$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #53, Jan. 15, 2017.

5 months ago
76 in bitshares

Hello Steemers!

POLONIEX


1 day Poloniex chart - Jan. 14, 2017


1 day Poloniex chart - Jan. 15, 2017


4 hour Poloniex chart - Jan. 14, 2017


4 hour Poloniex chart - Jan. 15, 2017

The price briefly spiked bellow the 461 satoshi support line, marking a new higher local low at 457 satoshi.
After the short dump it turned upwards towards the 477 resistance and made a new lower local high at 475 satoshi then got pulled back down to about 467 satoshi where it's traded at now.

VOLUME


BTS/BTC volume Poloniex Jan. 14, 2017


BTS/BTC volume Poloniex Jan. 15, 2017


BTS indexed global volume Jan. 14, 2017


BTS indexed global volume Jan. 15, 2017


Coinmarketcap top volume cryptos Jan. 14, 2017



Coinmarketcap top volume cryptos Jan. 15, 2017
Overall volume about 43% lower then yesterday, $BTS on 38th place on the volume rankings.
Poloniex volume about 36% lower then yesterday, volume ~27 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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Sort Order:  trending
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72
  ·  5 months ago

@williambanks because this post and all the other posts are shit-posts that has no value to traders nor anyone else for that matter.

An analysis like this would cost me max $5 on upwork.com.

It is amateur-work, and he is not improving - just the same shitposts day after day.

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68
  ·  5 months ago

They have no value to you. As a trader myself, I find them valuable.

Quit speaking for all traders and instead make the proper claim that you, personally, do not find the post valuable.

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65
  ·  5 months ago

It's a written description of what happened in the chart.

The price briefly spiked bellow the 461 satoshi support line, marking a new higher local low at 457 satoshi.
After the short dump it turned upwards towards the 477 resistance and made a new lower local high at 475 satoshi then got pulled back down to about 467 satoshi where it's traded at now.

Where is the analysis?

@frystikken can certainly speak for the majority of traders. If it were as simple as someone verbally observing the movement of the last 6 4hr bars on a chart without actually putting it into context...

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68
  ·  5 months ago

You're missing the analysis that is contained in the charts that are included in the posts.

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65
  ·  5 months ago

Oh 'I'm' missing the analysis - was I supposed to do it all myself?
Please explain the horizontal lines from top to bottom for me...

I can't make sense of them, there's no context. Or explanations..

Sure there's some analysis 'in the charts', not in this post though...all I see are some completely random un-referenced lines coupled with a recount of what price did.

I challenge anyone to explain what the horizontal lines represent from top to bottom.

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25
  ·  5 months ago

Yeah, but you wrote them, youre biased

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68
  ·  5 months ago

I wrote what? These articles?

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25
  ·  5 months ago

you, OZ, engagement, bernie and nextgen are the same people, right? DO we really need to take a trip down blockchain memory lane?

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68
  ·  5 months ago

I cannot prove it, but a friend of mine gave me an interest-free 500 STEEM loan back in April.

That's all you are seeing on the blockchain.

I can assure you that there are at least 3 separate entities.

I do understand why you would come to that conclusion, however.

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72
  ·  5 months ago

Please show me where these posts give you more valuable information then what you can extract yourself from tradingview.com and the various irc/slack/rocket/discord/twitter?

I have said before that I will support him if he go up in quality, so far it is just the same.

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68
  ·  5 months ago

The question is what information you can extract yourself that is different from tradingview.com or the other sources.

You're suggesting that any of the tools that are available on tradingview or the other mediums is not of value. This would include any and all functionalities such as bollinger bands, EMAs over different time periods, VIX, etc. that are available as analysis tools on tradingview are not worthwhile?

I guess I don't understand how you could choose to ignore any of those tools ...

Anyway, as I've stated to you before, there have been several cryptotokens that I have missed due that have the classic patterns that I recognize that @ozchartart brought to my attention.

The information that he provides is his own historical records on what he finds to be classical support / resistance lines in very long time frames in conjunction with some basic Fibonacci analysis.

You don't like the tools he chooses to use. I understand that.

On the other hand, I will re-iterate that a simplistic approach to understanding cryptotoken markets is necessary as the standard tools for stock analysis simply do not apply.

Maybe you think they do. I don't.

Once more, it is your subjective opinion that his posts are "shit."

I just don't agree with you on that.

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63
  ·  5 months ago

Cause this post sucks. Lol. I mean is there any other reason?

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60
  ·  5 months ago

i could say the same for plenty of other trending shit

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71
  ·  5 months ago

Agreed.

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67
  ·  5 months ago

Check out @krnel latest post that got flagged and the debate that started to find the explanation...

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69
  ·  5 months ago

I'm seeing it, but it seems like a brain dead reason to me.
If the content they want to highlight was attracting users, our user base would be growing and frankly it's not.

The fact is when you sit down and talk to people they fall into two categories.

First off is the mommy blogger types who just want to make a little extra income talking about whatever. These people are extraordinarily influential and inspiring to potential new users. We don't see many of them and they don't get highlighted very often, so unless they have a solid support network they don't stick around.

The second type is the investor type. They are interested in dollars and cents and growth. Posts like this that are simple, easy to digest, factual and balanced are exactly what I show them.

