Market Snapshot - July 8th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were predominantly bullish, with all of them in green
The positive sentiment that marked the beginning of the weekend is maintained. Growth is moderate, but consistent.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.56 on Coinmarketcap, up from yesterday in fiat, and slightly down in BTC.
The 1 hour chart shows mostly flat trading after yesterday's attempt to go over 27k satoshis, currently maintaining around 23k satoshis.
The 1 day chart shows another small correction for STEEM, but still keeping more than half of the gains obtained a week ago
SBD was trading, at the moment of writing, at $1.28, up from yesterday in fiat and down in BTC.
The 1 hour chart is mostly flat around 19k satoshis
The 1 day chart is also stable, at the same level, 19k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.825 STEEM for 1 SBD, slightly up from yesterday, and under parity.
Overall opinion: This weekend seems to mark a new pattern, in which small advancements are being made by the top 10 crypto assets. Still early to call it a bull trend, but even flat or sideways trading is better than the last bear run. STEEM and SBD are stationary during this Bitcoin rally.
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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Nice to see BTC over $6800 this is very good sing for the market
Neo posted some good gains along with btc looks a bullish weekend
Market is stabilizing and slowly going up, good times ahead :)
Nice BTC grow up this over $6800 , it's a very good sing for the crypto market . I am so happy this news .
Thanks for sharing @dragosroua
Upvote you .
This is the way i like my weekends
Yeah we are looking at stabilization.... hopefully this can turn into a bull run in next week..
Bullish or not stabilization is still better than consistent bearish trend.
We need few more day like this and we will be on the right way
We had a nice new pump last night in all top cryptos.
Bitcoin was trading inside a triangle and managed to break out on the upper side as a nice portion of volume came in. It has been quiet after that, but price is getting closer and closer to the $6900 resistance line.
EOS managed to cross all three MA lines and punched the $9 level. Then retraced a little bit creating a bull flag around $8,8
STEEM was one of the cryptos with less reaction and its movement was probably just the reaction to bitcoin. The bit bull candle managed to cross all three MA lines and then retraced back with 200MA as a support. At present moment is moving upwards towards 100 MA line. Volume very low again.
i want to see sbd n steem to go much higher as they were before
I hope they take a big leap again in coming future
Hope for the best
Very highy jump looking to see. Giid and happy to see toay's chart. Hope it will gain more.