Market Snapshot - May 14th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were mixed, with 6 of them bearish and 4 of them bullish, but with small variations.
Bitcoin is still above $8,000, but markets seems undecided, we're seeing quite a lot of choppy trading.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.07 on Coinmarketcap, up from yesterday.
On the 1 hour chart it looks like STEEM dug itself out from the hole in which it fell in the last couple of days and it's testing 36k satoshis again
On the 1 day char stabilization turned into a small reversal, and STEEM gained back 2k satoshis in less than 24 hours
SBD was trading, at the moment of writing, at $2.58 on average, up from yesterday.
The 1 hour chart shows relatively consistent volume on an uptrend for the last few hours
The 1 day chart shows a feeble, but encouraging correction, with 2 consecutive green candles.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.851 STEEM, up from yesterday and below parity
Overall opinion: Markets are in a cautious mood at the beginning of this week. STEEM and SBD are recovering consistently.
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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We are starting what's been the catalyst for incredible price rallies in the past three years. Consensus conference may be again the inflection point, we will have to see in the following days and hours.
Markets had a nice recovery yesterday, but during the night (CET) most of the gains just vanished and price returned to levels of yesterday morning with a big bearish reversal. Bitcoin reached the 100MA in Coinbase 1hr chart and then went down to hit again the support around $8300. The doji candles after the big bear and the low RSI indicator may be the sighs of a reversal.
EOS price action was almost the same as Bitcoin but in this case, the resistance was the $15 level. Here the chart shows more of a trading range since the fall on May 11th.
Finally, STEEM/BTC from Bittrex seems to be suffering less and at present time a nice bull candle is developing approaching previous highs around 36K Satoshis and recovering from last night fall. We will see if the 200MA can be broken this time.
I think it's $8,300 for Bitcoin, not $3,800. You may correct that before somebody gets a heart attack.
hahaha, thank you!!!
All around confusion is created the market is in choping situation.
I woke up to a brighter figure.... it is recovering with confidence. Great
Yeah the steem and SBD seem to be very unstable in the past few days. Does this also affect the value of rewards on steemit?
Yes, because we get the rewards in SBD.
Seems like the lambos will have to wait for now
The upcoming consensus blockchain technology summit in New York, starting from today, may give some direction to the market.
This is my graph, you can refer to them or see graph overview at my blog @sonpham1997
The market is jumping up and down really fast in the last 24 h
Well crypto currency is full of volatility, you never know what is going to happen next. Understanding the patterns it's still difficult to predict the market.
I just wished that steem fall a little bit more because its usually a good coin to buy because when the market starts going up steem always has great valorization :)
You think the price of sbd can be up $ 10