$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #77, Feb. 08, 2017.
Hello Steemers!
POLONIEX
1 day Poloniex chart - Feb. 07, 2017
1 day Poloniex chart - Feb. 08, 2017
4 hour Poloniex chart - Feb. 07, 2017
4 hour Poloniex chart - Feb. 08, 2017
The price broke the 380 satoshi support level and went down and made a new local low at 362 satoshi.
After making the new local low it turned upwards and spiked through the 380, now resistance line, topping at 385 satoshi.
At the oment it got pushed back down to 380 satoshi and is trading tight around that line.
VOLUME
BTS/BTC volume Poloniex Feb. 07, 2017
BTS/BTC volume Poloniex Feb. 08, 2017
BTS indexed global volume Feb. 07, 2017
BTS indexed global volume Feb. 08, 2017
Coinmarketcap top volume cryptos Feb. 07, 2017
Coinmarketcap top volume cryptos Feb. 08, 2017
Overall volume about 18% lower then yesterday, $BTS on 30th place on the volume rankings.
Poloniex volume about 17% lower then yesterday, volume ~34 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
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COMMENT
Expecting a retrace down to about 370 satoshi then breaking of the 380 resistance line and the price going up to the 395 resistance, showing 1hour chart bellow: