$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #67, "If you give this trend a ride,,," Oct. 07, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 06, 2016
4 hour Poloniex chart - Oct. 07, 2016
1 day Poloniex chart - Oct. 06, 2016
1 day Poloniex chart - Oct. 07, 2016
The price dumped even harder, making a liver low at ~0.000605, it was a quite firm push downwards. Now its trading slightly above that at around 0.000617.
BITTREX
4 hour Bittrex chart - Oct. 06, 2016
4 hour Bittrex chart - Oct. 07, 2016
The Bittrex price dumped a bit further down, reaching the 0.000605 support line and spiking slightly below it, hitting exactly 0.0006 BTC in the lowest point.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 06, 2016
STEEM/BTC volume Bittrex Oct. 07, 2016
STEEM/BTC volume Poloniex Oct. 06, 2016
STEEM/BTC volume Poloniex Oct. 07, 2016
STEEM indexed global volume Oct. 06, 2016
STEEM indexed global volume Oct. 07, 2016
Coinmarketcap top volume cryptos Oct. 06, 2016
Coinmarketcap top volume cryptos Oct. 07, 2016
Overall volume about 110% highe rthen yesterday, $STEEM on 21st place on the volume rankings.
Poloniex volume about 110% higher then yesterday, ~104 BTC.
Bittrex volume about 300% higher then yesterday, ~36 BTC.
COMMENT
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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.
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COMMENT
Seem the price is still in a downtrend, although it is on a support level and could make a bounce here or even have reached the bottom here I 'm not confident enough to call it here, not anymore,, It seems to me (now,,,) the price wants to reach near to a 100% with possible targets on ~0.00045 or even as low as ~0.00033.
Let's hope I'm massively wrong as yesterday and the price starts pumping really hard,,,
I agree... from a technical perspective this does not look good... My guess is that your downside targets will both be reached :/
Wow its not looking bright atm but I feel it will pickup at some point.
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Steem is definitely in oversold territory. Up movement is a matter of days.