Market Snapshot - August 7th 2018
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
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.
STEEM And SBD
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.
The 1 day chart is stable at the same level, 16.5k satoshis, for the last 3 days.
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
The 1 day chart looks to enter a more healthier sideways trading pattern, at least for the last 10 days
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.906 STEEM for 1 SBD, down from yesterday, and under parity. SBD printing rate is 8.33%, down from yesterday.
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.
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 |
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.
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.
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.
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