$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #96, Feb. 27, 2017.steemCreated with Sketch.

in #bitshares7 years ago

Hello Steemers!

POLONIEX


1 day Poloniex chart - Feb. 26, 2017


1 day Poloniex chart - Feb. 27, 2017


4 hour Poloniex chart - Feb. 26, 2017


4 hour Poloniex chart - Feb. 27, 2017

After making a brief stop around 325 satoshi yesterday, the price kept it's downtrend and went to the 315 support line and broke it downwards, spiking all the way down to 300 satoshi marking with it a new all time low.
After making the new all time low on 300 satoshi it got pulled back up towards the 315 satoshi resistance line and is now trading around 310 satoshi.

VOLUME


BTS/BTC volume Poloniex Feb. 26, 2017


BTS/BTC volume Poloniex Feb. 27, 2017


BTS indexed global volume Feb. 26, 2017


BTS indexed global volume Feb. 27, 2017



Coinmarketcap top volume cryptos Feb. 26, 2017



Coinmarketcap top volume cryptos Feb. 27, 2017
Overall volume about 22% higher then yesterday, $BTS on 32nd place on the volume rankings.
Poloniex volume about 6% lower then yesterday, volume ~26 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 the price to go to the all time low level and then have a bounce up to the 315 satoshi line.
I wouldn't exclude the possibilities of new all time lows at around 280 satoshi if the sell side shows pressure.

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