Submit a Story $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #23 "It's quiet, too quiet..." Aug 22, 2016
Hello Steemers!
Today the price seems to be fighting for the trend direction, it's quite interesting as it seems to be fighting around the support/resistance line, neither side is showing much effort.
POLONIEX
4 hour Poloniex chart - Aug 21, 2016
4 hour Poloniex chart - Aug 22, 2016
After reaching the support level yesterday the price didn't bounce back up, instead it went down just a tiny bit further, bellow the support line. At the moment it seems to be in a try of breaking the ex-support line, which is now acting as a resistance line.
BITTREX
4 hour Bittrex chart - Aug 21, 2016
4 hour Bittrex chart - Aug 22, 2016
Bittrex as well broke it's support line, but unlike Poloniex had 2 small tries to break upwards after the line was broken, but unsuccessfully. Now trying to back up spiking all the way to the light blue resistance line. it is behaving much more similar to Poloniex then earlier today.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 21, 2016
STEEM/BTC volume Bittrex Aug 22, 2016
STEEM/BTC volume Poloniex Aug 21, 2016
STEEM/BTC volume Poloniex Aug 22, 2016
STEEM indexed global volume Aug 21, 2016
STEEM indexed global volume Aug 22, 2016
Coinmarketcap top volume cryptos Aug 21, 2016
Coinmarketcap top volume cryptos Aug 22, 2016
The volume picked up on both exchanges, it is a bit higher then yesterday, but nothing worth mentioning.
Although the volume didn't rise dramatically, STEEM went back up in the coinmarketcap taking the 14th place in volume today.
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!
Have my charts helped you in any way?Let me know with a comment below :)
Are there more people who are doing TA?
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.
Kind Regards, OZ :)
COMMENT
The price didn't start making a new bounce and wave yesterday as I expected, rather seems to have gone a bit downwards, although the volume picked up a bit since yesterday, the volatility is still very low and I would stay out of deciding the trend right now cos I don't see much effort on either side, buy nor sells.
Expecting some resolving of the trend issue tomorrow and leaving both options open, uptrend and downtrend.
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another great update! Thank you again!
Weak voice from me ;)
Thank you allot @smailer!
you always welcome :)
I hope some day my posts will be same popular like your.
thanks for the daily stats dose oz.
no problem, thanks for you'r support!
I just wanted to take a moment to comment and thank you for the daily analyses. It's been quite helpful and (to some extent) governed my decisions with what I do with my steem and in turn my sbd. Keep it up mate! Best wishes to you!
Thanks allot for taking the time to write this supportive comment! It really means allot! I'm glad the update is of good use.
Of course! Sometimes it can be hard (for me personally, not sure about others) to determine the market trend or the potential for it to shift in any particular manner; but with your daily analysis, it becomes a bit easier. Of course, no one can entirely predict anything in the crypto world, but being able to make educated guesses helps a ton! On top of that, it's just interesting to see how the market shifts from day to day. Keep up the good work, I've followed you now as I believe your content is worth seeing. Looking forward to the future!
Your blog is providing ample food for thought, thanks again for the update that makes it easy to trace the price tendencies every day... Thank you for that OZ and have a great day :)
Thanks allot! I'm so glad to hear it is useful!
Nice analysis @ozhcarart
Thanks for these timely reports!
my balls are not crystal and I can't divine the future
More downward movements to come imo