$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #27, Dec. 18, 2016

in #bitshares8 years ago

Hello Steemers!

POLONIEX


1 day Poloniex chart - Dec. 17, 2016


1 day Poloniex chart - Dec. 18, 2016


4 hour Poloniex chart - Dec. 17, 2016


4 hour Poloniex chart - Dec. 18, 2016
After trading flat for some hours, the price did a sharp spike which went up to 490 satoshi, after it it got pulled back down to 475 satoshi where it traded for 8 hours before starting a harder spike which has spiked up to 493 satoshi. At the moment it got pulled back slightly and is traded around 485 satoshi.

VOLUME


BTS/BTC volume Poloniex Dec. 17, 2016


BTS/BTC volume Poloniex Dec. 18, 2016


BTS indexed global volume Dec. 17, 2016


BTS indexed global volume Dec. 18, 2016



Coinmarketcap top volume cryptos Dec. 17, 2016


Coinmarketcap top volume cryptos Dec. 18, 2016
Overall volume about 334% higher then yesterday, $BTS on 23th place on the volume rankings.
Poloniex volume about 499% higher then yesterday, volume ~57 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 :)

Sort:  

Hey oz,

I was wondering if you would like to be interviewed on Coin interview. We have never had anyone on the show to talk about technical analysis of markets. I think it could make for a interesting interview. If you want to organize something let me know. our channel is here: www.youtube.com/c/coininterview and my email is: scheduling@coininterview.com

I like your art work too keep up the good work.

I'll hit you up, might be interested to do something like this :)

COMMENT

The price looks like it's wanting to break up from the 480 support line, thinking it will go for the 500 satoshi resistance.

Let's see how this four-hour candle closes.