$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #202, Feb. 23, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Feb 22, 2017
4 hour Poloniex chart - Feb 23, 2017
1 day Poloniex chart - Feb 22, 2017
1 day Poloniex chart - Feb 23, 2017
The price spiked down to 9.6k satoshi and is now traded at around 9.9k satoshi.
BITTREX
4 hour Bittrex chart - Feb 22, 2017
4 hour Bittrex chart - Feb 23, 2017
Bittrex also had a dump down to 9.6k satoshi and is at the moment traded around 9.7k satoshi.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Feb 22, 2017
STEEM/BTC volume Bittrex Feb 23, 2017
STEEM/BTC volume Poloniex Feb 22, 2017
STEEM/BTC volume Poloniex Feb 23, 2017
STEEM indexed global volume Feb 22, 2017
STEEM indexed global volume Feb 23, 2017
Coinmarketcap top volume cryptos Feb 22, 2017
Coinmarketcap top volume cryptos Feb 23, 2017
Overall volume about 20% lower then yesterday, $STEEM on 18th place on the volume rankings.
Poloniex volume about 10% lower then yesterday, ~170 BTC.
Bittrex volume about 31% lower then yesterday, ~15 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.
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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
The ~9.9-9.6k satoshi level seems to be playing an support level, as shown on the hourly chart bellow, I see 2 possible situations,
1st - the ~9.9-9.6k satoshi support holds and the price keeps the uptrend going to the 12.6k satoshi resistance,
2nd- the price gets pushed down to ~9.2k satoshi where I expect support and possibly a bounce point.
great post
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