$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #90, "Possble bounce" Oct. 30, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 29, 2016
4 hour Poloniex chart - Oct. 30, 2016
1 day Poloniex chart - Oct. 29, 2016
1 day Poloniex chart - Oct. 30, 2016
Today the price has spiked into a new all time low at 0.00017801 BTC, but has generaly trader above yesterday support line. At the moment it is traded at around 0.00019.
BITTREX
4 hour Bittrex chart - Oct. 29, 2016
4 hour Bittrex chart - Oct. 30, 2016
The Bittrex price spiked won to exactly the same spot as Poloniex, making a new all time low at 0.00017801 BTC. Same as Poloniex the price has been traded above yesterdays all time low line for the majority of the day, although unlike Poloniex, the Bittrex price did often spike beneath it.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 29, 2016
STEEM/BTC volume Bittrex Oct. 30, 2016
STEEM/BTC volume Poloniex Oct. 29, 2016
STEEM/BTC volume Poloniex Oct. 30, 2016
STEEM indexed global volume Oct. 29, 2016
STEEM indexed global volume Oct. 30, 2016
Coinmarketcap top volume cryptos Oct. 29, 2016
Coinmarketcap top volume cryptos Oct. 30, 2016
Overall volume about 71% lower then yesterday, $STEEM on 36th place on the volume rankings.
Poloniex volume about 80% lower then yesterday, ~44 BTC.
Bittrex volume about 35% lower then yesterday, ~17 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
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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 doing fine on defending yesterdays all time low, we might see a bounce coming.
I hope so
Ouch... maybe not just yet...
We are out of the wedge currently.
New wedge formation. The lower line seems to keep offering descending resistance.
Or support?
a very deep and interesting analysis.
Obviousness: 10/10.
Value: 0/0.
Good post indeed.
Thanks for the depressing picture.... I am going out now to cut my wrists .....LOL
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