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.
STEEMUSD
STEEM Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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Thanks for visiting.
[STEEM/BTC] EARLY BUT IT COULD BE PROFITABLE [50-100% POTENTIAL]#STEEM / BTC ( Binance, Bittrex )
Buy Range : 0.000133-0.000136
Stop Loss : Not recommend
Target 1 : 0.000164
Target 2 : 0.000211
Target 3 : 0.000270
WEEKLY CHART
- RSI on lowest point in two years and near oversold zone ( positive )
- Negative SAR ( Negative )
- Below moving averages ( Negative )
- Lack of volume ( Negative )
DAILY CHART
- SAR was positive in the last four days ( positive )
- Falling Wedge pattern has been broken ( positive )
- Sideways accumulation after bloodbath ( positive )
- RSI dontrend broken after touched oversold zone ( positive )
- MACD showing some strenght in the last days ( positive )
- CCI has turned into green ( positive )
- CMF is has been performing good in the last two weeks ( Positive )
- Lack of powerfull volume ( Negative )
- Below moving averages ( Negative )
4H CHART
- EMA20/MA50 crossed and support candles ( Positive )
- MACD is falling after first little pump ( negative )
- Ichimoku cloud hasnt been broken twice and still below it ( negative )
- Below MA200 ( negative )
CONCLUSION
After massive bloodbath , Steem has broken its falling wedge and is throwing some early positive indicators which looks interesant to make an investiment. Also, some important facts like price and historic base support zone can suggest we are near of the bottom.
On the other side, there are some negative indicators which cant confirm bullish reversal yet. If altcoin market continue performing good we could have first good movements in this nice coin.
Stay safe,
Mike
$STEEM, Tick-Tock…
Weekly
Looking at our trend timeframe we see STEEM has now reached our critical support level at 12000, stochastic rsi showing momentum is bottomed out and we should be expecting a reversal. Will be watching smaller timeframe for momentum and candle reversal.
Daily
Shifting over to our pattern timeframe we see price has found support inside our 13000 zone, stochastic rsi showing momentum in favor of bulls. A daily close above 13500 and expect a radial spike towards the 21000, however if rejected by our trendline expect our sell to continue towards 10000.
There is possibility for the beginning of uptrend in STEEMUSD Technical analysis:
. Steem/Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.4443 to 1.1025). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4443)
Ending of entry zone (1.1025)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.8935
TP2= @ 2.1460
TP3= @ 2.6432
TP4= @ 3.0239
TP5= @ 3.6475
TP6= @ 4.5472
TP7= @ 6.1394
TP8= @ 9.2557
TP9= Free
There is possibility for the beginning of uptrend in STEEMUSD Technical analysis:
. Steem/Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.4443 to 1.1025). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4443)
Ending of entry zone (1.1025)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.8935
TP2= @ 2.1460
TP3= @ 2.6432
TP4= @ 3.0239
TP5= @ 3.6475
TP6= @ 4.5472
TP7= @ 6.1394
TP8= @ 9.2557
TP9= Free
Time To Pump ItThis is a continuation of my previous idea which is called "Timing The Bitcoin Market":
I've selected several altcoin charts
which clearly demonstrate that a new 100-day candle's opening is an extremely strong catalyst of the Cryptocurrency market activity.
EOS
BlackCoin
STEEM
BCH
Ethereum
Ripple
Groestlcoin
Litecoin
EverGreenCoin
PinkCoin
Golos Gold
DigitalNote
GeoCoin
EBoost
ZClassic
tipjar 3PUhWeWTghoingJ5PphyK3yoChrza1p7qq
Steem Should You Buy Or Sell It All?In my last analysis I predicted a Steem price between 1.75 and 1.90 which is about where we are right now. Steem seems to be inching lower lockstep with BTC. If you do your BTC analysis you will know that we are likely going to fall further before we move any higher (around $1000).
Full disclosure I hold both Steem and Steem Dollars.
The goal of most alt coin holders is to gain more BTC. That is unlikely to happen with Steem or SBD until BTC has corrected course. I wouldnt be surprised to see Steem hit 1.25 or lower while BTC continues to slide.
If you are timing the market to buy Steem at a discount - we still have quite a bit of pressure to move downward - I wouldnt buy for anything less than 1.50 or more likely 1.25.
If your in the Steem and looking to make a move - you might want to get your position to cash and wait for the inevitable downturn - before the market goes bull again.
Steem Moving Up But Be CarefulSteem is moving up after hitting some lows. Most of this has to do with BTC dropping more than some inherit problem with Steem.
The challenge in trading alt coins like Steem is you have to keep an eye on the BTC chart as well. BTC has gone up a bit in weekend trading an so has Steem.
If BTC continues to move up - you can count on Steem to move up - but it will likely be temporary if BTC correct again (which is likely).
If you are sitting on some Steem and are looking for an opportunity to make more - i've set my target on the chart. A re-entry point would be somewhere below $2 as BTC does another dip.
I'm a believer in Steem - it should be a $10 coin when the market picks up again. In the meantime the volume is very low - but opportunities to get in low and get out a little higher still exist.
Stack That Steem!
STEEM Analysis [UPDATE 21-05-2018]Scenario casting two possible moves for STEEMUSD.
Currently forming a nice break out pattern with a smaller breakout pattern formed at the top of trend line. This further squeezing is normally is a very bullish indicator of an impending breakout to the upside. However, it appears that there is no buying momentum to break out now, which will more than likely result in a spill further down. Should this be the case, we can expect consolidation near the key $3 level.
There is a head and shoulders pattern that isn't the clearest, but on completion would target $1.50. At this stage, the bearish scenario looks more probable and provides the greater risk/reward should you decide to trade.
