$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #103, "the shakeout?" Nov. 16, 2016.

in steem •  8 years ago 

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Nov. 15, 2016


4 hour Poloniex chart - Nov. 16, 2016


1 day Poloniex chart - Nov. 15, 2016


1 day Poloniex chart - Nov. 16, 2016
The price wend down to the 0.00015 support line and broke it, reaching to a new local low at ~0.00014.
At the moment it's traded slightly above the local low ~0.000144.

BITTREX


4 hour Bittrex chart - Nov. 15, 2016


4 hour Bittrex chart - Nov. 16, 2016
Bittrex dumped lower the Poloniex, making a new local low at 0.000135 and is traded a bit bellow Poloniex, ~0.000141.

VOLUME COMPARISON


STEEM/BTC volume Bittrex Nov. 15, 2016


STEEM/BTC volume Bittrex Nov. 16, 2016


STEEM/BTC volume Poloniex Nov. 15, 2016


STEEM/BTC volume Poloniex Nov. 16, 2016


STEEM indexed global volume Nov. 15, 2016


STEEM indexed global volume Nov. 16, 2016



Coinmarketcap top volume cryptos Nov. 15, 2016



Coinmarketcap top volume cryptos Nov. 16, 2016
Overall volume about 33% higher then yesterday, $STEEM on 25th place on the volume rankings.
Poloniex volume about 30% higher then yesterday, ~71 BTC.
Bittrex volume about 30% higher then yesterday, ~17 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!
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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 :)

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COMMENT

The price went bellow the 0.00015 line reaching the bottom of the wave from the all time low move.
This could be a shakeout before a bounce.
If the price keeps pushing and reaches lower then 0.00014 I would expect
a attack on the all time low and possibly even making of a new all time low.

Up vote for good reporting and for early Iron Maiden!

I feel that we're near the low point of the chart, and I look forward to positive moves from continued upgrades to the platform.

STEEM will not have any spike! I will comment with [this!] (https://steemit.com/steem/@cryptojoy.com/hey-are-you-holding-steem)

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