There is some resistance for steem at 55000 sats ! if we see it push through this it could set a new trend line which could push it up through to 60000 sats ...
if not we could see this moving to a crucial point in the next few days...
keep your eyes on this one !
It seems we may have a possible FLAG pattern forming in STEEM/BTC, with bullish trend about to form on the breakout of structure/channel. Water and Blueberry EMAs are crossing as well as TDI channel bands are extremely narrow, which suggests a strong pending move is imminent.
In this chart I've listed what I see as 2x possible moves, one retracement downwards...
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Fundamental Commentary
This new fork in BTC being launched from AUG 1 2017 will cause a lot of volatility so this may help my trading idea...
There is no chart needed in this graph. Buy some sats and hold it until it explode, it will give you a pretty good amount of return in the end. min 100x.
Try with little amounts and see what happens.
Looks like a falling wedge. Price is bearish at the moment, so i think it will move along the channel, and later this month or august we will see a breakout. Look for entry closer to the end of the wedge.
There's a lot of uncertainty right now with the Bitcoin Aug.1 announcement that will likely affect altcoins.
We are in risky times, so be careful making...
STEEM looks like it could bounce off the upward trend line and continue the pattern from the previous pumps. The amount of gains from each pump has decreased each time, so based on a rough guess I'm expecting around 75% or 111k sat at the peak. DMI just crossed over and MACD is about to turn bullish on the 1D charts.
Looking like a great long trade here for STEEM/BTC. Coming into a corrective elliot wave phase. This is supported by a potential Bollinger bounce. We can also see it's just hit that trend line nicely and RSI shows it could be slightly oversold. I've placed a sell order at .0007 and a stop loss at .000565
Just started out with TA so any feedback or advice you...
This chart looks really good to me, hopefully we can catch an entry at 0.00064125, if we do, we could see potential jump and solid exit points. Ichimoku cloud acts as a strong support, and also this line was tested previously and had a strong buy support and a quick rejection whenever it was passed. Stop loss has been set just in case, because I think trend wont...
To establish a pattern you require a minimum of 3 data points. Unfortunately, this TA does not meet that criteria so is nothing more than optimistic speculation.
However, having a look at the graph I will let you make up your own mind. A similar pattern has occurred as the price has met the overall resistance (bottom of pitchfork) at which point there is a slight...
