$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #210, Mar. 13, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Mar. 02, 2017
4 hour Poloniex chart - Mar. 13, 2017
1 day Poloniex chart - Mar. 02, 2017
1 day Poloniex chart - Mar. 13, 2017
A after making a new all time low on March 2nd, the price went up to the 7.9k resistance, marking a new local high with a spike at 8.6k satoshi.
It then traded between 7.2k and 7.9k satoshi for a couple of days till March 9th, when it broke on the downside first stopping at around the 7k level near the all time low made on Match 2nd.
It then broke the all time low level and went down to make a new all time low at 5.8k satoshi.
After making the new all time low the price got a nice bounce to 7k satoshi and then started slowly going down again to 5.8k satoshi, where it then once again turned and entered a uptrend topping slightly bellow the 7.9k satoshi resistance.
At the moment it's traded around 7.2k satoshi.
BITTREX
4 hour Bittrex chart - Mar. 02, 2017
4 hour Bittrex chart - Mar. 13, 2017
After reaching the an all time low on 6.8k satoshi on March 3rd the Bittrex price had a mild uptrend to 8k satoshi, trading between 8k and 7.5k for a few days and then like Poloniex started going down and made a new all time low at 5.7k satoshi, where it then turned for the first time with a bounce to 7k satoshi which followed by another mild downtrend to the all time low level.
After it reached the 5.7k satoshi all time low the price turned once again, entering a uptrend which topped at 7.7k satoshi.
At the moment it's traded around 7.2k satoshi.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Mar. 02, 2017
STEEM/BTC volume Bittrex Mar. 13, 2017
STEEM/BTC volume Poloniex Mar. 02, 2017
STEEM/BTC volume Poloniex Mar. 13, 2017
STEEM indexed global volume Mar. 02, 2017
STEEM indexed global volume Mar. 13, 2017
Coinmarketcap top volume cryptos Mar. 02, 2017
Coinmarketcap top volume cryptos Mar. 13, 2017
Overall volume about 270% higher then on March 02, $STEEM on 33rd place on the volume rankings.
Poloniex volume about 255% higher then on March 02, ~208 BTC.
Bittrex volume about 206% higher then on March 02, ~21 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
Great post and analyze :) I hope we are almost ready for 1 dollar. BTW, steem should have deacreased inflation to 3-10%. It could prevent from hit lower price.
COMMENT
Seeing 2 possible moves for tomorrow,
A continuance of the uptrend towards the 8.9k resistance, or an somewhat milder downtrend to the 6.4k support.
gibs steems plox
lol
great post
Great post!
Well my community minded post today got flagged 5x and killed the rep and payout for a nice community minded encouragement post, so I was thinking of you.
Sigh.
Have a nice week man. I would love it if a couple of your whale friends removed their massive 10% flags on a post encouraging people, not what steemit needs, this stuff.
Be good my man!!!!!!!!!!!!!
I cannot tell people what to do with their SP, took me a while to get through all of them to stop voting for me, since Dan said he wouldn't downvote my posts then, but we all see how that turned out, a straight out lie,
From the flags I saw on you'r post I noticed only nextgen who I'm in a more regular contact with, will see what's its all about, I saw many posts getting flagged now, yet I also noticed that the top 10 authors didn't change much, I guess the DaNeD circlejerk continues and only that circle is allowed to earn something