Steem/BTC Price Analysis - Time/Technical Analysis

in #bitcoin8 years ago (edited)

@EpicDesigns Technical Analysis Report 2/22/2018

Coin/Asset:
-Steem/BTC
Current Price:
-0.00033140 btc
Target Entry:
-0.00033140 btc
Target Exit:
-0.00044500 btc
Profit %:
-30%

Capture.PNG

Daily Chart

steem-btc.PNG

Daily Chart

Time indicator shows perfect buy opportunity one bar after a red 9. Today's daily candle shows us that Steem might experience a nice reversal to the upside this week into next week.

If the time indicator buy setup fails I expect a continuation of the current bear trend possibly to the next strongest support line near 0.00025 btc. Although, I don't really see this being the case.

The Outlook
That being said, pick yall up some steem today, set your stops short or be prepared to pick up more near the 0.00025 range. We're likely to experience a nice swing up, let me know what you guys think down below.

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