Market Snapshot - April 7th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were relatively bullish, with 9 in green and only one in red.
The only red asset is EOS, which makes today the perfect mirror of yesterday, when EOS was in green. As observed yesterday, the bear pressure seems the fade, so all crypto assets are starting the usual weekend recovery..
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.79 on Coinmarketcap, slightly up from yesterday.
On Bittrex, the 30 minutes chart shows a sideways trading corridor, between 25k and 27k satoshis.
The 1 hour chart shows stabilization around 26k satoshis:
The 1 day chart indicates that not too much swinging is in place, suggesting a lock in of the previous days gains.
SBD was trading, at the moment of writing, at $1.98 on average, slightly up from yesterday.
The 30 minutes chart on Bittrex shows a another upswing, between 28k and 32k satoshis, followed by a rapid correction:
The 1 hour chart a potential stabilization (and a new resistance threshold) around 28.5k satoshis.
The 1 day chart indicates indecision around the same level, 28.5k satoshis:
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 1.116 STEEM, slightly up from yesterday.
Overall opinion: As usual, during the weekend, when institutional money is not that present, market tends to get bullish. SBD got another weak pump, while STEEM is stabilizing. With weakened bear pressure, and potential news about new developments (communities, SMT) we may expect an increase in bullish sentiment around the Steemit ecosystem.
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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Your picture is from yesterday where it was opposite, only EOS in green :-)
Yeap, you're right, corrected now :)
Hope you are right and Steem recovered a little...
What i like a lot about the Market Snapshot is that you are adding as well the SBD to Steem Ratio...few times after reading your blog and find out the great ratio i have transfer sbd in to steem!
Let's hope that SMT's will make a difference as everybody is waiting for them!
Till then all we have to do is Steem On!😉
As i'm reading this and went to check coin market cap, you are right, the bearish market seems to be fading, most of the top 10 are going into green right now! weekend bonanza inc?
I so glad i get som EOS few weeks ago look like this is the only one in th right direction
Slowly slowly recovering but who knows when the another dump will be
advice is very useful and I will follow your news
Today market is green....
Steem and sbd are still giving out the invite to buy more, there's no loss here only a lot of gain. EOS has joined the crypto market and has to dance to the tune
Nice to see it price is go up alittle bit thanks for your information