Market Snapshot - August 13th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were mixed, with 5 of them in green and 5 of them in red.
After Bitcoin went above $6,300, all alts are recovering as well.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.96 on Coinmarketcap, almost identical with yesterday.
On the 1 hour chart, STEEM is now trading at 15.3k satoshis, stabilizing after going as low as 15k satoshis for 16.5k yesterday
The 1 day chart seems to be stabilizing around 15-16k satoshis
SBD was trading, at the moment of writing, at $1.02, almost identical with yesterday, in fiat and in BTC.
The 1 hour chart shows SBD depreciating slightly in Bitcoin, keeping its peg
The 1 day chart is entering a flat trading corridor
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.032 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: A technical bounce after yesterday's carnage. Still very early to tell if the downtrend has stopped. Looks like markets are taken for a run by speculators, amidst rumors of an approved Bitcoin ETF at the end of September. Stay safe.
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 | |
Downtrend stopped yesterday but the markets are still deciding if they are ready for a reversal.
Bitcoin hourly chart had a big bull candle yesterday afternoon and has been creating a symmetric triangle since then, it managed to cross the 200MA and volume has been decreasing getting ready to break on the up or downside. Market trading around $6300 now.
EOS has a similar pattern, the market reacted up yesterday and today is slightly gaining price but still not reached the 200 MA. Volume is still considerable and price trading around $5,1
STEEM still trading below $1. It had a strong bull reaction yesterday evening punching the 200MA and then retraced strongly. Volume is decreasing and there is no clear market trend yet. Stochastic is on the upper area but not showing clear overbought signs.
Nice analysis up there.
It's will take some time to the market to cover up from the drop in the last few days
Happy to see this change, But I was noticing the move by btc, One big whales can move the market in either way. Btc Dominance is the reason, alt are not moving along with the btc.
Good to see some green back in the market. I am particularly happy with the Stellar Lumens and Litecoin. Obviously we are far from recovering the lost ground but still.............
Regards @dragosroua
Do you think the bull-run will start this month or we'll wait more than the moth of August? Do you know annything about bts(bitshares) It is a good investment for the Future?
Thanks
I have no idea about the bull-run. Only markets know that. A for BTS, I think it's a good project, but you should invest based on your own judgement. :)
many thanks as always @dragosroua what goes down must come up hopefully soon
Great news I am glad to see this....i hope rate of bitcoin will never down....
EOS move some change, that's make me happy. Thanks for share
Good to know bitcoin is rising.hope it will not get fall now.it is not consisting it's position from many months.
Only DGB has managed to weather this storm, considering it Satoshi value in last 6 months.