Hi everyone,
As we are seeing Green for this weekend, I have attempted to make a short analysis on Steem/BTC.
Here is the chart:
Steem has three bottoms and ready for the reversal. I will initiate my Long position when it passes 23k area. Please note that, if Steem is not to cross that area, do NOT enter since we are quite uncertain about the market.
For take profit, you can start taking from 35k area (which is 50% profit from the long position).
My trade:
- Long if Steem break 23k, use 25% capital
- Buy more if Steem reached down to 20k (only after I have bought from 23k)
- Take profit from 35k.
Disclaimer: This post is my trade, and I want to share for information only, please do the trade or invest with your consent.