$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #66, "Now on the verge,,," Oct. 06, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 05, 2016
4 hour Poloniex chart - Oct. 06, 2016
1 day Poloniex chart - Oct. 05, 2016
1 day Poloniex chart - Oct. 06, 2016
The price pretty much flattened out after yesterday's drop. It had a very small bounce, not even worth mentioned and is now trading around the all time low Poloniex level ~0.00066 BTC.
BITTREX
4 hour Bittrex chart - Oct. 05, 2016
4 hour Bittrex chart - Oct. 06, 2016
Bittrex also flattened out with the volume being near to nothing, at the moment trading at ~0.00067.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 05, 2016
STEEM/BTC volume Bittrex Oct. 06, 2016
STEEM/BTC volume Poloniex Oct. 05, 2016
STEEM/BTC volume Poloniex Oct. 05, 2016
STEEM indexed global volume Oct. 05, 2016
STEEM indexed global volume Oct. 06, 2016
Coinmarketcap top volume cryptos Oct. 05, 2016
Coinmarketcap top volume cryptos Oct. 06, 2016
Overall volume about 75% lower then yesterday, $STEEM on 32nd place on the volume rankings.
Poloniex volume about 80% lower then yesterday, ~50 BTC.
Bittrex volume about 77% lower then yesterday, ~9 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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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
Looks like there is nearly to no interest by most of the people to dump at these low levels, Although the price is still in a downtrend only the big dumps seem to be making any movement.
We can see how the volatility is gradually decreasing over time, now leading to a total flat out.
IMHO this screams for a nice bounce, there seems to be low downwards pressure from the overall market, just here and there some big hand dumping.
We are in a clear downward channel currently. I would wait for a breakout out of this channel before buying.
nice
Resteemed!
Thank you very much!
It looks to me like this is either the exact bottom and a screaming buy or it is about to plunge to new lows...
omg whats going on here o0?
Honestly, I have no idea what I'm looking at except kind of a downward trend...but at least we're on the list!
what I can say is that I appreciate all the work you put into this post @ozchartart - great work!
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