$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #17, Dec. 8, 2016. by ozchartart

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bitshares · @ozchartart ·
$150.64
$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #17, Dec. 8, 2016.
Hello Steemers!

https://img1.steemit.com/0x0/http://puu.sh/qPHEc/3b0d8913ce.png

*POLONIEX*

http://puu.sh/sIiZh/f40c089491.png
*1 day Poloniex chart - Dec. 7, 2016*

http://puu.sh/sJrPl/4010b09a8f.png
*1 day Poloniex chart - Dec. 8, 2016*

http://puu.sh/sIiW6/bae33513b1.png
*4 hour Poloniex chart - Dec. 7, 2016*

http://puu.sh/sJrNP/3606909c39.png
*4 hour Poloniex chart - Dec. 8, 2016*
After making a new local high yesterday, the price turned down and made a local low on 500 satoshi, which was followed by a slight bounce to 522 satoshi. After the bounce the price turned down again and came close to the newly made local low, at the moment it is traded at around 508 satoshi.

http://puu.sh/sIizn/2a915c3555.png
*BTS/BTC volume Poloniex Dec. 7, 2016*

http://puu.sh/sJrDI/8f17fd7afc.png
*BTS/BTC volume Poloniex Dec. 8, 2016*

http://puu.sh/sIixa/64b7a01e9b.png
*BTS indexed global volume Dec. 7, 2016*

http://puu.sh/sJrC2/05d36e9fbe.png
*BTS indexed global volume Dec. 8, 2016*

http://puu.sh/sIirY/e2c049b56a.png
*Coinmarketcap top volume cryptos Dec. 7, 2016*

http://puu.sh/sJrC2/05d36e9fbe.png
*Coinmarketcap top volume cryptos Dec. 8, 2016*
Overall volume about 62% lower then yesterday, $BTS on 15th place on the volume rankings.
Poloniex volume about 56% lower then yesterday, volume ~64 BTC.

*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.
Everyone who uses TA develops his own unique charting style, please keep that in mind.

https://www.youtube.com/watch?v=aYNKLuTBxYc

Kind regards, OZ :)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 367 others
πŸ‘Ž  
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vote details (432)
@ozmaster ·
$0.02
*COMMENT*
I see 2 possible scenarios playing out:
1st - in case the price doesn't break the newly made local low of 500 satoshi I would expect it to keep its way towards the 570 levels, with a possible stop at around 530 satoshi
2nd - in case the price does break the newly made local low I see it going towards the 470 levels
http://puu.sh/sJs0b/65d7cdd0bd.png
πŸ‘  , , , ,
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vote details (5)
@eric-boucher · 
Very interesting post again, in the line of what was to be expected. Thanks again for the info. Namaste    :)
πŸ‘  
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