STEEM/BTC - We are recovering! technical analysis 11th September 2016

in steemit •  8 years ago  (edited)

STEEM/BTC 4hr Analysis (POLONIEX) 

As predicted yesterday we have started a recovery currently as a corrective structure and is expected to go further up now, only a break below this corrective structure would resume the downside and the likelihood of further recovery is greater than immediate downside resumption.


 STEEM/BTC 1hr Analysis (POLONIEX) 

We have found a short term support area for a recovery and should be able to continue this recovery for sometime before any risks to the downside becomes favored.


STEEM/BTC MARKET DEPTH (POLONIEX)


STEEM MARKETS DATA


STEEM MARKET CAPITALIZATION


DISCLAIMER The charts represent my view of the market and should not be taken as trade advice.

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Salam Hamza thank you for the technical analysis I'm a beginner at trading,can you please make daily technical analysis of all the crypto currencies with good volume that's gonna be very helpful maybe you can make videos to share with us your trading screen with charts explanations thanks a lot .

thank you, I will keep your request in mind.

Is there not over 1,000 different cryptocurrencies now, but only a few that actually mean anything or have any true value?

If I release a cryptocurrency called CROKcoin would that actually be useful in any meaningful way ?

Can you tell me where I can come to understand the whole cryptocurrency scene as it comes to Steem market share and how to buy and sell it?

Could you point out some great idiot proof easy to understand existing posts : )

/ hugz ; )

I am sorry but I didn't understand you fully, do you mean my existing posts? also hoe to buy and sell is not easily explainable in a comment.

On the chart it only goes up 270 pips. Do you think that's enough of a recovery to start a up trend.?

nope, currently it is seen as a small correction of the down trend and won't be big enough to start an up trend as it looks right now.