Get started

Steem (Cryptocurrency)

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
POLONIEX:STEEMUSDShort
by 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.
SShort
by CryptoBriefingTA
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
POLONIEX:STEEMUSDLong
by a1mtarabichi
STEEM / BTC Range Trading BeginsSTEEM/BTC has just reached previous low, where it rejected the fibonacci support. From now it could be that price will start to consolidate for the time being, but only if support will hold. The scenario where the support is broken can be seen on the chart, but while holds expect range trading or even reversal. Based on my BTC precition (chart can be seen below), BTC/USD should also correct at this stage, leaving some room for growth to alts.
S
by CryptoPAMM
STEEM / BTC Downtrend stillSTEEM price continues to drop against the Bitcoin. Many probably have lost faith in this coins, although it has a real usecase, and it does have potential. Technically BTC dominance should be starting to move down, and I'd expect it to be near 60% of the total coin market cap. And as I mentioned in some of my previous ideas, if BTC.D would in fact start moving down, this should stimulate growth of Alts. Since STEEM has a real use case and it is already being utilized and apps are being built on top of steem blockchain, this could be the choice of many investors.
S
by CryptoPAMM
3