Hello Steemers!
Today the we have seen some sideways action, so far no serious sign of the bears, did the bulls break into a new trend?
POLONIEX
4 hour Poloniex chart - Aug 14, 2016
4 hour Poloniex chart - Aug 15, 2016
After making a new local high the prices backed down to the first support line, the bottom line of the previously marked swing low, but with near to none sell pressure.
BITTREX
4 hour Bittrex chart - Aug 14, 2016
4 hour Bittrex chart - Aug 15, 2016
The Bittrex price acted in a similar way, now trending in the small zone betwean the green and the light blue support/resistance lines.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 14, 2016
STEEM/BTC volume Bittrex Aug 15, 2016
STEEM/BTC volume Poloniex Aug 14, 2016
STEEM/BTC volume Poloniex Aug 15, 2016
STEEM indexed global volume Aug 14, 2016
STEEM indexed global volume Aug 15, 2016
Coinmarketcap top volume cryptos Aug 14, 2016
Coinmarketcap top volume cryptos Aug 15, 2016
The volume halved in comparison to yesterday, Poloniex still having the head volume and Bittrex falling down below 50 BTC volume, the lowest it has been in days.
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.
Kind Regards, OZ :)