$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #157, Jan. 09, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Jan. 08, 2016
4 hour Poloniex chart - Jan. 09, 2017
1 day Poloniex chart - Jan. 08, 2016
1 day Poloniex chart - Jan. 09, 2017
The price went into a downtrend spiking down and marking a new slightly lower local low on 0.0001605 BTC.
After the dump it got pulled back above the 0.000163 support line and is now trading slightly above it at 0.000165 BTC.
BITTREX
4 hour Bittrex chart - Jan. 08, 2016
4 hour Bittrex chart - Jan. 09, 2017
Bittrex traded more or less flat today around the 0.000167 BTC level, it started going down in the past 8 hours marking a, in comparison to Poloniex, slightly higher local low at 0.000162 BTC.
At the moment it got pulled back up from the newly made local low and is trading around 0.000164 BTC.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Jan. 08, 2016
STEEM/BTC volume Bittrex Jan. 09, 2017
STEEM/BTC volume Poloniex Jan. 08, 2016
STEEM/BTC volume Poloniex Jan. 09, 2017
STEEM indexed global volume Jan. 08, 2016
STEEM indexed global volume Jan. 09, 2017
Coinmarketcap top volume cryptos Jan. 08, 2016
Coinmarketcap top volume cryptos Jan. 09, 2017
Overall volume about 5% higher then yesterday, $STEEM on 34th place on the volume rankings.
Poloniex volume about 5% lower then yesterday, ~34 BTC.
Bittrex volume about 25% lower then yesterday, ~7 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!
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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.
Everyone who uses TA develops his own unique charting style, please keep that in mind.
Kind regards, OZ:)
Thank you for sharing. ☆☆☆☆☆😎
no problem!, thanks for reading!
COMMENT
If the 16.3k BTC support hold I expect the price to go towards the 17k resistance, incase of hard volume jump and uptrend i see it going all the way up to the 18.5k resistance with a stopping point at the 17.8k resistance.
If the 16.3k BTC support fails, i see a dump to about 15.7k.
I expect a steady price as we all await the Roadmap. If history is an indicator, the Roadmap announcement will cause a nice upward pop in price. I wouldn't be selling now, in fact it may be the time to buy a bit, in my opinion. Let's see what happens!
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For some reason after that big run BTC was on, and then the downtrend and correction, I have a feeling very shortly it is going to start a steady climb again and I have never said anything like this, as a crypto noob lol
My 10k post is up to honour @thecryptofiend if you want to have a look.