Hello Steemers!
Looks like the price had it rather to return to the tested bottom then confirming the higher low from yesterday.
Seems to be one of the quieter days.
POLONIEX
4 hour Poloniex chart - Aug 20, 2016
4 hour Poloniex chart - Aug 21, 2016
Instead of confirming the higher low that the price was in yesterday, it went, slowly but surely, down to the tested support level where it seems to be making a mild mild turn.
BITTREX
4 hour Bittrex chart - Aug 20, 2016
4 hour Bittrex chart - Aug 21, 2016
The Bittrex price also backed down to its support line, although, it seems on Bittrex the price wants to go down even more. something to keep an eye on.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 20, 2016
STEEM/BTC volume Bittrex Aug 21, 2016
STEEM/BTC volume Poloniex Aug 20, 2016
STEEM/BTC volume Poloniex Aug 21, 2016
STEEM indexed global volume Aug 20, 2016
STEEM indexed global volume Aug 21, 2016
Coinmarketcap top volume cryptos Aug 20, 2016
Coinmarketcap top volume cryptos Aug 21, 2016
In comparison to yesterday the volume has dropped significantly, one of the lowest volume on STEEM if I'm right.
That is also to notice on the coinmarketcap list, STEEM dropped quite a few places, but still in the top 20, which is quite decent for a what is considered low volume day.
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.
Kind Regards, OZ :)
COMMENT
The price seems to be totally respecting the resistance and support.
With the price being on the support level and the volume being low there should be a bounce incoming, at least another round of accumulation in this zone.
There is also a fair chance of another drop into another accumulation area, although more and more unlikely as the sell volume is slowly but surely fading away.
Seems like a great time to buy if you have any faith in the idea.
I agree. Steem will most likely go up and down repeatedly then go sideways for a bit and then go waaaay up and then crash only to repeat the same song and dance again and again. God bless altcoin, I love you so much for being volatile it's how I make a living.
Fast as flash I'm jump in on your post :) nice job
hehehe :D thanks allot man!
nice
When it bottoms, there is no way but up
"buy buy buy"
Great post
Looks like another down leg coming
Good time to buy imo!
I did a few orders in this levels, could prove to be quite cheap price in the future
agreed, interesting movement today. Looking forward to your update for todays market movement. - best regards, - Johal
I believe that buy and holders can buy some now and some if it drops 20% or more. People that already got in too high should not be selling here at all just wait for a double and sell half.
I believe price MAY be going lower to around 0.0019 ish level and here is my analysis:
https://www.coinigy.com/s/i/57ba6776/
If you do buy just set a sell order to sell half on a double and if you want you can let the rest ride.
If you are looking to trade this thing then you should take the time to learn how to trade as it's a skill that takes time and education. You can't just watch what someone else is doing even though it may seem that way.