$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #192, Feb. 13, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Feb 12, 2017
4 hour Poloniex chart - Feb 13, 2017
1 day Poloniex chart - Feb 12, 2017
1 day Poloniex chart - Feb 13, 2017
After pulling back up to 13.7k satoshi yesterday, the price kept it's downtrend gradually going down to 13k satoshi where it's traded at at the very moment.
BITTREX
4 hour Bittrex chart - Feb 12, 2017
4 hour Bittrex chart - Feb 13, 2017
Bittrex also had an downtrend, but unlike Poloniex it went 500 saotshi lower, to 12.5k satoshi marking it's new local low there. At the moment it got pulled up to 12.8k satoshi and is traded there.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Feb 12, 2017
STEEM/BTC volume Bittrex Feb 13, 2017
STEEM/BTC volume Poloniex Feb 12, 2017
STEEM/BTC volume Poloniex Feb 13, 2017
STEEM indexed global volume Feb 12, 2017
STEEM indexed global volume Feb 13, 2017
Coinmarketcap top volume cryptos Feb 12, 2017
Coinmarketcap top volume cryptos Feb 13, 2017
Overall volume about 5% higher then yesterday, $STEEM on 36th place on the volume rankings.
Poloniex volume about 1% lower then yesterday, ~55 BTC.
Bittrex volume about 5% higher then yesterday, ~8 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
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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.
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Kind regards, OZ
COMMENT
If the 13k support level holds I expect a bounce to 13.5k satoshi.
If it breaks I expect a downtrend to about 12.6k, thinking it could mark a new local low just slightly above the 12.6k support line.
I was hoping for ~15k by Friday, if it holds. But 'hope is the last thing to die'...Let's see.
if it bounces of we could see a nice uptrend coming since it would make a higher low in the bigger time frame perspective, as you said, let's see, noone's got an crystal orb
looks good, at least in the short term.
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