$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #82, "going for the touchdown" Oct. 22, 2016.

in #steem7 years ago

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Oct. 21, 2016


4 hour Poloniex chart - Oct. 22, 2016


1 day Poloniex chart - Oct. 21, 2016


1 day Poloniex chart - Oct. 22, 2016
The price made a drop to the 0.00034 levels, making a new all time low at 0.00033895 BTC. At the moment its traded slightly around 0.00035 BTC.

BITTREX


4 hour Bittrex chart - Oct. 21, 2016


4 hour Bittrex chart - Oct. 22, 2016
The Bittrex price dropped to the 0.00034 line, slightly above Poloniex, making a new local low on 0.00034010 BTC.
At the moment its traded around the same levels as Poloniex, ~0.00035 BTC.

VOLUME COMPARISON


STEEM/BTC volume Bittrex Oct. 21, 2016


STEEM/BTC volume Bittrex Oct. 22, 2016


STEEM/BTC volume Poloniex Oct. 21, 2016


STEEM/BTC volume Poloniex Oct. 22, 2016


STEEM indexed global volume Oct. 21, 2016


STEEM indexed global volume Oct. 22, 2016



Coinmarketcap top volume cryptos Oct. 21, 2016


Coinmarketcap top volume cryptos Oct. 22, 2016
Overall volume about 81% higher then yesterday, $STEEM on 34th place on the volume rankings.
Poloniex volume about 85% higherer then yesterday, ~100 BTC.
Bittrex volume about 7% higher then yesterday, ~20 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 :)

Sort:  

COMMENT
Today's downwards push was fueled with a decent volume.
Seems the price is making its way downwards for a full retrace, likely possible flat out here then another leg down.

postimage
The trend line from September 24 is still holding.

"analysis"

Steem is going below the pits of Mordor because so far

  • it is not a social platform
  • it is not a currency

It goes down because it is simply a token exchange platform much like poloniex where any investor who dares to invest will be blead out dead bcause the power is based on a pyramidal distribution scheme.

pyramidal distribution scheme

Please show me ..

Excellent information thanks

Soo much red. It's bleeding out...

This post has been linked to from another place on Steem.

Learn more about and upvote to support linkback bot v0.5. Flag this comment if you don't want the bot to continue posting linkbacks for your posts.

Built by @ontofractal

In July the price was $4, now $0.21.
It's time to buy I guess.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70557.88
ETH 3560.83
USDT 1.00
SBD 4.75