Hello Steemers!
Looks like a quiet day on the market. Volatility seems to keep dropping which could tell us some great deal about whats going on. Could easy mean that the bears are out of fuel and that we could see a turn soonish
POLONIEX
4 hour Poloniex chart - Aug 27, 2016
4 hour Poloniex chart - Aug 28, 2016
The price dipped even deeper, although the not really making any significant move.
It seems as the days go by the volatility and moves on the downtrend are getting lower.
BITTREX
4 hour Bittrex chart - Aug 27, 2016
4 hour Bittrex chart - Aug 28, 2016
The Bittrex price advanced to the downside of the support line making it now a resistance one. Same as on Poloniex it is easy to see how the volatility and moves on the downtrend keep loosing "steem".
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 27, 2016
STEEM/BTC volume Bittrex Aug 28, 2016
STEEM/BTC volume Poloniex Aug 27, 2016
STEEM/BTC volume Poloniex Aug 28, 2016
STEEM indexed global volume Aug 27, 2016
STEEM indexed global volume Aug 28, 2016
Coinmarketcap top volume cryptos Aug 27, 2016
Coinmarketcap top volume cryptos Aug 28, 2016
Notable lower volume then yesterday on both exchanges.
This should be one of the lowest volume we could see in $STEEM, still steady in the top of cryptos.
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.
Kind Regards, OZ :)
COMMENT
We can see the volatility clearly getting lower, I kept repeating this cos it is very important. The price is in downtrend for some time now, with a steady volume, and the lower volatility should be pointing out that the sellers are getting exhausted. The lack of bounces IMHO means that the buyers are very patient and careful in order of accumulating. That could be due to the fact that there is probably a nice daily amount of STEEM being dumped on the markets,so buyers probably feel like it is enough to just put up a buy order and wait for the dumpers. Expecting some hard accumulation in the coming days, still see downwards potential (in my eyes till ~0.001 BTC is possible).
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0.0012 btc
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0.0008
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Great update as usual @ozchartart .. This downtrend hurts to watch now but I'm in for the long haul either way so I'm trying to not let it bother me..
It'll be interesting to watch how the market behaves at these levels, with SBD and Steem around the same price in USD
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TBH I think that will be used to accumulate quite allot of STEEM "off the charts" (off polo ant trex that is :P)
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nice
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I seriously keep hitting refresh just to see your comment, get on it! hahaha. Thanks for the post as always, you're doing great work here.
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Thanks allot! appriciate the support ! :)
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I can see the price going much lower as I really see no support yet. I look at as a great opportunity if you are buying. This is an incredible platform with huge potential. BTC had many up and downs. But if you are day trading with this I wish you luck just do not use margin.
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good call
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It's crazy interesting and I like your takes. I am curious to see where it goes from here.
You are obviously seasoned in this, as such would love a "pure speculation" piece on your thoughts....
Myself, it had a crazy high bump not so long ago and this is a correction, there's a lot of SBD/steem being moved daily so I would see it as a buyers market.
Hell, the message we send isn't "Blog. Grow Your Voice." it's get paid..... of course the majority of the SBD is being cashed out. Still, excited for what can be, just growing pains.
Thanks for the info :)
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Great post and information!
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You know what they say "When there's blood in the streets"...
This is a lucky time to be able to buy steem
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Nah...Catching a falling knife will make you bleed. It's going way lower.
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lol look at the monero in the photo going up up and up
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Yes indeed, people need a little more Faith, Trust, Loyalty and Belief in Steemit
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I wish I could understand these things. I know there's a good business with trading but I can't understand how things are gonna be.
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Thanks! Watching this very closely at the moment. Greatly appreciated!
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Guess its time for a turn....
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I actually prefer the graph image on Steemit page. But not the direction of the chart this week. Thanks, your friend Pluto.
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