$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #171, Jan. 23, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Jan. 22, 2016
4 hour Poloniex chart - Jan. 23, 2017
1 day Poloniex chart - Jan. 22, 2016
1 day Poloniex chart - Jan. 23, 2017
The price had another flat trading day, with a slow downtrend, the price spiked through the 17k support line marking a new local low at 16.8k satoshi and then got pulled back up slightly above the 17k support line, where it's traded at right now, at 17.2k satoshi.
BITTREX
4 hour Bittrex chart - Jan. 22, 2016
4 hour Bittrex chart - Jan. 23, 2017
Bittrex price went down to 16.9k satoshi where it's been traded the most of the day.
At the moment it got pushed up for about 200 satoshi and is trading at 17.1k at the moment.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Jan. 22, 2016
STEEM/BTC volume Bittrex Jan. 23, 2017
STEEM/BTC volume Poloniex Jan. 22, 2016
STEEM/BTC volume Poloniex Jan. 23, 2017
STEEM indexed global volume Jan. 22, 2016
STEEM indexed global volume Jan. 23, 2017
Coinmarketcap top volume cryptos Jan. 22, 2016
Coinmarketcap top volume cryptos Jan. 23, 2017
Overall volume about 28% higher then yesterday, $STEEM on 26th place on the volume rankings.
Poloniex volume about 40% higher then yesterday, ~66 BTC.
Bittrex volume about 36% lower then yesterday, ~5 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
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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
COMMENT
Another flat day, I'm still expecting the price to start a uptrend, the 17k resistance seems strong for now, and imho for now there chart looks allot in favor for an uptrend.
My first major target would be the 20k resistance, although there are still 3 minor resistance, the 17.8k, the 18.5k and the 19.3k saotshi resistances.
Each of them could offer a trade opportunity, but I wouldn't exclude a rapid growth in price to 20k either.
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The price of STEEM is 0.158903 USD per STEEM