$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #123, Dec. 6, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Dec. 5, 2016
4 hour Poloniex chart - Dec. 6, 2016
1 day Poloniex chart - Dec. 5, 2016
1 day Poloniex chart - Dec. 6, 2016
The price made a run for a new local high which had it's peak at exactly 0.00045, after which it started turning down and is now trading around the 0.0003 support levels
BITTREX
4 hour Bittrex chart - Dec. 5, 2016
4 hour Bittrex chart - Dec. 6, 2016
The new local high on Bittrex was made on exactly the same spot as on Poloniex, the 0.00045.
The Bittrex price also got pulled back down and is now trading slightly bellow Poloniex, at around 0.00029.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Dec. 5, 2016
STEEM/BTC volume Bittrex Dec. 6, 2016
STEEM/BTC volume Poloniex Dec. 5, 2016
STEEM/BTC volume Poloniex Dec. 6, 2016
STEEM indexed global volume Dec. 5, 2016
STEEM indexed global volume Dec. 6, 2016
Coinmarketcap top volume cryptos Dec. 5, 2016
Coinmarketcap top volume cryptos Dec. 6, 2016
Overall volume about 158% higher then yesterday, $STEEM on 13th place on the volume rankings.
Poloniex volume about 279% higher then yesterday, ~1184 BTC.
Bittrex volume about 109% higher then yesterday, ~101 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.
Kind regards, OZ:)
Following digital currencies is completely new to me, so I hope you'll forgive a couple of elementary questions. Your charts are a little hard for me to read. Can you tell me where I can view such charts online -- preferably for free? I wouldn't need anything very fancy. Maybe then I could participate here a little more.
Second, S/R levels are always a consideration, but it looks like quite a run began on about 12/3 (do I see that right?). Is there generally enough intraday volume to trade something like that in a shorter timeframe?
Check out Trading View brotha.
Thanks, looks like this is the place to go.
Give my blog a shot. I have easy-to-read stuff.
I will indeed. Thanks.
Right. You've pointed out that rise very clearly in your first chart.
hello, sure u can, sure i don't mind :), there are tradingview.com (the one i use for poloniex charts) and coinigy.com(the one i use for bittrex), u should have everything u need there, from different tools and indicators to different candle styles, both are free but have a paid option where u get some more options.
Yes there was a runup that started 12/3. basicly once there is a heavy uptrend or downtrend the volume is high enough to do quite decent trades with some bigger positions, the volatility tends to be quite good as well, but on the other hand there are also days where the price is low on volatility AND volume. If you are into interday trading I would recommend to have you're eyes on couple of different coins ;) Volume is always somewhere ;)
Good of you to be patient. Your point about keeping an eye on several coins is WELL taken. :-)
wait for a trade, thats important, cos if u just go in blindly u might ending up bagholding for some time, p.s. yes my charts are being a mess right now, i didn't really remove any lines from earlier, I will rework them soon enough :)
Well, you say they're a mess. I say they were pretty instructive and caught my interest. :-)
Meanwhile, your advice about waiting is a good idea, and so was your comment about intraday volume.
Good to be in touch! I'll be swinging by every so often.
Resteemed
Thank you for the constant resteeming! :)
Np lol :)
COMMENT
the price it at the 30k support levels which could result in another bounce, seeing it reach to about 34k, after which it will likely go down in order for preparation for the next bounce.
If the 30k line fails to provide a bounce point I see the price going towards the 25k support levels and probably breaking them and going further down towards 20k.
So, it's either going to go up or down, is what you're saying?
We already know what happened:
What do you think of this?
Why are you flagging my posts?
there you go with an upvote
Because you are better on analysis
It seems only if he likes them.
Followed + resteemed!
Thank you !