Market Snapshot - February 27th 2018
Top 10 Cryptos
At the moment of writing all top 10 assets were predominantly green, with only 1 asset in red, ironically, Litecoin, which was the only one in green yesterday.
There are some rumors about China lessening their crypto clampdown starting February 28th, and NEO ascension, with over 20% growth, may confirm that. At the same time, it can be just a rumor and a bull trap.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.60 on Coinmarketcap, up from yesterday.
On Bittrex, the 30 minutes chart shows the same spiky trading we've seen over the last few days, in the 34k-33K satoshis corridor.
The 1 hour chart shows a gentle downwards slope, with the same spiky look.
The 1 day chart shows the 7th consecutive day of stagnant price (small variation, almost same price every day).
SBD was trading, at the moment of writing, at $3.98 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows a few attempts to break up, eaten up and followed by corrections.
The 1 hour chart shows sideways trading, between 38.5k and 36k satoshis.
The 1 day chart is predominantly bearish, although price variation is still small.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.116 STEEM with 1 SBD, down from yesterday.
Overall opinion: A small spike in Bitcoin price leveled up the markets a bit, but we're still on cautious territory. STEEM and SBD are mostly sideways trading with SBD keeping its gentle trend down.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Happy to see GREEN market... Things look really bullish at the moment with huge positivity with the BTC lightning network testing.. Hope STEEM also catches bullish sentiment..
More sbd pump ups waiting for it friday will work i guess ;)
Overall, bear market aka down trend today.
I'm guessing the price rise of Neo is thanks to the ONT airdrop maybe?
Don't know details, I just made the correlations available with my limited amount of info. Might be because of that.
I don't hold any interest in NEO and other than knowing it's a rewrite of Antshares, a Chinese Ethereum clone, I know pretty much nothing about it.
I am still waiting for bitcoin to hit 12000$ again. As soon as that happens i could see sbd also hitting $5 or $6. When this happens i will use my bitcoin to buy some altcoins and diversify my portfolio. $14500 was the price of bitcoin when i got in.
Steem is going sideways and its signal is still below zero in the MACD indicator. Its a still a bear market for STEEM. And as for Bitcoin, it bounced back when it touched 9280 and is climbing up. But the market of cryptocurrency today is better that yesterday and a couple of days ago. We will see about what will happen in a couple of days.
I get the impression the period of wacky volatility is over, it's been suspiciously quiet in crypto land.
only bitcoin is rallying up but will not be able to break the new highs
We should know this update information as a crypto user. i don't want invest here but as a steemians i read your post to know what is the present condition of crypto currencies.
Tides are turning, we can see. I just hope steem and SBD, SBD in particular, wakes up from slumber and show us some love.