Market Snapshot - August 17th 2018

dragosroua (74)in #steemit • 6 years ago

Top 10 Cryptos

At the moment of writing, top 10 assets were moderately bullish, with all of them in green.

Screen Shot 2018-08-17 at 10.27.08 AM.png

Bitcoin is testing $6,500 upwards while the rest of the assets are displaying technical recoveries (meaning the volume is not relevant enough to warrant a trend reversal, it's mostly profit taking).

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $0.92 on Coinmarketcap, sharply up from yesterday.

On the hourly chart, STEEM gained 0.5k satoshis in just one hour, on significant volume, and it still looks bullish.

Screen Shot 2018-08-17 at 10.27.27 AM.png

The 1 day chart shows a very small correction upwards, but we're still in a downtrend channel

Screen Shot 2018-08-17 at 10.27.32 AM.png

SBD was trading, at the moment of writing, at $0.99, slightly up from yesterday and still at the peg.

The 1 hour chart shows sideways trading, as it should be

Screen Shot 2018-08-17 at 10.27.46 AM.png

The 1 day chart is also stable, so significant changes

Screen Shot 2018-08-17 at 10.27.52 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 1.070down STEEM for 1 SBD, up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.

Screen Shot 2018-08-17 at 10.39.32 AM.png

Overall opinion: We're seeing a moderate correction upwards, after the CBOE Bitcoin futures expirations a couple of days ago. In the bigger picture, markets are still trading sideways, though. STEEM had a nice jump and may seem able to start its own upwards climb, if more volume will come in. SBD is maintaining the peg.

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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6 years ago in #steemit by dragosroua (74)

$1.48

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santigs (51) 6 years ago

A little uptrend reaction has been in place for the past hours. Expiration of CBOE futures and launch of "Swedish Bitcoin ETF" may lead the markets towards the expected reaction.
Bitcoin 1hr chart shows how the price has crossed the resistance again and reached the $6500 level twice in the past hours crossing all MA lines. If volume keeps coming in, we may see a bullish weekend.

Screen Shot 2018-08-17 at 08.58.52.png

EOS is pointing towards $5 ramping up to the 200MA line after crossing the 50 and 100 ones. Volume seems to start coming in again and if the market crosses the slow MA we may see the asset getting out of the downtrend channel again.

Screen Shot 2018-08-17 at 08.59.18.png

STEEM had a huge bullish push last midnight which helped cross both 50 and 100 MA and is now on its path to the 200 MA line. If it manages to cross it we may see the $1 level value soon again.

Screen Shot 2018-08-17 at 08.59.37.png