Market Snapshot - July 9th 2018

in steemit •  8 months ago

Top 10 Cryptos

At the moment of writing, top 10 assets were slightly bearish, with 8 of them in red and only 2 in green

Screen Shot 2018-07-09 at 11.17.44 AM.png

The losses are more like small corrections, certainly not offsetting the weekend gains. The only green asset is Stellar (and Tether, but that doesn't really count), with a very small gain as well.


At the moment of writing, STEEM was trading, on average, at $1.55 on Coinmarketcap, slightly down from yesterday in fiat, and in BTC.

The 1 hour chart shows support around 23k satoshis, after another spike up to 24k satoshis

Screen Shot 2018-07-09 at 11.18.04 AM.png

The 1 day chart shows quite a lot of small red candles, but the overall trend seems more towards stabilization

Screen Shot 2018-07-09 at 11.18.10 AM.png

SBD was trading, at the moment of writing, at $1.26, slightly down from yesterday in fiat and in BTC.

Please be aware that Coinmarketcap included again Hitbtc in the SBD calculation pool, which resulted in a higher price than the real one, around $1.42. This rise is not real, because Hitbtc is manipulating the price, SBD being listed as high as $19 there, but withdrawal and deposits are suspended. I used the price feed from, which uses Bittrex data.

The 1 hour chart is mostly flat with a small dip from 19k satoshis to 18.5k satoshis

Screen Shot 2018-07-09 at 11.18.23 AM.png

The 1 day chart is also showing a small correction, indicating 18k as the next support level

Screen Shot 2018-07-09 at 11.18.28 AM.png

SBD to STEEM Ratio

At the moment of writing, according to you could get 0.807 STEEM for 1 SBD, slightly down from yesterday, and under parity.

Screen Shot 2018-07-09 at 11.20.00 AM.png

Overall opinion: Markets seems to correct a bit ahead of the week, but this move seems to be a reversed mirror of what we had during the bear run, when the upswings were too small and too short lived to make a difference. Seems like these downwards corrections are of the same kind: smaller than the gains and apparently short lived. We need more positive indicators (like Bitcoin crossing above $7,000) to call this a reversal, so far now the markets seems to play sideways. STEEM and SBD are relatively stable in this context.

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.

Dragos Roua

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Bitcoin has been forming a bull flag not losing too much of the level it reached after yesterday morning pump. Everytime a big bear candle develops, bulls seem to jump in and push the price up leaving a big lower wick.

Screen Shot 2018-07-09 at 18.50.37.png

EOS, on the other hand, has lost most of the level it reached yesterday morning. Price is trading on the $8,5 level just above the three MA lines which have just overlapped. RSI seems to be reaching a low so the market may react going up.

Screen Shot 2018-07-09 at 18.51.05.png

STEEM had a similar behavior than EOS, it lost most of the level reached two days ago, at present time volume is joining the party and bulls are pushing up after a nice bear candle developed. 200 and 100 MA are overlapping and seem to be acting as a support.

Screen Shot 2018-07-09 at 18.51.26.png

True, we need another push to make BTC cross 7K mark, which may then trigger the bullish sentiment.


As soon as it will touch 7k or come near by , alt should create a strong buzz

hope to see some rise after this stability.

Thanks for the updates as usual, now we wait. I am personally building till December. I expect a significant market recorvery by then

Slightly bearish but overall the market looks in a positive trend today :)

They are the strongest ten coins
But many of them are in a low price situation
We wish to rise as soon as possible

Many currencies are in redline today. Everybody want to see higher value. If currencies will not be in red line then how people will invest? Redline is a good if you want to buy sometihing.


Thanks for regular updates. We are hoping that btc and other currencies will go up. Hope sbd and steem acheive a big number

When btc price incriese


The more important question is why should it


And more and more important question is why it rises in the past?


becuase people invested so much in it and have taken out large amounts that made in unstable :P


So can't they invest again? :o

Steem Price 1.50-1.56 doing up down yesterday vs today, i follow.


I hope increase the value of bitcoin.
In our India, till july, government will confirm that bitcoin will stay or not
And thanks for the information

Very good information about top cryptocurrencies..

Very good post sir.i love steemit.

Informative post , thanks for your infirmation . Keep good work of every time .

Thanks for sharing @dragosroua
Upvote you .

what do you think of ripple and stellar? I know ripple has made a lot of progress, but many people were seriously hurt by it, and are now preferring to stay away from it, how you think this will affect the price, thanks in advance.

i hope crypto market update providing.

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
SBDSteem Dollars1.422$11.29%16.86%