$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #124, Dec. 7, 2016.
Hello Steemers!
POLONIEX
4 hour Poloniex chart - Dec. 6, 2016
4 hour Poloniex chart - Dec. 7, 2016
1 day Poloniex chart - Dec. 6, 2016
1 day Poloniex chart - Dec. 7, 2016
The price made a bounce to 0.000335, then started going down and made a new local low on 0.000262 BTC. At the moment it traded a big above the today's made low, at around 0.00028.
BITTREX
4 hour Bittrex chart - Dec. 6, 2016
4 hour Bittrex chart - Dec. 7, 2016
The bounce on Bittrex was a bit weaker then the Poloniex one, reaching to 0.000321, after which it made a new local low on 0.00026. At the moment its traded at around the same levels as Poloniex, ~0.00028.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Dec. 6, 2016
STEEM/BTC volume Bittrex Dec. 7, 2016
STEEM/BTC volume Poloniex Dec. 6, 2016
STEEM/BTC volume Poloniex Dec. 7, 2016
STEEM indexed global volume Dec. 6, 2016
STEEM indexed global volume Dec. 7, 2016
Coinmarketcap top volume cryptos Dec. 6, 2016
Coinmarketcap top volume cryptos Dec. 7, 2016
Overall volume about 70% lower then yesterday, $STEEM on 15th place on the volume rankings.
Poloniex volume about 76% lower then yesterday, ~284 BTC.
Bittrex volume about 63% lower then yesterday, ~37 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.
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Kind regards, OZ:)
COMMENT
Expecting either first a mild bounce to 30k, then a dump to about 23k levels, or a straight moves down to the 23k levels.
The A wave from the December 6 peak could be almost done now.
You are foreseeing levels to lower to 23k... Hum, it would make sense considering the trends of the past few months. Thanks again for the ongoing analysis. Namaste :)
Nice to see y0u using Heikin-Ashi Candlesticks ;)
How were y0u to use such candles on Poloinex? I didn't think they had them available unless these charts are from 'TradingView'?
good eye :)you are correct with the guess, I use the tradingview chart for polo and coinigy for bittrex:)
Greatb Work!!!!