Market Snapshot - June 14th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bouncing back, but still predominantly bearish, with 7 of them in red and 3 in green
Still early to tell if this reversal is just a temporary correction or the end of the dip, but this one seems a bit stronger than the one on Tuesday.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.72 on Coinmarketcap, slightly down from yesterday.
The 1 hour chart shows the same sideways pattern in the 25.5k and 28.5k satoshis.
The 1 day chart is basically flat for the last 2 days
SBD was trading, at the moment of writing, at $1.34, slightly down from yesterday.
The 1 hour chart shows sideways trading around 20.5k satoshis
The 1 day chart is still flat around the same level, 20.5k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.780 STEEM for 1 SBD, slightly up from yesterday, and under parity.
Overall opinion: We're seeing another correction up, but not enough volume or traction to identify a clear trend. STEEM and SBD are basically stable in BTC.
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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Correction after previous days big downtrend.
Bitcoin hit a low slightly beyond the previous low from April crossing the $6500 support. Now that line is acting as a resistance and the market is struggling to cross it. We will have to see if the trend keeps going up in the following hours.
EOS also had a nice reversal after reaching a value as low as $9,1. The price crossed the 50 MA line this morning and is moving towards the $10,5 (now resistance). Voting keeps going and has reached almost 10%. It looks we may have an official launching before the weekend.
Steem followed a path very similar to Bitcoin, it reached a low of just about $1,5 and now is on uptrend struggling to cross the 50 MA which is acting as a support. We need to see the trend going up for a few more hours to consider a clear reversal.
@dragosroua, our beloved STEEM has been falling for nearly two months already. It is a little painful to see the Steemit earnings decline as a result. I hope a nice bounce up is coming soon :)
Steem dollar rate is down day-by-day
Informative post .
Thanks for your information .
Upvote you .
And thanks for sharing @dragosroua
It is looking rather bad at the moment however, some predictions suggest that we will see average values of around 3.178 in SBD in a years time, with average values of perhaps around 8.631 SBD in the next five years time. My personal thoughts are that this will continue to last for maybe the next three weeks, maybe a month but it looks like it will climb after stabilizing. Lets see where this goes. I mean when this all started the value was trading at 1.26 and has had highs since of around 7.86 to as high as 13.75 with the most recent high hitting 7.36 (June 7 this year) the last time it hit the 7SBD mark was January 29 - it's been dipping and climbing since. I think we'll see a few large purchases happening soon.
I do hope that things change sooner than later.
Major bounce back in IOTA - glad to see that.
It doesn't look like that SBD/Steem ratio is going to go back in favor of SBD anytime soon. Better to convert SBD to steem now rather than wait for a better ration. Any thoughts?
Are we reach to bottom?
No i think no, what you say?
The bearish trend has not gone yet i think, its just little correction but i thing we are down further.
Just hope that the correction for Bitcoin is done so that steem and SBD can start to climb up again. It is already middle of the year. If we can follow last year trend, there could a change for a breakthrough soon later on. Hodl for greater profit and be patience are the two things we need to remind ourselves. Thanks for sharing some info about the situation!
Mindblowing post sharing bro...
Its not mindblowing post.. Is a crypto analysis related post bro.
Why not just read the post and post relevent comment rather then scam?
Don't mind him, I don't know why people always do that when it cost you nothing to read.
Hahaahhaah, spammers!
The price is going down from the analysis of yesterday and you are calling this mind-blowing... It cost you nothing to read the content.