Market Snapshot - July 23rd 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were bullish, with 9 of them in green and one in red
Bitcoin finally broke above $7,600, which was a key resistance level. The rest of the assets are also looking up.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.46 on Coinmarketcap, slightly up from yesterday in fiat, but down in BTC.
The 1 hour chart shows significant activity and a relatively consistent volume in an attempt to break past 20k satoshis. Currently, STEEM is trading at just above 19k satoshis.
The 1 day chart is more or less stable around 19k satoshis
SBD was trading, at the moment of writing, at $1.25, slightly up in fiat from yesterday, but down in BTC.
The 1 hour chart is showing flat trading around 16.5k satoshis
The 1 day chart is also flat around the same level, for the last few days
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.852 STEEM for 1 SBD, down from yesterday, and under parity. SBD printing rate is 38.33%, down from yesterday.
Overall opinion: Bitcoin is raising a very intriguing flag by piercing above $7,600. If this price will hold by the end of the day, then the next resistance level, $8,200 may be a realistic target for the next couple of weeks. STEEM and SBD both appreciated slightly in fiat and also lost slightly in Bitcoin, but nothing too worrying for now.
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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Finally, after several attempts Bitcoin broke the resistance today. It was a strong one and every time the market was hitting it a strong bear reaction was taking place but bulls pushed hard this morning to break it.
Now Bitcoin is slowly moving up towards the new resistance, if we look at the 1hr graph, except for the last bear trap, a continuous steady uptrend has been in place for the past 40 hours, if this trend keeps in place we may end up reaching the new resistance by the end of the day.
EOS has a similar pattern, recovering this morning from last night big drop. It crossed all MA lines and now is trading towards the upper downtrend channel line. Current price is above $8,3
STEEM pattern is not as clear, the price has recovered after the big bear candle appeared last night. The market does not show a clear trend even though the morning push has sent the prices towards $1,5. We will have to see how the day unfolds as the volume is declining right now.
Tether is shady. I like what Maker's doing.
BTC is laying a very solid foundation at these levels...
yes now are looking btc to reach 8200 and if it stays there for long, we might have bull run
No i dont think it will stay at there its going faster.some predictions are here that it will cross 15000$ at the end of november.
hopefully. lets see
Good stats. Most of the coins are going up with high ratio. I have byteballs of 50 us dollars. And i have seen i last 2 days the value of byteball is oncreasing. 1 dollars value increse on 50 dollars. That is good week for crypto currencies.
I really want to see steem go high as much as it can by end of August.
Am glad things are getting a little bit better and stable.
Sir, I want to know that,If bitcoin price $60000 in 2018 . We will see Steem /sbd price to reach $160 in 2018??
I will be really happy if STEEM will reach $16 in 2018 :))
Would'nt we all be millionaire's, lol
I guess its a good start to the week, seeing bitcoin and the other top 10 in green.
This week decides about the bull run... If bitcoin can hold its ground.