Hello Steemers!
The market seems to have kept the rainy mood from yesterday,
the bears are pushing the downtrend not even letting the bulls catch a breath.
POLONIEX
4 hour Poloniex chart - Aug 11, 2016
4 hour Poloniex chart - Aug 12, 2016
The price made a a weak bounce after making a new all time low, but started going down right after and is now again at the ~0.0025BTC support level which was pulled from Bittrex and was used as a stopping point for yesterdays downtrend move.
BITTREX
4 hour Bittrex chart - Aug 11, 2016
4 hour Bittrex chart - Aug 12, 2016
The Bittrex price trended in a very similar way to the Poloniex one with the difference that it again made a lower low to close the previous day.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 11, 2016
STEEM/BTC volume Bittrex Aug 12, 2016
STEEM/BTC volume Poloniex Aug 11, 2016
STEEM/BTC volume Poloniex Aug 12, 2016
STEEM indexed global volume Aug 11, 2016
STEEM indexed global volume Aug 12, 2016
Coinmarketcap top volume cryptos Aug 11, 2016
Coinmarketcap top volume cryptos Aug 12, 2016
The volume has stayed pretty much the same as yesterday, again much higher on Poloniex then on Bittrex.
$STEEM is still showing that its in the top of the crypto scene when not in the best shape as far as volume goes.
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!
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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 :)