$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #88, "would you support steems erection?" Oct. 28, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 27, 2016
4 hour Poloniex chart - Oct. 28, 2016
1 day Poloniex chart - Oct. 27, 2016
1 day Poloniex chart - Oct. 28, 2016
The price kept going down marking yet another new all time low at 0.00018591 BTC, after which it got pulled a bit back up and is now trading at around 0.0002.
BITTREX
4 hour Bittrex chart - Oct. 27, 2016
4 hour Bittrex chart - Oct. 28, 2016
The Bittrex price marked it's new all time low on 0.00018518 BTC and is now being traded at around the same level as Poloniex, ~0.0002.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 27, 2016
STEEM/BTC volume Bittrex Oct. 28, 2016
STEEM/BTC volume Poloniex Oct. 27, 2016
STEEM/BTC volume Poloniex Oct. 28, 2016
STEEM indexed global volume Oct. 27, 2016
STEEM indexed global volume Oct. 28, 2016
Coinmarketcap top volume cryptos Oct. 27, 2016
Coinmarketcap top volume cryptos Oct. 28, 2016
Overall volume about 27% lower then yesterday, $STEEM on 24th place on the volume rankings.
Poloniex volume about 33% lower then yesterday, ~84 BTC.
Bittrex volume about 13% lower then yesterday, ~23 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?
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.
Everyone who uses TA develops his own unique charting style, please keep that in mind.
Kind regards, OZ :)
COMMENT
Price still breaking into new all time lows. Perhaps the turn to full on STEEM rewards will help change the trend.
some possible little bounce is looking like forming, might be an trade opportunity there.
So now we're talking about ERECTIONS!
"The price kept going down marking yet another new all time low at 0.00018591 BTC, after which it got pulled a bit back up and is now trading at around 0.0002."
Which translates to 'price went down' ... Fantastic 'analysis' once again @ozchartart
The turn to full on Steem rewards reverse the trend... Nooooo, this will increase the selling pressure on Steem... fairly obviously.
Some 'possible bounce' ... so you basically provided 0 analysis and then just pulled this nugget of wisdom out of.... Your .....
With the NEW announcements within the hour, about user interface improvements as well as infrastructure, this could be a change to make a little money on steem. Also, could bring new people here, with the new editor. I'm hoping for big things!
13.4 cents might be the bottom, or at least a local bottom. https://bittrex.com/Market/Index?MarketName=BTC-STEEM
If Bitcoin goes to 800 the bottom of STEEM price will be closer to 1 cent.
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great post