STEEMIT - Volume VS Time

Its been another great week for STEEM traders and investors.

Keen to learn more about the Volume vs Time dynamics in the STEEM/BTC market I've run a few statistics to learn more about the nature of this beast.

The graph below shows the volume accumulated average of each 60 minute period in a day,  over the last 7 days (all times are GMT UK Time)  

Over the last 7 days, the 23:00 - 23:59 hour has won the highest volume of the days.   

The chart below marks the Closing price of the 23:00 bar so you can visually see how price manoeuvres around this level. 

7 days isnt a very large sample size to work from, but its a start in learning about the nature of how this market moves. 

The next graph shows the previous 30 days  volume accumulated average of each 60 minute period in a day, which is very similar to the 7 day graph.

Using 90 days accumulate data for each 60 minute period highlights a clear anomaly with the 17:00 bar (5pm GMT UK Time) 

Below is the STEEM/BTC chart with the 17:00 bar closing price marked as the black line.

At a glance, its clear this level could be used as a key pivot in our trading strategies for managing existing positions, gaining a directional bias if price is trading above or below this level day by day, hour by hour, possibly accumulating positions inline with your trading method or even designing an algo around this high volume level

Please take this information with a pinch of salt, although i hope it could be some food for though for someone to really take advantage of this slight edge and dig into this further.

Until next time, stay safe :)