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Steem (Cryptocurrency)

STEEM/BTC find it's support Aside from BTC price effect.. steem/btc is doing good recently. find it's low support around 4k satoshi and i expect it will consolidate between 0.236 (4359 satoshi) and 0.786 ( 5122satoshi) for awhile before it will start it's bullish movement after it breach 200 EMA around 5800. MACD so far doing great in daily chart although in 4 hour chart sighted a bearish divergence between price and MACD short term i expect a pull back and its possible consolidate a while before it will start the impulse movement to upside starting by breaching 200 EMA (5800satoshi) in 4 hour timeframe. please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion. and please feel free to share what your thought on comment section. peace.
by MisterCatt
Descending wedge should break in the 3 coming daysI can clearly see that if the current price recovers today above 4800 satoshis level, tomorrow above 4600 satoshis or the day after above 4450 satoshis it is very likely that this descending wedge will be done. As a steemian myself I really hope for recovery and as previously seen the steem ecosystem is also fueled by what top currencies do while reacting on big market changes and this time should not be an exception. I'm currently trying to get on hold of the lasts chances to get #steem cheap while more and more chances that a new move will likely happen in the coming days.
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by raserrano
Steem/BTC into the Unknown TerritoriesUpdate from my previous steem/btc chart regarding the giant descending triangle pattern.. look like it broke the support and the price keep going down. price below the EMAs line parabolic sar in bearish trend Indicators CMF is in bearish zone macd is interestingly show a low volume despite the price is drop and a clear bullish divergence is sighted rsi is bearish zone and oversold in history in steem/btc price in poloniex atleast i really dont know when it's going support going to be as i cant measure the support using the top of descending triangle as the price will be below 0 satoshi and since this is a low capital coin ( $ 100,348,809 at the time i write this) can easily being moved whether it's going up or down.. When the price does break above 7000 satoshi -which will be a resistance since the price action already broke it- that will be a good sign for upside momentum. please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion. and please feel free to share what your thought on comment section. peace.
by MisterCatt
Analysis on STEEM/BTC and price objectives Can you see the clear inverse correlation between BITTREX:STEEMBTC BINANCE:STEEMBTC and BTC Dominance? ** Not at all calling this a STEEM/BTC bottom, but the chart itself is fascinating. Some main points: 1) Sitting on support @ 2 year ATL - bust these lows and we need to redraw our fibs for profit targets. 2) Confirmed bullish momentum/volume divergence not shown on this chart, but present within OBV and MACD. 3) BTC Dominance not looking toppy which makes our bull case for STEEM/BTC unlikely at this point in time. 4) 50% retracements make for conservative and reliable price targets. Thank you Mr. Gann. 5) Majority of alts looks similar. Ran TA on STEEM because of the interesting low we're testing atm. Want to learn the basics of technical analysis, risk management, and the fundamental principles of profitable trading? Check out our Level 1 course.  Giving it away for free right now for Tradingview users to beta test over the next few weeks.  Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money.  Use discount code 'Tradingview' - learn more and get a free course preview here:   education.truebinary.io
by bitflip01
1
#STEEM just hitted bottom, now what?I have been closely looking at what #steem will probably do and this movement got a bit more intense with recent crypto news shaking the markets in previous days. Most of last week I have been away from charts and from crypto but this caught my attention and as I called in a previous analysis that steem was going to hit 8800 satoshis by April the 30th and today I must say I'm wrong. It has just created a new bottom which sits around the 6550 satoshis and it will need to test the past bottom which was around 6582 satoshis. In any direction this is the start of a new movement that to my eyes seems promising those who are willing to enjoy the ride to at least the 8800 satoshis monthly level which stills holds strong. On the other hand following another bear month #steem can fall to the next possible low around 2100 creating a pretty new situation in which (i really hope it will not happen) anything can happen and cannot really tell what to do next. It seems far easy to break towards the right in which a new recovery move will likely happen.
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by raserrano
Using Fibs and basic indicator for STEEM/BTC After it break the channel from 9k satoshi, followed by latest Fibonnaci Spiral. acting as a potential support and upcoming resistance. So far it's pretty bearish movement for Steem/BTC with Fibonacci resistance fan after being rejected by 200 EMA but looking at Indicator such as RSI, Stochastic RSI and Macd seems give me a signal that it's a good time to accumulate.. notice a small buy momentum begin to appear in Macd and lower level of RSI also Stochastic RSI. will it hold 8k satoshi line or fall further toward 7k satoshi? who know what might happen especially if the crypto that didnt have big liquidity as top 10 cryptos anything could happen, especially during btc dominance is rising could affect most of alt-coin , in my opinion it's a good time to accumulated toward this level. please feel free to share what your thought/idea about Steem/BTC. peace
by MisterCatt
STEEM/BTC Broke the channelAfter being rejected by 200 EMA and broke the channel in my previous chart. it's clear a prolonged bear trend is continue + broken trend line that already established since december 2018. using ichimoku cloud Stochastic RSI, RSI and Macd is also continuation of downtrend while ichimoku cloud still not closing in into a bearish cloud/trend yet and stochastic RSI is lower level, there's expectation for some minor bounce in near future to test bottom channel level and if possible to get inside and resume the continuation of the movement within channel.. i keep watching 2 support line at ; - 8200 satoshi - 6500 satoshi while EMA 200 closing in toward the 2 support line.. i expect a major move either way to downside or upside in couple of months...
by MisterCatt
#STEEM moving back to 8800 satoshis, D day April 30thAfter breaking the descending wedge and now the target support level is around 8800 satoshis. After that there are 2 options that will logically follow this move, either breaking the trend line by April the 30th which will probably create a new wedge towards the upper resistance level or we will be able to experience another low support level that will be formed with the previous daily levels. On the other hand moving up will look at testing the monthly level around 11k satoshis and then moving at the next level which will be 13k satoshis.
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by raserrano