$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #100, "flat out" Nov. 13, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Nov. 12, 2016
4 hour Poloniex chart - Nov. 13, 2016
1 day Poloniex chart - Nov. 12, 2016
1 day Poloniex chart - Nov. 13, 2016
The price went down to the 0.00017 support line after which it made a very very mild bounce, spiking only to about 0.000186 BTC. At the moment it is on a mild downwards move towards the 0.00017 line, now trading about 400 satoshi above it.
BITTREX
4 hour Bittrex chart - Nov. 12, 2016
4 hour Bittrex chart - Nov. 13, 2016
The Bittrex price also had a mild bounce and went down to 0.000171 BTC, now its trading slightly above the 0.00017 levels, around 0.000174.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Nov. 12, 2016
STEEM/BTC volume Bittrex Nov. 13, 2016
STEEM/BTC volume Poloniex Nov. 12, 2016
STEEM/BTC volume Poloniex Nov. 13, 2016
STEEM indexed global volume Oct. 12, 2016
STEEM indexed global volume Oct. 13, 2016
Coinmarketcap top volume cryptos Nov. 12, 2016
Coinmarketcap top volume cryptos Nov. 13, 2016
Overall volume about 45% lower then yesterday, $STEEM on 35th place on the volume rankings.
Poloniex volume about 39% lower then yesterday, ~37 BTC.
Bittrex volume about 55% lower then yesterday, ~7 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
Seems like the price refuses to drop down below the 0.00017 line(so far),
that could indicate a possible spike tomorrow from the 0.00017 line ( given it's a Sunday the markets usually have low volume).
Still prepared and waiting for a dump to 0.00015 and up from there thou.
looks like the dump just started its 16495 now , do u think it will shoot up on the 16th . thanks
there could be a lot of liquid steem on the markets after 16th because of the payout changes down to 3 month.
there is a huge bunch of earned steem through inflation & curation.
steemprice could go up because of the inflation changes but also could go down before because of bigger market fluctuations
its most likely to go down then , i was thinking to pick up some steem at 0.00015 , i dont understand whats the last bump to 0.0038 we had all about on the announcement day ?
Or it could go down because of 1-2% daily inflation, what was a 240M project 3 months ago, is now 10% of that. In 3 months, it may be back in the nickel seats as a 2M project. The Steem formula could be changed to improve the 3yr pump and dump cycle.
Looks like we got the triangle breakout in wrong direction.