$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #104, Mar. 17, 2017.
Hello Steemers!
POLONIEX
1 day Poloniex chart - Mar. 16, 2017
1 day Poloniex chart - Mar. 17, 2017
4 hour Poloniex chart - Mar. 16, 2017
4 hour Poloniex chart - Mar. 17, 2017
The price went up to the 460 resistance and spiked through it making a new, lower, local high at 478 satoshi.
After the spike to 478 satoshi it got pulled back down bellow the 461 resistance line and after some short time started turning down resulting in a dump which spiked bellow the 400 support and made a new local low at 388 satoshi.
Once it hit the 388 satoshi mark the price got pushed back up above the 400 support and is has since been trading upwards, at the moment around 446 satoshi.
VOLUME
BTS/BTC volume Poloniex Mar. 16, 2017
BTS/BTC volume Poloniex Mar. 17, 2017
BTS indexed global volume Mar. 16, 2017
BTS indexed global volume Mar. 17, 2017
Coinmarketcap top volume cryptos Mar. 16, 2017
Coinmarketcap top volume cryptos Mar. 17, 2017
Overall volume about 14% lower then yesterday, $BTS on 18th place on the volume rankings.
Poloniex volume about 1% lower then yesterday, volume ~348 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!
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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
Preparing for 2 possibiliteies for the coming day:
1st - the price breaks the 461 satoshi resistance and goes upwards towards the 515 satoshi resistance,
2nd - the price goes down to the 400 satoshi levels and starts turning upwards from there.
^ 1h chart
Awesom Information :)
I hope the daily STEEM volume stays up there. It can't generate any interest or momentum when its below 100k per day. Thanks OZ.