$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #43, "...up for a run?" Sept 12, 2016
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 11, 2016
4 hour Poloniex chart - Sept 12, 2016
The Poloniex price once again made a slightly higher low, slightly lower volume then yesterday.
If its about to respect the higher low it should start going up from here.
BITTREX
4 hour Bittrex chart - Sept 11, 2016
4 hour Bittrex chart - Sept 12, 2016
The Bittrex price also made a higher low today hitting the 0.00097 support line, although it went a tick lower then the Poloniex price. A bit lower volume then yesterday, about 40% lower.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 11, 2016
STEEM/BTC volume Bittrex Sept 12, 2016
STEEM/BTC volume Poloniex Sept 11, 2016
STEEM/BTC volume Poloniex Sept 12, 2016
STEEM indexed global volume Sept 11, 2016
STEEM indexed global volume Sept 12, 2016
Coinmarketcap top volume cryptos Sept 11, 2016
Coinmarketcap top volume cryptos Sept 12, 2016
Overall volume today ~30% lower then yesterday, with $STEEM dropping to the 31st place on the volume rankings.
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!
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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
For tomorrow I'd be more leaned towards a bounce then a crash.
There is not much pushing going on on either side atm so I wouldn't exclude the possibility of a downtrend towards the ~0.0007 support level
I don't know anyone else as good as Ozmaster doing all these charts ;D
Now vote for my comment too lol
Reading, watching and learning. Thank you!
Ozchartastic! :)
Steem/BTC
It feels like that fall of Steem/BTC is unstoppable. After the breaking through the level of 0.0012875, Steem decided to try even lower levels. The demand for this currency is now weakened and we can assume that we will be a flat movement, unless some news will come.