$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #87, "Ding ding dong" Oct. 27, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 26, 2016
4 hour Poloniex chart - Oct. 27, 2016
1 day Poloniex chart - Oct. 26, 2016
1 day Poloniex chart - Oct. 27, 2016
The price dropped a tiny bit more marking another all time low - 0.00020050 BTC where its traded around now.
BITTREX
4 hour Bittrex chart - Oct. 26, 2016
4 hour Bittrex chart - Oct. 27, 2016
The Bittrex price marked it's all time low a bit bellow Poloniex today, 0.00019700 BTC, is now trading slightly above 0.0002.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 26, 2016
STEEM/BTC volume Bittrex Oct. 27, 2016
STEEM/BTC volume Poloniex Oct. 26, 2016
STEEM/BTC volume Poloniex Oct. 27, 2016
STEEM indexed global volume Oct. 26, 2016
STEEM indexed global volume Oct. 27, 2016
Coinmarketcap top volume cryptos Oct. 26, 2016
Coinmarketcap top volume cryptos Oct. 27, 2016
Overall volume about 31% higher then yesterday, $STEEM on 24th place on the volume rankings.
Poloniex volume about 44% higher then yesterday, ~125 BTC.
Bittrex volume about 19% lower then yesterday, ~26 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 :)
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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
The price in a new all time low,, steemfest approaching could impact the price i a positive way, although we are still in downtrend and still plenty days to go till steemfest. Holding my bags , buying a bit along the way and waiting for reversal
We have a nice wedge pattern here. Waiting for the breakout.
Lines drawn on a graph mean nothing. You guys need to stop wasting your time looking at graphs and look at the underlying fundamentals that drive those graphs. It's a social network and the commodity being bought and sold is attention and that means things like number of users, user activity, posts per day, etc.
When you see the 30 day average (new users per day), (posts per day), and things like that turn around, that is the time to by IMO. That will signify the bottom and a change in trend. Again, IMHO. :)
Did you catch the bottom of oil market this year By following Fundamentals?
this image should make us feel bullish but there is so much sell pressure that I dont even know anymore! lol
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Yep. It's the usage data like this that we should be watching not these dorky lines drawn on a graph. Stock market analytics don't apply very well here. This is not a company with quarterly earnings reports and the crypto market is not tied to the FED's fund rate, and bond market the way the stock market is.
Bravo! excellent post as always, I'm not the one to give an answer. I can say is my concern to see how the price plummets when I met him was, around u $ S 1 is now on the floor, is a great uncertainty. response will surely have many people who understand the subject congratulations and continued success
Exciting stuff. Thank you so much 😊
not sure where bottom is ;x
Another down day. Reserving short term optimism. Long term, I am looking towards the hiring of a Steemit marketing person with a plan + new competitive features leading to v1.0 gold release. Hope they make a big splash with media, users, outlets, crypto-audiences, content people, etc. That is the point on the horizon I am looking towards.
Is there a way to easily the number of people that are powering down, and the volume, so we have an idea how much additional steem will come onto the market?