Steem/BTC about to Steem harder Steem looks like ready for a third round
On the chart look at closings above the 2 upper green lines (672 and 775) for bigger upward movements
Some resistance at 7289
Targets:
775
899
100k
New ATH to be mentionned if this scenario turns out to be correct
My analysis is also based on the 2 previous patterns which indicate that clearly if things don't go wrong steem is going to follow the same pattern again.
STEEMBTC trade ideas
STEEM/BTC Completed Adam & Eve ReversalTake note on the chart. Expectation is Buy & Hold, for a very.. very long time.
Adam and Eve Reversal is completed on the 15 minute chart.
Zoom out and look at the consolidation points since inception of Steem on Poloniex.
A Giant bowl with symmetry is born. Know what this means? Possible Cup & Handel formation.
Steem Swan A close outside the Swan Head is a buy signal, Let's do some artistic stuff while the bots are playing
Small Channel inside the Head is our daily channel
We had a trial of breakout before BTC took over the market and now we are back in
We are in a sweet spot area, the.00070 Mark should hold, If we get there.
My suggested trade would be around the next support area or wait for for buy signals through candlestick patterns or indicators which I will definitely highlight once things are more clear.
I am a holder
Best of luck everyone