Hello Steemers!
Some pullback after yesterdays heavy uptrend action, still showing some strong signs!
POLONIEX
4 hour Poloniex chart - Aug 30, 2016
4 hour Poloniex chart - Aug 31, 2016
The price did a small pullback using the bottom line of the swing high it made yesterday as support for another bounce. Started going down again but seems to be having trouble even with reaching the low it made just a few hours before.
BITTREX
4 hour Bittrex chart - Aug 30, 2016
4 hour Bittrex chart - Aug 31, 2016
4 hour Bittrex chart - Aug 31, 2016
Bittrex acted very similar to Poloniex price with a minor difference that it has not used a yesterdays level for the bounce, rather has used one made a day earlier.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 30, 2016
STEEM/BTC volume Bittrex Aug 31, 2016
STEEM/BTC volume Poloniex Aug 30, 2016
STEEM/BTC volume Poloniex Aug 31, 2016
STEEM indexed global volume Aug 30, 2016
STEEM indexed global volume Aug 31, 2016
Coinmarketcap top volume cryptos Aug 30, 2016
Coinmarketcap top volume cryptos Aug 31, 2016
Volume dropped on both exchanges, a little bit on Bittrex and a heavy portion on Poloniex.
Although the volume nearly halved $STEEM went just 1 place down in comparison to volume of other cryptos.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
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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 :)