Market Snapshot - March 12th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were all in green, following a Bitcoin rebound above $9,000.
Although consistent, the gains don't make up for the last week losses, keeping the market still bearish.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.56 on Coinmarketcap, up from yesterday.
On Bittrex, the 30 minutes chart shows another attempt to break over 28k satoshis, followed by a correction back to 26.5k satoshis
The 1 hour chart shows the failed breakup kept the price in the same 26k-28k corridor.
The 1 day chart is showing a very small green candle with an upper week, which can be read as: "consolidation on a bear trend".
SBD was trading, at the moment of writing, at $2.60 on average, up from yesterday. The 30 minutes chart on Bittrex shows the same breakout like on STEEM chart (and it's probably the cause of that one too).
The 1 hour chart shows that the spike somehow managed to keep the price just a tad higher than before.
The 1 day chart shows a very small rebound, on insignificant volume:
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1 STEEM with 1.016 SBD, slightly up from yesterday but basically at parity.
Overall opinion: Markets rebounded strongly during the weekend, but they're taking a flat turn now. SBD rose slightly above STEEM again, while both currencies are maintaining their current value in Bitcoin and appreciating slightly in fiat.
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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The bitcoin sell-off appears to have been stopped with Mt. Gox BTC selling be mostly over by now.
Green day
Detailed information about crypto Thank you for this effort
I do not know whether the product will return to its previous level or not
Steam falls to its lowest level
Since its creation
On which hope is best in the days
Coming
great to see some green green. Thank-u @dragosroua for the brief update
Your crypto market update information really very helpful for every crypto user. Every investor can follow you to get update information from your post.
It Help full but not enough that you upvote it, I think its to much helpfull
Its good that market is going up although this growth is very small but it grow
Its time to hold hope price of SBD is also go Up soon its a little bit growth
Thanks for sharing information
seems good that steem and bit coin gains some pace. Thanks for sharing @dragosroua
Green day everybody :)
sooo what your telling me is this is super depressing...
Hey nice dude👍 Yea stem is basically parity with SBD. Would need a good pump in volume for btc moving up to reflect on these ‘better’ alts. Was gettin in at 3200 sats but glad I’m following you. Thanks for your post mate