Having it hidden like this makes me look like an idiot when I'm out here in the real world trying to bring investors to the platform. Real investors and I'm talking about people that might want to toss $100k to $1M into something like this, want to know about things like engagement, retention etc.
They look at buying SP the same way as buying stock in Facebook and that's pretty much what I tell them.

I just lost a guy because he feels like the platform wouldn't be a good investment so long as the CEO feels it's his divine right to censor content he disagrees with into oblivion. He should use a lower powered sock puppet and maybe turn down the down vote a bit if he's really convinced that flagging and disagreeing are the same thing.

I mean look at this, 300+ up voters can't make this post visible again. With just the swipe of a finger of a single person. This is barely any different to an investor than what just happened over at reddit...
https://steemit.com/steemit/@williambanks/censorship-and-social-media-why-we-need-steemit-more-than-ever

Having smooth or one of the other whales engage in this is one thing. But having the CEO engage in censorship or at least giving the appearance of engaging in censorship, pretty much nullifies that whole "steemit is a censorship resistant platform" argument.

I'd like to ask the whales who are engaging in downvote curation to back off please. If it's trolling or something then fine, otherwise let people make the money they make. If someone can produce better content then the market will sort itself out.

But honestly the flagging system here is busted and it's making my job of trying to evangelize this place, that much harder. We need to find a better way.

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68
  ·  5 months ago

Having smooth or one of the other whales engage in this is one thing.

For the record: 1) I believe you are exactly right about the type of content and focus, and distribution of rewards, that will attract and retain a wider audience (we may disagree on tactics to an extent, but I believe my actions are in furtherance of that goal); and 2) I always post a comment explaining the reasons when I downvote.

And with respect to #1 above, Dan is frankly clueless, dangerous and destructive not only on the actual positioning and marketing, but on how his actions on the site have been and continue to be perceived (Ned is as well, but somewhat less so), and finally on the negative effects they have (or he is aware and doesn't care, but that is too ugly a possibility to accept easily). Letting him wield a massive ninja-mined stake without sufficient perspective and insight is like letting a child play with matches. He may be good at developing blockchain code, but if someone doesn't somehow pry him away from being a user and influential stakeholder on the platform he is just going to continue driving it into the ground (if that isn't already a fait accompli), I'm sad to say.

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69
  ·  5 months ago

Which was my point. It doesn't matter so much what the reason is, so long as a reason is stated. But burying a post on the price of steem does give potential investors pause for concern.

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68
  ·  5 months ago

That is so far beyond any demonstrated capacity to understand or willingness to consider impact on others, it is comparable to expecting a first grader to comprehend string theory or negotiate peace in the middle east. Isolation is the only plausible method to stop the damage here. Failing that, the platform must succeed in spite of its existing and continued institutional handicaps. That's a tall order.

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67
  ·  5 months ago

It's nothing to do with that. And there's nothing wrong with Dans flagging of these posts. They usually get only around 20 views even when on the trending page. I can't say for sure Dan's reasons but a number of us were flagging these posts for being overpaid before he started.

57
  ·  5 months ago

so you must have pissed off one of the almighty totalitarians of steem today. pray tell what was your offence?

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54
  ·  5 months ago

I believe his only offense was not being a fanboy and receiving support from "bad whales".

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69
  ·  5 months ago

Very Harsh
100% coming from dan n dantheman
He Downvoted me once.
Upvoted me three times, since last July.
Coming from the creator of Steemit doesn't looks very GOOD !!!

68
  ·  5 months ago

COMMENT

As said yesterday, expecting an uptrend move, i see the price possibly going down to hit the 460 support one more time but generally, uptrend.

66
  ·  5 months ago

This post has been ranked within the top 25 most undervalued posts in the first half of Jan 16. We estimate that this post is undervalued by $10.33 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jan 16 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

60
  ·  5 months ago

sorry to see you being targeted/attacked
isn't it funny that your content was acceptable for months but now all of a sudden whales have a problem with it? i myself think a lot of the trending posts are shitty so just because someone thinks your content is shit shouldn't be reason enough to flag. Fuck flagging.

65
  ·  5 months ago

great post

57
  ·  5 months ago

get fukd dan! Just like old times.

59
  ·  5 months ago

so the shit post that was the pivot point for a circle jerk got shut down lol the true power of the flag

69
  ·  5 months ago

@richardcrill replying here due to comment depth limits...
I think the point is that they are informative and quick especially for people who are new to all of this. There is value here.

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67
  ·  5 months ago

Anyone who knows what to do with this information could create it themselves.

63
  ·  5 months ago

Lol..
A couple months late on flagging this...
After yoda was destroyed, i expected ozchart to meet the same fate, about time!
Its sickening to see this garbage! Makes steemit look bad.
I fully support @dan decision. Ozchart made some massive bank on copy/paste generic analysis autovoted by top whales. A 10year old could do better

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68
  ·  5 months ago

"After yoda was destroyed, i expected ozchart to meet the same fate, about time!"

57
  ·  5 months ago

for the record I like ur posts and follow and read them daily. don't get the flag thing I geuss

67
  ·  5 months ago

51 promotion cost!!! did i read that right?