Market Snapshot - July 24th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were relatively bullish, with5 of them in green and 5 in red
Bitcoin i vigorously testing $8,000 while the rest of the assets are starting to catch up.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.36 on Coinmarketcap, down from yesterday in fiat and in BTC.
The 1 hour chart shows a very strong descent from 20k satoshis down to 16.5k satoshis. Currently, STEEM is trading at around 17k satoshis.
The 1 day chart is bearish, showing 3 consecutive, consistent red candles.
SBD was trading, at the moment of writing, at $1.15, down in fiat from yesterday, and down in BTC.
The 1 hour chart is showing a downtrend too, stabilizing, for the time being, at 14.5k satoshis
The 1 day chart is bearish, with no visible support
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.852 STEEM for 1 SBD, similarwith yesterday, and under parity. SBD printing rate is 38.33%, similar with yesterday.
Overall opinion: Bitcoin is finally starting a consistent bull run and the entire market is reacting now as we were used to, but more about it in the next post. We should expect alts to rise again once Bitcoin stabilizes from this rapid surge.
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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Bitcoin.....and the rest.
Today the market is showing clearly why Bitcoin is "The" crypto.
In the 4hr chart, we are seeing how we had an initial push this morning which left the price slightly above $8000 crossing the resistance and now we are starting to experience the bull run.
EOS started the day bearish but now is just recovered and crossed the $8 barrier due to the correlation with bitcoin. The market is approaching the channel downtrend line again.
STEEM keeps bearish since yesterday and just bounced when reaching the triangle top line following the second Bitcoin push of the day. Volume remains low and the price has not recovered and is now on the $1,3 level.
So good to see bitcoin on those prices again
I guess BTC may maintain it's bullish sentiment till the ETF announcement.
https://steemit.com/bitcoin/@denha/etf-bitcoin-already-approved-by-sec
I am very thank ful to you that you always post stats about crypto currencues. Its help me alot. And i am very happy to see about btc is increasing. I hope steem will increase on coming days. Thank again for helping.
Did you notice the movement of Adt? I was skyrocketing last night, when I started to check it, it was 0.04 and then in half an hour it reaches to 0.07
Btc is increasing with high ratio. When btc increase or decrease. Many coin effected due btc changes. Overall little bad week for steem and sbd.
Youre missing an "s" there. My main concern is, how do you want to keep pegging sbd to 1$ if bitcoin rises more than this, lets say $10,000.
SBD will lose in Bitcoin
Bitcoin has experienced large market manipulations over the previous week, being the predominant cause of this significant movement. Although there could be a major sell off due to "whales" reaching their target price, we could still see prices run higher if price is able to find support at the $8,000 level. It could be likely that we see a minor push higher before witnessing a slight pullback to the $8,000 level to test this region and see if price can find support here.
alts are going down like hell finally bitcoin goes up : )
Bitcoin already in the 8100$...bull run mode definetely! :)