$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #9 "Are we there yet...?" Aug 8, 2016
Hello Steemers!
Today only with the $STEEM chart. No altcoin for today unfortunately :(.
After few now volatility days we are finally starting to see some coming back, so lets go!
POLONIEX
4 hour Poloniex chart - Aug 7, 2016
4 hour Poloniex chart - Aug 8, 2016
1 day Poloniex chart - Aug 8, 2016
Today the price has pushed down and made a slightly lower new low. Starting to push upwards right after.
The daily chart shows that the price is still within the accumulation zone. Althou the price is still pushing we don't see any significant volume.
BITTREX
4 hour Bittrex chart - Aug 7, 2016
4 hour Bittrex chart - Aug 8, 2016
The Bittrex price touched it's well known low testing it once again and bouncing up for the 3rd time.
Bittrex as well didn't made any significant volume so far, but the day has just begun.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 7, 2016
STEEM/BTC volume Bittrex Aug 8, 2016
STEEM/BTC volume Poloniex Aug 7, 2016
STEEM/BTC volume Poloniex Aug 8, 2016
STEEM indexed global volume Aug 7, 2016
STEEM indexed global volume Aug 8, 2016
Coinmarketcap top volume cryptos Aug 7, 2016
Coinmarketcap top volume cryptos Aug 8, 2016
Although the overall volume more then doubled in comparison to the last 2 day's it's still low considering the history.
Poloniex is clearly showing it's taking the main exchange role from Bittrex.
While the volume on Poloniex more then doubled from 245 BTC to 532 BTC, the Bittrex volume went just from 86 BTC to 95 BTC.
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?
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 price is showing some solid support and we seem to have broken the downtrend, will there be more sideways action or a pump straight away, it's very hard to tell, due to high inflation there might be allot more accumulation.
On the other hand if over the course of the next few days the price show's some good increase in volume with solid buy support, we might just be starting to see the next pump.
Nice information
I agree with your analysis @ozmaster
good job
thanks @ozmaster @ozchart
The same analysis with you, I think it really looks good for future viewing steemit soon
i'am comment sir, thanks you the best mr @ozmaster @ozchartart
@ozmaster Your probably my favorite Steemer because you are very active, and produce quality formulated posts. Thanks for the great service. Needless to say you got my upvote.
Question for you. A couple of days ago you posted a thread about technical analysis, and I commented asking you to explain your Poloniex setup. I got alot of upvotes, and i think it said the payout was ~$400. Thats crazy! I didnt see a payout, can you explain?
My bet is on accumulation for a while still. Great post, your analysis is second to none when it comes to the STEEM charts.
My technical analysis Elliot Wave,I think the price will go to 0.0015, 0.001
Pump? As in pump and dump....😁https://steemit.com/steemit/@marco555/steemit-is-a-facebook-killer-a-brief-tallk-on-the-start-of-something-new
Yes, this is chart analysis will help for newcomer to trade on cryptocurrency
nice post @ozchartart
good analysis
busyet
Ye...commentnya pakai bahasa Inggris dong ntar yang nulis kagak ngerti ha...ha.., Mas dari Indonesia ya, mudah-mudahan banyak orang kita aktif di Steemit. :)
ya btl itu
wanjirr
Steemit.com will go viral! It creates so many new boundless possibilities. Within the next years it'll be one of the greatest sources to share information! The buy support is very important to keep steady the price.
Hi great analysis @ozmaster, I totally agree with you @simon.braki.love, the possibilities are limitless, the increasing number of new users is impressive, which in my opinion will increase the trade volume gradually, steemit is still in a stage of growth comparable to the early bitcoin, I'm sure that steem will take one of the most important places in the history of crypto currency.
Thanks man!
ANOTHER awesome post by the OZ. Glad to see you're keeping these posted regularly! You've been pretty accurate so far, keep it up.
Thanks man! will try to keep it up and hopefully get better as time progresses :)
nice post! thanks
This is good analysis. Thank you.
Thank you for the comment! I hope it was a usfeull short read
Jeff is powering Up...
@ozchartart Nice work man like always. Here's what I had
TradingView Image
Did you ever check out that volume book ?
Take it easy man
hey, sorry was away yesteday, jsut found time to comment now, rly full day and its already 5 am hahaha,, i did check it out, didn't read it, but i thought i commented on the post where u first showed it to me, it's definitly on my to read list!
Right on @ozmaster.
Steemit will go viral in a few months from now. The pageviews per user for Steemit was more than Twitter, Reddit, and even Facebook for most of July! The peaks even beat Amazon, and in fact, one of the peaks of the Steemit data even beats Google! Also, time spent by each user on Steemit is more than both Amazon's and Twitter's. In fact, Steemit's time spent by user is almost twice that of Twitter's. Source: Alexa.com
This is excellent and highly informative analysis @ozchartart ! I'm excited to see the price of steem going up and the SBD getting closer in value to an actual dollar as the market confidence in steem grows.