Steem continues the nose dive, steem dollar consolidating - TA 16th September 2016
STEEMBTC 1HR ANALYSIS (POLONIEX)
Steem has broken to the downside as expected and can now be expected to go sideways a bit before the next break down, any recovery looks unlikely at this point and break to the downside is imminent, we may go straight down too if there is enough volume.
Key Levels:
Support: 0.00078712
Resistance: 0.00084915
STEEM DOLLAR 4HR ANALYSIS (POLONIEX)
The steem dollar is in an up trend and currently the price is consolidating forming a corrective structure, we can expect some more sideways movement within this structure (shown in the chart) for sometime and a break out of it above 0.00143337 would resume the main up trend.
Key Levels:
Support: 0.00134723
Resistance: 0.00143337
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I have decided to exclude STEEMETH from this post as the volumes are too low but it is the same scenario as STEEMBTC
Great analysis, I have been watching as most people have with great interest. Thats quite a good chart might have to open a poloniex account!
thank you, just keep in mind that there are accounts holding insane amounts of steem like @steemit, they can change the picture any moment they want and send the price spiking up. I have a feeling they might take action if they feel it's time to take it up. If you analyze the trades further it's mostly @steemit with huge sell orders that is sending the prices off the cliff. A good piece of advice if you intend to sell would be to put stop loss at break even as soon as you get a safe distance.
it was over 1.50 dlls p/steem and I calledt hat it will go down 0.20 cents p/steem, I am .34 cents away from my prediction now. hurt the whales not buying steem power and then they will try to do something but maths do not lie, Steem is mathematically unsustainable, inflationary, and also very well MILKED.
time will tell, let's see
Definitely this week steemwill hit .30 cents.
To buy and sell Steem, is it best to use Poloniex platform or other plateforms available?
How is it different using Polniex in buy and selling compare to trading on Steemit website?