Market Snapshot - February 11th 2018
Top 10 Cryptos
At the moment of writing, top 10 cryptos were all in red, correcting after yesterday's jump.
Although the entire market is in red, the correction is not that heavy and may be attributed to the fact that during the weekend there are less traders than usual.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.95 on Coinmarketcap, dlown from yesterday.
On Bittrex, the 30 minutes chart shows a slow but consistent correction after yesterday's upswing.
The 1 hour chart indicates a resistance might be found at 46k satoshis (before the upswing, price was 48k satoshis).
The 1 day chart is showing a red candle wiping out last two days gains.
SBD was trading, at the moment of writing, at $4.50 on average, down from yesterday. The 30 minutes chart on Bittrex shows a slower (and more "nervous") correction from yesterday's up.
The 1 hour chart that the gains are still holding on, correction is only to half of the spike.
The 1 day chart is showing a red correcting candle, but smaller than the last green one, which ay indicate still some bull power left.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.136 STEEM with 1 SBD, up from yesterday and the parity is, at least for now, broken.
Overall opinion: SBD is still having some pump power behind, while STEEM seems to be losing ground. Next week beginning will give more information about what the real trend is.
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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Just as I commented in your earlier post about in 2 days later, the market turns totally red- and that's okay that "I think this should be as the effect of the weekend, though expecting more dip as the result of China's holiday hian after which the cryptos market will see a spike".
I wonder when we will see Steem at the first 10 market cap
We would see steem at the top because it's blockchain has great potential which is yet to be fully mined. It more adoption of steem and it's blockchain, it wouldn't be long before it sees the top.
Pump in SBD prices are keeping many authors and curators active on this great platform, making it more profitable... Let them pump SBD even harder!
well thanks for sharing this .. i was just thinking about this
I like that steem has manged to be so resilient amid a long drawn out correction .Just goes to show how much this platform has progressed in so less time.Looking forward to how things turn out i have a feeling we may be headed for a longer correction period than originally thought but that's ok.
Excellent analysis. I check the market. Steem anf SBD price looks good. Steem and SBD starts increasing.
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