Market Snapshot - July 10th 2018

in steemit •  5 months ago

Top 10 Cryptos

At the moment of writing, top 10 assets were predominantly bearish, with 9 of them in red and only 1 in green


Screen Shot 2018-07-10 at 11.03.19 AM.png


Yesterday's downtrend seems to accentuate today, as the losses are more significant. Some tokens are offsetting the previous gains, like EOS, which is under $8 now, while Bitcoin is still above $6,500.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $1.40 on Coinmarketcap, significantly down from yesterday in fiat, and in BTC.

The 1 hour chart shows that the 23k resistance was broken and price went down 2k satoshis in just a day


Screen Shot 2018-07-10 at 11.03.22 AM.png


The 1 day chart shows 3 consecutive red candles and the previous gains are now pressured


Screen Shot 2018-07-10 at 11.03.29 AM.png


SBD was trading, at the moment of writing, at $1.17, down from yesterday in fiat and in BTC.

The 1 hour chart shows a similar loss with STEEM, only from 19k satoshis to around 17.3k satoshis


Screen Shot 2018-07-10 at 11.03.44 AM.png


The 1 day chart is becoming rapidly bearish, with the previous gains now offset


Screen Shot 2018-07-10 at 11.03.51 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 0.840 STEEM for 1 SBD, up from yesterday, and under parity.


Screen Shot 2018-07-10 at 11.04.05 AM.png


Overall opinion: The correction seems to blend into a downtrend for now, the growth seems to be blocked and the chances fo Bitcoin to reach $7,000 smaller and smaller. The other tokens are reacting even harder to this brake, including STEEM and SBD which both lost around 2k satoshis of their value in the last 24 hours.

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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Big market correction this morning which could become a trend reversal.
Bitcoin was moderate initially with 100 MA acting as support but it broke that level a couple of hours ago and now is in the $6500 level again after a big bear candle just developed.

Screen Shot 2018-07-10 at 11.19.25.png

EOS seems to have stopped going down for the moment and is trading at $7,5 level, volume has started to decrease and RSI shows oversold signals.

Screen Shot 2018-07-10 at 11.19.35.png

STEEM had a progressive continuous downtrend during the past 10 hours and not may have reached a stable level at $1,3 but we will have to see how the rest of the day develops.

Screen Shot 2018-07-10 at 11.19.47.png

The emotional rollercoaster of crypto prices never disappoints, but it's so addicting to watch and play the game :^)

its been a hard few month in the crypto markets, the bloodbath continues, the only consolation is now i can buy more steem while it still cheap

The Best thing about this whole situation is just keep Posting Content !! @dragosroua

Yep Steem is going down hard this time! I'm wondering where it's gonna stop this time? At 1.05? At 0.90? We'll see.

The bearish trends experience in the markets today is just a little correction from the bullish trends we experience for the past 3 days now , but I think the market will rebound and finish this week on a positive trends. The bearish trends will soon end

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its been a while now since the market fell in late January. am hoping to see the market cap go back to the $500B plus that we saw towards the end of last year........ fingers crossed

Market is lower then yesterday. But a good time to buy something. Hope investors will get some big reward

I was looking to buy some more EOS so for me its quite good ;) On other note, have you heard about DAN LARIMER and steem 2.0 and bitshares 3.0? What are your toughts on that, specially if it will affect steemit? :/

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I heard about it, but I'm not too worried: Steemit is 95% people and 5% tech. Just moving the tech part to a new platform won't create "a second, and better Steemit".

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Thanks for you feedback @dragosroua I'm still a bit worried but i agree with you, what makes the platform great is the people and not the tech ;)

Be patient and brace for impact... :(

it will go down more in some time i hope so then it will be the best time to invest for investors to make them strong again

Sudden dip again from nowhere seems like the futures contract has ruined the crypto

The bearish trends experience in the markets today is just a little correction from the bullish trends we experience for the past 3 days now , but I think the market will rebound and finish this week on a positive trends. The bearish trends will soon end

A little disheartening to see the market in red again. But it is nothing new and we will survive this red streak as well. Crypto has always been a long term game and for those who want to be here for a long time, need to learn ways to cope with this. I certainly am.

Crypto market heard in few month , market is lower day-by-day .

Thanks for sharing @dragosroua
Upvote you .

so much downfall that would be a very intense situation for investors :(

Showing lower then yesterday. But overall prgress in going better. Hope will see a big difference in coming days.