Technical Analysis UPDATE for STEEM - (POLONIEX:STEEMBTC) 6/29/17
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We have a new line of resistance in red that could be considered the recovery breakout.
It would be confirmed by going above the ichimokus and the 0.328 fib resistance.
If we dont break out be ready for some consolidation or a break down to the green support line.
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Can we rely on Poloniex charts as they keep on restricting deposits and withdrawals? People are starting to lose trust and we may see a difference in price similar to that which occurred on Mt Gox?
I agree, unfortunately, it is still the exchange with the most volume/liquidity. Hopefully, that changes as bittrex grows. Or steem gets accepted to one of the bigger Asian exchanges.
I have been involved with btc for 6 years but apart from Ltc and Eth I am relatively new to alts. I have trusted a couple of exchanges but Steem is forcing me to look wider. Unfortunately, most are found wanting. Poloniex is a real disappointment TBH but as you said, I do hope that bittrex grows to pick up the slack. Iam frantically trying to get al funds off of Poloniex as we speak!
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