$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #206, Feb. 27, 2017.

in #steem8 years ago

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Feb 26, 2017


4 hour Poloniex chart - Feb 27, 2017


1 day Poloniex chart - Feb 26, 2017


1 day Poloniex chart - Feb 27, 2017

The price went down to the 9.2k satoshi support line and then spiked bellow it making a double bottom at 9k satoshi.
After making the double bottom it got pulled back up above the 9.2k satoshi line and started an mild uptrend resulting in a new, lower, local high at 9.8k satoshi and is now traded slightly bellow it, at 9.5k satoshi.

BITTREX


4 hour Bittrex chart - Feb 26, 2017


4 hour Bittrex chart - Feb 27, 2017

The price on Bittrex made a new local low 100 satoshi above Poloniex, at 9.1k satoshi and then started turning upwards with a mild uptrend making a new local high, for now at 9.6k satoshi.

VOLUME COMPARISON


STEEM/BTC volume Bittrex Feb 26, 2017


STEEM/BTC volume Bittrex Feb 27, 2017


STEEM/BTC volume Poloniex Feb 26, 2017


STEEM/BTC volume Poloniex Feb 27, 2017


STEEM indexed global volume Feb 26, 2017


STEEM indexed global volume Feb 27, 2017



Coinmarketcap top volume cryptos Feb 26, 2017



Coinmarketcap top volume cryptos Feb 27, 2017
Overall volume about 7% higher then yesterday, $STEEM on 33rd place on the volume rankings.
Poloniex volume about 5% higher then yesterday, ~31 BTC.
Bittrex volume about 23%% higher then yesterday, ~6 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

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COMMENT

Expecting either a uptrend to the 10.9k resistance (due to the double bottom),
or breaking of the 9.2k satoshi support and the price going into new all time lows.

Thank you, update infomation is very good.
I like and good luck