$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #112, "I want out!" Nov. 25, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Nov. 24, 2016
4 hour Poloniex chart - Nov. 25, 2016
1 day Poloniex chart - Nov. 24, 2016
1 day Poloniex chart - Nov. 25, 2016
The price spiked up to 0.000234 BTC and then got pulled back down making a new local low at 0.000185, currently at 0.00019.
BITTREX
4 hour Bittrex chart - Nov. 24, 2016
4 hour Bittrex chart - Nov. 25, 2016
The price on Bittrex spiked 0.000225, on the pullback it went 100 satoshi bellow Poloniex, currently trading at the same level 0.00019
VOLUME COMPARISON
STEEM/BTC volume Bittrex Nov. 24, 2016
STEEM/BTC volume Bittrex Nov. 25, 2016
STEEM/BTC volume Poloniex Nov. 24, 2016
STEEM/BTC volume Poloniex Nov. 25, 2016
STEEM indexed global volume Nov. 24, 2016
STEEM indexed global volume Nov. 25, 2016
Coinmarketcap top volume cryptos Nov. 24, 2016
Coinmarketcap top volume cryptos Nov. 25, 2016
Overall volume about 152% higher then yesterday, $STEEM on 10th place on the volume rankings.
Poloniex volume about 173% higher then yesterday, ~222 BTC.
Bittrex volume about 125% higher then yesterday, ~28 BTC.
COMMENT
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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.
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Kind regards, OZ:)
COMMENT
On the pullback the price hit an previous high level which might act as a support to keep the bounce going, my target would be first the 0.00025 line with the 0.000285 line being the target after.
however the price could go down again in order to make another higher low, possible points i see there are the 0.00017 line and 0.00015 line.
Rising on increasing volume is a good sign: it say demand perked up. But for how long? Is the uptick real this time, or is is another fake-out?
That's the question....
Resteemed
Seeing a legit higher low put in on the daily chart is a welcomed sign. This is the best price action we have seen in sometime. Fingers crossed for positive momentum.
Do you expect a rise or fall? Should i buy now to sell later or wait ?