Market Snapshot - July 18th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were extremely bullish, with 9 of them in green and one in red (Tether)
Bitcoin pierced up through the technical $6,800 level like it wasn't even there and is now posting double digit growth after many months of bear market. All alts are following suit, and some of them, like Stellar, are posting more than 20% gains.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.65 on Coinmarketcap, up from yesterday in fiat, and in BTC.
The 1 hour chart is quite bullish, going twice over 23k satoshis and now correcting around 22.5k satoshis
The 1 day chart is finally a bit more consistent on the uptrend, with 3 consecutive green candles
SBD was trading, at the moment of writing, at $1.36, up in fiat from yesterday, but slightly down in BTC.
The 1 hour chart is following STEEM pattern relatively close, trading now around 18.5k satoshis
The 1 day chart is also a bit bullish too
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.838 STEEM for 1 SBD, down from yesterday, and under parity.
Overall opinion: Bitcoin strong uptick over the key resistance at $6,8k suggests a trend reversal, but it still remains to be seen if the gains will conserve over the next weekend. STEEM appreciated in a promising way and SBD is trading again above the peg (I adjusted my price feed bias a couple a days ago). SBD printing rate increased form 29% to 36% over 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.
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More and more green volume let all crypto assets develop a nice uptrend. Global market cup almost reached $300b again.
Bitcoin punched the $7500 resistance line in Coinbase. It was a surprise how fast it gained that level which can be a signal of how strong it may raise once the market consolidates a clear reversal. I still think we need the price to reach $8000 to be on a real uptrend, but the way things are unfolding is promising.
EOS managed to hit $9 value and touch the upper line of the downtrend channel before retracing. If the price clearly crosses that level we could see the price start the bull race towards previous highs.
STEEM also had a nice bull run as volume came in and managed to break the descending triangle. It is approaching the $1,9 level of previous high. 200 and 100 MA just overlapped showing the bullish direction.
Nice to see that STEEM is recovering a little. But vs BTC, there seems to be some resistance around 0.0003 BTC-STEEM. I really hope STEEM can climb above that resistance :)
What a great recovery for STEEM and SBD... should never under estimate power of steem , it has the potential to bounce back strongly!
I am very happy to see this jump in all coins. Last some days are tealy good for crypto.
Very happy to see this positive change in currencies.
USDT has got a lot of volume today after the spike hahah seems like everyone is taking profit early ;)
I take this as omen of coming good days...
I must say that I have enjoyed SBD close to peg as steem/steempower is created.
I am so happy this news that all coins jump is slowly . I am excited in my work side . This is a great recovery of steem .
Thanks for sharing @dragosroua
A very good day for crypto. Thanks for sharing
Coins mentioned in post: