$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #169, Jan. 21, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Jan. 20, 2016
4 hour Poloniex chart - Jan. 21, 2017
1 day Poloniex chart - Jan. 20, 2016
1 day Poloniex chart - Jan. 21, 2017
The price went down breaking the 17.8k support and made a new local low at around 16.5k satoshi while it spiked bellow the 17k support line.
After the making of the new local low it got pulled back up above the 17k support and turned, breaking the minor 17.8k resistance and spiking up to 18.3k satoshi, around where it is traded at the moment.
BITTREX
4 hour Bittrex chart - Jan. 20, 2016
4 hour Bittrex chart - Jan. 21, 2017
Bittrex also had a new local low, but a bit higher then Poloniex, at around 16.7k satoshi, then it slowly started turning and is now traded at around 18k satoshi.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Jan. 20, 2016
STEEM/BTC volume Bittrex Jan. 21, 2017
STEEM/BTC volume Poloniex Jan. 20, 2016
STEEM/BTC volume Poloniex Jan. 21, 2017
STEEM indexed global volume Jan. 20, 2016
STEEM indexed global volume Jan. 21, 2017
Coinmarketcap top volume cryptos Jan. 20, 2016
Coinmarketcap top volume cryptos Jan. 21, 2017
Lack of info on global volume today, $STEEM on 19th place on the volume rankings.
Poloniex volume about 16% higher then yesterday, ~98 BTC.
Bittrex volume about 72% higher then yesterday, ~19 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
The slow trend up is continuing, good to see! Thanks for sharing namaste :)
COMMENT
Expecting a relatively flat trading as tomorrow is Sunday, however I expect a mild uptrend, as for now the chart is looking good for an upwards move on the higher time frames.
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