You are viewing a single comment's thread from:

RE: $STEEM/BTC Technical Analysis

in #steem8 years ago

Thats pretty cool analysis. I also checked RSI,MACD and Moving Average indicators based on bittrex charts.

I set RSI period to 15 and as you can see, the RSI indicator signaled oversold on the price of 0.0043 in the pic below :
RSI

But MACD is still negative but it will heading up and cross the 0 line with a little price movement so still we can't talk with certainty about it.
MACD

I myself have trust in moving average its so clear and most of the times it brings you profit. I tested it with bots and without bots so I can tell you this easy method for trading. So simple!
Just look at coin price, if it goes above MA by one candle buy it and if it goes below MA again by one candle sell it ! So easy, isn't it? :) but it works all the times and also works better on long term. You can try it yourself (for long time I suggest to use it for bitcoin trading).
So I checked it with STEEM and you can see the price crossed MA by one candle so it's time to buy :)
MA

I hope this post help you as complementry to op.

Sort:  

Thanks for the addition and the well prepped comment!:) hope I see more from you!

Your welcome my friend :)
I'm one of steemers now and wish the best for it...