STEEMBTC
STEEM IS MAKING MOVES - DOUBLE UP ON PRICE BY MARCH 7-15 2018
Color Chart
Short Term Channel: Cyan (solid line)
Long Term Channel: Blue (dashed line)
Fib Trend Line: Magenta (dashed line)
EMA55: Yellow (solid line)
Short Term Resistance Line: Green (dotted line)
Long Term Resistance Line: Gold (dotted line)
Lowest Point of Correction: 78.6% FIBONACCI RETRACEMENT = $2.63
Targets
Sell Target #1: $6.72
Sell Target #2: $10.00
Indicators
RSI: Uptrend @ 50.03
EMA55: $4.23
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
About STEEM
Steem is a blockchain database that supports community building and social interaction
with cryptocurrency rewards. Steem combines concepts from social media with lessons
learned from building cryptocurrencies and their communities. An important key to
inspiring participation in any community, currency or free market economy is a fair
accounting system that consistently reflects each person's contribution. Steem is the first
cryptocurrency that attempts to accurately and transparently reward an unbounded
number of individuals who make subjective contributions to its community.
Steem Whitepaper: steem.io
STEEM/BTC - 2/9/2018Since the beginning of the year, STEEMs price has strictly followed the pattern of an ascending triangle. The length of this pattern mimics that of Ethereum before its huge bullish push, this makes me hopeful that the price of steem will follow the same pattern. The price path indicated by the arrows indicate the rest of the consolidation of this ascending triangle. Due to the magnitude and length of this triangle, I believe the consolidation will be much greater than just 3 touches on each trend line before breakout out into the bullish direction. The target of the breakout is indicated by the green trend line, which also happens to be around the area of the 161.8% fib retracement level. Because this is considered a strong resistance level in an uptrend, this could also be a potential point of reversal in the case the price does not break past it.
Important Resistance Levels: 62382, 51516, 50773
Important Support Levels: 44376, 38510
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
STEEMBTCOn the 1-Day time frame we have a very optimistic scenario which indicates a growth in this month. The asset skyrocket in June and was in descending channel till the end of December. When it found the support the price went up in 5 Elliott wave pattern this was followed by Elliot ABC correction wave and stopped at Fib 1 support level around 0.000399. Oscillators and moving averages indicate further growth and we expect increase of the price till the Fib 0.618 level. The signal is already in the Premium channel
STEEM/BTC LONG NOWWHY TO GO LONG ON STEEM
1. We could have a nice bull flag forming on steem right now, if it does bust out the top this should provide enough volume to push us through the longterm supp/resist line. Currently we see higher highs and lower lows within the flag
2. unlike most of the market, steem is holding well against the complete market crash. I believe this is due to Steem already having its major correction. We are still about 90% down from ATH, reaching a low of about 100% before recent pumps
3. Steem has use. either on steemit, or dtube (youtube-like platform). In addition to use, users can also "lock" steem in a wallet for use on these platforms, leaving a smaller supply and sell pressure on dips. This can ultimately lead to gains back towards the ATH
Would I buy STEEM now? I may not. Why?Hello Friends,
Here is the analysis of Steem, get to know the best analysis from Maheswar.
Looking at the daily chart, we can see the formation of rising wedge and Giant triangle. The price is moving very well in the wedge and it suggests that price can break downside on the corner of the wedge to the target of the support. Well, it would take its own course of time.
Note : Entire analysis would go invalid when the price breaks the wedge/triangle upside decisively.
The price could move to the 0.0062000 levels and fall towards the support: 0.00012600. We have good resistance at 0.0062000 because of the Triangle and Rising wedge resistance.
So I would not enter trade STEEM or stay away for sometime.
$bitcoin $BITCOIN $XDN $XEM $ADA $ICX $TRON $TRX $XEL $EXP $ETC $SC $STEEM
BTC-STEEM on Bittrex: Backtest for Gunbot BB-STEPGAINIn the constant search for pairs that are able to generate profit within a trading bot, while reducing drawdown and losing trades, I've been playing with different indicator settings within those available for Gunbot. Using the built in RSI buy and sell level indicators, as well as removing the BollingerBand selling points, I've started to see a trend for un-pumped and slower growth/ranging pairs: BB buy, Stepgain sell.
The following backtest buys STEEM at RSI > 35 (trending up), Lower Bollinger Band buy at 10, and sells at 2% and 8% stepgain intervals (no RSI indicator for sell). The timeframe for this test includes the January dips, 1/1/2018 to 2/2/2018. The total estimated return from this test is 80%, while a buy and hold would generate 27% (roughly 3x return from buy and hold).
This setting is live now for myself, and I'll keep the reigns held tight - and adjust settings moving forward depending on how relevant the indicators continue to be.
-Keade
World busiest blockchain STEEM Listed on Binance today 1st FebFebruary greets us with a great news as the world's first, fastest and busiest social media blockchain is now listed on one of the biggest cryptocurrency exchange Asia.
I personally believe this will have a positive impact on the price of STEEM. Wise traders and holders will use this opportunity to buy into STEEM and be the first to get at an affordable price which i just did some minutes ago on Bitshares DEX and Binance. My projection for STEEM is $100 for 3 main reasons.
