$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #193, Feb. 14, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Feb 13, 2017
4 hour Poloniex chart - Feb 14, 2017
1 day Poloniex chart - Feb 13, 2017
1 day Poloniex chart - Feb 14, 2017
After going down to the 13k satoshi support line yesterday, the price broke the 13k support line with a spike down to 12.7k satoshi where it marked a new local low, just about 100 satoshi higher then the all time low!
It then spiked up to 13.7k satoshi and got pushed back down to the 13.3k levels around where it's traded at the moment.
BITTREX
4 hour Bittrex chart - Feb 13, 2017
4 hour Bittrex chart - Feb 14, 2017
Unlike Poloniex, Bittrex didn't go further down, it kept the local low at 12.5k which it made yesterday and traded in a rather small uptrend to 13.5k satoshi.
At the moment it is trading around 13k satoshi.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Feb 13, 2017
STEEM/BTC volume Bittrex Feb 14, 2017
STEEM/BTC volume Poloniex Feb 13, 2017
STEEM/BTC volume Poloniex Feb 14, 2017
STEEM indexed global volume Feb 13, 2017
STEEM indexed global volume Feb 14, 2017
Coinmarketcap top volume cryptos Feb 13, 2017
Coinmarketcap top volume cryptos Feb 14, 2017
Overall volume about same as yesterday, $STEEM on 35th place on the volume rankings.
Poloniex volume about 4% higher then yesterday, ~58 BTC.
Bittrex volume about 13% 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!
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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 a pullback to the 13k support line.
If the 13k support line holds I would expect the price to start going up reaching to the 13.5k resistance, in that case I would expect the price to slowly progress upwards during the next days, confirming the all time low and entering an uptrend.
If the 13k support line breaks I see new all time low's incoming.
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