Hello Steemers!
Sorry for not replying on the comments today, I had some IRL stuff to do and really didn't find any time to reply, I won't leave any questions open, I'll reply to them first thing tomorrow morning!
Now let's look at the charts!
POLONIEX
4 hour Poloniex chart - Aug 8, 2016
4 hour Poloniex chart - Aug 9, 2016
After yesterdays aggressive pickup the price dropped down again to the well known support level.
The accumulation still seems ongoing on the same level, but with some real danger for an attack to break into new lows.
BITTREX
4 hour Bittrex chart - Aug 8, 2016
4 hour Bittrex chart - Aug 9, 2016
The Bittrex price seems to be in the same mood as Poloniex, right after touching the fib/support line, the price started, bouncing back up. Although the bounce is mild the support line still proves it's importance.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 8, 2016
STEEM/BTC volume Bittrex Aug 9, 2016
STEEM/BTC volume Poloniex Aug 8, 2016
STEEM/BTC volume Poloniex Aug 9, 2016
STEEM indexed global volume Aug 8, 2016
STEEM indexed global volume Aug 9, 2016
Coinmarketcap top volume cryptos Aug 8, 2016
Coinmarketcap top volume cryptos Aug 9, 2016
Although the volume halved in comparison to yesterday steem is still holding it steady and rather big with the volume.
Yesterdays pump might have been just so that Poloniex players show who makes the moves now, since Bittrex didn't follow with even nearly as near as much volume it is now clear who holds the main word.
Steady volume which $STEEM has is pretty rare in crypto, the market is looking really healthy and it seems to be very easy to either exit or enter the market per wish.
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?
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 :)