$STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #43, "Still alive" Sept 13, 2016

in steem •  8 years ago 

Hello Steemers!

POLONIEX


4 hour Poloniex chart - Sept 12, 2016


4 hour Poloniex chart - Sept 13, 2016
With a bit of resistance and 2 tries of a bounce the price went further down but didn't menage to threaten the all time low yet.

BITTREX


4 hour Bittrex chart - Sept 12, 2016


4 hour Bittrex chart - Sept 13, 2016
The Bittrex price went down to the same support line as yesterday and is "dancing" on it the most part of the day today. Seems it's trying to break downwards, but so far the support has held.

VOLUME COMPARISON


STEEM/BTC volume Bittrex Sept 12, 2016


STEEM/BTC volume Bittrex Sept 13, 2016


STEEM/BTC volume Poloniex Sept 12, 2016


STEEM/BTC volume Poloniex Sept 13, 2016


STEEM indexed global volume Sept 12, 2016


STEEM indexed global volume Sept 13, 2016


Coinmarketcap top volume cryptos Sept 12, 2016


Coinmarketcap top volume cryptos Sept 13, 2016
Both Exchanges gained a bit of volume, the overall volume has risen for about 60% taking $STEEM into the top 25 on the volume ranking again.

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 :)

steem poloniex bittrex technical-analysis trading
8 years ago by

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    • [-]
      ·  8 years ago 

    COMMENT

    I would lean towards making a higher low here and continuing with mild uptrend with allot of accumulation under way. If the price goes down I don't see it breaking the all time low from Poloniex as it would take an insane volume, not excluding that option as well if the dump gets some "help"

    [-]
      ·  8 years ago 

    Here's my TA take on Steem/BTC.

    Summary: bullish bat completion, completion of AB = CD measured move, test of horizontal support, and breakout from down-trend price channel - all potential causes of bearish reversal; all happening within a tight range of prices (confluence zone).

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    [-]
      ·  8 years ago 

    nice, got an upvote from me there!

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      [-]
        ·  8 years ago 

      This is a great article. Easy upvote. Thanks for sharing. Happy to upvote and share this on Twitter✔ for my followers to read. Now following and looking forward to reading more of your posts. Cheers. Stephen

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      [-]
        ·  8 years ago 

      13.09.2016

      Steem / BTC

      https://www.tradingview.com/x/fdXBTP2k/

      Steem now is in a flat movement. The basic for support will be 0.00087663. If in the next few days we will break through, it will lead to a downtrend movement. Because there is no activity in volumes or volatility, so we forecast the same movement as we did last time – flat.

      Resume: hold – flat movement

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      [-]
        ·  8 years ago 

      Great post as always Oz :)
      Since the last one, in USD terms steem just fell through support over the last few hours and I'm hoping we just consolidate/sideways and keep this higher low..
      Can't take much more dumpage before we start triggering stop losses in this range ..


      Here's the latest view of Steem in USD - Full size linky

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      [-]
        ·  8 years ago 

      hmm, this could get rather interesting, but i dont like the fact that the steemit acc is powering down and proly helping them dumps

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        [-]
          ·  8 years ago 

        Any chance you would do requests for tech analysis for other coins?

        I have a few in mind that I think are headed in a good direction

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        [-]
          ·  8 years ago 

        sure, which ones would you like to see? comment on todays update with one coin and i'll give my best to chart it tomorrow / day after! https://steemit.com/steem/@ozchartart/usdsteem-btc-daily-poloniex-bittrex-technical-analysis-market-report-update-44-stop-you-re-stalling-sept-14-2016

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          1 vote
          [-]
            ·  8 years ago 

          Yes, we are in wait and see mode right now. Couldn't push back through the 0.0012 area support that is now resistance, yet we haven't breached the prior low.

          Oh and @ozchartart, I literally bump that Gramatik jam everyday. Fitting for the current chart environment, good stuff!

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            ·  8 years ago 

          hehe, I luuuv gramatik, and his satoshi song is freakin awesome!

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