Market Snapshot - September 14th 2018
Top 10 Cryptos
At the moment of writing, top 10 crypto assets were predominantly bullish, with 9 of them in green and 1 in red.
Bitcoin yesterday's recovery accelerated, and BTC is not trading just above $6,500. The other token also had spectacular comebacks, with ETH gaining more than 15% day to day.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.73 on Coinmarketcap, slightly up from yesterday.
After testing 11.5k satoshis a few times, on the hourly chart, STEEM retraced back to 11k satoshis, same as yesterday
The daily chart looks stable, suggesting a new support is forming at 11k satoshis
SBD was trading, at the moment of writing, at $0.98, slightly up from yesterday and still at the peg.
On the hourly chart, SBD is stable at around 15k satoshis
The daily chart is stable just below 15k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.346 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: As more volume comes intro trading, the markets are seeing more consistent moves. A trend reversal is still very unlikely in the next few days. STEEM is moving upwards, slowly, but steady and SBD is maintaining the peg. My overall outlook is neutral to bullish short term and bullish long term.
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 weekend start!.
All crypto assets kept moving up yesterday. Bitcoin broke the $6500 level after crossing the 200 MA line. There is a MA crossover in a nice sigh of a trend reversal. If the weekend remains bullish we may see a clear new short-term uptrend.
EOS had a nice strong bull reaction with big green candles. The market is trading at $5.4 after crossing the previous high resistance line. 50 and 100 MA lines have crossed 200 MA one as volume came in. We may see a trend consolidation today.
STEEM developed a bull flag during the afternoon after reaching 100 MA line acting as a resistance. Stochastic is on a low oversold area so if bitcoin keeps moving up, I expect STEEM to follow.
Hoping for more better days for steem, steem is my main point, and am hanging on to it till thy kingdom come.
The market keep getting up
IMO, still one drop more of BTC to 5900 USD, then, I have the feeling is going to reverse...
Steem on
Hopefully we’re at the beginning of an uptrend. Cheers.
Bitcoin need to stay over $6500 for quite a time to push new barriers bulls are weak
I am happy to see the market back in bullish trends, and i hope that Bitcoin will sustain it's growth in price next week also
From last two days ethereum is leading the market. Hopefully bull will back soon in market @dragosroua
I think this bullish trend will take bitcoin to around 6700 and then it will pull back.
Hope this is a bullish sign with blockchain adoption happening in the background
Atleast until 26/9
We need a major bull run . Been in the bear market for long and the life is boring to be honest