STEEMBTC trade ideas
$Steem just broke out, might be a big run upI've been following this pair for longer time, waiting for a breakout.
We've just seen the break out, followed by a litte (bullish) pullback and hopefully it continues this move up.
This should be the start of leg 5, but there is way more space for growth.
On lower timeframe (240) MACD turned already.
Don't chase candles, try to find a correction to hop on this possible big move!
STEEM PredictionI've been keeping an eye out for STEEM for a while and it's still not the best time to invest .. yet
Chart showing a head/leg pattern which could be seen in the past and if analyzed shows what might happen next.
rsi slighlty bearish
..
buy zone @ ...20K and below, after that STEEM looks out to be a good investment
STEEM nearing trigger point?$STEEM recently bounced on fib786. I will watch if it now manages to break descending channel. I believe the long term trend will be maintained (purple line).
In a shorter timeframe, we have to watch if the short term support (pink line) holds. From there I see it either going straight up (green arrow) or back down to retest trending support before (orange arrow).
Volume is good and project fundamentals are solid.
This is a long term trade.
Entries :
- If short term trend holds (green) ~0.00037
- If not (orange), then ~0.00030
#steem $steem almost finished its correction. Buy on breakoutSteem is doing an ABC correction which is almost finished.
Ideally it would go a bit further down in to the blue target box, but it can break out any time.
RSI shows allso it can go down a bit more.
Before going long==> wait for the breakout and retest of the trendline!