Market Snapshot - March 13th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were all in red, with only one asset in green.
Bitcoin is still above $9,000 but there's not much bull pressure. Interesting to see Monero again in top 10 (after NEM and IOTA took each a dive).
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.52 on Coinmarketcap, slightly down from yesterday.
On Bittrex, the 30 minutes chart shows another attempt to break over 28k satoshis, followed by a much smaller correction this time, keeping the price around or above 27k satoshis.
The 1 hour chart shows a small uptrend and the price stabilizing around 27k satoshis.
The 1 day chart is showing another very small green candle, which means "stabilization, or potential reversal".
SBD was trading, at the moment of writing, at $2.65 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows relatively consistent volume on the upwards trend, with price touching 29.5k satoshis, then slowly coming down to 28k satoshis
The 1 hour chart shows potential stabilization around 28k satoshis
The 1 day chart shows a small green candle, with the same message as for STEEM, "stabilization, or potential reversal":
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1 STEEM with 1.052 SBD, slightly up from yesterday but basically at parity.
Overall opinion: Markets are quite cautious and we may see the beginning of a potential sideways trading for top 10 cryptos until overall sentiment improves. On this sideways pattern, STEEM and SBD are very slightly bullish. It's early to say if this is just stabilization and they will enter the same flat corridor, or if they'll continue to appreciate in Bitcoin, but the sentiment seems slightly better for these two assets.
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?
|
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
Happy to see the sentiment seems slightly better for these two assets.
Very decent analysis.
Eth was spiking to 1.8K this morning for a few minutes. It was either a bug, or someone was attempting shenanigans.
most likely
SBD is fairly stable now, it might stay at $2.5 for a while. But hopefully it will rise back to $4. The market is really down for now.. a rise is eminent
Yeah. . top 10 assets were all in red, only Cardano is green!! This is a bad news for everyone, but I believe SBD will come back very soon..
Thanks for sharing Market Snapshot its good that a slightly up in ratio of steem and SBD price is also slightly up thanks for informing every day with the merket price
BTC need one good push to pass 10K level, only then we can expect bullish market...
From last few days sbd is showing a pretty stability. Hope it doesn't go down anymore and infact increases...
Sbd has slightly rising now and i hope it will rise more at the end of March. Lets hope for the best.
Although its not good but soon it will recover
sbd don't want to leave steem hahah :D