On the flipside, should STEEMUSD break out to the upside, we can expect a re-test of the $4 area.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trading Scenario STEEM-USD (28 November 2016 - 26 June 2017)Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading STEEM-USD from 28 November 2016 to 26 June 2017, on the Weekly Chart.
In this trading scenario, on 28 November 2016 we got a Buy (Entry) signal from my Trading System and we opened the transaction with only 20% of our investment capital. Entry price $0.21
On 26 June 2017 we got the Sell (Close) signal from the Trading System and we closed the transaction with profit. Closing price $1.61
PROFIT: 663%
About my Crypto Trading System. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable transaction. The trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals. My goal, making a nice profit percentage at the end of each year, for a solid long term growth of the invested capital.
I wish all of you, the best trades, and very green profits!
Peace and Love
Global Crypto Trader
-----------------------
DISCLAIMER
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
STEEM, PROFIT OPPORTUNITY (SHORT TERM-36 %)!STEEM is on a breakout, possible profit if to follow the upward trend.The coin just finished wave 4 and is looking to get back on the upward trend, wave 5 is expected to come shortly, target for wave 5 is 0.0005 BTC. Other indicators which tell us to buy now is:
-Stoch RSI shows oversold and is looking to go back up again
-MACD shows close
STEEM has proved itself before when the market was on a bull run, same story is trying to take place. However in my opinion wave 5, consists of 5 smaller waves which are shown using scattered lines.
Buy-in price: 0.00033-0.00038 BTC
Targets:
1. 0.0005 BTC
2.0.0006 BTC
STOP-LOSS:0.00031
STEEMUSD Near Future ForecastNote: this is an abbreviated version of my analysis on Steemit: steemit.com
Observations
Waves 1 through 4 of both impulses fell below the 0.768 levels of their respective Fib retrace
Waves 5 fell in the 0.768 – 0.618 region
Waves 5 were repelled by the top of the channel
Both corrections started with the top of the triangle around wave 5 of the prior impulse and the bottom between waves 3 and 4
Waves A, B, and C all fell below the 0.768 level
Projections
The C wave of the current correction will pierce the bottom of the triangle around April 27
Price will rebound from the bottom of the channel around May 13
Price will continue to be trapped in the triangle until around May 17 – 18
Waves 3, 4, and 5 of a third impulse will respectively touch the 0.5, 0.768, and 0 levels of the second Fib retrace around June 1, June 29, and August 20 – 21
Wave 5 will touch the top of the channel again around August 20 – 21
Confirmation
The MACD is currently in good form. We could see the histogram briefly turn negative, so long as it stays in the wedge (white trendlines), which could correspond to the move below resistance at the end of wave C, but we’d like to see a bullish divergence in the form of continued upward movement from the trend lines as confirmation and a quick recovery.
The Stochastic RSI is currently heading further into overbought territory, so a downturn could be impending, confirming the the C wave down.
Please keep in mind that these are only approximate projections based on historical patterns, that what’s past is prologue, and that these forecasts will hold true until they don’t, at which point they will evolve with market conditions.
Make sure to follow me on Twitter at twitter.com/TheGaloisCxn
or StockTwits at stocktwits.com/galoisconnection .
If you found this analysis insightful, please consider helping to support my work as an independent analyst by donating to one of the addresses below, using my referral link to sign up for your own Universal Basic Income on Mannabase at mannabase.com/?ref=b4aba8dc22 , or by upvoting and sharing my work on Steemit at steemit.com/@galoisconnection .
BTC: 1FmczGKN4h3gaaGV6srqEThNQucnyD31zN
BCH: qzryuezy63ga4wc7kk0qmj7ce4cespcq2udezx52ag
ETH: 0x94C4aBD95f1e33a9e553B7EA3147257dA797bF42
LTC: MSRPU5PvY3TyDFb86CNyp8VVMsddfNTBc4
Disclaimer
The above analysis is based on reasoned conjecture and opinion, and is intended solely for educational or informational purposes. It is not intended to be, does not constitute, and should not be construed as a recommendation to buy or sell any security or instrument, or to participate in any transaction or trading activity. Seek a duly licensed professional for investment advice. The above is derived from information believed to be reliable; however, we make no representations as to the accuracy, completeness, suitability, or validity of any information provided. We accept no liability for any errors, omissions, losses, injuries, or damages arising from its display or use. All information is provided as is, with no warranties, and confers no rights.
Steem for 100% trade.Hello Friends
We had the sell call on Steem, a few days back. You have saved money on it almost 50-60%. Here is the link
Now, we are revisiting the STEEM, May be we are trying to catch the bottom :)
My conditions are
1) Price is on the support
2) Forming a flag pattern
3) RSI in oversold
4) Price above MA 5
6) MACD crossover
7) Lows are getting closer
The above reasons convince me to take a risk, So I would Buy. My Buy zone is
0.00024500 - 0.00027500
Target : 0.00055000 (100-110%)
Sl : 0.00023000 (5%)
Note:
1) BTC fall can impact the market sentiment and can impact alt price. So keep a watch of the prices and exit on sl hit.
2) No need to wait for the exact Target. You can exit if you feel the market is not in favor. Price below 5 MA is the first sign of negative.
Good luck friends.
Check my Signature for the Telegram information.
STEEM: Potential breakoutSteem almost finished the ABCDE falling wedge pattern which can be played very profitable.
Watch the green resitence line for a breakout.
STEEM GOES NUCLEAROn the very support.
Gained 50% in 2h chart 2 days ago.
MACD 4h/daily crossover in the very front of entire market.
Predominated 12/26 on 1 day chart from January.
Potential is huge and its highly volatile coin.
Gaining 50% of value (2200sats to 3400says) and stayin in " upper chanel" (above 2500 sats, rebouncing and gradually building price).
Falling wedge from January.