Market Snapshot - May 11th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bearish, all of them correcting consistently.
Bitcoin is hovering around $9,000 and it went below a few times. It remains to be seen if it will continue to hold above $9,000 during the weekend.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.15 on Coinmarketcap, sharply down from yesterday.
On the 1 hour chart a downtrend channel is forming. STEEM lost around 4.5k satoshis during the last 36 hours.
On the 1 day chart we can see that the last 3 days losses have been on relatively low volume.
SBD was trading, at the moment of writing, at $2.56 on average, sharply down from yesterday.
The 1 hour chart shows the same downtrend channel we saw for STEEM
The 1 day chart shows 9 consecutive red candles, on very low volume.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.817 STEEM, down from yesterday and below parity
Overall opinion: We are seeing a drastic correction across the entire spectrum, but as long as Bitcoin remains above $9,000, it may be just a good entry point for buying more alts.
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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The fact that Bitcoin is still higher then $9,000 is very good sing and show the market will go up in the next few days
Nop
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Double nope
Well, actually.... it... ugh... it...
And here I was hoping Steem would get to 5$ this month. Guess it's back to 2$ for now.
Yea i was opimistic to but knew it was an over overcorrection when it got over 4 dollars!
I think its fair to say steem and sbd have taken a plunge, i assume this is the 3rd day in a row. Hopefully its going to get better b4 nextweek
I am not pessimistic about this falling down. It is a chance for us to gain more..
Once again a sad day means Red day. Crypto Blood is falling like in stream. Best wishes for all and be strong. Hopeful for better.
Hopefully, this dip will get huge investment!
it is great char for all of us very informative article
yes i agree with you At the moment of writing top 10 assets were bearish, all of them correcting consistently.
I hope this is good system! like it 😍
All the major coins bearish at the moment. I think that BTC is stabilizing around $9000.