$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #81, "Turn on your light" Oct. 21, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 20, 2016
4 hour Poloniex chart - Oct. 21, 2016
1 day Poloniex chart - Oct. 20, 2016
1 day Poloniex chart - Oct. 21, 2016
Right after starting the weak bounce yesterday the price turned sharply and drop down into new all time lows on 0.00036 BTC where it is being traded since.
BITTREX
4 hour Bittrex chart - Oct. 20, 2016
4 hour Bittrex chart - Oct. 21, 2016
The Bittrex price also had a likewise sharp turn to the downside making a new local low, dipping just a finger bellow Poloniex, stopping at 0.00035891 BTC. It's been traded slightly above, at the 0.00036 line ever since.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 20, 2016
STEEM/BTC volume Bittrex Oct. 21, 2016
STEEM/BTC volume Poloniex Oct. 20, 2016
STEEM/BTC volume Poloniex Oct. 21, 2016
STEEM indexed global volume Oct. 20, 2016
STEEM indexed global volume Oct. 21, 2016
Coinmarketcap top volume cryptos Oct. 20, 2016
Coinmarketcap top volume cryptos Oct. 21, 2016
Overall volume about 1% higher then yesterday, $STEEM on 34th place on the volume rankings.
Poloniex volume about 4% lower then yesterday, ~54 BTC.
Bittrex volume about 19% higher 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.
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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
The weak bounce try from yesterday got totally denied and the price seems to be heading downwards again.
Added some lines for possible stops. It seems it is going for a full retrace, probably stopping at around 0.00034 or 0.00031 with a volumed spike below those levels to mark the very bottom.
Essentially trying to catch a falling knife until we see a legit base and turn higher. My desire to power up on steemit overrode my knowledge as a trader on my last two purchases though...haha. Hopefully we find support at the prices you listed. :-)
I kindoff think it will bottom out lowest 29
You're not alone. I thought 40 cents would hold. :/
Thanks again for the info, looking forward to a full recovery of the Steem upward trend... Namaste :)
excellent post thanks for the info congratulations
How low we go nobody knows. I don't think we'll see a base until after STEEMfest.
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