$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #2, Nov. 23, 2016.

in bitshares •  8 years ago 

Hello Steemers!

POLONIEX


1 week Poloniex chart - Nov. 23, 2016
Added a fib to the weekly, make BTS look like it's in a bottom accumulation zone with a all time low in January 2016.


1 day Poloniex chart - Nov. 22, 2016
¸

1 day Poloniex chart - Nov. 23, 2016
Slow uptrend today on the daily.


4 hour Poloniex chart - Nov. 22, 2016


4 hour Poloniex chart - Nov. 23, 2016
The price started a bounce yesterday which is still ongoing, the price entered the 540 satoshi level and is now traded at 544 satoshi.

VOLUME COMPARISON


BTS/BTC volume Poloniex Nov. 22, 2016


BTS/BTC volume Poloniex Nov. 23, 2016


BTS indexed global volume Nov. 22, 2016


BTS indexed global volume Nov. 23, 2016


Coinmarketcap top volume cryptos Nov. 22, 2016



Coinmarketcap top volume cryptos Nov. 23, 2016
Overall volume about 63% lower then yesterday, $BTS on 25th place on the volume rankings.
Poloniex volume about 65% lower then yesterday, volume ~20 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 :)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  8 years ago (edited)

COMMENT

With the fib on weekly the price looks like it's undergoing major accumulation which could possibly reach all the way up to about 3000 satoshi.

The price entered the 540 satoshi levels and already spiked to 545 satoshi, it looks rather bullish so I could see it possibly go for the 553 line.

Resteemed