Market Snapshot - May 5th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were predominantly bullish, with 7 of them in green and 3 of them in red, just like yesterday.
Bitcoin is still looking up to break the psychological $10,000 level, while Ethereum broke above $800.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.02 on Coinmarketcap, slightly up from yesterday.
The 1 hour chart shows stabilization on a low trading volume, between 40k and 41k satoshis
The 1 day chart shows a very small correcting candle, indicating the the STEEM will probably stop the correction towards BTC.
SBD was trading, at the moment of writing, at $3.44 on average, slightly up from yesterday.
The 1 hour chart shows stabilization between 34k and 35k satoshis
The 1 day chart shows the bearish trend has been stoped and SBD is stabilizing around 34k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.856 STEEM, slightly up from yesterday and below parity
Overall opinion: Seems like a slow and steady uptrend is gaining momentum for cypto assets. STEEM is stationary around $4 and SBD is stabilizing around $3.4.
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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Steem at $4 is really good, one good push may take it around $6...
Last night we had a new push and most of the coins gained value. Step by step, the total market cap is increasing and approaching the $500bilion mark, leaving behind the $250bilion low from mid-April.
Bitcoin was able to cross the previous high resistance line and is now approaching the $10000 target. (1hr graph)
EOS seems to have finally reversed and is now approaching again the resistance from January ATH (daily graph), the last release of the Dawn code may have had to do with that reversal.
Finally, STEEM is still in low volumes getting closer and closer to the lower uptrend channel line. I expect that line to act as a support again and the global price increase will help the crypto to start going up (1hr graph). Maybe, that last hour green candle is the beginning of the reversal.
Is SBD really stabilizing or dropping? I have quite a number at the moment.
Looks like stabilizing short term, but the odds are aligned for it to drop back to the peg ($1).
I have to act smart.
Good to see the market like this i hope we will break 10k for bitcoin soon
Green green steem and sbd. That's really good, the market has been abit favorable this week. I hope it closes this way. Thanks for the heads up
OMG. YOU DOD NOT UPVOTE ANY OF MY COMMENTS SINCE LONG TIME AGO.😂😊😉
well here is my plant to reach 1000 sp fast before i die soon for my two kids and ex wife
I have 510 sp approx
Daily intrest compounding rate is 0.004% is 0.024 sp
Daily small miner feed from out sode 0.125 sp
Daily mb profite 0.4 sbd avg
Daily avg sbd from posts 0.2 sbd and 0.04 sp by bots
Resteeming avg income fees 0.04 sbd daily.
Daily Income from my ruble miner since 1.5.2018 is 0.3 steem.daily...avg... 0.35 sbd ... used in bots
So I feed my steemit account by all the power i have..b4 i die
So i expect to reach 1000 sp by simple cal after 1000 days from today
Yea steem i will die b4 i taste the gold rock under my teeth
Ethereum seems to be making it's way up little by little. I'm really glad with the progress though it just a little over half of what I bought in in January.
For a couple of days, the steem and SBD reports have been constant due to the constant price. There isn't much change being seen. Can you tell, why EOS is getting higher but not the STEEM?
Steem is preparing for a bull run
the resistance steem and sbd's are carrying, it giving us an indication that AGain may and June are going to be great for HOdlers <3
Hopefully, steem will cross 6 $ marks and it will also carry Sbd with her to the moon!
and yes we should always hope for good!