$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #19 "It's gettin' hot in here!" Aug 18, 2016
Hello Steemers!
Sorry for being a bit late, I was driving the whole day.
Today we had some nice uptrend action , pretty aggressive.
POLONEX
4 hour Poloniex chart - Aug 17, 2016
4 hour Poloniex chart - Aug 18, 2016
After making a higher low yesterday, today the price spiked aggressively and hard, nearly hitting the bottom line from the previous accumulation area, backing back down, but not turning into a downtrend, rather continuing its way upwards.
BITTREX
4 hour Bittrex chart - Aug 17, 2016
4 hour Bittrex chart - Aug 18, 2016
The price blasted through the first support line hitting a previous low (orange line which I added TODAY!, didn't mark it before as I didn't think it would be important),after what it calmed down a bit but alike Poloniex continued the uptrend
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 17, 2016
STEEM/BTC volume Bittrex Aug 18, 2016
STEEM/BTC volume Poloniex Aug 17, 2016
STEEM/BTC volume Poloniex Aug 18, 2016
STEEM indexed global volume Aug 17, 2016
STEEM indexed global volume Aug 18, 2016
Coinmarketcap top volume cryptos Aug 17, 2016
Coinmarketcap top volume cryptos Aug 18, 2016
The Volume more then doubled since yesterday on both exchanges.
In the last few days there are obviously more buys then sells, it seems rarely someone sells big batches
at this levels, people on seem to buy allot.
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?
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.
Kind Regards, OZ :)
COMMENT
The aggressive spike and the continuance of the uptrend after it, rather then a reverse back down, is a good trend reversal indication, yesterday a higher low today a nice aggressive spike with double the volume what we saw for some days now. The next few days should tell allot, if the price keeps making higher lows we can definitely assume the bottom was touched and the trend reversed.
Although I'm very positive about a trend reversal, I am not 100% sure we will start see mooning just yet, IMHO the price will be climbing slowly and steadily with a possibly long accumulation period stretching through several price levels.
Awesome! Thanks for sharing with us!
No problem! thanks for the comment and support!
Nice.
I like it.
Thanks allot!
Take my voice! :)
thank you
thanks! glad you like the updates!
nice post
thanks allot for the support @toroiskandar!
Thanks for sharing- learning lots! upvoted
Thanks for the support! glad to hear that! :D
Sad to not see those massive btc vol levels steem was hitting in the beginning.
give it time :)
I wouldn't be surprised if we see STEEM at $1 or even $2 but believe there will be a lot of volatility for a while. The long term is great as more and more people flock to the platform.
more users should definitely impact the price in a positive way
Interesting to follow the price discovery in Steem
Very helpful, thank you!