Market Snapshot - August 21st 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were trading sideways, and the majority of them was in red.
Bitcoin is moving very little in the $6,200 - $6,500 corridor and all the other assets are following the moves, with bigger or lower amplitudes.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.88 on Coinmarketcap, down from yesterday.
The hourly chart shows a 1k satoshis loss, from 14.5k to 13.5k
The 1 day chart is still stable, but the outlook is bearish.
SBD was trading, at the moment of writing, at $0.99, identical with yesterday and at the peg.
The 1 hour chart shows sideways trading, no major spikes
The 1 day chart is also stable, no significant changes
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.128 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: The second day of the week is following the opening pattern, which is indecision. STEEM lost 1k satoshis and SBD is maintaining its ground. A new SEC announcement regarding a Bitcoin ETF is expected tomorrow and the markets are, again, acting irrationally towards it.
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 |
Bitcoin is clearly on a trading range moving up this morning after a short descent last night. Bulls are pushing the price towards the $6500 resistance again as volume slightly increases. We will have to see how this sideways trading gets broken after the SEC announcement tomorrow.
EOS lost the $5 level after a sudden bear candle unfolded last night. The price reached the downtrend channel line which acted as a support, now the bulls are in control pushing the price up towards the $5 level after crossing the 200MA.
STEEM reached the long-term support after last night drop. It is now slowly moving up with a very tiny volume increase. Price has reached the 200 and 50 MA which are overlapping and we will have to see if that level can be broken.
i think we will see the market jump up once Bitcoin will break $6,500
Patience.
Yeah Market is causious, waiting for ETF approval/rejection news... It's really stupid how market reacts to these kind of news..
Posted using Partiko Android
I just can't wait for bitcoin to rise but that time, no one knows.
As long as they don't go down for a while I would be happy. Now that my attitude is bearish, I am not expecting a bull run or anything.
I am thinking that next major movement would come as the ETF dates come by. Next one is Aug 23 for ProShares ETF.
Bitcoin going up slowly slowly......everyone hopes bitcoin rate going up soon as soon.m...everyone wait for this moment boicoin rate going up fast....thanks for sharing....
I wonder if we will still get the upswing by years end...still hoping though
steem is future man.
Thanks a lot for shearing these information. Keep it up