$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #73, "Be fearfull when others are greedy, be greedy when others are fearfull" Oct. 13, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 12, 2016
4 hour Poloniex chart - Oct. 13, 2016
1 day Poloniex chart - Oct. 12, 2016
1 day Poloniex chart - Oct. 13, 2016
After yesterdays spike through the 0.00048 resistance the price got pulled back down for some time and then made another bounce through the 0.00048 resistance, this time with the candles closing above it. At the moment it seems to be pulling back down a bit and is trading right at the mentioned resistance line.
BITTREX
4 hour Bittrex chart - Oct. 12, 2016
4 hour Bittrex chart - Oct. 13, 2016
The Bittrex price got pulled back down below it's 0.00045 resistance same as Poloniex, and the firmly broke it, and came close to the 0.00053 one with a high of 0.00051. At the moment it seems like it's getting pulled back towards the 0.00045 ex resistance/new support line.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 12, 2016
STEEM/BTC volume Bittrex Oct. 13, 2016
STEEM/BTC volume Poloniex Oct. 12, 2016
STEEM/BTC volume Poloniex Oct. 13, 2016
STEEM indexed global volume Oct. 12, 2016
STEEM indexed global volume Oct. 13, 2016
Coinmarketcap top volume cryptos Oct. 12, 2016
Coinmarketcap top volume cryptos Oct. 13, 2016
Overall volume about 50% lower then yesterday, $STEEM on 20th place on the volume rankings.
Poloniex volume about 40% lower then yesterday, ~81 BTC.
Bittrex volume about 40% lower then yesterday, ~29 BTC.
COMMENT
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COMMENT
The price seems to be trying to break the downtrend, with one higher low already made I think it could get pulled back down to the 0.00045 resistance line pulled from Bittrex , where it could enter another bounce, this time hopefully a bigger, more significant one.
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The trend doesn't seem to be stopping the downward ways... :( Looking forward to the brighter days by now... Namaste :)