Market Snapshot - April 22nd 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bearish, with all 8 of them in red and only 2 of them in green.
All corrections are under or around 5% so it seems like a normal market correction, so far.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.03 on Coinmarketcap, down from yesterday, but still above $3.
The 1 hour chart shows stabilization around 34k satoshis after yesterday's correction
On the 1 day chart looks like the bullish channel of the last few weeks has been broken and we may expect more sideways trading or consolidation.
SBD was trading, at the moment of writing, at $3.15 on average, down from yesterday but still above STEEM.
The 1 hour chart shows cautious trading and a potential stabilization around 35k satoshis
The 1 day chart shows a smaller correction that for STEEM
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 1.038 STEEM, slightly down from yesterday but still above parity
Overall opinion: The acceleration of the bullish trend across the entire crypto was quickly stoped with a small correction. Both STEEM and SBD are resilient.
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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Slight bearish mode is good to prepare start for another bull run...
Do you is very common to have people doing chart trading? Personally, I don't think this is so beneficial, because the price of bitcoin is driven by the future speculation, and not that much of consolidation...
I'm curious to see you view on this...
Although the entire crypto market is driven mostly by speculation at this stage (read: emotions) a significant part of the trading is now done via bots and these bots are engineered to use various TA algorithms. For that part of the market, which is relatively small now, TA still applies. TA = Technical Analysis and I suspect that's what you mean by "chart trading"...
Yes, TA is what I meant with "chart treading", although I think the bots are using more advance data analyzes techniques.
New bitcoin ascending triangle in the 1hr chart. Let's see if this time we finally penetrate the $9000 resistance after yesterday atempt.
This week was great for crypto investers and steemit users.
Steem.suply is your website?
I'm going to vote for witness.
Thanks for creating this wonderful website.
Thank you for your support, appreciate it!
Your always welcome!
You work deserve much better than that bro!
Your work.is awesome!
I find this technical analysis quite informative but though not really encouraging when it comes to SBD and steem. But I'm still grateful as there's still hope.
It's a beautiful thing to see EOS in green shining armour. I hope steem goes up much better this week.
Look like the market is been stable a bit , however we still have big trading volumes which can jump everything up
Alts back in the green rally lets see bitcoin where it will head
I am surprised, when BTC goes up steem is sometimes little down and yesterday BTC was decreasing but STEEM was constant.
still glad that steem value is above 3$. So only little impact on steem price. It means steem show some stability in coin market. Hopefully it will rise. Thanks for sharing @dragosroua
I expected a little correction aftet the bull run, good that steem and sbd are resilient, we still good