$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #57, "All it takes is just a little..." Sept 27, 2016
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 26, 2016
4 hour Poloniex chart - Sept 27, 2016
1 day Poloniex chart - Sept 26, 2016
1 day Poloniex chart - Sept 27, 2016
After reaching the ~0.000975 resistance line and spiking fairly through it, the price pulled back down to the 0.0009 support line, made another weak bounce to the 0.000975 resistance and came right back near the 0.0009 support line where it is trading at right now.
BITTREX
4 hour Bittrex chart - Sept 26, 2016
4 hour Bittrex chart - Sept 27, 2016
Similar to Poloniex, after hitting the first resistance line on yesterdays bounce, the Bittrex price went down again to the first support line, slightly spiking below it and bouncing back up to the ~0.000975 resistance line.
Now it fell down to the 0.0009 support line where it is trading at.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 26, 2016
STEEM/BTC volume Bittrex Sept 27, 2016
STEEM/BTC volume Poloniex Sept 26, 2016
STEEM/BTC volume Poloniex Sept 27, 2016
STEEM indexed global volume Sept 26, 2016
STEEM indexed global volume Sept 27, 2016
Coinmarketcap top volume cryptos Sept 26, 2016
Coinmarketcap top volume cryptos Sept 27, 2016
Overall volume about 42% lower they yesterday, $STEEM fell down to the 22nd place in volume rankings.
Poloniex volume about 50% lower then yesterday, ~89 BTC.
Bittrex volume about 12% lower then yesterday, ~42 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
I would expect the price to either bounce from this point, or to go down to the 0.00085 support, or even down towards the previousl low around 0.0008 and there making a slightly higher low.
nice
Question: does technical analysis really work for a coin that is pretty newish and hasn't got a year's worth of data?
Here is my usual positive message to your daily post: TO THE MOON!!!
It is nice to see a little green on the screen though! It's funny, I just wrote about this here: https://steemit.com/steemit/@jrcornel/steemit-com-community-are-you-watching-are-you-watching-closely
To the moon! :)
Have to say, I appreciate how diligent you are about posting so much about STEEM. Definitely shows your dedication to it. Have you considered running a witness? I Think you might be able to get quite a few community members to vote for you. Either way, well done, as always.
Another great TA. Thanks for sharing. Happy to upvote and share this on Twitter✔ for my followers to read. Following and looking forward to reading more of your posts. Cheers. Stephen