$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #64, Jan. 25, 2017.
Hello Steemers!
POLONIEX
1 day Poloniex chart - Jan. 24, 2017
1 day Poloniex chart - Jan. 25, 2017
4 hour Poloniex chart - Jan. 24, 2017
4 hour Poloniex chart - Jan. 25, 2017
After touching the 401 support yesterday the price did a small bounce to the 412 resistance, briefly spiking through it, to 415 satoshi, then turned back down towards the 401 line.It spiked down all the way to the 395 satoshi support and then got pulled back up to the 401 support line and there started a harder uptrend spiking all the way to 424 satoshi where it market it's new local high around where it is traded at the very moment.
VOLUME
BTS/BTC volume Poloniex Jan. 24, 2017
BTS/BTC volume Poloniex Jan. 25, 2017
BTS indexed global volume Jan. 24, 2017
BTS indexed global volume Jan. 25, 2017
Coinmarketcap top volume cryptos Jan. 24, 2017
Coinmarketcap top volume cryptos Jan. 25, 2017
Overall volume about 345% higher then yesterday, $BTS on 35nd place on the volume rankings.
Poloniex volume about 258% higher then yesterday, volume ~44 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
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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
Expecting the price to do a small pullback to the 412 satoshi support, then further uptrend to the 430 satoshi resistance, if it breaks the 430 resistance would expect it to go all the way up to 450 satoshi, if not I see a retrace frp, 430 to about 420 satoshi.
I guestimate a stable period now.
Not just the major alts but most alts (the pumps offcourse not).
is that cos of the potential BTC rise?
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