Market Snapshot - March 10th 2018

in #steem6 years ago (edited)

Top 10 Cryptos

At the moment of writing top 10 assets were all in green, 6 of them posting double digit gains.

Screen Shot 2018-03-10 at 9.59.29 AM.png

Bitcoin bounced back to above $9,000 after it went as low as $8,500 yesterday. The market bounce, although encouraging, doesn't ye make for the losses of the precedent days.


At the moment of writing, STEEM was trading, on average, at $2.68 on Coinmarketcap, sharply up from yesterday.

On Bittrex, the 30 minutes chart shows a consistent upwards slope, on increasing volume

Screen Shot 2018-03-10 at 9.59.43 AM.png

The 1 hour chart shows that yesterday dive is almost completely recovered.

Screen Shot 2018-03-10 at 9.59.43 AM.png

The 1 day chart is very slightly bullish: after a small red candle with a very long downside wick, today seems to form a longer green candle.

Screen Shot 2018-03-10 at 9.59.57 AM.png

SBD was trading, at the moment of writing, at $2.66 on average, up from yesterday. The 30 minutes chart on Bittrex shows an upwards slope, but with a smaller angle than STEEM and much bumpier.

Screen Shot 2018-03-10 at 10.00.21 AM.png

The 1 hour chart indicates potential stabilization below previous high.

Screen Shot 2018-03-10 at 10.00.28 AM.png

The 1 day chart confirms the decoupling of SBD from STEEM noticed a couple of days ago: SBD is still going down, while STEEM is slightly bullish:

Screen Shot 2018-03-10 at 10.00.42 AM.png

SBD to STEEM Ratio

At the moment of writing, according to, you could buy 1 STEEM with 1.011 SBD, down from yesterday and we're slightly under parity.

Screen Shot 2018-03-10 at 10.01.11 AM.png

Overall opinion: Markets are bouncing back after last week carnage. STEEM and SBD recovered both in Bitcoin and fiat, which indicates bullish sentiment. SBD is decoupled from STEEM and heading back to the peg.

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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Thanks for the info @dragosroua, Thank God the market is going green again, but I'm sacred, why? Steem is beating sbd now. What will happen to the payout formation and what If sbd falls back to $1, will it rise again?

Happy to see end of bearish market at-least for now...Hope it continues the bull run!

I wouldn't call this a bull run, more of a bouncing back. It has to go over the previous highs of last week to be called a bull run, IMHO.

True, we were in the market that's why can easily interpret it as a bounce back but the new investors can see as a start of bull run, hence may jump in harder.

Good to see the market is trending.

Let's hope for the best.

I think it's going to be roller coaster for 2-3 months and it's gonna grow in December just like last year. What do you think?

Nice to see a sea of green!

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A textbook bounce back after hitting the support around 8500-8800$~

These greens come as a sigh of relief to me. It was also good to know that this collapse and the previous collapses were due to the mt Gox trustees selling off their cryptos. This helped keep our minds cool in circumstances like these. Even after this some people have panic sold their alts taking a huge loss.

Also i am among the worst hit in this case. I have lost most of my portfolio. I own some pirl and bytecoin. They both took a huge hit. Since i hodl them as investment i am not that much bothered.

I also own some steem and SBD that i earned here but i am confident that the steem and sbd will continue to perform better.

This dip was also the best time to buy but unfortunate my KYC is still pending with exchanges. I looks like it will take another 2 weeks to complete this KYC process.

Hope btc will go up,fed up with this crashes.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65248.25
ETH 3471.40
USDT 1.00
SBD 2.51