Market Snapshot - February 18th 2018
Top 10 Cryptos
At the moment of writing all top 10 assets were mostly in red, with just one asset in green.
With Bitcoin testing $11k and Ethereum $1,000, it looks like just a breathing out correction. No FUD - or other significant news - at the moment, so it looks like a small, natural retracement in preparation of another bull run.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.38 on Coinmarketcap, down from yesterday.
On Bittrex, the 30 minutes chart shows a very steep sell-off about 6-7 hours ago, to less than 39k satoshis, followed by stabilization.
The 1 hour chart confirms the abrupt dive, but the correction shows upward pressure.
The 1 day chart suggests hard resistance around 39k satoshis.
SBD was trading, at the moment of writing, at $5.38 on average, down from yesterday. The 30 minutes chart on Bittrex shows another steep downtrend from 50k satoshis to 47k satoshis.
The 1 hour chart suggests a potential resistance around 47k satoshis.
The 1 day chart shows a smaller corrective candle, while the last week gains are still holding.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.231 STEEM with 1 SBD, slightly down from yesterday and the parity continues to be broken. The trend seems to be slightly bearish.
Overall opinion: The entire market seems to correct, including STEEM and SBD. The SBD to STEEM ratio is on a slightly bearish trend, which means we may see parity again, as soon as the end of next week.
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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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
I knew the market was gunna take a tumble, it was getting a little ahead of itself lol Sold at 1110 and got back in at 10450 !
Making money in this crazy bumpy ride. Have fun and earn big.
Maybe I have good statistic charts for you that helps also for investing in Steem.
https://steemit.com/steemit/@sevenseals/steem-statistic-charts-week-07-including-country-statistics
Hope that it is just a natural retracement in preparation of another bull run and have no impact of Visa Duplicate charges for coinbase customers...
Mother of Crypto Bitcoin Is Number 1
I like the "evolution" chart...really, it is an evolution...into the revolution...of the money institution...economic fruition...wealth distribution...banking destitution...people's power restitution... xD
As you said, this is nothing to be scared about... this is just a natural correction of the bull run we have had since last week thanks to all the positive news after that month and a half of FUD.
Thanks for sharing! The energy is flowing. Stronger and wiser together we're growing.
Small drop in the market after few very good days
I think the dive in price happend because of the big gains in btc value. Often when btc gains a lot we see the alt coins drop in btc value because many are moving their assets to btc so they can ride it up.
yes, but this time the entire market drops a bit
Consolidation isn't a bad thing, it helps strengthen the market at current prices.