$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #3, Nov. 24, 2016.

in #bitshares7 years ago (edited)

Hello Steemers!

POLONIEX


1 week Poloniex chart - Nov. 24, 2016
The weekly chart looks like it's still in fervor of a downtrend


1 day Poloniex chart - Nov. 23, 2016


1 day Poloniex chart - Nov. 24, 2016


4 hour Poloniex chart - Nov. 23, 2016


4 hour Poloniex chart - Nov. 24, 2016
After making a lower local low at 546 satoshi the price started a mild downtrend making a new higher local low on 533 satoshi and then started turning up again. Now it's traded around 540 satoshi, all in all a pretty flat trading day

VOLUME COMPARISON


BTS/BTC volume Poloniex Nov. 23, 2016


BTS/BTC volume Poloniex Nov. 24, 2016


BTS indexed global volume Nov. 23, 2016


BTS indexed global volume Nov. 24, 2016



Coinmarketcap top volume cryptos Nov. 23, 2016



Coinmarketcap top volume cryptos Nov. 24, 2016
Overall volume about 7% lower then yesterday, $BTS on 28th place on the volume rankings.
Poloniex volume about 4% lower then yesterday, volume ~19 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 :)

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Is it because of this fine... truly world class technical analysis?

COMMENT
Still would expect the price to go and try reach higher to about 570 satoshi, but also Seeing potential downtrend, first stop would be the 515 line

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