SpartaBTC

STEEM. A major player is gaining a large position of coins.

BINANCE:STEEMBTC   Steem / Bitcoin
STEEM / BTC accumulation channel exists for 5 months. A huge position is being recruited by a major market player. On the chart we see 3 zones of huge volume . We see long shadows. This means that someone bought in the market the lower sell orders that have accumulated. Then the price was lowered back down so as not to make a false start to growth.

Target.
There are two options for trading this coin at the moment:
1) The first option. Trade in the accumulation channel in increments of 30-40%.
2) The second option. Entrance during a breakthrough or rollback after a breakthrough of the accumulation channel.


The first target + 50% -100% This is only the beginning of the movement if the trend changes from sideways to upward.
The potential is more than + 3000%. The coin has fallen in price from the last peak more than 40 times! And these were not peak prices at all for the history of trading.

Stop loss
Under key support levels during your entry into the market.
Trade closed: target reached: + 70% from the bottom of the channel. Huge volume of the buyer. Torn walls (maybe done for a pretty picture on the charts) If the price is fixed above the channel - the upward movement will continue. There may be a trend change.
Comment: The previous trading idea for this coin yielded more than + 70% profit.
There was a breakthrough of the horizontal accumulation channel.
The price is now above the resistance of the horizontal accumulation channel.
An expanding triangle is being formed on a global scale. And now inside is forming a symmetrical triangle.
The monitoring area was shown on the chart.
Trade closed: target reached: The goal of this widening triangle formation is achieved exactly +33 +22 + 44%
Trade closed: target reached: All TARGET are closed + 430%
Comment: After a profit of + 466%, now a possible move is + 77.77% inside an expanding triangle.

Entrance at the break of the downtrend line of the local ascending pennant inside the diverging triangle. Beginners are not recommended to trade inside such formations.
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