$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #77, "weird isn't always bad" Oct. 17, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 16, 2016
4 hour Poloniex chart - Oct. 17, 2016
1 day Poloniex chart - Oct. 16, 2016
1 day Poloniex chart - Oct. 17, 2016
After yesterdays mild spiking the price flatened out around 0.0004 BTC with minor spikes down reaching nearly to the 0.000385 all time low and up to 0.00044.
BITTREX
4 hour Bittrex chart - Oct. 16, 2016
4 hour Bittrex chart - Oct. 17, 2016
The Bittrex price also traded in a flat out around 0.0004 with minor spikes up and down.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 16, 2016
STEEM/BTC volume Bittrex Oct. 17, 2016
STEEM/BTC volume Poloniex Oct. 16, 2016
STEEM/BTC volume Poloniex Oct. 17, 2016
STEEM indexed global volume Oct. 16, 2016
STEEM indexed global volume Oct. 17, 2016
Coinmarketcap top volume cryptos Oct. 16, 2016
Coinmarketcap top volume cryptos Oct. 17, 2016
Overall volume about 23% lower then yesterday, $STEEM on 31st place on the volume rankings.
Poloniex volume about 11% higher then yesterday, ~94 BTC.
Bittrex volume about 67% lower then yesterday, ~19 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!
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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
Seems the price is defending the ~0.0004 levels, hoping to see some accumulation to slowly start with some bounces, first target still the 0.00048 resistance.
I am still expecting that we drop below the October 11 lows.
Thanks again for the info, even though our Steem $ are on the way down... Namaste :)
Great info, thanks!
Appreciate the update.
Upvoted.
When a price spends more time at support, when pushes up are met with sellers... To the point where each push up is met with sellers at lower prices.
As in this case... Then price will most likely 'breakout' below support.
Ignore this 90's tech stock shill, price is most likely NOT reversing.
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