Hello Steemers!
POLONIEX
4 hour Poloniex chart - Nov. 17, 2016
4 hour Poloniex chart - Nov. 18, 2016
1 day Poloniex chart - Nov. 17, 2016
1 day Poloniex chart - Nov. 18, 2016
After trading slightly above the yesterdays made local low of 0.00013 the price started a bounce hitting the 0.00017 line as it's top for the time being, at the moment its traded around 0.000155.
BITTREX
4 hour Bittrex chart - Nov. 17, 2016
4 hour Bittrex chart - Nov. 18, 2016
Alike Poloniex the Bittrex price also started its bounce and made its new local high a few satoshi lower then Poloniex on 0.000167. At the moment it's traded around the same level as Poloniex, ~0.00015.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Nov. 17, 2016
STEEM/BTC volume Bittrex Nov. 18, 2016
STEEM/BTC volume Poloniex Nov. 17, 2016
STEEM/BTC volume Poloniex Nov. 18, 2016
STEEM indexed global volume Nov. 17, 2016
STEEM indexed global volume Nov. 18, 2016
Coinmarketcap top volume cryptos Nov. 17, 2016
Coinmarketcap top volume cryptos Nov. 18, 2016
Overall volume about 175% higher then yesterday, $STEEM on 19th place on the volume rankings.
Poloniex volume about 173% higher then yesterday, ~127 BTC.
Bittrex volume about 152% higher then yesterday, ~15 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 :)
COMMENT
The buy support is getting stronger as well as the volume, the price didn't break the all time low, rather bounced from just a few satoshi
above it.
If the bounce shows to have some larger movement this could have been a reversal confirmation.
To all those voting on this for guaranteed curation rewards. Take a second to consider the quality and the user engagement. This is a long term negative bet on Steemit.
You are so right.
This "analysis" is nonsense.
qft. Whales supporting posts like this aren't the only reason that the price of steem is where its at right now, but they're a big part of it.
With today's green candle, this is the first time the daily chart has made a higher low since trading on poloniex. Now we need to see it hold a few days to mean anything.
Resteemed
Great song!!