Steem Bullish Chart, Leads To Bullish Cycle In A Bull-MarketWe are looking at a new All-Time Low. The lowest price in more than 8 years.
We are looking at five years of consolidation.
We are looking at low risk, vs a high potential for reward.
Good night my dear reader, it is night here in the Caribbean...
Even a medium-sized wave can produce more than 500% growth for this pair. A small wave would end at 344%. And a big wave can produce 1,000% or more.
In 2021 this pair, STEEMBTC, produced a 500% bullish wave. But this wasn't a real bullish wave but a small bounce, an inverted correction. The way the chart is set up now it can produce an actual uptrend, it has been bearish since 2017.
Something I mentioned frequently last month came back to mind again. When everything hits the fan, when the world goes south and panic sets in, people will be looking for stability or at least the impression of stability, and in the Cryptocurrency market this can be translated into old projects, pairs that have been around for a long-time. This is one of those. This is just a thought.
The chart is bullish and support higher prices in the coming bull-market.
Prepare for growth.
Thanks a lot for your continued support.
Namaste.
STEEMBTC trade ideas
STEEMBTC to 3 digit satoshi or less.- Nothing to says for STEEMBTC while it's moving inside down trend pitchfork. Get out from it might had a change for STEEM/BTC to survive which took around Q4 or next few years depending STEEMBTC movement.
- support and resistance. to avoid much clutter on the main chart.
- Indicators (CMF, CCI and OBV) is still on bearish area on daily. No bullish divergence sighted yet. as indicators still made a lower low compare the previous low.
✳️ Steem | Best Boom Since 2017 (Name Your Altcoin #20 ✅)Steem has been consolidating since March 2021, one of the longest consolidation phase in the whole cryptocurrency market.
Steem is also one of the "strong ones", last years bear-market hit bottom in May 2022 rather than June, July, November or December, much more early than the rest of the altcoins.
This pair, STEEMBTC, is set to produce its strongest bullish wave since March/June 2017, when it grew by 1600%+ on a "dead-cat bounce".
This time it will be different though and instead of a dead-cat bounce we are set to experience a strong bull-market for this pair, the first ever.
The potential is huge as Steem has been printing higher lows for the past two years and is already trading above EMA10 with a strong RSI, the first target can produce 60%+ easy.
The second target is set at 250% and long-term a huge 1,235%+ potential is possible.
Keep an eye on this one so we can check back and see how everything turned out.
Wishing you good luck and great profits.
Thank you for reading.
Namaste.
STEEM Weekly Analysis (225% Potential Profits Mid-Term)Let's continue the second round by analyzing at the famous STEEM (STEEMBTC) altcoin, we are looking at the weekly chart.
First, let's start with the relative strength index, we can see it at over 56.
We consider this index to be strong at 30 or higher when using the weekly timeframe.
We have a symmetrical triangle which is a neutral pattern but also have a break above EMA50 and conquerd down-trendline.
This signals higher prices.
I am mapping a nice 58% short-term followed by 225% total with additional potential for those patient enough to wait for the upcoming bullish wave to unfold.
It is all very simple when it comes to the Altcoins.
To increase your holdings of Bitcoin, buy ALTSBTC (Altcoins vs Bitcoin) pairs and hold.
Very simple.
Thanks a lot for your continued support.
Namaste.
STEEM/BTC-1W-BINANCEhis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
🆓Steem (STEEM) Aug-24 #STEEM $STEEMSTEEM has spent 2 months for moving sideways around 1200sts and in the coming days, STEEM is likely to have a strong rally with the nearest 2 targets at 1800sts and 2400sts and it can absolutely increase stronger. But if it loses the 1200sts zone this turn, it will fall down to 800sts zone
📈BUY
🔴Buy : 1150-1250sts. SL if B 1000sts
📉SELL
🔴Sell : 1750-1850sts. SL if A
🔴Sell : 2350-2450sts. SL if A
♻️BACK-UP
🔵Buy : 750-850sts. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
STEEMBTC - STEEM UDS - STEEM LONGENTRY - STL - TP on picture
TP of me . And TP of you , i don't know
You can buy more if price lower entry
" High risk scaling consider when entering orders "
Wait to entry no buy price now if price done TP2 , We cancel this order !
THIS SHITCOIN BUY 20% $ TOTAL ACCOUNT
I am fomo following the recent pump dump events
Steem Analysis - STEEMSteem is showing some bullish signs on the USD pair. With a price fold over the 1.618 level, in addition a green Gaussian Channel, which is a very reliable trend indicator
However, on the BTC pair price action is quite low
If a trend reversal occurs on the BTC pair the USD value could go quite high
Steem is a good coin, I have thought about baghodling it
STEEMBTC wants the breakout! 🦐STEEMBTC wants the breakout after the price tested the weekly resistance. IF the price will have a breakout from the resistance, and turn into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.