Market Snapshot - July 15th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were predominantly bullish, with all 9 of them in green and 1 in red
Bitcoin is almost at $6,300, while all the other assets are more or less stationary or bullish.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.31 on Coinmarketcap, almost identically with yesterday in fiat, and in BTC.
The 1 hour chart is still flat around 20k-21k satoshis
The 1 day chart is stationary at 20k satoshis, for 4 days in a row
SBD was trading, at the moment of writing, at $1.09, same as yesterday.
The 1 hour chart identical for the last 40 hours, around 17k satoshis
The 1 day chart is stationary around the same level
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.823 STEEM for 1 SBD, identical with yesterday, and under parity.
Overall opinion: Markets seem frozen, and STEEM / SBD didn't move a needle. A flat day in crypto all over the spectrum.
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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Most assets were just trading sideways yesterday but we had a couple of interesting signals.
Bitcoin managed to cross the 200 MA after several attempts and what is interesting is how the bulls defended that area strongly when the bears started to sell again, that can be seen on the two candles with a big lower wick in the 1hr chart. Now 100MA is approaching the 200 and if they cross it will be a stronger signal of upper movement.
EOS shows the same pattern but with a smaller scale, it is just a signal the asset is following bitcoin dependency with no additional own important trading signs. Here both moving average lines are just touching and the price is slightly above both of them.
STEEM is almost similar to EOS, trading over both MA lines at just $1.3. We will see if we have a strong movement on either direction today or just another flat day to end the weekend.
I guess the next bull run can only start after CBOE ETF approval...
Not too optimistic about these Wall Street moves. If anything, they allowed Bitcoin to be shorted and, as long as you can make more money by shorting Bitcoin, the price will be pushed down. Will see.
The next etd license can highly effect the prices of bitcoin.no boby can predict for now
Looking jumps in the graph. Today is better then yesterday. Hope future will also better than today
Looks good till now but weekend sunday lot to happen yet lets see :)
Bitcoin holding above 6000 $ is not bad at all... Considering all the bullish trend...
You probably wanted to say "all the bearish trend"...
Yeah, pardon me... I was a bit sleepy an hr ago when I wrote the comment... :)
I woke up and first thing I did was read your market report...
July seems bearish month.
very informativ post.
the btc rate is going down continously and it also effect the alt coins ....if it breaks the support of 5800$ then btc rate can be 5200$........
i am waiting eagirly for SBD And steem to rise :)
Beter than yesterday good day for many coins