1. It is the busiest blockchain in the world
2. The price is still at the bottom of the Chart even at the current price of $5+ as seen on Fig 2. although i bought at $0.94
3. It becoming more popular as we are beginning spread the word to unaware users
Be the part of a revolutionised internet called the "Blockchain"
looking at the chart below on tradingview.
STEEM/BTC
Bottom price: 9940sat
Current price: 51665sat ( approximately $5)
Target price: 90484sat
2018 is a year of many opportunity for all crypto enthusiasts.
do not be (POOR) Passing Over Opportunities Repeated. take the opportunity to be RICH.
the STEEM POWER (SP) is in your hand. Use it wisely.
Fig 1 is a smaller cup while Fig 2 shows a bigger cup indicating how undervalued STEEM is at time of writing.
have a happy and profitable trading
STEEM ON HUGE POTENTIAL - WATCH CLOSELY (LOW-MED RISK)THIS IS A LOW-MEDIUM RISK to HIGH REWARD TRADE
POSITIVE INDICATORS
1. Steem has received a fantastic Weiss rating of B- (in our view these ranks are pointless but it definitely followed by a great price surge with media coverage). Steem has also been put into 5th TOP RANK
2. MACD looks positive for Steem short term and long term.
3. Google search for STEEM have went up by over 95% since then.
4. STEEM market cap is very impressive as well.
ESTIMATED GAINS
Short term prognosis - 20% Gains
Medium term prognosis - 70% - 200% Gains
Long term prognosis - 1,000% - 2,500% Gains
STEEM Bearish DivergenceThe price bounced from 0.000600 level. A bearish divergence gives us a trend reversal signal. RSI confirms price reversal and MACD histogram supports downward movement. Probably we'll see the falling to one of possible support zones. The 1st zone is formed by SMA50 and 0.000300 support level. If we get a confirmed price reversal signal, we'll be able to open new long postions from this support. If the market drops below this zone, the 2nd support will be at SMA100 and 0.000225 support level. This zone will be able to give a buy signal with good potential profit.
steem/btcSteem has a great opportunity to buy for a few days before a bigger pump.
buy: 0.00043-0.00046
sell:
target 1: 0.00049399
target 2: 0.00051685
target 3: 0.00053971
target 4: moon
tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG
XmXxWSgRqa4ZzzQUbWQnsAfxA1RGPScqZN - DASH
0xB62e34A9C3090Bb442a60C3f5d6Df72Db0341143 -ETH
SteemBTC : Sell Signal? Hi there,
Steem/BTC witnessed a good increase in price in the last hours.
But Steem is now struggling around 58k. It may be a really good time to sell a portion of our steem holdings.
Indeed several factors tends to indicate we may have temporarly got to the top :
- We have hit the previous Top that occured in the beggining of this year (Fib resistance 1) at 58k
- Using my custom "Boundaries" indicator we have reach the first level of resistance from this indicator (orange line) : usually most coins don't pass this orange line except if there is a really strong rally (that's why you only sell a portion of your holding not all in case you break this one)
- On my multitool indicator, the red curve that sum up the score from multi time frame indicator, has touched the sell level.
- The MACD is also above the Sell Level and crossed.
- The godmode indicator is also above the sell level and crossed.
STEEM [STEEMBTC] New ways to pump cryptoWeiss just showed ratings of cryptocurrencies. Looks like new ways to pump and dump cryptos.
For Steem we have symmetrical triangle.
In case of breakout in upward direction we have few nice targets:
0.0005192
0.0006054
0.0007149
0.0008541
To see weiss ratings - join our telegram or look for it on weiss website.
STEEM possible movementIt had almost 100% retracement.
Both weekly Stoch RSI and MACD look good
3d Stoch RSI and MACD are fighting for upward movement; it also tried to break the Ichimoku cloud
1d Have a little Stoch RSI and MACD downoard trend. Broke Ichimoku cloud and currently trading above it. It may retest the cloud
6h Stoch RSI seems to want to reverse. It may need to gain support in Ichimoku cloud or little bit under it
1h has momentum but needs to break the cloud. Fortunately, it is a small cloud
Had a retracement to 0.786 fib level but also may still go as low as 0.883, it would also test the cloud
This move may go for 1.618 fib
This also may be part of a larger move.
STEEM BTC - Long Term trade - BUY with target 616%Steemit is a strong project, tipped as the next gen social media / blogging platform.
By comparision to other projects, the platform is already up and running. And paying!!!
Fibo analysis points Steem "on the floor", in zone 1.
Buy now = 0.00040
Target = 0.0029 (616%)
Allow time for this trade to develop.
STEEM/BTC - Short-Mid RangesBased off my TA ive made short-long term target zones (ranges) that could be met. Im just starting to working on my short term TA analysis so please take this post as potential targets and do your own research before making trades on this coin.
Fingers crossed! & Good Luck!
(1-day candles, time frames may not be accurate)
Steem is going to growSteem is a very good project and I'm absolutely sure that it's a good idea to buy and hold this coin for a long time. Look at www.similarweb.com - this website grows rapidly since november. It will influence on a price of steem very well in a long run.
Short TP1 - 44000 sat. Short TP2 - 48000 sat. Very conservative long TP - 60000 sat.