Market Snapshot - July 1st 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were slightly bearish, with 7 of them in red, and 3 of them in green: Ethereum, Cardano and IOTA.
This seems to be a small correction after yesterday big jump.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.69 on Coinmarketcap, sharply up from yesterday in fiat, and in BTC.
The 1 hour chart shows a very sharp uptrend, on significant volume, in which STEEM gained more than 6k satoshis
The daily chart shows two consecutive green candles, very long compared with the previous red candles
SBD was trading, at the moment of writing, at $1.24, up from yesterday in fiat and in BTC.
The 1 hour chart is showing the same uptrend, but with a smaller amplitude
The 1 day chart is showing a stabilizing candle after the price broke up through 19k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.726 STEEM for 1 SBD, down from yesterday, and under parity.
Overall opinion: Bitcoin is trying to stabilize around $6,400, while STEEM got a significant infusion of value. While I'm enjoying the rise in STEEM's price, I'm still cautious until I see a more consistent trend forming - which may happen, if the price holds, by the middle of next week.
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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Cautiously optimistic here too. Hope Steem shots to the moon!
Come on, guys. SBD's are worth $1. Stop buying them for more.
Nice rebound this time for Steem. Awaited rise...
Finally, we got some action this weekend. After yesterday nice pump, Bitcoin is stable around $6400, the volume is back to prior pump levels and the price is getting closer and closer to the upper trend line just trading over 100MA line.
EOS had a smoother pump and has been trading stable around $8 during the past 30 hours slightly above 200MA line.
STEEM was king of the market yesterday. Big volume got in and raised the value breaking the downtrend channel up to $1.86, punching the 50MA line. Now a retracement is taking place. Not clear what was the reason of the sudden pump but it is good to have some nice bull action after so many days into the same direction.
One thing is for sure, i prefer to see STEEM rising then going under...i'm still expecting for steem to go into parity with SBD, hopefully this summmer ;)
Only 3 out of 10 are green. Remaining are in red so the overall market is bearish. Glad to see that Steem is again on track but a little bit disappointed due to low SBD Steem ratio. Thanks for sharing @dragosroua
Good thing about the recent slump is that it has brought SBD back to near 1$, just where it's meant to be...
Lets hope SBD stays here and steem appreciate.
Finally, hodling is paying off.
Informative post , thanks for your information .
Good job , carry on .
Thanks for sharing @drsgosroua
Upvote you .
steem is going well in future . @dragosroua