$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #48, "price on fire, burning with desire?" Sept 17, 2016
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 16, 2016
4 hour Poloniex chart - Sept 17, 2016
1 day Poloniex chart - Sept 16, 2016
1 day Poloniex chart - Sept 17, 2016
After making a new all time low and trying to go further down yesterday, the price made a nice bounce which seems to have been stopped by the ~0.0009 resistance level. Now heading back down but with far lower volume then on the bounce.
BITTREX
4 hour Bittrex chart - Sept 16, 2016
4 hour Bittrex chart - Sept 17, 2016
After reaching the ~0.00078 support level the price bounce up being contained at the ~0.0009, and is now like on Poloniex coming back down but with far less volume then on the bounce.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 16, 2016
STEEM/BTC volume Bittrex Sept 17, 2016
STEEM/BTC volume Poloniex Sept 16, 2016
STEEM/BTC volume Poloniex Sept 17, 2016
STEEM indexed global volume Sept 16, 2016
STEEM indexed global volume Sept 17, 2016
Coinmarketcap top volume cryptos Sept 16, 2016
Coinmarketcap top volume cryptos Sept 17, 2016
The overall volume today was about 175% bigger then yesterday with Poloniex still being the obvious major exchange.
$STEEM again under the top 20 on the volume rankings.
Poloniex volume about 175% bigger then yesterday ~311 BTC.
Bittrex volume about 160% bigger then yesterday ~26 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 :)
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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
If the volume on the downtrend keeps being low and shows some strength on the ~0.00085 support line, i would expect the price to go upwards towards the next resistance level.
If the volume on the downtrend starts rising and the support line shows too weak and break i would expect the price to go down and probably make an attack on the ~0.0007 support level
I appreciate your daily updates and your commentary.
Thank you for consistently being diligent in creating these charts and performing your analysis.
Steem on,
Mike
Thanks for the support! And my apology to everyone if I don't reply to the comments every day!
UP vote for the charts and HammerFall \m/
Thanks allot kenny! metal forever ;)
Thanks for the update, @ozchartart!
You just to wait till the price is corrected, to start trading heavy. For now I'm trading light on steem, waiting for the bull run.
I was a buyer yesterday. Glad to get a load of steem :)
Great work.