STEEMBTC trade ideas
STEEM: BULL RUN LESS THAN 24 HOURS = 22.90% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 22.90% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
February 2: STEEM is listed on Binance.
February 18 : Steem AppBase release candidate is released.
April 10: Positive Article was released by Businessweek which stated that Facebook was losing creators to blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit.
April 26 : Positive Article from Forbes which covers the rise of blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit.
An increase is trading volume is driven by Korean Exchange Upbit accounting for 59.52% of all exchange volume. Furthermore, positive hype around Steemit as a possible competitor to Facebook (in light of privacy breaches) is likely to have triggered a surge in price for STEEM.
#BITCOIN #BITCOINPRICE #STEEM #TRADING-STEEM (STEEM)
STEEM HAS BEEN SHOWING UPS AND DOWNS SINCE THE FOUND BOTTOM AT 5769 Sats. THE PRICE WAS TRAP INSIDE THE TRIANGLE ON A BEAR MARKET. WHEN IT WAS BROKEN, THE PRICE CHANGED THE DIRECTION TILL THE RESISTANCE AT 64923 Sats AND THEN WENT DOWN TO SUPPORT AT 19074 Sats.
AGAIN WE HAVE THE PRICE INSIDE A TRIANGLE, A NEW ONE, SO WE HAVE TO FOLLOW THE PATH. IF IT BREAKS RESISTANCE AT 64923 Sats, WE CAN GET TO 101222 Sats.
STOP LOSS UNDER SUPPORT 19074 Sats.
STEEM vs BTC - STEEM Runnning out of Steam? Ok, lets have a quick look at STEEM vs Bitcoin on the daily chart.
Back on the 11th of April we finally broke out of the long term down trend channel! The EMA 12 crossed over the EMA 26 in a bullish reversal fashion around the same time, and since then we have formed a smaller uptrend channel which we are currently trading within.
Over the last few days we have tested how much support the EMA 12 would provide us. Although we did pierce through it on the 22nd and 23rd though it has since held, albeit support is only just holding currently.
As you can see we are also currently testing the resistance of the 23.6% Fib which has thus far provided some tough resistance. So it’s possible that we will break out to the down side of the smaller dotted uptrend channel, which could result in a move further downwards to perhaps test the support of 23.6% fib level. (Note: there is also the possibility of a small descending triangle forming which is not completed so I have not added it in, though it is on my mind. The next few days will give us confirmation). In addition it's worth mentioning there is very low volume currently, so unless volume builds and quick, then we are unlikely to break through the 23.6% and continue the uptrend.
The MACD is sitting fairly neutral, with (thought there is not much momentum so this could change quickly!), and Aroon Up is started to trend downwards – both suggesting indecisiveness.
At time of writing we have a falling three methods candlestick pattern emerging on the half hour chart, hinting at the possibility of a break to the downside of the uptrend channel, though this is only an emerging pattern and has not actually completed yet.
In terms of trading I am waiting to see whether the uptrend channel holds. Provided it does hold and we can break through the 38.2% fib (we need to see an increase in volume to get us there), there is not a lot of resistance until the 61.8% fib. On confirmation of breakout is where I will be executing my buy order, with a sell just short of the 61.8% fib. If the channel doesn’t hold, then I can see a drop to re-test the 23.6% fib which would be an excellent buy zone. For now we wait and within the next 2-3 days we will have a clearer picture of how this plays out and whether I go long or short in the short term.
Cheers!
STEEM gearing up for another moveIt's currently consolidating in a bullish pennant on the 6 hour. It has the potential to make a sizable move (so higher or lower) within a week or 2. If you are to buy in, buy in at the lows in the trend, and be sure to set a tight stop-loss. Bitcoin still has the chance of crashing down to 5,000, so alts will be taken down with it.
The "Pro" title in my name means nothing. DYOR.
Steemit Upside potentialSteemit (STEEMBTC) has been in consolidation following the rally from the last few weeks.
If price continues up, we can expect it the reach the resistance around 0.00045, where we can expect a reaction.
If the price drops down, the next support is around 0.00033, where we can expect the rally to resume.
Good Luck,
CryptoTrendline
Full STEEM Ahead *Update* :D
Weekly
Looking at our higher timeframe we can see price has formed a descending pennant respecting structure. Inside pattern we see a Higher High an Higher low formed. Last week’s high still holding (0.00043500) Stochastic RSI showing momentum heading towards upside.
Daily
Taking it down a timeframe we an see daily resistance @ 0.00040000 shortly followed by support @ 0.00032900. Price had previously broken out of an ascending triangle from April 4th —April 10th (0.00025000—0.00028000). Stochastic RSI showing us momentum wants to head down. If price does not hold at this level expect price to retrace to it’s breakout zone. @ 0.00028000
4Hour
Shifting over to our pattern timeframe we an see a nice bullish trend was start on April 2nd, and has remain intact since then. Price forming triangle breakout pattern. Stochastic RSI showing momentum wants to head towards the upside. Support looks to be holding @ 0.00033000, break and close above 0.00035000 activates long trade.
Hourly
Finally taking a look at our trigger timeframe we get a better look inside or triangle breakout patten. A break and close above 0.00034700 on the hourly and we will be seeing leg 2 of the bullish wave.
STEEM about to start 5th wave?A lot of people think bitcoin will correct down from $9k but the BTCUSD daily chart looks very bullish to me.
I'm expecting bitcoin to reach and break $10k and probably correct down before $11k
This should provide the alt coin market (in general) with their 3rd "pump" phase, aka the 5th wave of a elliot impulse up.
Target price is golden box.
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