SteemSteem will pump again, because after this double bottom and this throwback, there is a new green candle...
STEEMBTC
We Break out for more gainsI hope you are in this as long term investment
A breakout of a triangle after a strong bullish wave
Expectation
If we break out the next resistance level to fly
Please check our other ideas for Steem and the helicopter view
Trade to your taste
Steem; Mirror Mirror who is the most beautiful? Happy HoldersSteem one of few cryptos that already has solid product
Well established community of contributors with steady growth.
Bottomed out for more than 190 days without a much of a budge
Current established support on the right side of the chart was tested on few occasions and for sure mirror a previous resistance level on the right side of the chart.
Next resistance level at around .00070 BTC ; 50% profit
If Steem gathers momentum to clear that level over the next week, next level is for sure above .001 more than 100% Profit
Key levels are marked on our chart as per historical data
In the bull market we are living today,
The risk to reward ratio for short term traders is appealing
The potential of growth for long term traders is massive over the next few months.
Kindly do your research and trade to your taste
I will update with strong buy signals
Steem timeSteem refusing to return to the previous channel indicating strong support
Oversold on the Stoch RSI in generally strong upward trend
Candle structure suggesting starting to gather momentum for continuation
First target around .00057 for this week
For long-term targets review our other idea
Trade to your taste
STEEMBTC - It's just the beginningHighly bullish on STEEM and have been for a while. I think Steemit has great potential moving forward, especially since the user base is constantly growing. For the past few days we've seen slow but steady upward movement. We see positive volume and MACD is showing upward momentum as well. I think we'll pass 0.236 fib and we're either going to keep going or retrace back to 0.382 or even 0.5 for support.
Planning on holding this for a while!
STEEMBTC - STEEM Found Support, what will it do next?Steem community is growing day by day! I see that it found support at round the 0.618 fib level however I'm still not convinced on the upward trend. I think it's going to either bounce between 0.618 and 0.5 for a couple of days or start to climb. However I'm not expecting substantial growth quickly (which is a good thing!). This would be a good time to buy and wait until it breaks the 0.5 fib level. If it does, I'm expecting it to follow the trend line.
If you're holding or buying short term, set your stops 0.00035 if it decides to dip. Otherwise HOLD...Steem has a lot of potential for growth over time :)
Neutral for now, will update if anything changes!
