Market Snapshot - August 7th 2018

in steemit •  7 months ago

Top 10 Cryptos

At the moment of writing, top 10 assets were more or less stable, although they look bearish, with 8 of them in red and only two in green

Screen Shot 2018-08-07 at 11.11.54 AM.png

Bitcoin is back over $7,000 ($7,039) after hovering under this level for most of yesterday. The other assets are trying to keep it up, but some of them are hurting bad, like MIOTA, with a double digit loss.


At the moment of writing, STEEM was trading, on average, at $1.17 on Coinmarketcap, almost identical with yesterday in fiat and in BTC.

On the 1 hour chart, STEEM is maintaining the 16.5k satoshis level obtained a couple of days ago.

Screen Shot 2018-08-07 at 11.12.12 AM.png

The 1 day chart is stable at the same level, 16.5k satoshis, for the last 3 days.

Screen Shot 2018-08-07 at 11.12.18 AM.png

SBD was trading, at the moment of writing, at $1.07, almost identical with yesterday, in fiat and in BTC.

The 1 hour chart shows the same stability around 15k satoshis

Screen Shot 2018-08-07 at 11.12.38 AM.png

The 1 day chart looks to enter a more healthier sideways trading pattern, at least for the last 10 days

Screen Shot 2018-08-07 at 11.12.44 AM.png

SBD to STEEM Ratio

At the moment of writing, according to you could get 0.906 STEEM for 1 SBD, down from yesterday, and under parity. SBD printing rate is 8.33%, down from yesterday.

Screen Shot 2018-08-07 at 11.13.20 AM.png

Overall opinion: Markets are stabilizing after an hesitant start of the week. STEEM and SBD are surprisingly stable.

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.

Dragos Roua

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The markets are on a trading range since the beginning of the week.
Bitcoin has been up and down the $7000 level which is the 62% Fibonacci retracement line. It has just crossed the 200 MA line this morning. We need to see if that level holds and the market recovers its previous day's losses.

Screen Shot 2018-08-07 at 10.52.22.png

EOS trading range is on the $7 level, where now both 200 and 100 MA have met. If bulls keep pushing up, next resistance level will be at the 50 MA line.

Screen Shot 2018-08-07 at 10.52.48.png

STEEM has also crossed both 200 and 100 MA lines and is trying to reach $1,2 levels after three days ranging below that price level. We need to see if bulls can push the level up too.

Screen Shot 2018-08-07 at 10.53.14.png

I think Stellar is the climber on the top ten table. Good news this summer and good business model

It was cool that I tethered at $8000. I am technically in about 14% profit:)

Am so curious to know what will happen if the exchange of steem to sbd is 0.99 to 1 sbd, or better still, 1:1. Whats the consequence of that?
To me, this is the the highest value seen so far of yesterday and today.

Hopefully, good days are coming soon. A lot of good news but not a move up. but In September I hope this bear market will come to end.

Steem is at the best buying position good for investors to buy a bag full of that

Cryptos are down but not out. Thanks for the update.

in my prediction...... btc price will hit 8k once again in this month

Many coins are going down. Its bad news for crypto investors

the market price of bitcoin is getting increase again

After every fall there comes a rise . No problem good days will also come very soon and will move forward then previous positions.

I wish steemit good time coming soon . I am very sad because bitcoin market down again .
Thanks for sharing @dragosroua

Market is recovering, I hope it will keep moving liKE THIS.

Amazing, you always perform excellent work