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STEEM Jan 22 Technical Analysis, Key Apex Points, Bear and Bull Scenarios by philakonecrypto

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· @philakonecrypto · (edited)
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STEEM Jan 22 Technical Analysis, Key Apex Points, Bear and Bull Scenarios
![](https://steemitimages.com/DQmaoNNvLF9m1kSGtrzkF6Uuy7eEahVqNWCPutpwhCG1SG5/image.png)

<h2> Two Possible Paths</h2>

https://youtu.be/sSoKjnos-Fw

We see STEEM consolidate with a major resistance trend line, supported by a trend line from the original wave up, and reaching a critical apex point in a few days. There are possible paths of breaking down to support zones indicated or breaking up, with a target extension of 1:1 for wave 3 at 78K satoshi.

![](https://steemitimages.com/DQmZbn3joBzuC2oCJPpHHCmnCCn88E3AgEwq3upAZGM3C8C/image.png)

<h2>Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders</h2>

Please consider these videos:

[Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex](https://steemit.com/bitfinex/@philakonecrypto/bitfinex-how-to-customer-and-set-up-bitfinex)
[Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy](https://steemit.com/reading/@philakonecrypto/tutorial-part-2-how-to-analyze-candlesticks-charts-with-strategy)
[Lesson 3- Let's learn Moving Averages](https://steemit.com/trading/@philakonecrypto/video-tutorial-series-to-help-beginners-let-s-learn-moving-averages-like-a-boss)
[Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy](https://steemit.com/bitcoin/@philakonecrypto/tutorial-series-video-4-let-s-learn-relative-strength-index-rsi-with-advanced-strategy)
[Lesson 5 Let's Learn MACD and Histogram](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-5-let-s-learn-macd-and-historgram)
[Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-6-let-s-learn-margin-trading-long-short-leveraging)
[Lesson 7 Let's Learn Basic Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-7-let-s-learn-basic-risk-management)
[Lesson 8 Let's Learn Fibonacci Retracement Part 1](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-8-let-s-learn-fibonacci-retracement-part-1)
[Lesson 9 Let's Learn Fibonacci Extension Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-9-let-s-learn-fibonacci-extension-part-2)
[Lesson 10 Quick Intro to Analyzing Level 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-10-quick-intro-to-analyzing-level-2)
[Lesson 11 Introduction to Laddering](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-10-introduction-to-laddering)

Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1

If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!

Luna's personal bitfinex account:

BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD

The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 69 others
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@coin.info ·
**Coins mentioned in post:**

Coin | | Price (USD) | 📉 24h | 📉 7d
- | - | - | - | -
**BTC** | Bitcoin | 10928.900$ | _-6.11%_ | _-20.23%_
**ETH** | Ethereum | 1003.480$ | _-4.87%_ | _-21.79%_
**LTC** | Litecoin | 180.245$ | _-5.8%_ | _-21.92%_
**STEEM** | Steem | 4.288$ | _-10.87%_ | _-19.26%_
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@satoshibytez ·
Been following you for a minute, Love your work! The info you’ve shared has helped me make some very profitable moves in the last few months.
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@stefanramjag ·
Its funny that you mention a tech analysis on steem, Ive been using steem it but never thought to do an actual analysis on it lol. Thanks for sharing.
👍  ,
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