$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #74, "Sooner or later" Oct. 14, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 13, 2016
4 hour Poloniex chart - Oct. 14, 2016
1 day Poloniex chart - Oct. 13, 2016
1 day Poloniex chart - Oct. 14, 2016
After spiking through the 0.00048 resistance level, the price started heading back down and made a new local low, just slightly lower then the all time low. For the past 3 hours its trading around 0.00042.
BITTREX
4 hour Bittrex chart - Oct. 13, 2016
4 hour Bittrex chart - Oct. 14, 2016
The Bittrex price made yet another higher local low, it spiked to the 0.00045 resistance and is now trading around 0.00042.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 13, 2016
STEEM/BTC volume Bittrex Oct. 14, 2016
STEEM/BTC volume Poloniex Oct. 13, 2016
STEEM/BTC volume Poloniex Oct. 14, 2016
STEEM indexed global volume Oct. 13, 2016
STEEM indexed global volume Oct. 14, 2016
Coinmarketcap top volume cryptos Oct. 13, 2016
Coinmarketcap top volume cryptos Oct. 14, 2016
Overall volume about 4% lower then yesterday, $STEEM on 20th place on the volume rankings.
Poloniex volume about 1% lower then yesterday, ~81 BTC.
Bittrex volume about 10% lower then yesterday, ~26 BTC.
COMMENT
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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.
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COMMENT
Seems the price is slowly creeping up, made a higher low once again.
First target i wanna see been broken and bounced off is the 0.00045 line.
On the downside the price should be first breaking the all time low it made on Poloniex then it enters deeper down into the thick support levels.
We might need a small miracle for the October 12 lows to hold.
!!!!
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