Market Snapshot - April 13th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were strongly bullish, all in green, with 9 of them posting double digit growth numbers.
Yesterday's unexpected spike, which sent Bitcoin above $7,000 in less than an hour (from $6,500) seems to be holding. Market sentiment is, at the moment, strongly bullish.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.92 on Coinmarketcap, strongly up from yesterday, with more than 43% net appreciation.
On Bittrex , the 30 minutes chart shows 3 consecutive bull runs, with the third one being, in percentages, higher than the first one. This is also happening on very big volume.
The 1 hour chart shows an impressive green candle, which took STEEM from 35k satoshis to 42.5k satoshis in just 1 hour
The 1 day chart shows 2 consecutive strong green candles (with the current one in ample correction, though):
SBD was trading, at the moment of writing, at $2.62 on average, strongly up from yesterday, but with a smaller appreciation, compared with STEEM, just 32%.
The 30 minutes chart on Bittrex copies the STEEM behavior, only with lower highs:
The 1 hour chart shows a relatively strong growth, but with steeper correction
The 1 day chart shows that this recent spike is still under the one we experienced a couple of weeks ago
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.902 STEEM, down from yesterday and we're below parity.
Overall opinion: Markets are rejoicing a strong bull trend for now, although it's not yet clear which may have caused it. SBD is still tightly coupled with STEEM (although is going gently down) so any appreciation of STEEM is taking SBD for a ride too. The overall trading volume of yesterday for STEEM, $130 million, is the highest in the last 30 days, but below the $346 million recorded on January 25th this year, which may suggest there still might be some room to go up for STEEM.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Strongly bullish indeed :-D for a few hours yesterday steem broke the 40k! if the market remains bullish for the rest of the weekend, we may be able to easily pass over the 50k mark but i feel i'm getting greedy and we should be thankful already for our little bull run :-D
if it will pass 50k it will be a big achievement, but I think we need a lot more support for this (positive news, developers update, big institutional money coming in). But hey, it may happen even without that, as markets are always right :)
This is really cool day....☺😇😂😎
These market movements are quite interesting, although bitcoin reached 8000$ is still fighting with that resistance and remains in the bearish channel, so this could be a bearish correction. But it's still nice to see STEEM and SBD increase in value. By the way, i had time without seeing STEEM worth more than SBD
Good morning! It's always a pleasure to see the chart go up ... After many days of uncontrolled descent ... How long will it last?
until it finishes, I guess
Being able to predict the future, we would all be richer ... I have read articles of technical analysis that bode well ... Even if, in a market like that of the Crypto, it is enough that someone raise the voice that all analyzes lose value: o (((
At least SBD is losing value in front of Steem, I guess. This bullish market clears a bit of my overall despair. <3
join the club :)
stop looking at usd values. USD values will always go up or down with bitcoin. If you want to get a true look at relative gains/losses look at btc value
Agree, that's why I always look at STEEM / SBD in satoshis in these daily snapshots.
Everything is badly up today after a long time damn :D
Steem is seriously on a bullish run and sbd is just crawling behind. This is great for the crypto ecosystem and I am seriously expecting more
This is why i love it. Almost every coin is in great pump and profit. The potentiality of steem always leave me in shock.
I hope that market will go to this move straight. Thanks for sharing it.
Hope uptrend remains continue :-)