$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #76, "HOOODL!!" Oct. 16, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 15, 2016
4 hour Poloniex chart - Oct. 16, 2016
1 day Poloniex chart - Oct. 15, 2016
1 day Poloniex chart - Oct. 16, 2016
The price went down and hit the 0.000385 support line, the all time low, from where it slowly started going up with some small spikes. Now it's trading about 0.00041 BTC.
BITTREX
4 hour Bittrex chart - Oct. 15, 2016
4 hour Bittrex chart - Oct. 16, 2016
The Bittrex price on the other hand came down to the 0.0004 support level and traded on it the whole time with small spikes up and down.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 15, 2016
STEEM/BTC volume Bittrex Oct. 16, 2016
STEEM/BTC volume Poloniex Oct. 15, 2016
STEEM/BTC volume Poloniex Oct. 16, 2016
STEEM indexed global volume Oct. 15, 2016
STEEM indexed global volume Oct. 16, 2016
Coinmarketcap top volume cryptos Oct. 15, 2016
Coinmarketcap top volume cryptos Oct. 16, 2016
Overall volume about 101% higher then yesterday, $STEEM on 20th place on the volume rankings.
Poloniex volume about 106% higher then yesterday, ~84 BTC.
Bittrex volume about 80% higher then yesterday, ~58 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
Seems like the price is defending the 0.0004 support level. Hopefully we will see it spike today, first resistance would still be the 0.00048 line, which also seems to have marked a possible accumulation area.
I have to admit that I am little surprised that the October 11 lows are still holding the price.
This is great information thank you.
niiiiiice!
Great article, thanks!
Thanks for this. Would it be possible for you to provide a brief commentary on your findings? I'm attempting to self-study cryptocurrencies but have little financial knowledge. I believe any comments and opinions you have would add great dialogue here. Eager to learn more from you.
@ozchartart.
following you and upvoted your post,
even if i still have a lot to learn here.
I'm quite skeptical that this price level will hold. So far there's little evidence to suggest we've found a bottom, and we've already experienced the mini price spike that often occurs after a leg down. Overall the declining chart pattern remains the same, as does my buying strategy: I've got a series of buy orders at various points throughout the order book, with each buy being about 25% below the previous one. Now is definitely a great time to be slowly accumulating, as we're bound to hit a bottom eventually. But it's anyone's guess when / where that will actually be, so I'd suggest not going all in at once and accumulating over time with a cost-averaging strategy.
Great TA as always. Thanks again for sharing. Upvoted. Stephen
Thanks for your work and detailed information
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