Recap: What happened this week in the markets? Steem Price, Bitcoin Price, Analysis in all markets!

in #main7 years ago (edited)

This post shows what happened in the crypto, currency, index, commodity market for the past week.

For the cryptocurrency market
List of top 20 Cryptocurrencies:
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Bitcoin is up 40% this week.
Bitshares, Antshares, Stratis, NXT are good mentions of currencies that outperformed bitcoin this week.
n23_d4.png

Stratis is up 53% compared to btc and Nxt 40% compared to btc.

In regards to steem, it's up in the past 7 days:
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Now for a chart of Steem, from tradingview, with Technical analysis:

Steem has a chance to continue it's upward trend!
If it goes above 0.000070, price of steem can multiply even while bitcoin is rising exponentially.

Now for how did markets in real world moved:
n23_d1.png
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What happened Friday:
As seen, the daily indexes ended friday with an average between -0.1% to -1.6% of a down move.
Grains were down between -0.22 and -2% for the day.
Softs(Coffee and sugar were up).
Precious metals up, silver did a nice gain of 1.38%
Forex exotics were seen as stronger than the dollar(lot of red, showing dollar weakness compared to the exotics).
Forex majors, almost all the pairs that are YYYUSD are seen as up, and USDYYY pairs are seen as down. (eg. YYY=EUR, GBP, AUD, NZD, JPY, CHF, CAD). AUD was the only one seen weaker than the dollar on friday, however it outperformed the dollar on weekly timeframe.
Crude down on average -2.5%, on the daily and weekly timeframe.
And Bitcoin was up 3% for the day, and 40% for the week. Volatile currency, more like a stock.

Now for the Weekly recap:
European indexes are down on average 2%.
US indexes up by 0.5% on average and 1.2% for the nasdaq.
Chinese indexes barely up by 0.2%(even though it did a gain of 4% this month).
Grains on average rose in price, Corn by 1%, Soybean by 2%, but Wheat is down by 1.67%.
Softs(Coffee and Sugar are up by 1.8% and 0.5% each)
Crude is down by 2.5% on average while Natural gas is down by 0.8%.
Metals are up by 2% on average for gold and 3.2% for silver.
The Dollar index is down by 1.18%.
Bitcoin is up by 40% this week.
On average, Forex Exotics are mimicking the dollar index, with movements down as much as 1.8% compared to the Norvegian Kroner, but at the same time, Dollar strength seen compared to the Ruble, usdrub being up by 0.9% this week.
On Forex Majors, Euro is seen as strongest, going up by 1.65%, compared to the dollar.
Cable seen down by 0.7%.
Yen and Swiss Franc are seen up compared to the dollar, by 1.1% and 1.7% respectively.

Overall, a week with a weaker dollar, a stock market that is at it's peak, with grains and precious metals rising, while crude is falling, and stronger currencies(like euro, some european currencies and the aud and nzd) and a good week for bitcoin(up by 40%).

Overall, a great week for bitcoin, and a great week for steem!

Hope you enjoyed these charts!
Have a great weekend and a good next week!

Upvote and Re-Steem!

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