Hey Steemians,

today I want to share a TA (technical analysis) with you.
STEEM/BTC in its 4 hours chart is forming a [symmetric triangle](https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:symmetrical_triangle_continuation) which is very likely for a breakout! So it very likely **will** breakout - but it's hard to find out a safe way to tell if up or down. So we have to keep an eye on a few indcators.

## Some facts 4H time frame:

* MACD is showing a bullish signal line

* We see a *short term resistance area around 0,00001705 - 0,00001722 BTC (red box)* - near the weekly pivot (P-W)

* And we see a *short term support area around 0,00001575 - 0,00001590 BTC (green box)*


![](https://cdn.steemitimages.com/DQmVMmMSSnVh3pnjtThtytHhdf1o9BL9wn2WnpAJvWeR5Ls/grafik.png)
**High Resolution:** https://www.tradingview.com/x/NWBzzIEg/

## Some facts 1D time frame:

* MACD is showing a neutral - bearish signal line

* We see a *mid term support around 0,00001440 - 0,00001470 BTC* (green box) - near the begin of the fibonacci retracement (scale on the left) and the first monthly pivot support (S1-M)

* We see a mid term resistance around *0,00001817 - 0,00001883 BTC (red box)* - near the 0.618 fibonacci level (scale on the left) - **if** it breaks out of this, **target would be 0,00001950 BTC**)

![](https://cdn.steemitimages.com/DQmf8vvdNo9T3bnPJnSAA4R6c4vYX69kMVMDJ6E5m4BBY4g/grafik.png)
**High Resolution:** https://www.tradingview.com/x/e4V0P5zX/

### Please find out for yourself what is more likely to happen. ALWAYS #DYOR !

## I hope I was able to give you some insights anyways!

# Have a nice day!