Parabolic SHORT opportunity presenting itself on $STEEMUSD as evidenced by the DBL bottom/volume/KC/BB/volume surge & otherwise. Targets 1 & 2 below Perhaps due to the recent rumors/news about Libra getting cold feet? For if LIBRA were to fall apart; that would leave STEEMIT the leading social media decentralized platform on the blockchain, as it has the most...
Steem should finally start the corrective wave up, towards the mid trendline of the descending channel, which is the average price.
$STEEM Reached support level at ~1600sats, interaction in the past with this level lead to a bounce back to ~1900sats. Current volume is non-existent (less than 3BTC on binance over the last 24hs). So please avoid taking a trade here unless we see real bounce signals. #STEEM
If support will hold, the correction up is likely to continue.
Elliot Wave indicates that STEEMUSD is on course for a mid-long term entry @ $0.3951 which (if you made said entry now) would be nearly 100% ROI in IMHO ballpark estimate would be a 7-10 day timeframe. i.ytimg.com Incase any of you folks forgot what an Elliot Wave is. STEEMUSD (i'd be here all night and I need to get some sleep; Idk where to start,...
Approached the uptrend trendline after breaking the 50 Moving Average
The interesting point is that the uptrend trendline is holding, providing some support for STEEM/BTC. As long as price remains above the trendline STEEM is likely to continue range trading within the orage area. Break above the range could be that long wated uptrend confirmation.... at least for short term. In the mean time, risk of break below the uptrend...
STEEM/BTC has just reached previous low, where it rejected the fibonacci support. From now it could be that price will start to consolidate for the time being, but only if support will hold. The scenario where the support is broken can be seen on the chart, but while holds expect range trading or even reversal. Based on my BTC precition (chart can be seen below),...
STEEM price continues to drop against the Bitcoin. Many probably have lost faith in this coins, although it has a real usecase, and it does have potential. Technically BTC dominance should be starting to move down, and I'd expect it to be near 60% of the total coin market cap. And as I mentioned in some of my previous ideas, if BTC.D would in fact start moving...
Seems like all the subdivisions are there. Ready to bounce.
Steem still has to prove that its reversing. Currently the trend remains bearish, although if it breaks above the 2750 satoshis, we minght start seeing some steady gains in coming weeks
STEEM / BTC TA As see from TA, we are 75% into this pattern formation. STEEM is known for abrupt pumps and due to over 95% correction, we can expect to see strong bullish momentum building up at this time.
If current uptrend trendline will hold, steem price is expected to start moving upwards. First target is near $10 area, and if broke, it can move above $30, reaching a $33 target.
#XLMBTC This is not a shitcoin shitcoin. I will be watching for a break. You too, set some Alerts. Remind me if and when we get out of this shitty down trend. Has a big potential. But i wont bother until we breakout and i see confirmed reversal signs.
Accumulate : 300-315 Sellzone : 350-400-450 Holdzone : 475-560-1445 Stoploss : Under 270