STEEMBTC trade ideas
STEEM about to explode STEEM's RSI is spiking and its about to break a long bullish pennant. You can see a nice squeeze from the Bollinger Bands preparing to launch it to new highs.
I use STEEM frequently, I think that it is slowly becoming a huge social media platform. It rewards you for posts and participation in STEEM and is run with blockchain technology. I suggest that everyone makes a steemit account and starts posting in order to earn some free STEEM!
GO LONG
Follow me on steemit @nschairer
Long Steem, breakout beginning. Cup and HandleBuy single indicated by Godmode on 4h
Entry below 50,000 sats, exit 25% around 75,000 sats, watch for a breakout higher to over 150,000-250,000 satoshi's
Now finishing a cup and handle, on the 1 hour as well, this is one the more clear entries I have seen.
STEEMBTC - STEEM Found Support, what will it do next?Steem community is growing day by day! I see that it found support at round the 0.618 fib level however I'm still not convinced on the upward trend. I think it's going to either bounce between 0.618 and 0.5 for a couple of days or start to climb. However I'm not expecting substantial growth quickly (which is a good thing!). This would be a good time to buy and wait until it breaks the 0.5 fib level. If it does, I'm expecting it to follow the trend line.
If you're holding or buying short term, set your stops 0.00035 if it decides to dip. Otherwise HOLD...Steem has a lot of potential for growth over time :)
Neutral for now, will update if anything changes!