$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #61, "And your friends, they treat you like a guest" Oct. 01, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 30, 2016
4 hour Poloniex chart - Oct. 01, 2016
1 day Poloniex chart - Sept 30, 2016
1 day Poloniex chart - Oct. 01, 2016
After reaching the ~0.0008 support level yesterday, the price briefly stopped dropping, probably waiting for a bounce, which didn't happen, instead it went further down and is now just slightly above the 0.00071 support level.
BITTREX
4 hour Bittrex chart - Sept 30, 2016
4 hour Bittrex chart - Oct. 01, 2016
Unlike Poloniex, The Bittrex price did a small bounce after reaching the ~0.00078 support line, shortly after diving down nearly hitting the 0.0007 support line. That bounce made Bittrex gain volume today unlike Poloniex where volume went down.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 30, 2016
STEEM/BTC volume Bittrex Oct. 01, 2016
STEEM/BTC volume Poloniex Sept 30, 2016
STEEM/BTC volume Poloniex Oct. 01, 2016
STEEM indexed global volume Sept 30, 2016
STEEM indexed global volume Oct. 01, 2016
Coinmarketcap top volume cryptos Sept 30, 2016
Coinmarketcap top volume cryptos Oct. 01, 2016
Overall volume about 25% lower then yesterday, $STEM on 27th place on the volume rankings.
Poloniex volume about 40% lower then yesterday, ~92 BTC.
Bittrex volume about 40 % higher then yesterday, ~37 BTC.
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 :)
Are there more people who are doing TA?
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
Expecting the start of a hard bounce around this levels, a bounce would then confirm a higher low and thus the bullish trend in my eyes.
Don't really think there is allot of downwards potential. If the whales don't decide to dump all their holdings we should be good for an uptrend :)
I had to redraw my wedge.
Thanks for this, looks good! Resteemed
Thank you!
Resteem!
Thanks!
good job as always!
i have posted my 2nd chart right now (you said in other post you look for other people posting charts to share them) https://steemit.com/crypto-news/@kingscrown/steem-btc-hit-the-bottom-and-going-up-now-chart
Any comment on the recent falling Steem price? @ozchartart
nothing unusual TBH, not all too much volume on the drop, at this point it is still making a "higher low" if it breaks up, considered bullish sign.
Just hoping I'm right and we are not going to see a new all time low :)
This post has been linked to from another place on Steem.
Learn more about linkback bot v0.4. Upvote if you want the bot to continue posting linkbacks for your posts. Flag if otherwise.
Built by @ontofractal