Weekly Looking at our trend timeframe we see STEEM has now reached our critical support level at 12000, stochastic rsi showing momentum is bottomed out and we should be expecting a reversal. Will be watching smaller timeframe for momentum and candle reversal. Daily Shifting over to our pattern timeframe we see price has found support inside our 13000 zone,...
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
STEEM can drop to its all-time low Vs the USD!
Technical analysis: . Steem/Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . There is a...
Technical analysis: . Steem/Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . There is a...
We have a sloppy cypher pattern and historically nice support area + bottom trendline bounces! Leave a comment about Your thoughts and if You agree with me then hit the LIKE button!
This is a continuation of my previous idea which is called "Timing The Bitcoin Market": I've selected several altcoin charts which clearly demonstrate that a new 100-day candle's opening is an extremely strong catalyst of the Cryptocurrency market activity. EOS BlackCoin STEEM BCH Ethereum Ripple Groestlcoin Litecoin ...
In my last analysis I predicted a Steem price between 1.75 and 1.90 which is about where we are right now. Steem seems to be inching lower lockstep with BTC. If you do your BTC analysis you will know that we are likely going to fall further before we move any higher (around $1000). Full disclosure I hold both Steem and Steem Dollars. The goal of most alt coin...
Steem is moving up after hitting some lows. Most of this has to do with BTC dropping more than some inherit problem with Steem. The challenge in trading alt coins like Steem is you have to keep an eye on the BTC chart as well. BTC has gone up a bit in weekend trading an so has Steem. If BTC continues to move up - you can count on Steem to move up - but it...
Scenario casting two possible moves for STEEMUSD. Currently forming a nice break out pattern with a smaller breakout pattern formed at the top of trend line. This further squeezing is normally is a very bullish indicator of an impending breakout to the upside. However, it appears that there is no buying momentum to break out now, which will more than likely...
wait to buy above the descending wedge
Speaks for itself, in my opinion. This market has been rough on all of us, here's hoping we start a rally here!
Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading STEEM-USD from 28 November 2016 to 26 June 2017, on the Weekly Chart. In this trading scenario, on 28 November 2016 we got a Buy (Entry) signal from my Trading System and we opened the transaction with only 20% of our...
STEEM is on a breakout, possible profit if to follow the upward trend.The coin just finished wave 4 and is looking to get back on the upward trend, wave 5 is expected to come shortly, target for wave 5 is 0.0005 BTC. Other indicators which tell us to buy now is: -Stoch RSI shows oversold and is looking to go back up again -MACD shows close STEEM has proved itself...
Note: this is an abbreviated version of my analysis on Steemit: steemit.com Observations Waves 1 through 4 of both impulses fell below the 0.768 levels of their respective Fib retrace Waves 5 fell in the 0.768 – 0.618 region Waves 5 were repelled by the top of the channel Both corrections started with the top of the triangle around wave 5 of the prior...
Hello Friends We had the sell call on Steem, a few days back. You have saved money on it almost 50-60%. Here is the link Now, we are revisiting the STEEM, May be we are trying to catch the bottom :) My conditions are 1) Price is on the support 2) Forming a flag pattern 3) RSI in oversold 4) Price above MA 5 6) MACD crossover 7) Lows are getting...
Steem almost finished the ABCDE falling wedge pattern which can be played very profitable. Watch the green resitence line for a breakout.