For 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
What do you think about Ripple? The largest market cap after btc and eth, but price is still very low.. Do you think they're in accumulation or it's a fake?? Thanks buddy
Bewider
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Thanks for the advice. What kind of broker are you using, that you can trade such a pairs?
Thank you Sir For providing the Longterm demand zone of Steembtc! With altcoins crashing with the ATH approach of BTCUSD it really gets very dicy to select the preferred longterm altcoin to get into when the BTC collapse starts! Wud appreciate your Top 5 calls on other important altcoins that you believe wud be good wise longterm investment! Appreciate your supply demand analysis ! Cheers!;)