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Steem (Cryptocurrency)

STEEM/BTC ( Finally lost the Limbo game)The Market Cycle is over , and we are back to the original price. This is a trade where my entrance is not really based on upward movement. I do not think STEEM Will go any Lower, and if it stays flat lining then I am not loosing any bitcoin and if it has a crazy Run up I was in it before the hype cycle. I am looking at this like an inactive market, Once it wakes up even if there are ridiculous swings once I am In in the profit ( anything above 30%) Ill have some really loose stop losses. This is one of those trades that I have setup with some Price action alerts and wont check every day. I Will Probably check it twice a week and see if its ready. if it looks like its going to pop I will increase my position accordingly.
by albangasser
5
STEEMBTCFor 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
by tradewonk
17
STEEM train leaving the station!We've just had a big Elliott wave break out on Steem and are reaching the C of an ABC correction. We are currently in the buy zone. This chart is a 343 minute with 4 moving averages at 7, 21, 77 and 235, as recommended by my man @bdkelly1203. we had a great breakout after the 7 crossed the 77, and we just had a cross of the 77 over the 235 - The train's about to leave the station! Target should be below the .382 retracement fib at about 0.000475 or so. This entire move should be the 1 and 2 waves of a larger Elliott wave set, I plan to sell at 3, reenter at 4 and ride up to new highs at 5! Good luck! Choo chooo!
Long
by Az_am_I
5
STEEM TO DOUBLE IN PRICE! - Major movements.Steem's value is currently under 60% of the Fibonacci, therefore the market has reclaimed more than enough of it's value to continue a large uptrend. On the graph with have small and major resistance + support levels, follow them line accordingly and make trades based on which one is broken. Steem has seen much higher prices in the past and we should see them again in the, not too distant future. First target - 0.00035K. Second target - 0.00064K.
Long
by thomasfar6
2
Steem Buy OpportunityIt looks like the market reached the bottom. We see that 0.0002240 support level could stop falling market. When the price broke the downtrend line, it was a signal that probably the market would reverse. A bullish divergence confirms trend reversal. MACD supports upward movement. We have buy opportunity. Pending orders should be placed above SMA50. It's 0.000300 level. Stop orders must be below the support level. Profit targets are 0.000400 and 0.000600 levels. If the market drops below the support level, we'll have to wait for new trading signals.
Long
by DLavrov
9
STEEM/BTC - Looking great to start the next impulse up.We should now start to see money coming back into altcoins again and I think STEEM is ready to make the next impulse up. The idea behind STEEMIT is great and I can see the platform becoming more and more popular once it moves out of beta. I personally think that it will become a legitimate threat to Facebook and Twitter and will spearhead the next generation in Social media. So fundamentally and technically this chart is ready to go. Good luck traders Bitking.
Long
by Bitkingfx
STEEM DOLLARS AT PARITY - POSSIBLE BULLISH SIGN Today we can see on the daily chart the steemians currency, the steem dollar, reaching an important psychological level that has served as support on past occasions. If we see this daily chart, we can realize that for the 2 months the price of the steem dollar has been ranging between 1.50 and 0.80, creating important signals at this levels. Today, the price is reaching the parity level and we might see some important signals that might give us a clue that the steem dollar is on the way up. This signals are: 1-Price reaching the parity level at 1.00 2-1.00 or parity level being reached three times in the last two months, going up on the three times almost to the 1.50 mark. 3-200 Moving average acting as an important sign of mobile support and being respected for the last 5 moths. 4-Last 6 candles being bearish in a consecutive way, giving for this reason a strong argument to a bullish candle for the next days. My advice would be: 1-Waiting until confirmation of at least one bullish candle with a strong sign to enter,for the risk takers, and one bullish candle followed by another confirmation candle for the most conservative ones. 2-Stop Loss below 0.80 to create a good space for the currency to breath before going up. 3-Take profit at 1.50 to take profits is a good amount but being aware of the channel and resistance at the 1.50 level, if you put your stop loss at 0.80 you have a good 1 / 2.33 risk reward ratio. If you have any doubts, comments or suggestions, I am here to serve and help. God Bless Us All.
POLONIEX:STEEMUSD
by tommyjose92