$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #194, Feb. 15, 2017.steemCreated with Sketch.

in steem •  3 years ago 

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Feb 14, 2017


4 hour Poloniex chart - Feb 15, 2017


1 day Poloniex chart - Feb 14, 2017


1 day Poloniex chart - Feb 14, 2017

The price got pushed down again first to the 13k support line, after which came a small bounce to 13.4k satoshi and then it broke the 13k support line marking a new local low at 12.8k satoshi. At the moment it's traded just a little higher, at around 12.9k satoshi.

BITTREX


4 hour Bittrex chart - Feb 14, 2017


4 hour Bittrex chart - Feb 15, 2017

Bittrex traded pretty flat in a tight 500 satoshi range from 12.9k to 13.4k satoshi, at the moment being on the lower end at 12.9k.
VOLUME COMPARISON


STEEM/BTC volume Bittrex Feb 14, 2017


STEEM/BTC volume Bittrex Feb 15, 2017


STEEM/BTC volume Poloniex Feb 14, 2017


STEEM/BTC volume Poloniex Feb 15, 2017


STEEM indexed global volume Feb 14, 2017


STEEM indexed global volume Feb 15, 2017



Coinmarketcap top volume cryptos Feb 14, 2017



Coinmarketcap top volume cryptos Feb 15, 2017
Overall volume about 9% lower then yesterday, $STEEM on 32nd place on the volume rankings.
Poloniex volume about 8% lower then yesterday, ~53 BTC.
Bittrex volume about 44% higher then yesterday, ~12 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

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COMMENT

The price is flattening out close to the all time low levels, this is a point where we are either going to see a drop into a further downtrend making new all time lows in the coming future, or a successful bounce and a turn into a probably slow, but sure uptrend.

True, as a third option we may as well see a huge 5 minute dump to 5k sat followed by a extraordinary big green candle -)

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Have we bottomed out? That is the question...