$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #34 "Price is what you pay. Value is what you get" Sept 02, 2016
Hello Steemers!
Bit harder downtrend today, but not looking all to bad imho.
POLONIEX
4 hour Poloniex chart - Sept 01, 2016
4 hour Poloniex chart - Sept 02, 2016
A bit harder downtrend today, although with not much change in volume, atm advancing to the all time low.
BITTREX
4 hour Bittrex chart - Sept 01, 2016
4 hour Bittrex chart - Sept 02, 2016
Bittrex had a bit harder dump then polo, double the volume of yesterday, nearly hitting the local low on the white support line.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 01, 2016
STEEM/BTC volume Bittrex Sept 02, 2016
STEEM/BTC volume Poloniex Sept 01, 2016
STEEM/BTC volume Poloniex Sept 02, 2016
STEEM indexed global volume Sept 01, 2016
STEEM indexed global volume Sept 02, 2016
Coinmarketcap top volume cryptos Sept 01, 2016
Coinmarketcap top volume cryptos Sept 02, 2016
Overall volume just slightly higher then yesterday, but Bittrex made double volume compared to yesterday which was probably the cause for harder price move then Poloniex.
COMMENT
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COMMENT
I think there is a decent chance that we see the price make a higher low here and a mild bounce up.
Harder uptrend possible as well if the price makes a higher low here.
Downtrend still possible, if downtrend happens I'd expect first a test or two on the all time from Poloniex rather then a hard and firm break of it.
Kind off expecting more accumulation around this price levels.
Going down
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Great stats! Thanks for sharing!
Big fan of stats. Thanks for sharing!
like (Y)
At worst we need a bottoming base to form here so the prior low becomes a solid support. If we consolidate sideways for a bit may be able to form a cup and handle, although be it a steep up.
nice