Buy alert triggered on STEEM
New trading signal triggered on STEEM
STEEM is currently a buy on the STEEM/BTC chart according to sublime trading signals.
The suggested price targets are listed below:
(Source: https://twitter.com/SublimeTraders/status/1276575509292466178)
The chart setup can be seen below:
(Source: https://www.tradingview.com/x/ElVrx4XP/)
Remember, these are just trading signals and not investing advice. They are meant for educational purposes only.
Do your own DD and make your own trading decisions.
Stay informed my friends.
-Doc
Hi friend... your post gave me curiosity because it had been a long time since I saw Steem/BTC pair.
This would be my analysis and the TP are for a medium term goal.
Here I post you how I would enter... and the stoploss is accurate because you should break 2 supports.
Be careful with BTC price, because it is now at consolidation and if it breaks the pair Steem/BTC will suffer if the BTC increases its price.
THIS IS ONLY MY OPINION, NOT AN ADVICE!
Good stuff. Thanks for sharing.
Now we are seeing this!
So it seems that it might be time to buy but I would wait for a close on the 1hr chart above the red line... see how the 4hr is bullish, but the 1 hr might get us another lower retest.
I made a post about the importance of candle closing. You can check it out here
https://steemit.com/hive-184373/@mycryptostalker/why-waiting-for-candles-to-close-is-important
@jrcornel as you can see now...
Although we tested the support and got rejected. We are in a messy area. So for my self a buy would be above the red line that I spotted before.
There is a bigger box on the 1hr chart.
It is a messy area. You can put buy order at the bottom of that area, but also notice that if #BTC increases price, #STEEM #price will go down so this area will be good if you are staking steem.