Market Snapshot - July 6th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were bearish, with all of them in red
Seems like the weekend is bringing a moderate correction to the upswing we experienced at the beginning of the week. Bitcoin is still above $6,5000.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.48 on Coinmarketcap, down from yesterday in fiat, and in BTC.
The 1 hour chart shows a correction back to 22.7k satoshis, from yesterday's high, 24.7k satoshis.
The daily chart is showing a correcting group of 4 candles, which still keeps around half of the gains obtained in the last upswing
SBD was trading, at the moment of writing, at $1.19, down from yesterday in fiat and in BTC.
The 1 hour chart shows a similar correction with STEEM, only this time from 19k to 18k satoshis
The 1 day chart is also correcting down, but nothing too worrying, IMHO
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.795 STEEM for 1 SBD, down from yesterday, and under parity.
Overall opinion: The moderate correction comes ahead of the weekend, after a relatively bullish week. If we can maintain the current levels during the weekend, than a more optimistic week lies ahead. If not, this may be the beginning of another significant wave down. STEEM and SBD lost a bit of their value, but still on positive growth territory.
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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A new small correction took place during the night in all top currencies.
Bitcoin reacted in the morning and not is going up towards 200 and 100 MA lines and price is again above $6500. Volume has been declining.
EOS had a stronger bear run all the way to the 50 MA line which acted as support. Then the price bounced up as volume came in. We will see if we can reach the $9 level again and maintain it there over the weekend.
STEEM also had a stronger decline punching the 50MA line which now seems to be acting as a resistance. Volume is very low again.
and yet..the price of Steem on Bithumb is still running much higher than on any other exchange.
The kimchi premium :)
I've never had the nerve to taste that stuff....
I hear it's pretty radical.
Kind of a ok day for cryptomaniacs not too much dump but still have to be careful with trading : )
That's how it used to be and that was why is crypto ...... The uprise and the down in price is part of learning anyways ......... Great notification here to know about the current happenings.
It hasn't went much down as of the current week. I Agree with your overall opinion.
I see no need to get desperate, this is kind of usual.... Like all market, cryptos are subject to up and downs... You have good days and you have bad days, that's how everything works....
No need to cry over it...
The disparity from that of yesterday is still not too far apart. I will say it is still a stable market at the moment.
I guess as BTC is lowered it has effected STEEM too!! But not much. :)
Whenever we think about the rally :( this happens :(
This is a bad news that crypto matket down . I don't know what happend ?
Thanks for sharing @dragosroua
Upvote you .