Hello Steemers!
POLONIEX
4 hour Poloniex chart - Sept 04, 2016
4 hour Poloniex chart - Sept 05, 2016
The price went a tick further down, breaking the white support line and going to the bottom of the swing low where it made a slightly lower local low and where it is trending at, at the moment. The volume is extremely low on today's trades.
BITTREX
4 hour Bittrex chart - Sept 04, 2016
4 hour Bittrex chart - Sept 05, 2016
The Bittrex price also went down and has barely any volume, but unlike Poloniex didn't make a new local low.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 04, 2016
STEEM/BTC volume Bittrex Sept 05, 2016
STEEM/BTC volume Poloniex Sept 04, 2016
STEEM/BTC volume Poloniex Sept 05, 2016
STEEM indexed global volume Sept 04, 2016
STEEM indexed global volume Sept 05, 2016
Coinmarketcap top volume cryptos Sept 04, 2016
Coinmarketcap top volume cryptos Sept 05, 2016
Today the volume was extremely low. Even Poloniex dropped bellow 100 BTC volume.
Steem got kicked to 30th place in volume ranking.
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
Think we are going to see another little pump soon , the volume on today's dumps was extremely low, leaving the impression to me that the dumpers can't push the price further down.
There is still a chance we might see an attack on the recent all time low lone from Polonioex, but it was tested 2 times already and has held so far, imho it will be hard to break it. In case the price does go down, I'd expect first support around ~0.001 - 0.00095 BTC.
Uptrend is a lot more likely here in my eyes. There already was a nice pump, and not many tries after that one.
For me still a good price to pick a few coins up, since I rarely wait for the ultimate bottom, I prefer to buy coins along the way down in case of sudden trend changes.
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Not true at all.
The 'dumpers' have an ever increasing amount of steem from power downs. The reason they aren't selling more right now is because they've figured out that they're trashing the market so have stepped back. A spike up might be on the cards... but to call an uptrend is ridiculous. It's very clear that the sellers have taken a breather and are waiting for a spike to unload.
The price will most likely drop until more fundamental influences take hold... such as the liquid steem increasing to 10% ish.
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Makes sense. Totally agree that we can have a spike, but the trend is down.
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I'm sorry but this TA has really degraded. You haven't properly talked about the context of the market once in all of your posts. I have never seen the word 'probability' come up. Anyone profitably trading the markets would realise these are the two most important variables in trading.
... I guess the blind lead the blind...
You've provided 3 lines of information - more a commentary, with absolutely no analysis. The whales voting for this need to realise that this really isn't what TA is about.
Whats going on @ozchartart ?
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Im looking for a little pump too. I just got back from Hawaii and took a much needed break from steemit and trading for a few days. Nice to see you are still charting Oz!!
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I'm happy to see the continued consolidation. You need consolidation to take the "steem" out of a trend. We seem to be getting that.
However, after consolidating we must push through the high on 8-29 otherwise we are still in these stair step down pattern on the daily chart. As limited as the history is.
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Price of steem and steem dollar appears to be stable now. Hope for a uptrend from now.
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Upvoted and follow. This low volume makes me a bit nervous. What do you think its going to happen?
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If you check the sell orders on Bittrex, it's about a 60/40 split between large and small. So besides all the dumps from bigger players, they have achieved panic sells from a lot of smaller holders. I expect a big pump to come soon
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We need to break out of this overall trend!
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Rage kicks ass too!!
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low trading volume can be dumping come to a stop and we can rebuild going forward.
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the info is highly appreciated. thanks again
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