STEEMBTC
STEEM bounce off trend lineSTEEM looks like it could bounce off the upward trend line and continue the pattern from the previous pumps. The amount of gains from each pump has decreased each time, so based on a rough guess I'm expecting around 75% or 111k sat at the peak. DMI just crossed over and MACD is about to turn bullish on the 1D charts.
Potential STEEM/BTC TradeLooking like a great long trade here for STEEM/BTC. Coming into a corrective elliot wave phase. This is supported by a potential Bollinger bounce. We can also see it's just hit that trend line nicely and RSI shows it could be slightly oversold. I've placed a sell order at .0007 and a stop loss at .000565
Just started out with TA so any feedback or advice you could give would be great :)
LONG on STEEM/BTC, SOLID 8:1 risk reward ratioThis chart looks really good to me, hopefully we can catch an entry at 0.00064125, if we do, we could see potential jump and solid exit points. Ichimoku cloud acts as a strong support, and also this line was tested previously and had a strong buy support and a quick rejection whenever it was passed. Stop loss has been set just in case, because I think trend wont recover if it goes 10% below the support line.
The way we exit according to the chart is to see if we pass Exit1 and based on RSI and MACD we make conclusion that momentum is still moving us up, if we for instance hit Exit2, and have a strong pullback towards Exit1, we should get out of our position. Ideally, we will reach Exit3.
The rise of the Steem Backed Dollar? SBDBTCFundamentals: Good dev team, been around long, growing user base, lots of real world applications for the currencies, therefore lots of liquidity and good distribution
Uncertainties: Not sure about the inflation model of the steemit platform, and how this affects the value of SBD. Also, Bitcoin rising in the near future could certainly hurt the SBDBTC pair
STEEM repeating same breakout cycle for third time?(Looks like the bottom line shifted before I publish couple seconds ago, dark green line goes under today's 7/4 daily candle. Rest is the same.)
Haven't followed $STEEM much, but these fractals are quite telling..
Pullback to line before next candle up?
Steem Weekly chart
Price action bullish
price correction
Brakes applied on the fall and now accelerating again
finding lower line and moving on
volumes are picking up on the daily chart if that continues next leg up is not here yet
Lots of attention as evident by the number of posts about it on trading view
on the other side, we might want to test the 65 mark one more time
Steem/BTC about to Steem harder Steem looks like ready for a third round
On the chart look at closings above the 2 upper green lines (672 and 775) for bigger upward movements
Some resistance at 7289
Targets:
775
899
100k
New ATH to be mentionned if this scenario turns out to be correct
My analysis is also based on the 2 previous patterns which indicate that clearly if things don't go wrong steem is going to follow the same pattern again.
STEEM VS Bitcoin Technical Eliiot wave chartSBD VS US DOLLAR
Looks pretty bullish in the nearest future market is consolidation above the support will find a good support at wave tow and then proceed further to wave 3 for long term bullish trend Price is expected to reach 0.0045btc which is $10 use a coin..
So keep steaming steemit may be you become a in nearest future.
STEEM/BTC Completed Adam & Eve ReversalTake note on the chart. Expectation is Buy & Hold, for a very.. very long time.
Adam and Eve Reversal is completed on the 15 minute chart.
Zoom out and look at the consolidation points since inception of Steem on Poloniex.
A Giant bowl with symmetry is born. Know what this means? Possible Cup & Handel formation.
Steem Swan A close outside the Swan Head is a buy signal, Let's do some artistic stuff while the bots are playing
Small Channel inside the Head is our daily channel
We had a trial of breakout before BTC took over the market and now we are back in
We are in a sweet spot area, the.00070 Mark should hold, If we get there.
My suggested trade would be around the next support area or wait for for buy signals through candlestick patterns or indicators which I will definitely highlight once things are more clear.
I am a holder
Best of luck everyone
Repeating pattern on STEEMNice repeating breakout patterns on POLONIEX:STEEMBTC .
I think we are now in another one and I'm gonna play it.
It's little risky because of a some green pump candles at the beginning of the last triangle, but the uptrend is obvious.
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The analysis above show my vision on the current asset. On every idea published by me here I invest part of my money, but before deciding to do the same, please, do your research and invest at your own risk.
I will be glad to hear your thoughts at the comments :)
STEEM/BTC Pennant breakout to 100kSTEEM/BTC is looking good for a long position based on daily and hourly pennant.
Will head to 100k based on previous move and could move further up depending on where the breakout occurs.
I am long on this at about 81k. I think there is a good 20% to be made here.
Stay focused and trade to trade well.