$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #186, Feb. 07, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Feb 06, 2017
4 hour Poloniex chart - Feb 07, 2017
1 day Poloniex chart - Feb 06, 2017
1 day Poloniex chart - Feb 07, 2017
The price went to the 15.8k satoshi resistance, briefly spiking through it made a new local high at 15.9k and then turned down into a hard downtrend first going to the 15.1k support then breaking it hard as well as the 14.1k, marking a new local low at 13.3k satoshi.
After the making of the new local low it got pulled back up above the 14.1k support and has been traded between it and 15k satoshi since.
BITTREX
4 hour Bittrex chart - Feb 06, 2017
4 hour Bittrex chart - Feb 07, 2017
Bittrex also had a downtrend today, but has marked it's new local low significantly higher then Poloniex, at 14.1k satoshi and then got pushed back up to 14.5k, around where it's traded at the moment.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Feb 06, 2017
STEEM/BTC volume Bittrex Feb 07, 2017
STEEM/BTC volume Poloniex Feb 06, 2017
STEEM/BTC volume Poloniex Feb 07, 2017
STEEM indexed global volume Feb 06, 2017
STEEM indexed global volume Feb 07, 2017
Coinmarketcap top volume cryptos Feb 06, 2017
Coinmarketcap top volume cryptos Feb 07, 2017
Overall volume about 64% higher then yesterday, $STEEM on 27th place on the volume rankings.
Poloniex volume about 63% higher then yesterday, ~97 BTC.
Bittrex volume about 63% higher then yesterday, ~9 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
COMMENT
Expecting the price to slowly start turning to 15.1k satoshi resistance, but with another potential test on the 14.1k satoshi support.
This post has been ranked within the top 25 most undervalued posts in the first half of Feb 08. We estimate that this post is undervalued by $10.32 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 08 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Thank you for sharing.
Would like to see a turnaround on this pull-back.
I am just dropping by to say hi.
I have been working hard at my posts man, earning nothing and no flags to deal with either LOL. I hope you are OK.
Love me some Johnny Cash. Great pick for a song, have a nice week.
TY for the charts last week and thoughts, you gave to me, I am getting killed on Pascal and SBD. Sigh.