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Steem / Bitcoin

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STEEMBTC trade ideas

STEEM Trading OpportunityThe market is at possible bottom. The support zone is formed by 0.000160 and 0.000150 support levels. The current levels are good for buying in long term. We can place pending orders above SMA100 at 0.000180 level with stop orders at 0.000140 level. Profit targets are 0.000220 and 0.000300 resistance levels. MACD is going to support upward movement and DMI allows opening long trades. It's trading opportunity and we can try to catch possible upward movement.
Long
by DLavrov
9
STEEM/BTC ( Finally lost the Limbo game)The Market Cycle is over , and we are back to the original price. This is a trade where my entrance is not really based on upward movement. I do not think STEEM Will go any Lower, and if it stays flat lining then I am not loosing any bitcoin and if it has a crazy Run up I was in it before the hype cycle. I am looking at this like an inactive market, Once it wakes up even if there are ridiculous swings once I am In in the profit ( anything above 30%) Ill have some really loose stop losses. This is one of those trades that I have setup with some Price action alerts and wont check every day. I Will Probably check it twice a week and see if its ready. if it looks like its going to pop I will increase my position accordingly.
by albangasser
5
STEEMBTCFor long term investors: I believe STEEM could be a great digital currency to invest in long term. Their great idea of social network is rising very fast. There are a lot of good reasons to have Steem Power. By keeping your currency as Steem Power Units, you will be able to make considerably more money in the long run because you essentially have ownership in the network. Stuff to remember: — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly — Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future — The strong initial move can contain a few small retracements but not so many that make this move slow and weak — Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run — Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms — Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance — A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is
by tradewonk
17
STEEM - Long PositionSteem seems to have found support on the previous up trend line, while the 235 SMA has formed upper resistance, forming a nice dovetail from the breakout run. I remain bullish, although my previous posts were a little too early. The 21 SMA has formed a trough-to-trough sin wave curve, ending right on the 235 SMA. This could result in an inflection at the point of contact. The price may bounce between support and resistance once or twice more, but I expect it to break resistance soon. Pending buy orders can be placed above resistance at ~0.000285, with a stop loss below the support line at ~0.000265. Initial target should be around ~0.000395, just below the high of the previous break out at the 0.236 retracement fib. I expect the price to move higher long term, but this seems to be a zone of strong local resistance. Another element to consider is the vertical orange line, indicating the approximate time that China could announce its new Cryptocurrency regulations. This coin should be relatively distanced from the effects of Chinese regulation, but the previous period of FUD relating to Chinese regulation has taught me to be cautious. BTC may take a hit and the market might get scared. I have taken a measure of the time and percentage of the previous breakout and moved it to the current candle. If we see a breakout within 5 hours or so, then we could have a repeat of the previous breakout to reach our target before any news hits the markets. Just be cautious, and consider taking profits early. The news was previously announced at 3pm on Monday, China time (UTC +8).
Long
by Az_am_I