Market Snapshot - July 13th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were slightly bullish, with all of them in green
Markets rebounded slightly, keeping Bitcoin above $6,200 for now. Looks like the weekend will be "make it or break it" for the $6,000 level.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.34 on Coinmarketcap, slightly up from yesterday in fiat, and in BTC.
The 1 hour chart shows that resistance at 20k satoshis held pretty well, but the upper side is still hard to pierce, after trying 21ksatoshis, it went back
The 1 day chart is stationary at 20k satoshis, for 2 days in a row
SBD was trading, at the moment of writing, at $1.10, slightly up from yesterday in fiat and in BTC.
The 1 hour chart shows sideways trading, around 17k satoshis, the level reached after yesterday's drop
The 1 day chart is stationary around the same level
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.810 STEEM for 1 SBD, down from yesterday, and under parity.
Overall opinion: We're seeing a slowdown of the bearish trend, but with very little upside. STEEM appreciated slightly, rebounding over $1.3, and SBD is flat.
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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Markets had a little rebound last night but not a big reaction.
Bitcoin had a nice big bear candle at 11pm but the bulls pushed hard and reversed the bear into a bull candle with a big lower wick. It was the first push reaction when the price was getting closer to $6000. Volume is very low again and we have to wait to see if the price keeps moving up towards the 200MA and trend line or reverses down again.
EOS had a similar push but managed to cross the 200MA line and reach $7 levels. Volume is also declining and a bull flag pattern seems to be developing.
STEEM reaction was stronger on the way up and is also stronger now developing a bull flag above the 200MA line. Volume is declining and we will have to see if the moving average acts as a support and does not let the price go below it.
Steem market down and down . I wish market is growing up quickly .
Thanks for sharing @dragosroua
Upvote you .
I am new here, I appreciate your article as it makes the working of this site better for us. Thank you.
This is good one for the market. Hope it stays green because the bearish nature recently is so worrisome.
I still don't know whats going to happen next, many of my friends aren't talking about the market anymore, they are holding till December, they are predicting all cryptocurrency to moon by then, what do you think?.
If market remain stable at this point, we may have the great chance to go up.
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Its good to see a slight rebound, but only the upcoming days will tell something, for the last weeks the trend has been down.
It was just a little pump that leads top coins to green chart.
I love reading your post. So thank you very much for your post.