$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #121, Dec. 4, 2016.

in #steem7 years ago

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Dec. 3, 2016


4 hour Poloniex chart - Dec. 4, 2016


1 day Poloniex chart - Dec. 3, 2016


1 day Poloniex chart - Dec. 4, 2016
After reaching a local high at 0.00027 the price did a slight pullback to 0.000237 after which it continued to go up resulting in a new local high at 0.000292. At the moment its traded slightly bellow the new local high, at around 0.00028.

BITTREX


4 hour Bittrex chart - Dec. 3, 2016


4 hour Bittrex chart - Dec. 4, 2016
The pullback on Bittrex didn't go bellow 0.00024135 BTC after which the new local high hit 0.0002835.
At the moment its traded around the same level as Poloniex, slightly bellow the new local high, ~0.00028

VOLUME COMPARISON


STEEM/BTC volume Bittrex Dec. 3, 2016


STEEM/BTC volume Bittrex Dec. 4, 2016


STEEM/BTC volume Poloniex Dec. 3, 2016


STEEM/BTC volume Poloniex Dec. 4, 2016


STEEM indexed global volume Dec. 3, 2016


STEEM indexed global volume Dec. 4, 2016


Coinmarketcap top volume cryptos Dec. 3, 2016


Coinmarketcap top volume cryptos Dec. 4, 2016
Overall volume about 10% lower then yesterday, $STEEM on 14th place on the volume rankings.
Poloniex volume about 5% lower then yesterday, ~154 BTC.
Bittrex volume about 22% lower then yesterday, ~16 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!
Have my charts helped you in any way?Let me know with a comment below :)
Are there more people who are doing TA?
Please post the links to your TA's posts into the comments as well!

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.


for today some nice wingsuit flying :)

Kind regards, OZ:)

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COMMENT
The price seems to be in a nice bullish mood, it hit a resistance line (blue one) from previous pump which could result in a pullback, probably to around 25k sat, but generally it has good potentially to break the resistance level and go into new local highs towards the 35k sat levels

postimage

Here is my Elliott Wave count. We are currently in the wave 5, so we could soon get a pullback.

another great post

Some serious green!

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