$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #119, Dec. 2, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Dec. 1, 2016
4 hour Poloniex chart - Dec. 2, 2016
1 day Poloniex chart - Dec. 1, 2016
1 day Poloniex chart - Dec. 2, 2016
Since yesterday the price traded flatly with a mild uptrend and at the end of the day started a bounce to the ~0.00025 levels, with a local high on 0.000245, At the moment its traded around 0.00023.
BITTREX
4 hour Bittrex chart - Dec. 1, 2016
4 hour Bittrex chart - Dec. 2, 2016
The price on Bittrex made its new local low about 200 satoshi above Poloniex, on 0.000247 and is now trading at the same levels, 0.00023.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Dec. 1, 2016
STEEM/BTC volume Bittrex Dec. 2, 2016
STEEM/BTC volume Poloniex Dec. 1, 2016
STEEM/BTC volume Poloniex Dec. 2, 2016
STEEM indexed global volume Dec. 1, 2016
STEEM indexed global volume Dec. 2, 2016
Coinmarketcap top volume cryptos Dec. 1, 2016
Coinmarketcap top volume cryptos Dec. 2, 2016
Overall volume about 115% higher then yesterday, $STEEM on 17th place on the volume rankings.
Poloniex volume about 107% higher then yesterday, ~111 BTC.
Bittrex volume about 25% higher then yesterday, ~12 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
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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 at a resistance point now (the 24-25k level) which makes me see 2 scenarios, either we break through the resistance and go for a higher local high (above the 28k line) or the price goes down towards the 17k line.
Thanks again for the analysis, it is so good to read both the charts and the information. Namaste :)