Hello Steemers!
Some mild uptrend since yesterdays, might be another accumulation level here, a new higher low is definitely a bullish sign, did we finally enter the uptrend?
POLONIEX
4 hour Poloniex chart - Sept 02, 2016
4 hour Poloniex chart - Sept 03, 2016
Yesterday the price made a higher low, starting a mild bounce using the top line opf the newly made swing high as resistance.
BITTREX
4 hour Bittrex chart - Sept 02, 2016
4 hour Bittrex chart - Sept 03, 2016
After yesterdays dump, Bittrex price started a very mild bounce using the ~0.00158 line as resistance, repelling from it once already.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Sept 02, 2016
STEEM/BTC volume Bittrex Sept 03, 2016
STEEM/BTC volume Poloniex Sept 02, 2016
STEEM/BTC volume Poloniex Sept 03, 2016
STEEM indexed global volume Sept 02, 2016
STEEM indexed global volume Sept 03, 2016
Coinmarketcap top volume cryptos Sept 02, 2016
Coinmarketcap top volume cryptos Sept 03, 2016
The volume is a fair 50k$ higher then yesterday, although today Bittrex volume dropped again while the Poloniex volume went up. Again under top 20 on the coinmarketcap. No real weakness shows as far as volume goes.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
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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 :)