STEEM short#STEEM analysis short
Seems like the wedge was broken and then price rallied to a monthly level of 9200 satoshis from December 06th 2017, today it is moving above it after positively testing the weekly level of 10450 satoshis and gaining the level when it make it over the daily level of 11300 satoshis. Now this is the important and more interesting thing to analyzed, should you get started in a position aiming for daily levels of 13400 and then 15200 , will it gain the 17800 monthly level? will STEEM fall back down assuming a monthly support of 9200 satoshis, what do you think?
Steem (Cryptocurrency)
#STEEM new movementSeems like #STEEM is moving within a wedge that can start a possible move towards the recovery side if it breaks the wedge and moves above the 8000 daily level and targeting the 8800 sats daily level with probable resistance at 9200 monthly level which is a very low level formed from last month movement. It could go lower to the 7200 levels and then a possible hitting the weekly level of 6500 satoshis level. A good entry level is at 7000 satoshis and always taking a close look at the 6800 level on the other hand a safe exit level is present around the 8000 satoshis level and if the is a possible break through that level targeting 8800 satoshis it is possible that it will test the 9200 monthly level.
STEEM – almost touched ATL (all-time low)Hi Guys!
We have for you another interesting opportunity. Yes, opportunity. There no guarantees in crypto just opportunities.
STEEM has just almost touched its all-time low price which predestinates it put it on our radar.
Here are technical analysis details:
• Profit/loss ratio – magnificent 1185%
• Ichimoku Cloud - TenkanSen(red) has crossed Kijunsen(blue) and the chart is over both - positive.
• Weis Volume Waves - no supply whatsoever but not enough demand yet.
• Sentiment Zone Oscillator - small correction possible as an indicator is saturated.
Short-term targets:
• 0.00008829
• 0.00009341
• 0.00011987
• 0.00013438
• 0.00015209
If you trade short-term set your stop-loss at 0.000062
Long-term targets on Fibonacci scale:
• 0.00027905
• 0.00041660
• 0.00052776
• 0.00063893
• 0.00079720
• 0.00099881
If you trade long-term set your stop-loss at 0.000050
That’s it.
Please do tell us whether you like such short description and the new layout of the text.
This should minimize the time to acquire this knowledge and make it easier to comprehend the text.
MASSIVE Hugs!
WBM Team
[STEEMBTC](59% PP) STEEM Profits Potential (1000-9000%+)STEEM (STEEM) Overview
Powering Communities and Opportunities
Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. It’s currently the only blockchain that can power real applications via social apps like Steemit.
STEEM (STEEMBTC) Chart Analysis
Long term chart:
I've drawn a few channels and boxes showing the different waves STEEMBTC had over the years.
It is pretty easy to spot a strong wave up after a long channel down.
The smallest bullish wave on the chart above was from Mar to May 2018, which generated over 150% profits.
To me this is a very profitable wave. We also have other waves that generated up to 2500%+ profits, such as back in 2016.
The next wave I am expecting for it to be a big one, maybe 1000%+ if we are conservative... This is cryptocurrency trading after all.
RSI is oversold, which is a very strong signal on the weekly time frame.
STEEMBTC is now out of the latest descending channel, so a break up can happen anytime.
STEEMBTC Trade Instructions by Alan Masters
Buy in: 0.0000720 - 0.0000760
Targets:
(1) 0.0000850
(2) 0.0000980
(3) 0.0001172
More targets on chart.
Stop loss: Close weekly below 0.0000600.
Capital allocation: <10%.
LIFE FLOWS FREELY AGAIN
Free I am in life, like FREE you will always be.
Live easily happily ever after by showing yourself more and more.
Live being grateful of what you have, instead of being fearful of what you don't.
Just saying "Thank You, Thank You, Thank You!" in front of the mirror can start the process of helping your life flow.
Easily and freely your life will flow again.
It all starts with a single practice... The result is being grateful, the practice starts by saying thanks.
THANKS FOR YOUR CONTINUED SUPPORT.
Namaste.
#STEEM longToday's chart for steem reveals that it is loosing weekly support and will mostly keep bouncing within the descending channel that it has been riding last few days. There is a strong indicator for the next possible move, there is a really high chance that #STEEM will meet its lowest level by February 19th and that will cause either a sell off or a bull ride but it just depends how the levels will be created, as previously mentioned weekly level was lost and unsuccessfully tested now we just have the daily levels and see what is the possible move. For now I will keep my stack out of #STEEM and might buy back when 5800 satoshis level is meet hoping for a fast recovery which was something was previously seen in 2017 as well.
Steem is waiting for confirmationIt's super easy to play this one. As soon as Steem close the daily candle above the white line (10 EMA ), it's a very strong signal that confirms the bullish momentum for Steem in the next couple of days. It might rally to retest the Yellow line (50 EMA).
Please keep in mind that this trade is just short term.
Steem long term outlook USDSteem fell below critical support at .60$ marked by bue and bounced back above, downtrend support/resistance marked by orange.
Steem is very, very close to bottom- look at the curves in the volume on Daily chart. Normally a bottom can be indicated by 2 consecutive curves like that. 1 for the dead cat bounce and 1 for the real bottom. I'm almost certain that Steem is gonna find its bottom this month or next.
- Rsi Almost hit the oversold on weekly, still have a bit more to go.
- Rsi is forming a bullish divergence on Daily
- It's about to hit the long-term trend line again, last time it hit the long-term trend line, it goes back to test the 200 ema (> 300% profit)
- About to hit a very strong and solid support at 0.2$ - 0.25$
How to play this:
Layer ur buys at 0.25$ and accumulate all the way down to 0.2$.
If you haven't ever experienced a 300% profit in Crypto, now this is the time. You're welcome.
**Follow me for more good signals, from a 4 years experience Stock & Crypto trader.
Good levels for long positions on steemI think Steem is an underrated coin. I'll keep buy it and this is great time to buy it )
STEEM BTC Pairing and short term gainsWe are now seeing Steem at its bottom, this is the lowest Steem has been since summer (May,June & July 2016).
Short term we will see a retest of the 0.00001094 BTC level, we should break above this level as well as the 50 MA.
From here we will see a run to the 0.0001242 level which has been support for the past few months.
I see consolation coming between these two levels before a possible breakout above the volume well and a test of the 0.0001547 residence
$STEEM, We Have All Expectations…
Weekly
Looking at our trend timeframe we see price continuing to respect out downtrend, with no signs of reversal. Stochastic RSI showing momentum is in favor of bears with another potential drop ahead of us. Last time we were at this price was back in November of last year where we saw a run from 11400 up to 55000. Will watch smaller timeframe for entry, do we get a Q4 repeat?
Daily
Shifting over to our pattern timeframe we see price has found resistance at 12000, and support at 11000. Stochastic RSI showing momentum is in favor of bears, a daily close below 11000 and expect a sell off towards our next major support zone. However if we see a daily close above 12000 expect a push towards 18000.