$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #191, Feb. 12, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Feb 11, 2017
4 hour Poloniex chart - Feb 12, 2017
1 day Poloniex chart - Feb 11, 2017
1 day Poloniex chart - Feb 12, 2017
After comming close to the 14.6k line yesterday the price started a downtrend breaking the support line on 14.2ki satoshi and went down towards the 13k support level.
It made a new local low at 13.2k satoshi and then got pulled back up to about 13.7k satoshi around where it's traded at the moment.
BITTREX
4 hour Bittrex chart - Feb 11, 2017
4 hour Bittrex chart - Feb 12, 2017
Bittrex marked it's new local low at 13.5k satoshi and has been traded around that level since.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Feb 11, 2017
STEEM/BTC volume Bittrex Feb 12, 2017
STEEM/BTC volume Poloniex Feb 11, 2017
STEEM/BTC volume Poloniex Feb 12, 2017
STEEM indexed global volume Feb 11, 2017
STEEM indexed global volume Feb 12, 2017
Coinmarketcap top volume cryptos Feb 11, 2017
Coinmarketcap top volume cryptos Feb 12, 2017
Overall volume about 166% higher then yesterday, $STEEM on 31st place on the volume rankings.
Poloniex volume about 420% higher then yesterday, ~56 BTC.
Bittrex volume about 11% lower then yesterday, ~7 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
Expecting further downtrend to the 13k satoshi support line.
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