$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #94, "near to bounce point?" Nov. 07, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Nov. 06, 2016
4 hour Poloniex chart - Nov. 07, 2016
1 day Poloniex chart - Nov. 06, 2016
1 day Poloniex chart - Nov. 07, 2016
After reaching the 0.00025 support line yesterday, the price made a firm push downwards breaking it and resulting in a new local low on ~0.000214 BTC. At the moment it is traded around 0.00022 while looking like making it's way towards the 0.0002 support line.
BITTREX
4 hour Bittrex chart - Nov. 06, 2016
4 hour Bittrex chart - Nov. 07, 2016
The Bittrex price also had some aggressive downwards moves with a new local low on 0.000217 and is now traded around the 0.00022 levels.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Nov. 06, 2016
STEEM/BTC volume Bittrex Nov. 07, 2016
STEEM/BTC volume Poloniex Nov. 06, 2016
STEEM/BTC volume Poloniex Nov. 07, 2016
STEEM indexed global volume Oct. 06, 2016
STEEM indexed global volume Oct. 07, 2016
Coinmarketcap top volume cryptos Nov. 06, 2016
Coinmarketcap top volume cryptos Nov. 07, 2016
Overall volume about 4% higher then yesterday, $STEEM on 16th place on the volume rankings.
Poloniex volume about 5% higher then yesterday, ~166 BTC.
Bittrex volume about 11% higher then yesterday, ~34 BTC.
COMMENT
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COMMENT
Price seems to be moving down towards the 0.0002 support line, expecting it to retrace down there with a possible spike down and hopefully make another hard bounce from there.
Do you do Fib retracements? @ozmater
yes, but on higher timeframes mostly, for my "long term" trades in the altcoins, not rly a fan of daytrading them,, yet
I agree. The price is holding the Ichimoku cloud support in the four-hour chart.
Upvoted and shared on Twitter✔. Thanks again for some great TA. Stephen
https://twitter.com/StephenPKendal/status/795766945803014144
Thank you very much Stephen!
Disclaimer: I am just a bot trying to be helpful.
We didn't get that 3rd straight up day on the daily that I needed to see. Actually sold a little steem for SBD since I figured we'd head back down on that. See how low we go.....will only buy more steem if I see .00010.
Yep, we've seen this pattern before... I think it's safe to say we're headed back down. Which is fine with me, gives more time to accumulate Steem at attractive prices. The big unknown at this point is what's going to happen if / when the planned hard fork for changing the fundamental characteristics of Steem goes into effect. Until then I'd expect more of what we've been seeing in terms of declining prices.
riiiiiiiiight. the price was up now it's down heading toward the all time low. yes, we all have bittrex and polo and we see the charts. what's the value and purpose of these posts is beyond me.