Hello steemers,
on this post we show an intraday trading strategy on STEEM/BTC.
We use a 4hour time frame (Poloniex exchange). As you can see in the following chart, the medium trend is bearish but on the short term is possible a rebound.
In particular we'll buy the spread @0.0027. We think that the breakout of this level could produce an acceleration @0.003 and then @0.0032 (2 targets).
At the same time the support @0.00249 is very strong and we use it as a stop loss.
A confirmation could be the ribbons: the yellow faster average is ready to cross the upper average.
Have a good trading-day
Best