$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #161, Jan. 13, 2017.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Jan. 11, 2016
4 hour Poloniex chart - Jan. 13, 2017
1 day Poloniex chart - Jan. 12, 2016
1 day Poloniex chart - Jan. 13, 2017
The 17k support line failed to hold and the price had a big and quick dump marking a new local low at 0.000154 BTC.
It was quickly pulled back up above the 16.3k satoshi support. Since the price has been trading in a slight downtrend from 17k to the 16.3k support line with a recent small spike above and bellow each.
At the moment its traded around 0.000166 BTC .
BITTREX
4 hour Bittrex chart - Jan. 12, 2016
4 hour Bittrex chart - Jan. 13, 2017
Bittrex had a downtrend day, trading from 17.5k satoshi down to 16.3k satoshi where it's traded at the moment.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Jan. 12, 2016
STEEM/BTC volume Bittrex Jan. 13, 2017
STEEM/BTC volume Poloniex Jan. 12, 2016
STEEM/BTC volume Poloniex Jan. 13, 2017
STEEM indexed global volume Jan. 12, 2016
STEEM indexed global volume Jan. 13, 2017
Coinmarketcap top volume cryptos Jan. 12, 2016
Coinmarketcap top volume cryptos Jan. 13, 2017
Overall volume about 8% higher then yesterday, $STEEM on 23th place on the volume rankings.
Poloniex volume about 17% higher then yesterday, ~96 BTC.
Bittrex volume about 60% lower then yesterday, ~6 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!
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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.
Everyone who uses TA develops his own unique charting style, please keep that in mind.
Kind regards, OZ
Unfortunately steem is no longer in the top 10 of the market cap (at this moment), is fighting 11th place with Iconomi. My question is if there is too much "power down" at a time where the price is critical. And how it is impacting on the Steemit ecosystem . Remember we are all shareholders.
COMMENT
We are entering the weekend, which is usual low on volume and volatility, this is why i would lead towards the price going a bit down towards the ~15.7k support where I believe it would mark a higher local low, thou if the price shows signs of a turn I would expect it to go a little above the 17k resistance line , ~17.2k satoshi.
Thanks again for the solid information, all for one and one for all!!! Namaste :)
Time to buy for cheap
Resteemed, have a good weekend
Just about to post my Bitcoin Canada Price chart update in a couple mins.
Interesting charts. I enjoy steem it for reasons besides monetary value; money among friends is not borrowing or loaning more of a what's yours is mine and what's mine is yours. People have always said friendship and business don't mix; idk if that's true or not but it's really none of my business, friend:)