$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #51, "The price is bad dreams?" Sept 21, 2016
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 20, 2016
4 hour Poloniex chart - Sept 21, 2016
1 day Poloniex chart - Sept 20, 2016
1 day Poloniex chart - Sept 21, 2016
The Poloniex price made a new lower low, just barely, 2000 satoshi lower.
Now trading at yesterdays made low.
BITTREX
4 hour Bittrex chart - Sept 20, 2016
4 hour Bittrex chart - Sept 21, 2016
The price on Bittrex tried to make a bounce after touching the 0.0007 support line, fails and went into making a lower local low, also just barely like on Poloniex. Now its trading slightly below the 0.0007 line.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 20, 2016
STEEM/BTC volume Bittrex Sept 21, 2016
STEEM/BTC volume Poloniex Sept 20, 2016
STEEM/BTC volume Poloniex Sept 21, 2016
STEEM indexed global volume Sept 20, 2016
STEEM indexed global volume Sept 21, 2016
Coinmarketcap top volume cryptos Sept 20, 2016
Coinmarketcap top volume cryptos Sept 21, 2016
Overall volume about 25% lower then yesterday with Poloniex still having the most volume, but also having the biggest drop in volume since yesterday.
Bittrex volume about the same as yesterday, gained 1 BTC. 34 BTC volume.
Poloniex volume about 40% lower then yesterday. 119 BTC volume.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
Critics, comments, reply's, counters, advice's, etc. are always welcome!
Have my charts helped you in any way?Let me know with a comment below :)
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Please post the links to your TA's posts into the comments as well!
DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Everyone who uses TA develops his own unique charting style, please keep that in mind.
Kind regards, OZ :)
COMMENT
The price seems to be keeping the downtrend, although it is easy to see that it is having harder and harder to push further down. At this point I personally wouldn't wanna have trades on the sell side. It might be true that the price is still in a downtrend, but in my honest opinion it could turn around any time, we are near of seeing a full retrace in comparison to the pump.
I am watching the wedge. Wrote today.
LOL. Vuco je kralj!
Totalni kralj :D
What up Oz. Looks like I nailed this short to the tee. Love them fibs.
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View Image
Follow the red down arrow.
damn u hit it surgical !
just keep steemin!! haha
thanks for the data! :) nice post
I think that the initial rush is over for steem but that does not mean it will not average back up again. I think as the interface for steemit improves and is more welcoming to the average Joe or Jill that it will find new value. It is incumbent upon us to produce content that people want to see and develop ways that new authors can make market and earn steem.
Currency young- Steemit.