$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #195, Feb. 16, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Feb 15, 2017
4 hour Poloniex chart - Feb 16, 2017
1 day Poloniex chart - Feb 15, 2017
1 day Poloniex chart - Feb 16, 2017
The price made two hard spikes which broke the 13.5k resistance and even spiked through the 14.2k resistance making a new local high at 14.5k satoshi.
It then got pulled back down bellow the 13.5k resistance line going to the 13k support line after which it turned again and is now trading around 13.2k satoshi.
BITTREX
4 hour Bittrex chart - Feb 15, 2017
4 hour Bittrex chart - Feb 16, 2017
Bittrex has had an uptrend making spikes up to 14k satoshi.
At the moment it got pulled down and is trading at around 13.3k
VOLUME COMPARISON
STEEM/BTC volume Bittrex Feb 15, 2017
STEEM/BTC volume Bittrex Feb 16, 2017
STEEM/BTC volume Poloniex Feb 15, 2017
STEEM/BTC volume Poloniex Feb 16, 2017
STEEM indexed global volume Feb 15, 2017
STEEM indexed global volume Feb 16, 2017
Coinmarketcap top volume cryptos Feb 15, 2017
Coinmarketcap top volume cryptos Feb 16, 2017
Overall volume about 57% higher then yesterday, $STEEM on 27th place on the volume rankings.
Poloniex volume about 80% higher then yesterday, ~95 BTC.
Bittrex volume about 51% lower then yesterday, ~6 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!
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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 uptrend to the 13.5k resistance, after that if it break i expect a rise to about 14.2k satoshi, if it holds another dump to 13k satoshi. Leaning towards the uptrend being more likely.
How much of an effect do you think the new UI will have on the price? :3
not really sure, so far i had the impression, in whole crypto, not just STEEM, that news fuel moves, not direct the price, so I goes wherever it leans to it will get fueled be it up or down
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