$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #164, Jan. 16, 2017.

in #steem7 years ago

Hello Steemers!


4 hour Poloniex chart - Jan. 15, 2016

4 hour Poloniex chart - Jan. 16, 2017

1 day Poloniex chart - Jan. 15, 2016

1 day Poloniex chart - Jan. 16, 2017
The price kept on pushing upwards with high volume marking a new higher local high at 23.7k satoshi.
Thereafter it got pulled back and is now trading at around 22k satoshi , around the resistance level marked earlier. (look left and old charts).


4 hour Bittrex chart - Jan. 15, 2016

4 hour Bittrex chart - Jan. 16, 2017
Bittrex also kept the harder uptrend although with not even as near so much volume as Poloniex, it marked its local high at 23.5k satoshi and now got pulled back and is trading at around same levels as Poloniex, around 22.5k satoshi.


STEEM/BTC volume Bittrex Jan. 15, 2016

STEEM/BTC volume Bittrex Jan. 16, 2017

STEEM/BTC volume Poloniex Jan. 15, 2016

STEEM/BTC volume Poloniex Jan. 16, 2017

STEEM indexed global volume Jan. 15, 2016

STEEM indexed global volume Jan. 16, 2017

Coinmarketcap top volume cryptos Jan. 15, 2016

Coinmarketcap top volume cryptos Jan. 16, 2017
Overall volume about 466% higher then yesterday, $STEEM on 12th place on the volume rankings.
Poloniex volume about 518% higher then yesterday, ~522 BTC.
Bittrex volume about 245% higher then yesterday, ~53 BTC.

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!

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



Expecting a pullback to around 20k satoshi where I expect it to test the support, if it holds (which i believe it will) i see the price going up to the 25k resistance, if the support breaks I think the price will go and test the 18k support levels and turn there

I hope it pulls back. Dayum: I was hoping to get some more at 16,000-17,000....

cycle of life son ;) lol

woke up to see we have had quite a pop since you wrote this , so you was spot on!

Good warm news to start the week with, I likededed it! Thank a bunch for sharing again and namaste :)

I have noticed your post was flagged by R4fken, well known steemit hater.

I am for justice and I am here with all my Steem Power to help you resist his hate downvotes and let your post be visible for steem users. Upvoted!

Chubby lil spike today from Steemy. I agree with your comment on pullback-bounce.

My take away is to rountinely put my weekly power-down Steem at Polo up at a higher ask and just be patient.

Just dropping by to say I have seen some of the comments and I know your charts and comments are helping people.

They help me and every day there are crypto noobs looking for info on the stuff you put out and people need to remember that --- just because they know what they are doing, the vast majority of the world has no clue what crypto is, where to look for info or charts, and that is the reality of the situation.

Keep up the good work and sorry you have some of the grief you do.

been away few days so plenty of catching up todo due to your awesome posts!.thankyou

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