Market Snapshot - February 19th 2018
Top 10 Cryptos
At the moment of writing all top 10 assets were in green, with only one asset in red.
After a short weekend breather, markets are rallying, making another bull run plausible.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.32 on Coinmarketcap, slightly up from yesterday.
On Bittrex, the 30 minutes chart shows a downtrend from 39.5k satoshis to around 38k satoshis.
The 1 hour chart shows that the two solid corrections over the weekend slowed down.
The 1 day chart suggests the resistance is hooding on and a reversal may be in the cards.
SBD was trading, at the moment of writing, at $5.33 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows another failed attempt to pierce through 49k satoshis, followed by a correction down to 46k satoshis.
The 1 hour chart shows two consecutive corrections during the weekend, followed by stabilization.
The 1 day chart indicates a potential slowdown of the downwards pressure.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.235 STEEM with 1 SBD, slightly up from yesterday and the parity continues to be broken.
Overall opinion: The weekend SBD pumps are over and the market seems to enter a new pattern: appreciate during the week and correct during the weekend. STEEM and SBD are both losing value against Bitcoin but they remain stable in fiat.
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 sbd chart is green signal it may be high soon with steem too!
@dragosroua much appriciate your work! i m regular user of steem.supply!
Surprised to see Green market on Mondays... Looks bullish indeed!
It's very possible the new pattern of weekday gains and weekend slumps is due to a new demographic controlling a majority of the trading in crypto. Professional traders don't work on the weekends :)
Great to see BTC less than $100 from cracking $11,000.
yesterday was a red day today all seem to be turning green, am glad to see their is a market rise although in small bit
What are the chances of SBD to hit $7 or $8?
Great to see the market picking up from the weekend's retraction and correction. Hoping steem and sbd maintain their grounds as I look forward to the long awaited bullish run of bitcoin though there is no spectacular news yet with respect to bitcoin.
Owk this is very very impressive because I had already started asking questions. Couldn't wrap my head around the fall of crypto but to think they are rising again is good news...Thanks for this @dragosroua. What a relief .
a very good post, thanks have shared.
Visualizing the graph SBD to Steem ratio shows, in the last days, a tendency toward stability. Particularly to me it seems good because it could indicate a certain tendency towards strength in time even losing value against Bitcoin. It is my humble opinion
Greetings.
your all.post so informative..thanks for sharing..