$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #131, Dec. 14, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Dec. 13, 2016
4 hour Poloniex chart - Dec. 14, 2016
1 day Poloniex chart - Dec. 13, 2016
1 day Poloniex chart - Dec. 14, 2016
The price made a new local low at 0.000185, got pulled back up to around 0.00021 where it traded flat for a few hours and then started going up sharply making a new local high at 0.00024. At the moment it got pullet back down to around 0.00022
BITTREX
4 hour Bittrex chart - Dec. 13, 2016
4 hour Bittrex chart - Dec. 14, 2016
Bittrex marked its local low at the same spot as Poloniex, 0.000185 and its new local high just 30 satoshi bellow Poloniex.
At the moment it's traded just 200 satoshi above then Poloniex.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Dec. 13, 2016
STEEM/BTC volume Bittrex Dec. 14, 2016
STEEM/BTC volume Poloniex Dec. 13, 2016
STEEM/BTC volume Poloniex Dec. 14, 2016
STEEM indexed global volume Dec. 13, 2016
STEEM indexed global volume Dec. 14, 2016
Coinmarketcap top volume cryptos Dec. 13, 2016
Coinmarketcap top volume cryptos Dec. 14, 2016
Overall volume about 45% higher then yesterday, $STEEM on 13th place on the volume rankings.
Poloniex volume about 34% higher then yesterday, ~313 BTC.
Bittrex volume about 3% lower then yesterday, ~27 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
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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.
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Kind regards, OZ:)
COMMENT
Looks to me like this was just a minor bounce and that the price is going to keep it's downtrend towards the 17k levels.
In my opinion, ANY bounce while the Supply of Steem is UP, due to the new shorter power down period which just started, is a Very Good Sign for the Future of Steem!
I like to randomly Capitalize sometimes :P
yep i think so too, this bounce was unexpected but might be just "exit bounce" if you know what i mean
Thanks a bunch for the comments, charts and thoughts. It is all very appreciated. Namaste :)
I continue to love these charts! TY very much for the work