$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #150, Jan. 02, 2017.

in #steem8 years ago

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Jan. 01, 2016


4 hour Poloniex chart - Jan. 02, 2017


1 day Poloniex chart - Jan. 01, 2016


1 day Poloniex chart - Jan. 02, 2017
The price spiked up towards the 0.00017 BTC resistance where it got pushed back down then started falling heavy breaking the 0.000151 BTC line and making anew local low just bellow the 0.000141 BTC line at 0.00014 BTC. After the hard spike down, the price got quickly pulled back up and is now trading at around 0.000153 BTC.

BITTREX


4 hour Bittrex chart - Jan. 01, 2016


4 hour Bittrex chart - Jan. 02, 2017
The dump on Bittrex made a new local low at0.000143 BTC, at the moment its traded at around same levels as Poloniex, at around 0.000153 BTC.

VOLUME COMPARISON


STEEM/BTC volume Bittrex Jan. 01, 2016


STEEM/BTC volume Bittrex Jan. 02, 2017


STEEM/BTC volume Poloniex Jan. 01, 2016


STEEM/BTC volume Poloniex Jan. 02, 2017


STEEM indexed global volume Jan. 01, 2016


STEEM indexed global volume Jan. 02, 2017


Coinmarketcap top volume cryptos Jan. 01 2016


Coinmarketcap top volume cryptos Jan. 02, 2017
Overall volume about 101% higher then yesterday, $STEEM on 20th place on the volume rankings.
Poloniex volume about 60% higher then yesterday, ~138 BTC.
Bittrex volume about 17% lower then yesterday, ~12 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:)

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I still value your charts and work. I am glad to have them so I can learn things.

Thanks!, if you got any questions feel free to ask :)

I think you are just great. I see people giving you grief but I see you posting super useful daily stuff and actually engaging people, like you did here.

Us Minnows with tiny post payouts some of us appreciate you but we could use some help here LOL.

You keep up the good work. That's why I have encouraged you for months on and off, to let you know you are appreciated!!

Thank you for the support! Appreciated allot!

I'm glad that you find my charts useful, don't worry, I won't stop posting:)
I don't care if I get flagged, I'm here to share my charts :)
Useful for me also, i get to use one of the purposes of the steemit blockchain, cos i get to see how i charted in the past, what i called wrong, what right, and so on :)

Amen.

TY also for your support. It is appreciated.

COMMENT

The price is still hovering above the 0.000151 BTC line, if that level holds I see it going up towards the 17k resistance, if it breaks I see it go down to about 14k support, but I don't see it making a new lower local low.

I appreciate the posts @ozchartart. Do you have know of a post here on steemit or a website that has info on following charts for crypto as well as a beginners guide to understanding and trading the crypto?

Hey @jacobts, I haven't came across any "crypto trading school" yet, I use mostly tradingview.com and coinigy.com for the charts, you can keep up with the basic charts and all of the coins on coinmarketcap.com, most are listed there

Thanks for the tip! Will spend a lil time checking them out.

no problem, tradingview has only poloniex(from the alt coin exchanges) i believe, but coinigy has most of the crypto exchanges, so depending on the coin and exchange i chose one of those 2, even for some same coins on same exchanges the charts sometimes appear different so sometimes that also plays a role in picking the website i plan on working on

Thank you for the info and the charts. Been figuring out Bittrex today simply because Steemit has a link to it on the site. We shall see. Interesting Adventures on the horizon. Just based on TradingView, I'd expect some healthy pullback on the BTC and then some upswing on ol SBD sometime this month. But heck, I just been trying to ride that forex dragon til now, so who knows.

Bittrex( u might see pšeople call it "Trex") is the exchange, like Poloniex (we call it"Polo"), Poloniex has the bigger volume, both have charts on them, but tradingview and coinigy offer some better look on the market as they are specialized websites for charting:)

i think the price can go up to 18k and back down again to 15 and we can see a big resistance at this level