$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #215, Mar. 19 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Mar. 17, 2017
4 hour Poloniex chart - Mar. 19, 2017
1 day Poloniex chart - Mar. 17, 2017
1 day Poloniex chart - Mar. 19, 2017
The price went up towards the 34k resistance, topping lightly bellow it, at 33k satoshi.
It then started turning and went into a downwards move making a new local low at 17.3k satoshi, just 300 satoshi above the 17k support line, but got pulled back up and has been traded between 25k and 20k satoshi since.
At the moment the price is traded slightly under the 20k line around 19.5k satoshi.
BITTREX
4 hour Bittrex chart - Mar. 17, 2017
4 hour Bittrex chart - Mar. 19, 2017
Bittrex also topped at 33k satoshi but since turning to the downside it made a local low at 18.3k satoshi, 1k satoshi above the one made on Poloniex.
At the moment its traded around 19k satoshi.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Mar. 17, 2017
STEEM/BTC volume Bittrex Mar. 19, 2017
STEEM/BTC volume Poloniex Mar. 17, 2017
STEEM/BTC volume Poloniex Mar. 19, 2017
STEEM indexed global volume Mar. 17, 2017
STEEM indexed global volume Mar. 19, 2017
Coinmarketcap top volume cryptos Mar. 17, 2017
Coinmarketcap top volume cryptos Mar. 19, 2017
Overall volume about 68% lower thenon March 17, $STEEM on 11th place on the volume rankings.
Poloniex volume about 54% lower then on March 17, ~1620 BTC.
Bittrex volume about 28% lower then on March 17, ~180 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
COMMENT
Seeing 2 possibilities tomorrow:
1st - the price starts turning here and goes towards the 25k resistance (at least! if it breaks the resistance, possible targets 35-39k satoshi)
2nd - the price goes down to around 13k satoshi where it then tries to turn in order for a new uptrend wave.
It will go up to 23 and then it will drop to 17 approximately then it will go up to 21,5
I thought I take a guess, just for the fun of it.
edit;
Oh how stupid of me. We are way further in time then I thought when I made the predictiond. facepalm for myself lol.
Thanks for your analysis @ozchartart. It's been an interesting weekend to keep tabs on trends, resistances and candles! Thanks for sharing your insight.
Nice write up! Much appreciated :-D. Followed and upvoted! Thank you for your efforts. This is what Steem is about!!!