$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #168, Jan. 20, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Jan. 19, 2016
4 hour Poloniex chart - Jan. 20, 2017
1 day Poloniex chart - Jan. 19, 2016
1 day Poloniex chart - Jan. 20, 2017
After making of a new local low the price made a hard spike all the way up to 20k satoshi where ti marked a new local high, despite it got pulled back down to the 18.5k satoshi line right after and started turning into a downtrend which resulted in the price going down to the 17.8k satoshi where it stopped and is trading slightly above it at the very moment, at 18k satoshi.
BITTREX
4 hour Bittrex chart - Jan. 19, 2016
4 hour Bittrex chart - Jan. 20, 2017
Unlike Poloniex, Bittrex had a more or less flat trading day with the price moving between 19k and 17.5k satoshi, at the moment it's traded at the same price as Poloniex, at 18k satoshi.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Jan. 19, 2016
STEEM/BTC volume Bittrex Jan. 20, 2017
STEEM/BTC volume Poloniex Jan. 19, 2016
STEEM/BTC volume Poloniex Jan. 20, 2017
STEEM indexed global volume Jan. 19, 2016
STEEM indexed global volume Jan. 20, 2017
Coinmarketcap top volume cryptos Jan. 19, 2016
Coinmarketcap top volume cryptos Jan. 20, 2017
Overall volume about 11% lower then yesterday, $STEEM on 23th place on the volume rankings.
Poloniex volume about 23% lower then yesterday, ~82 BTC.
Bittrex volume about 18% higher then yesterday, ~11 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
A slow but steady movement, this is still exciting to me. Thanks again for your sharing. All for one and one for all! Namaste :)
COMMENT
With the weekend being here, I still expect the price to go down to about 16.5k satoshi, around where I expect it to mark a new local low.
Possible first a small retrace up to 18.5k satoshi then a move down to the 16.5k one.
The price of STEEM is 0.160203 USD per STEEM
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