Market Snapshot - February 20th 2018
Top 10 Cryptos
At the moment of writing all top 10 assets were in green, with only one asset in red.
The predicted bull run seems to be in place, with Litecoin, which is seeing double digit growth, leading the pack, and Bitcoin growing very fast and testing 12k.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.45 on Coinmarketcap, up from yesterday.
On Bittrex, the 30 minutes chart shows another 2k descent, from 38k satoshis to 36k satoshis.
The 1 hour chart shows consistent downwards pressure.
The 1 day chart shows that the 38k resistance level was broken and the downwards trend is getting more powerful.
SBD was trading, at the moment of writing, at $5.42 on average, up from yesterday. The 30 minutes chart on Bittrex shows very steep correction from 48k to 43k satoshis.
The 1 hour chart suggests that the downtrend is still very consistent.
The 1 day chart the 6th consecutive red candle, with almost now wicks, indicating the down pressure is strong.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.220 STEEM with 1 SBD, slightly down from yesterday and the parity continues to be broken.
Overall opinion: Bitcoin fast rally is draining up all alts, including STEEM and SBD, which both lost against BTC (but appreciated in fiat). The next bear correction of Bitcoin should balance this with some upwards swings for STEEM and SBD, but, until then, this trend seems to continue: losing against Bitcoin, but appreciating 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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BTC, the mother of all coins is starting to show its true potential with its true color "GREEN"... Looks very bullish now! Happy to see Steem is also following the bullish sentiment...
@dragosroua - ALWAYS look forward to your posts. I know you say you're not a trader and that you do this for your own education, but that makes your posts that much more accessible when you're speaking about topics like these that are slightly more advanced (or at least, advanced to me. Trading isn't a part of my background so it's fascinating to get to learn about it through crypto asset classes.) Thank you for being willing to share. Cheers to you!!
The predicted bull run came! Now lets see if it slows down as the weekend comes... Hopefully Steem and Sbds manage to keep their price!
This is the way i like it the market is coming back to the good days
i'm sure we will see some new all time high for top alts in few weeks time
Nothing can stop the crypto revaluation
My "WORKAHOLIC-WITNESS", keep doing the good job.
Steem selling at $4.45! This is so impressive. Hope this trend continues. What could be responsible for the case of stellar?
I think bitcoin will rise to 12k very soon and the rise in SBDs in fiat is good. I cant wait to have 1 sbd= $1k... that would be a future to see. Thanks for the post
Steem is taking over the crypto market
this looks really amazing,hopfully the future of these cryptos be more and more powerful.
your post so informative thanks for sharing...