Market Snapshot - February 11th 2018

in steem •  8 months ago

Top 10 Cryptos

At the moment of writing, top 10 cryptos were all in red, correcting after yesterday's jump.


Screen Shot 2018-02-11 at 12.59.57 PM.png


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.


Screen Shot 2018-02-11 at 1.00.16 PM.png


The 1 hour chart indicates a resistance might be found at 46k satoshis (before the upswing, price was 48k satoshis).


Screen Shot 2018-02-11 at 1.00.30 PM.png


The 1 day chart is showing a red candle wiping out last two days gains.


Screen Shot 2018-02-11 at 1.00.37 PM.png


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.


Screen Shot 2018-02-11 at 1.00.52 PM.png


The 1 hour chart that the gains are still holding on, correction is only to half of the spike.


Screen Shot 2018-02-11 at 1.01.00 PM.png


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.


Screen Shot 2018-02-11 at 1.01.05 PM.png


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.


Screen Shot 2018-02-11 at 1.01.11 PM.png


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.


Dragos Roua


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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 would like to thank you because after follow you are updating about crryptocurrency you are doing great work .this is very special for all users .about crrypto market what the happening in this moment .you are posting .

@dragosroua
"Buy when there is blood on street"....
Is this situation the meaning of above?

wow...nice post. i like your Market Snapshot - February 11th 2018 post. thanks for share the post.

Excellent analysis. I check the market. Steem anf SBD price looks good. Steem and SBD starts increasing.

@dragosroua my witness, thanks for the valuable information.

knowing the present situation of the steemitMarket Snapshot - February 11th 2018 from ur post thanks to share it

Thank you for information....

This is a huge opportunity for us guys to take care of our steemit accounts, this your entrance to the world of cryptocurrency and it is the best entrance and investment

Great one the post @dragosroua
Thanks for sharing

I appreciate your market information. It's useful and timely. I hope by next week, it will be more good news.

excellent information dear friend @dragosroua
the main cryptocurrencies can not be reestablished and resume the path of growth, it will be by the announcement of the India of the proibition of the cryptocognets or the expectation of the Chinese new year. Whatever the reason, it is enough to retain the values
Thank you very much for sharing the information
I wish you a beautiful Sunday

Yeah, SBD will pump now further because this is the right time for it, and many people are now taking interest in SBD now because it is the best they have got in their opinion right now...
GO SBD Go

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.

It's always interesting to me to have a look at these posts later in the day because oftentimes things have turned. Like today. Still in the red, but a rebound has already begun with most charts turning higher in the past 2 hours.

Great to see the SBD to STEEM Ratio back in the green zone :D

Yes this ups and down seems to be going on for quite a while !
Well hope Steem & SBD rises even more ;)