formed and Moving Average is broken, this shoud result in a trend reversal. In this case first target is the nearest Fib level, located at $2 resistance.
STEEM VS USD on massive supportIf current support will hold, which is very strong based on the past, trend could start to reverse to the upside.
The Bitcoin dominance is in a correctional phase from 70% high, that could result in some capital moving towards alts.
Steem is in top 100 coins, with a real working product. This could result in more trust agains other alts, and in this case price might be fueled or even puped from the current level.
This might be either a 3 months rally towards $2 or even $5 area, based on fibonacci levles. But at the same time is current low, where double bottom has been formed is broken, there migh be more decline, to test next support around $0.16 area.
STEEM / USD Extreme Area of DemandHere we go, price has reached very important support area and the area of interest for buyers. Look at the previous spike in volume and the level of weekly close. Its preciecely at $0.21, where the price is right now, after 2.5 years.
This could be an apportunity of a lifetime if you are there for long term. I put my money where my mouth is, while recently buying 10k of steem.
This is not a financial advice, but my personal observation and thoughs.
DO YOUR OWN DUE DILIGENCE AND INVEST ONLY WHAT YOU CAN AFFORD TO LOSE
STEEM - Going For The AB=CD CompletionSteem seems to be continuing it’s way down on the daily chart after breaking a flag pattern and is now heading for the most likely turning point around $0.20 where an AB=CD pattern would complete and a major support level is located. This would be the best price to buy from a long term perspective.
STEEM: Bulls are CLOSER THAN you think...An Ascending Triangle, on which there is a Flat Resistance and at least two reaction lows forming the lower ascending trend line is in general terms a BULLISH PATERN.
STEEM has formed a solid ascending support, touched 3 times already and possibly indicating an Exhaustion of the Sellers.
This pattern is usally accompanied by a contraction of the Volume as we have on STEEM lately and it is shown below.
When the upside breakout occurs, there should be an expansion of volume to confirm the breakout.
I think we are going to see a breakout of this eternal resistance at 0.432 USD soon which will bring the price close to 0.6 USD as a start of the UPTREND CONFIRMATION...
Of course, always if the "Big ACTORS" as @steemit , @gsr-io or, why not, @dan himself allow steem to grow according to the usual Market laws and not as it has performed lately...
...or, is STEEM going to become an stable crypto locked artificially at the 0.43 USD?
