$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #132, Dec. 15, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Dec. 14, 2016
4 hour Poloniex chart - Dec. 15, 2016
1 day Poloniex chart - Dec. 14, 2016
1 day Poloniex chart - Dec. 15, 2016
After making a new local high at 0.00024 yesterday, the price got pulled back down to 0.000208 for a short period of time, then gradually continued the upwards momentum to the 0.00025 line, after making that new local high the price got pulled back down to about 0.000225 and is now traded slightly above that point.
BITTREX
4 hour Bittrex chart - Dec. 14, 2016
4 hour Bittrex chart - Dec. 15, 2016
Bittrex followed the Poloniex pattern fully and marked its new local high just slightly bellow Poloniex, at 0.000248 BTC. At the moment it is traded at around 0.000234 after being pulled down to 0.000222 BTC.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Dec. 14, 2016
STEEM/BTC volume Bittrex Dec. 15, 2016
STEEM/BTC volume Poloniex Dec. 14, 2016
STEEM/BTC volume Poloniex Dec. 15, 2016
STEEM indexed global volume Dec. 14, 2016
STEEM indexed global volume Dec. 15, 2016
Coinmarketcap top volume cryptos Dec. 14, 2016
Coinmarketcap top volume cryptos Dec. 15, 2016
Overall volume about 12% lower then yesterday, $STEEM on 14th place on the volume rankings.
Poloniex volume about 2% lower then yesterday, ~307 BTC.
Bittrex volume about 3% higher then yesterday, ~28 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
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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:)
COMMENT
Expecting the price to stagnate a bit between 22k and 25k satoshi, then to keep it's uptrend slowly making it's way towards the ~27.5k satoshi resistance.
Resteemed
nice
TY for the continued work!!
I'm interested to see where the price goes on the 17th, which is when a few power downs occur. Honestly, I'm surprised it is a high as it is. I was sitting in the Trollbox at Poloniex the other day when we had some trolls encouraging buying into a peak. I expect that will be a common occurrence in the Trollbox over the next month. :-)