$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #126, Dec. 9, 2016.

in #steem8 years ago

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Dec. 7, 2016


4 hour Poloniex chart - Dec. 8, 2016


1 day Poloniex chart - Dec. 7, 2016


1 day Poloniex chart - Dec. 8, 2016
After the making of a lower local high yesterday, the price has turned down and seems to be in a slight downtrend now, progressing slowly, at the moment traded at around 0.000305, with the lowest so far made being 0.0003.

BITTREX


4 hour Bittrex chart - Dec. 8, 2016


4 hour Bittrex chart - Dec. 9, 2016
Since yesterday Bittrex has pushed slightly more upwards reaching a lower local low of 0.00024, then like Poloniex started turning down and is now in a downtrend trading at 0.0003 which is also the lowest point made so far today.

VOLUME COMPARISON


STEEM/BTC volume Bittrex Dec. 8, 2016


STEEM/BTC volume Bittrex Dec. 9, 2016


STEEM/BTC volume Poloniex Dec. 8, 2016


STEEM/BTC volume Poloniex Dec. 9, 2016


STEEM indexed global volume Dec. 8, 2016


STEEM indexed global volume Dec. 9, 2016


Coinmarketcap top volume cryptos Dec. 8, 2016


Coinmarketcap top volume cryptos Dec. 9, 2016
Overall volume about 25% lower then yesterday, $STEEM on 15th place on the volume rankings.
Poloniex volume about 12% lower then yesterday, ~200 BTC.
Bittrex volume about 58% lower then yesterday, ~18 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:)

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COMMENT
Looks like the price is in a pullback, we are at some support levels now but this could easily break, I'm looking into a more sharp downwards move towards the 27.5k line or even possibly 25k

I dont see it will wall, it have great buy suport, but on thuesday when is payout, then it can maby fall, but untill then people will move that price UP. take a look at my graff what i seee here.
https://www.tradingview.com/x/PtitM2Ec/

I think we are in wave C now. Could break 25k.

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