$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #69, Jan. 30, 2017.
Hello Steemers!
POLONIEX
1 day Poloniex chart - Jan. 29, 2017
1 day Poloniex chart - Jan. 30, 2017
4 hour Poloniex chart - Jan. 29, 2017
4 hour Poloniex chart - Jan. 30, 2017
The price went to the 430 support line first briefly spiking through it, but getting retained above it for a few hours.
I hour ago it broke the 430 support line and made a new local low at 418 satoshi.
It got pulled up to about 425 satoshi where it's trading at at the very moment.
VOLUME
BTS/BTC volume Poloniex Jan. 29, 2017
BTS/BTC volume Poloniex Jan. 30, 2017
BTS indexed global volume Jan. 29, 2017
BTS indexed global volume Jan. 30, 2017
Coinmarketcap top volume cryptos Jan. 29, 2017
Coinmarketcap top volume cryptos Jan. 30, 2017
Overall volume about 45% lower then yesterday, $BTS on 38th place on the volume rankings.
Poloniex volume about 32% lower then yesterday, volume ~53 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
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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
Expecting the price to retrace to about 430 satoshi, then another portion of downtrend to the 410 saotshi support line where I expect the candle to close, but with a spike going bellow it marking a new local low between 410 and 401 satoshi.
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