$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #178, Jan. 30, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Jan. 29, 2016
4 hour Poloniex chart - Jan. 30, 2017
1 day Poloniex chart - Jan. 29, 2016
1 day Poloniex chart - Jan. 30, 2017
The price broke the 17.8k resistance marking a new local low at 17.4k satoshi and then turned up going to the 18.5k satoshi resistance again and is now traded slightly bellow it, at 18.3k satoshi.
BITTREX
4 hour Bittrex chart - Jan. 29, 2016
4 hour Bittrex chart - Jan. 30, 2017
Bittrex marked its new local low at 17.4k satoshi and then bounced to 18.3k satoshi from where it got pushed back down to 18k where it's traded at the moment.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Jan. 29, 2016
STEEM/BTC volume Bittrex Jan. 30, 2017
STEEM/BTC volume Poloniex Jan. 29, 2016
STEEM/BTC volume Poloniex Jan. 30, 2017
STEEM indexed global volume Jan. 29, 2016
STEEM indexed global volume Jan. 30, 2017
Coinmarketcap top volume cryptos Jan. 29, 2016
Coinmarketcap top volume cryptos Jan. 30, 2017
Overall volume about 49% lower then yesterday, $STEEM on 33th place on the volume rankings.
Poloniex volume about 54% lower then yesterday, ~74 BTC.
Bittrex volume about 56% lower then yesterday, ~6 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
If the 18.5k resistance holds I see the price dropping to 17k satoshi,
if it breaks I see it going to 20k.
Thanks for sharing the information again, it is good to see the STEEM coming back up from its 0.14 range... Namaste :)
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I like the support at this level.