Market Snapshot - April 11th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bullish, with all of them in green.
Markets seems to correct upwards a little bit, but Bitcoin is still under $7,000.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.84 on Coinmarketcap, slightly up from yesterday.
On Bittrex (which changed the charting libraries, it seems), the 30 minutes chart shows mostly sideways trading in the 26k-27k satoshis corridor.
The 1 hour chart confirms that we're basically flat for the past 24 hours
The 1 day chart shows stabilization around 26.5k satoshis
SBD was trading, at the moment of writing, at $1.91 on average, slightly up from yesterday.
The 30 minutes chart on Bittrex shows sideways trading :
The 1 hour chart is also flat, with a very small downwards bias
The 1 day chart confirms that, while STEEM is stabilizing, SBD is gently trending down
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 1.042 STEEM, slightly up from yesterday.
Overall opinion: Markets are on a stabilizing trend, the bear runs are smaller. ETH seems to have a bit of an edge towards Bitcoin during the last few days. STEEM is stabilizing around 27k satoshis, while SBD is gently descending to the peg.
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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With the today's mention of Steemit on "BLOOMBERG", i expect to see pump in Steem prices hopefully! Bloomberg News
If there is any pump, I am still cool with it. I bought dip last week.
It may happen any moment...
Very good news from Bloomberg News!
From the charts all i see are lemon greens, maybe thats why theyre not up up, the real greens are yet to show up. Thanks D
Stabilization is good and at least we are slightly up from yesterday right? What do you think about the new Bittrex site? I have mixed opinions about it.
Just briefly saw it, not too much time to form an opinion. Still pondering if I should use Binance charts, since their volume seems to be twice as big as Bittrex'.
Well you can switch between them depending if you want to report a slightly higher or slightly lower price lol. Bittrex volume should start to pick back up now that apparently sign ups are open up again.
It's just a matter of time before peg is remade..
PS
I loved reading your Steemit Username Challenge...Now I know the history behind your username...
But steem cannot be pegged.
But SBD can be....
I'm really happy to see the market like this , nothing going crazy just getting up a bit
Bitcoin seems to have entered into a trading range between $6500 and $7500 for the past days unfolding a downtrend triangle (1h Coinbase chart shown). It could be a symptom of the downtrend exhaustion and get the market ready for the beginning of a slow uptrend.
From a TA point of view, in a bear market a downtrend triangle may also signal another bear run, but let's hope you're right :)
We will see another rise once more awareness is made. Also I see that EOS took the biggest jump of recovery with over 8%
I have been doing JIJO with steem lately, increasing my bitcoin with it. Thanks for the update.
Interesting article! I bought Litecoin in February and I do not think I made a happy choice ...
Anyway I believe that the speech will be made in a few years. The point is to understand whether or not you believe in the project ... If you believe it then you will have to be patient!
I believe it!
thanks for sharing market report keep it up great job