$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #212, Mar. 15 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Mar. 14, 2017
4 hour Poloniex chart - Mar. 15, 2017
1 day Poloniex chart - Mar. 14, 2017
1 day Poloniex chart - Mar. 15, 2017
The price broke bellow the 6.4k line making a new, thou higher local low compared to March 13th, at 5.8k satoshi.
After it made the new local low it turned up to the 6.4k now resistance line, it made 1 spike through it up to 6.6k satoshi but was quickly pulled back bellow it and has been traded between the 6.4k resistance and 6k satoshi since.
BITTREX
4 hour Bittrex chart - Mar. 14, 2017
4 hour Bittrex chart - Mar. 15, 2017
Bittrex made a new local low at 5.9k satoshi, also a higher local low and has been trading between 6.1k and 6.4k satoshi since.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Mar. 14, 2017
STEEM/BTC volume Bittrex Mar. 15, 2017
STEEM/BTC volume Poloniex Mar. 14, 2017
STEEM/BTC volume Poloniex Mar. 15, 2017
STEEM indexed global volume Mar. 14, 2017
STEEM indexed global volume Mar. 15, 2017
Coinmarketcap top volume cryptos Mar. 14, 2017
Coinmarketcap top volume cryptos Mar. 15, 2017
Overall volume about 44% higher then yesterday, $STEEM on 39th place on the volume rankings.
Poloniex volume about 44% higher then yesterday, ~213 BTC.
Bittrex volume about 22% lower then yesterday, ~18 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
That was good time for buying.
Unfortunately I missed the opportunity.
Maybe next time.
Good luck.
Steem to the moon!
COMMENT
Seeing 3 possible scenarios,
1st - the price breaks the 6.4k resistance and goes into an uptrend
2nd - we will have a flat trading day between ~6.1 and 6.3k satoshi
3rd - the 6.4k resistance holds and the price goes down into new all time lows
Personally I am in favor of the price breaking upwards as the price made a a higher low yesterday and as buy support seems decent.
^ 1 hour chart!
nice to see you back ozcharts :Dwatch out for the flag police hahaa