Hello Steemers!
Seems like we are entering interesting times ;) Let's see what the charts are trying to whisper..
POLONIEX
4 hour Poloniex chart - Aug 28, 2016
4 hour Poloniex chart - Aug 29, 2016
The Poloniex price once again made a new all time low, this time with allot of volume on the push.
Difference to previous downwards moves is that the volume was really big on this one, in the past we have seen greater volume on the bounces then on the down moves, they were smaller but consistent.
BITTREX
4 hour Bittrex chart - Aug 28, 2016
4 hour Bittrex chart - Aug 29, 2016
The Bittrex price made a new local low, hitting a support line (previous high) which i didn't mark before (didn't see, forgot, w.e.) which I now marked with a white line, the price seems to struggle to make a little bounce atm.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 28, 2016
STEEM/BTC volume Bittrex Aug 29, 2016
STEEM/BTC volume Poloniex Aug 28, 2016
STEEM/BTC volume Poloniex Aug 29, 2016
STEEM indexed global volume Aug 28, 2016
STEEM indexed global volume Aug 29, 2016
Coinmarketcap top volume cryptos Aug 28, 2016
Coinmarketcap top volume cryptos Aug 29, 2016
The volume picked up a little bit on both exchanges, Poloniex still being the leader.
Even thou the volume picked up $STEEM lost a few places in overall volume ranking towards the other cryptos, some coins have gone into pump mode, while steem is still in downtrend, still doing a great job, still at the top of the list!
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 :)
