$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #32 "Seems like a touch, a touch too much" Aug 31, 2016
Hello Steemers!
Some pullback after yesterdays heavy uptrend action, still showing some strong signs!
POLONIEX
4 hour Poloniex chart - Aug 30, 2016
4 hour Poloniex chart - Aug 31, 2016
The price did a small pullback using the bottom line of the swing high it made yesterday as support for another bounce. Started going down again but seems to be having trouble even with reaching the low it made just a few hours before.
BITTREX
4 hour Bittrex chart - Aug 30, 2016
4 hour Bittrex chart - Aug 31, 2016
4 hour Bittrex chart - Aug 31, 2016
Bittrex acted very similar to Poloniex price with a minor difference that it has not used a yesterdays level for the bounce, rather has used one made a day earlier.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 30, 2016
STEEM/BTC volume Bittrex Aug 31, 2016
STEEM/BTC volume Poloniex Aug 30, 2016
STEEM/BTC volume Poloniex Aug 31, 2016
STEEM indexed global volume Aug 30, 2016
STEEM indexed global volume Aug 31, 2016
Coinmarketcap top volume cryptos Aug 30, 2016
Coinmarketcap top volume cryptos Aug 31, 2016
Volume dropped on both exchanges, a little bit on Bittrex and a heavy portion on Poloniex.
Although the volume nearly halved $STEEM went just 1 place down in comparison to volume of other cryptos.
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.
Kind Regards, OZ :)
COMMENT
The movements seem nice and not too sharp. expecting confirmation of uptrend over the next few days with at least a flat out with heavier buys.
Another thing i Expect is the price moving from Bittrex support/resistance levels onto Poloniex ones, if we entered uptrend Poloniex can use its own from the recent downtrend created resistance and support levels which it could not while it was breaking into new all time lows.
yes, thanks
@ozchartart
Technical Analysis is 100% Bullshit (borderline scam)
https://steemit.com/psychology/@kyriacos/why-technical-analysis-in-trading-is-100-bullshit
agreed. this is one of the worst regular trending posts on this site, and its difficult to imagine why whales keep voting for it.
This looks like exactly what it is -- whalevote financed price hype. This guy has been getting paid thousands of dollars a day for weeks to predict an uptrend any day not and be wrong nearly every single time. If you got together a team of scientists to pick a post that made steem look more like a scam, i doubt they could come up with something better.
@sigmajin
These things only hurt Steemit. Whales don't realise they are butchering the golden goose. There is so much crap trending it can make anyone very suspicious...Sigh...
you're drawing skills are out of this planet! im blown away!
Tnx! been told that a few times already, i think this will carve it in :D
Ha, thanks for not being offended. :)
I'm looking more for this scenario to play out . Looking for 1.50 to 1.60 in a 1.61 wave 3 up . Just my 3 cents worth
Anyone else having problems withdrawing BTS from Bittrex? I'm moving everything to my wallet for the snapshot and the withdrawal has been sitting for most of the day - I've authorized via email etc. Normally the transfers are done with a few minutes. This is highly suspicious given the Peerplays snapshot could be tomorrow. Help!
My opinion to the current situation.
https://steemit.com/money/@twinner/we-still-have-not-reached-the-bottom-elliott-wave-analysis-of-the-steem-btc-market-action-of-last-3-days
Thanks for keeping us updated!
nice post
yes, thanks bro i'Love your posts
Thank you @ozchartart very good to know
You would have got an upvote just for a touch too much. The charts are gravy!! Good unes to review the charts with.
Great work @ozchartart as always.
As most of the recent strong uptrend action is driven by FA factors, maybe we can have a regular FAanalysis in the future. I'm happy to do that if people are interested.
Can you please tell me how to do bittrex trade as i am new in bittrex trading and didn't find any training video on social media or online!