Market Snapshot - April 23rd 2018
Top 10 Cryptos
At the moment of writing top 10 assets were overall bullish, with all 8 of them in green and only 2 in red.
The week seems to start on a positive note, although the fact that Bitcoin is stuck around $9,000 for 4-5 days may be a little bit concerning. If it can't go above $9,000, there is only one other option.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.13 on Coinmarketcap, slightly up from yesterday.
The 1 hour chart shows stabilization around 35k satoshis, 1k over yesterday's levels
On the 1 day chart lis almost flat for the last two days, not much happening.
SBD was trading, at the moment of writing, at $3.27 on average, up from yesterday and still above STEEM.
The 1 hour chart shows stabilization around 36k satoshis
The 1 day chart shows the same flat line for the last 2 days as for STEEM, stationary
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 1.049 STEEM, slightly up from yesterday and still above parity
Overall opinion: After the small weekend correction, markets seems to start on a positive sentiment, but not too much trading seems to happen. STEEM and SBD both gained 1k satoshis from yesterday and are keeping their stability.
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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Happy to see green color on monday...What's cooking up with Bitcoin Cash...20% gain is huge!
Thanks for the update. Nice Green Monday!
Bitcoin 1hr chart almost created a false breakout on the downside from the ascending triangle last night but things seem to be on the uptrend again this morning. Still waiting for the triangle uptrend breakout.
The market is considerably stable and that's all that matters. It is good to know that hopes won't be dashed by sudden spikes and deeps.
I'm instead worried because BTC will probably go down again and we're all going to die. Boom. Dead.
There is a consistent chance for BTC to go down in another bear wave, if it stays too much around $9,000. It will all depend on the predictions of institutional money: will it be more profitable to short Bitcoin (i.e. if it goes from $9,000 to $4,000 it will obviously be) or it will be more profitable to be on long positions (i.e. will BTC go up to $14,000 soon?).
All we can do is WW: wait and watch (please note I took out a potential "W" from there: the "Worry" - it won't help).
The market is so fun in the last few days
i can't wait we will break 9k for BTC and general market cap of 400B
I love green :* ♥
Bull is again on the way to go up. What you say sir?
Steem is acting like a rocket!
Huraaaaah!
This greens are good for the heart and eyes. Steem and SBD particularly has been on the rise.
Bring in the Lambos!!!!!
The rise in sbd is expected, lets see how the market would behave this week. Sooner than later steem won't depend on bitcoin
Why is the rise in SBD expected?
As you can see, we were in the middle of the UP to go test the resistance line around 3.60$ when we had a correction. This correction has been tested the support line at 2.85$ but that support line created a bounce. We are now back in the 3$ level and we are consolidating.
It seems the market have been hovering around the same spot for the last couple of days. I hope bitcoin will break the $9000 mark soon.
I just wished lot more country start to accept this technology. It's actually illegal in my country just due to fact that it is in India.