All details as well as my targets (.0057-00625) and trading strategy are spelled out for the world to see (as I do with all my real time crypto trades) in this post on #steemit from last night (see prior posts or you can read it on my blog here:
$Steem / BTC Technical Pattern Analysis. Why I'm LONG NOW with Targets (steem won't link another post so just click on my name to see all my posts and you'll find this title) or you can find it from last night or on my blog https://cryptopatterns.wordpress.com/
no guarantees it all plays out, but it's always nice when a move the patterns call for is on time --they can be late sometimes and sometimes they don't come at all :-)
I'm new and still trying to understand what all this means
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hey karenb54 did you read my post from last night? I tried to overview using patterns to make trades there. If you read it and it confused you, sorry about that! Basically you're looking at charts from different time frames (really short term would be 1 minute, 5 minute, 15 minute and then longer term 1 hour 4 hour daily weekly) and trying to find patterns that indicate price is going to make a decent size move up or down. The harder part is figuring out when to stop trying and just take a loss! Any questions definitely fire away - happy to share and help whereever I can.
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Thank you I will go read your post now
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Yes the support has held! Time for a new rise!
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michiel - since Steem is not moving up as quickly as I'd like I thought I'd add this note I put on my blog today:
Steem following patterns thus far just shot up to .0044 right on time! Now that steemit has started a move higher a fall below .40 would likely be an exit point for me but I’ll see what the patterns and indicators look like if that happens.
Check the 2 hour chart -- would be nice to see steem stay green on this candle or we might be heading down lower than current lows. Thanks for reading.
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