$STEEM/BTC Poloniex+Bittrex Technical Analysis / Market Report Update #219, May. 24 2017.
4 hour Poloniex chart - May. 20, 2017
4 hour Poloniex chart - May. 24, 2017
1 day Poloniex chart - May. 20, 2017
1 day Poloniex chart - May. 25, 2017
Shortly after reaching the 65k levels the price started turning down finding first support around 55k satoshi and has been traded between the 65k and the 55k lines during the 21st.
With the 22nd of May came more downtrend with the price breaking the 55k support and going all the way down to 48k satoshi where it found some support, but made a new local low a bit low, at 45k satoshi.
After the hard fall came a bounce above the 55k satoshi line all the way up to the 60k levels,and since the price has been trading around the 55k line with less and less volatility.
4 hour Bittrex chart - May. 20, 2017
4 hour Bittrex chart - May. 24, 2017
On the Bittrex chart u can see how the price dumped down exactly to the 45k line then in the retrace went with the spike to the 60.5k satoshi one and has since been trading above the 53k line, at the moment being at the same prices as on Poloniex, ~55k satoshi.
STEEM/BTC volume Bittrex May. 20, 2017
STEEM/BTC volume Bittrex May. 24, 2017
STEEM/BTC volume Poloniex May. 20, 2017
STEEM/BTC volume Poloniex May. 24, 2017
STEEM indexed global volume May. 20, 2017
STEEM indexed global volume May. 24, 2017
Coinmarketcap top volume cryptos May. 20, 2017
Coinmarketcap top volume cryptos May. 24, 2017
Overall volume about 36% lower then on May 20, $STEEM on 29th place on the volume rankings.
Poloniex volume about 46% lower then on May 20, ~1708 BTC.
Bittrex volume about 51% lower then on May 20, ~347 BTC.
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!
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.
Everyone who uses TA develops his own unique charting style, please keep that in mind.
Kind regards, OZ