Hello Steemers!
POLONIEX
4 hour Poloniex chart - Oct. 14, 2016
4 hour Poloniex chart - Oct. 15, 2016
1 day Poloniex chart - Oct. 14, 2016
1 day Poloniex chart - Oct. 15, 2016
After making the higher local low yesterday and looking like its getting ready to bounce, the price went down again
making another slightly higher local low. More or less it flattened out and has been trading around 0.00041 BTC.
BITTREX
4 hour Bittrex chart - Oct. 14, 2016
4 hour Bittrex chart - Oct. 15, 2016
Unlike Poloniex, the Bittrex price broke yesterdays local low, just for a few sastoshi below but stayed there and flattened out totally around 0.000413 BTC
VOLUME COMPARISON
STEEM/BTC volume Bittrex Oct. 14, 2016
STEEM/BTC volume Bittrex Oct. 15, 2016
STEEM/BTC volume Poloniex Oct. 14, 2016
STEEM/BTC volume Poloniex Oct. 15, 2016
STEEM indexed global volume Oct. 14, 2016
STEEM indexed global volume Oct. 15, 2016
Coinmarketcap top volume cryptos Oct. 14, 2016
Coinmarketcap top volume cryptos Oct. 15, 2016
Overall volume about 31% lower then yesterday, $STEEM on 25th place on the volume rankings.
Poloniex volume about 50% lower then yesterday, ~41 BTC.
Bittrex volume about 23% higher then yesterday, ~32 BTC.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
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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
Seems like the price is battling over the ~0.0004 support area. The making of the higher low's does point out on a possible bullish trend reversal. It seems like these levels are critical and are being tested right now. In case of a bounce it s very likely possible that we exited the beartrend for good.
The price was already tested a few times and seems to have held, yet is was with rather low volume so that could be indication for a heavier dump incoming.
We are testing the October 11 lows currently.
What are you talking about? The price of STEEM has been plummeting for months. A bear market is expected, all the people that matter made their money already. Any serious bagholders at this point are the "greater fools" and are looking to dump this worthless token on new money as soon as they can. Right now, I wouldn't touch STEEM with a 10 foot pole. It has decent fundamentals but the bear trend is way too strong.
Bravo! very good job congratulations, thanks for the info
Great TA brother, cheers. Ty
great job as always.
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Great one!