Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 17, 2016
4 hour Poloniex chart - Sept 18, 2016
1 day Poloniex chart - Sept 17, 2016
1 day Poloniex chart - Sept 18, 2016
After yesterdays pump, the price came back down into the levels of the lower border of the swing high, making a higher low, thou with considerably less volume then yesterday.
now it looks like its flattening out, preparing for another move, be it up or down.
BITTREX
4 hour Bittrex chart - Sept 17, 2016
4 hour Bittrex chart - Sept 18, 2016
The Bittrex price came down near the 1st support line (~0.00085) and made another little move upwards spiking through the ~0.0009 resistance. It still looks like its going upwards. Also less volume today, but not as much of a drop as on Poloniex.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 17, 2016
STEEM/BTC volume Bittrex Sept 18, 2016
STEEM/BTC volume Poloniex Sept 17, 2016
STEEM/BTC volume Poloniex Sept 18, 2016
STEEM indexed global volume Sept 17, 2016
STEEM indexed global volume Sept 18, 2016
Coinmarketcap top volume cryptos Sept 17, 2016
Coinmarketcap top volume cryptos Sept 18, 2016
Overall volume about 65% lower then yesterday with the major drop on volume happening on Poloniex.
$STEEM down to the 27th place on volume rankings.
Poloniex had about 65% lower volume then yesterday. From 311 BTC to 100 BTC.
Bittrex had about 30% lower volume then yesterday. From 26 BTC to 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 :)
COMMENT
Making of a higher low with a low volume downtrend after, leads me believe that this might be the turning point, but I would also prepare for further downtrend incase the price decides to try and go test new lower levels, (possibly 0.0007).
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The price of steem has been going down for a long time, it done a double bottom. I really believe that the price of this will hit 30cents before it goes up again. There is not enough buy support and EVERYBODY even the whales are dumping all their coins.
Steemit needs to change a few things before we can see a move up again.
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Да и без этих умных графиков понятно, что $ Steem катится на дно.
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