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
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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 :)