Market Snapshot - May 7th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bearish, all in red.
Bitcoin retraced from almost $10,000 to $9,300 and all the alts are taking a beating.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.51 on Coinmarketcap, down from yesterday in fiat, but very slightly up in Bitcoin.
The 1 hour chart shows the start of a range trading period, after yesterday drop. STEEM remained more or less stationary
The 1 day chart is still bearish, but the last red candle is smaller than the previous day, which may suggest consolidation around 37.5k satoshi.
SBD was trading, at the moment of writing, at $3.07 on average, down from yesterday both in fiat and BTC.
The 1 hour chart indicates an acceleration of the downtrend during the last few hours
The 1 day chart shows another red candle, longer than the previous one, which indicates the bearish trend may continue
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.874 STEEM, down from yesterday and below parity
Overall opinion: Markets are having a rough start today, but we're still one week ahead of Consensus. STEEM consolidated around 37k satoshis (even a small appreciation) while SBD is heading below $3.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
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.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
CMC looks like drowned in the red sea.. but i belive that this is temporary in 2-3 day again bitcoin cross 10k mark..atleast market remain up for month may/june.
BTC should not go below 9K, otherwise it may touch 8K very soon...
Do you know anything about the progress of SMTs. I've been eagerly awaiting it!
If he knew it, he will let you know
Not yet.
I like the explenation of Kostolany. Its like a man walking with his dog. He goes from A to B. The dog also goes from A to B but he runs up and down and to the front and to the back. Eventuelly both arive at point B.
Thanks for sharing!
Look like the last time we will have the option to buy BTC under 10k
You are right brother
I have that slightly panicked feeling that if I don't buy bitcoin now it's going to start heading up with out me
No worries!
We will now have a huge up wave after a little bit more down!
I think we just get to some support levels and we will see the market cover up in the next few hours
That's exactly what i am thinking right now
This is a real beating taken by bitcoin and its gonna drag down steem i guess. Better days ahead hopefully. Thanks for the info
Not a very beautiful way to start the week for crypto lovers. The whole market is taking a little more beating since yesterday, I hope we don't go down too low this week.
This is another calling to buy more steem