$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #33 "Still a long way to the top" Sept 01, 2016
Hello Steemers!
Mild downtrend today with very low volume. lets see.
POLONIEX
4 hour Poloniex chart - Aug 31, 2016
4 hour Poloniex chart - Sept 01, 2016
Poloniex is bouncing on that support line with some more volume on sells today. but overall small volume.
looking like its preparing for a move.
BITTREX
4 hour Bittrex chart - Aug 31, 2016
4 hour Bittrex chart - Sept 01, 2016
Bittrex price dancing on the ~0.00158 line whole day, really low volume today, nearly none.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 31, 2016
STEEM/BTC volume Bittrex Sept 01, 2016
STEEM/BTC volume Poloniex Aug 31, 2016
STEEM/BTC volume Poloniex Sept 01, 2016
STEEM indexed global volume Aug 31, 2016
STEEM indexed global volume Sept 01, 2016
Coinmarketcap top volume cryptos Aug 31, 2016
Coinmarketcap top volume cryptos Sept 01, 2016
The volume was less then 50% compared to yesterday.
Poloniex still way ahead of Bittrex where STEEM had hardly any volume today.
Adequately STEEM lost quite a few places in volume ranking, being kicked out of the top 20 for the first time since the pump(?).
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
A bit of a downtrend today but with really low volume, which indicates to me that it's more likely that we will see the uptrend continue in the next days,,,
If not further flat out, I'd expect the price to go for one of the 3 yellow lines tomorrow.
If hard uptrend happens even blue line is a possible target IMHO
Thanks for sharing. What's your thought on this ?
I see a triangle. And 2 scenarios: A) Buy above 0.02 with target of 0.025 or B) Sell below 0.0125 with target of 0.01.
thx for the stats
Thank you so much oz!! I always look into on your reference when you analyse the Steem data and technique.
Great tech analysis with static backup. Thanks.
So, it's a good time to buy Steem? lol
Cool