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