Market Snapshot - February 14th 2018
Top 10 Cryptos
Valentine's Day seems t be gentle with the crypto hodlers: at the moment of writing, top 10 cryptos were all in green, with Stellar and Litecoin posting double digit gains.
There seems to be an overall positive sentiment across the entire market, with very bullish moves during the last few hours.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.25 on Coinmarketcap, slightly up from yesterday.
On Bittrex, the 30 minutes chart shows mostly sideways trading.
The 1 hour chart shows the same sideways pattern, with a slight bullish tendency.
The 1 day chart has the same price for the last 3 days, at the end of a triangle pattern. Price may move soon, hard to tell in which direction, but the scenarios for an uptrend seem to be more consistent.
SBD was trading, at the moment of writing, at $5.11 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows very small variations.
The 1 hour chart suggests that the 54k satoshi level is becoming stronger.
The 1 day chart shows a potential stabilization in the 54k satoshis area.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.205 STEEM with 1 SBD, up from yesterday and the parity continues to be broken. Although there are a few variations, the median price is going steadily up.
Overall opinion: STEEM is waiting for a new move, potentially upwards (if there's no significant bad news, which in crypto may happen any time) while SBD seems to be holding on to its position above $5.
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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Good to start the Valentine's Day with the positive news of bullish market...
Let's hope it stays green! Valentines day has enough red hearts and roses, we don't need it on the charts :)
Seems like red is busy celebrating Valentine's day. SBD is 4.84 today. I hope it stays the same and the price of the coins goes up. Steem On!
I'm so glad to see the market finally stabilizing after that whole mess in January and the beginning of February. Hopefully Valentine's day gives us some steady grow as a gift for those of us who are single :-D
Thanx for sharing.. Good news about steem and sbd.. Hope to see steem back up and up
The market is recovering and there is some good news from South Korea
https://www.bloombergquint.com/bitcoin/2018/02/14/crypto-trading-ban-downplayed-by-south-korea-after-backlash
I have a feeling that the market going to jump up today
the price of top alts are in the same levels +-8% for to much time
Good news and i hope this news put good impact on crypto space and we might see bullish run again, thanks for sharing this news with us, Stay blessed. have a nice day bro
its helpful.. thanks for sharing😍😍
This update news about cryptocurrencies is very helpful for us. Thankyou for sharing. happy valentine day to you.