Market Snapshot - August 16th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were predominantly bearish, with 8 of them in red, and 2 in green.
After yesterday's spike, Bitcoin is flattening over $6,000. Markets seems to be going mostly sideways.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.85 on Coinmarketcap, slightly down from yesterday.
On the hourly chart, STEEM is trading sideways, between 14k and 13k satoshis, currently just above 13.1k satoshi
The 1 day chart is still on a bear trend, and we may see the price testing the 10k satoshis level if no reversal will take place soon
SBD was trading, at the moment of writing, at $0.97, slightly down from yesterday and still at the peg.
The 1 hour chart shows no significant change, trading sideways around 15k satoshis
The 1 day chart is relatively stable, so significant changes
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.145 STEEM for 1 SBD, up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: We're seeing mostly sideways trading for Bitcoin in the $6,000 - $6,500 corridor and the alts are constantly going down. The market looks very similar with the "expectation" stage we experienced before the last bull run, last year.
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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Trading range again.
Yesterday was the bull traders turn. Markets reacted to previous days losses with a nice bull run. Bitcoin had a retracement at the end of the day after reaching $6500 as seen in the 4hr chart. This morning the market seems to point towards the same target but volume is decreasing and stochastic shows overbought so if bulls cannot take a clear control the day may just be in a trading range again.
EOS had a flat day and is still not able to reach the $5 level. Volume remains stable and stochastic in the overbought levels, no clear trend in either direction.
STEEM tried to move the price up in the morning but ended up retracing again when it reached $0,9 level. It retraced down touching the support line again and now is trading in the $0,85 level with no clear direction yet.
I think BTC has gone into a consolidation period again. We will go sideways for a couple days. All alt coins like STEEM always follow BTC movement. When BTC down, Alts are even more down, when BTC up, Alts outperform. Considering BTC dominance has been going up pretty fast, I think the prices will start stabilizing.
Xrp is back to the same point haha this coin has played more than anyone else in pump and dump
Steem price ia still very low. But we will hodl on to the end. Those who joined steemit in the days of $2-4 per steem are finding it unbelievable.
Markets are crazy low...almost low enough for me to buy
Hopeful about steem and sbd. Market is going lower ay by day
i Just heard a good news that USA citizens now buy bitcoin via the ticker CXBTF, What are your views about this news, How market will react on this news?
The market is just moving sideways with a hint of red. I thin we might touch 7K and then come to test 6K again. I now thing that this market if going to last the whole year and then some.
That being said, we are still in the game.
Market is still in un stable condition. Price if steem is very low.
Market low day by day...its very sad news to steemit comunity...