Market Snapshot - February 28th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were predominantly red, with only 3 assets in green: Bitcoin, EOS and IOTA.
Losses of the other assets are relatively small, though.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.40 on Coinmarketcap, slightly down from yesterday.
On Bittrex, the 30 minutes chart shows a flat line for almost 10 hours, then an abrupt dive to 30.5k satoshis.
The 1 hour chart shows a consistent downwards pressure for the last 3 hours.
The 1 day chart indicates that the 30k satoshis resistance level is about to be broken.
SBD was trading, at the moment of writing, at $3.76 on average, slightly down from yesterday. The 30 minutes chart on Bittrex shows the same consistent bear pressure seen in the STEEM charts.
The 1 hour chart shows an acceleration in the downwards trend, the last dive slope is steeper.
The 1 day chart is bearish with the resistance level at 33.5k satoshis looking feeble.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.105 STEEM with 1 SBD, slightly down from yesterday.
Overall opinion: The last day of February finds the markets in a rather cautious mood. No news so far from China, neither confirming, nor rejecting the recent rumors about lessening the crypto pressure. If there's no positive news by the end of the day, the bear market may take the upper hand. STEEM and SBD are just following the bigger trends for now.
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.
Wanna know when you're getting paid?
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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 |
Meanwhile we can expand the steem universe with every post, every conversation and every word we decide to use growing our accounts and enjoying the time when the price starts to go up.
That's the attitude!
The one good thing about SP is that we can't really take impulsive decisions to sell it all if the market dips one day. It protects us from our foolishness, may be I should buy more now :D
Now that's an interesting thought. Productive, too :)
We need to wait up on china for today and hope for the best. The market keeps fluctuating and making market dealings abit tricky
So China is holding everyone to ransom now. Let's wait and see what happens.
Good call :)
Crossing fingers for good news from China, we could really use a healthy March grow :-D
steem is badly down at the moment we need quick pump ups
Steem is probably a little more resilient than most of these. I'm thinking this is a good time to buy in for long term growth :)
SMT should have happened by now, judging from what I've been reading about it, but the date keeps getting pushed back? I think SMTs will push the price of Steem upwards due to increased demand.
[I'm not a financial adviser haha, I'm just some guy on the Internet]
@dragosroua this actually a good one indeed i really want sbd to increase as btc
so many thanks for this update information..dear..
Really you are giving very good Information sharing with us, I love your post my dear friend @dragosroua thank you for this post