If you already know about that, sorry, but I've been away from Steemit for the last few days - and even before that I wasn't checking on Poloniex that often. Fact is STEEM transfers in and out @poloniex are now available and the price of our beloved cryptocurrency is now consistent between @poloniex and @bittrex.
I don't want you to trade based on other people assumptions, or hunches, so I kindly advise you not to do any trade based on what I will say, but my gut feeling is that the market is preparing for a bounce.
Cumulated volume is almost 150 BTC, around $600.000, extremely low compared with the highs we've seen back in June. For the last few days the trend was slightly down, but mostly range.
And yet, my hunch is that something is going on.
The only thing missing from this setup is some big news coming up. I wonder if it will be a development news (the launch of a new feature, for instance), a political news (some regulation / de-regulation stuff) or just an overall feeling of enthusiasm.
Again, don't trade based on other people feelings. I won't do anything either, I will just grab some popcorn and watch.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):