$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #59, "There Are No Unbeatable Odds" Sept 29, 2016
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 28, 2016
4 hour Poloniex chart - Sept 29, 2016
1 day Poloniex chart - Sept 28, 2016
1 day Poloniex chart - Sept 29, 2016
The price on poloniex tried to make a bounce hitting the 0.00085 resistance line and failing, 3 times., now its at yesterdays low levels at around 0.0008.
BITTREX
4 hour Bittrex chart - Sept 28, 2016
4 hour Bittrex chart - Sept 29, 2016
The Bittrex price also had a few bounce attempts which all failed, it broke into a lower low from yesterday currently trading slightly below 0.0008.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 28, 2016
STEEM/BTC volume Bittrex Sept 29, 2016
STEEM/BTC volume Poloniex Sept 28, 2016
STEEM/BTC volume Poloniex Sept 29, 2016
STEEM indexed global volume Sept 28, 2016
STEEM indexed global volume Sept 29, 2016
Coinmarketcap top volume cryptos Sept 28, 2016
Coinmarketcap top volume cryptos Sept 29, 2016
Overall volume about 35% lower then yesterday, $STEEM down to 25th place on volume rankings.
Poloniex volume about 40% lower then yesterday, ~85 BTC.
Bittrex volume about 15% lower then yesterday, ~20 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.
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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
Due to declining volume i see a possible bounce point here, which would then in my eyes confirm the change of the overall trend,
but I also see a possibility of a further downtrend,
which although (depending on the stopping point) would still confirm a trend change.
Watching this trend line.
So, you're pretty sure it could go up or down.
Given the volatility of the market and the volume we're seeing at the moment I'd say we're likely to see minor fluctuations ranging from slight to moderate. Therefore our analysis team has predicted sideways treand breaking out to the high side, of course it is also as likely we could see a downward spike as the markets adsorbs further data...
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