Market Snapshot - June 13th 2018

in steemit •  7 months ago

Top 10 Cryptos

At the moment of writing top 10 assets were bearish, all of them in red.

Screen Shot 2018-06-13 at 10.35.20 AM.png

Yesterday's correction was really just a dead cat bounce and the downtrend continues.


At the moment of writing, STEEM was trading, on average, at $1.75 on Coinmarketcap, down from yesterday.

The 1 hour chart shows a sideways pattern in the 25.5k and 28.5k satoshis.

Screen Shot 2018-06-13 at 10.35.30 AM.png

The 1 day chart shows the first green candle after 6 consecutive days of a bearish trend

Screen Shot 2018-06-13 at 10.35.35 AM.png

SBD was trading, at the moment of writing, at $1.35, , down from as yesterday.

The 1 hour chart shows flat trading around 20.5k satoshis

Screen Shot 2018-06-13 at 10.35.55 AM.png

The 1 day chart is flat around the same level, 20.5k satoshis

Screen Shot 2018-06-13 at 10.36.00 AM.png

SBD to STEEM Ratio

At the moment of writing, according to you could get 0.769 STEEM for 1 SBD, slightly up from yesterday, and under parity.

Screen Shot 2018-06-13 at 10.36.06 AM.png

Overall opinion: As expected, yesterday's correction didn't hold, so Bitcoin is still looking down, testing the $6,500 resistance level. STEEM and SBD lost in fiat, obviously, but are relatively stable in Bitcoin.

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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New down push last night. It seems as the market may be reaching its final downtrend before starting to finally move up.
Bitcoin reached the $6500 support from previous low as the 50MA created a resistance as seen in the 1hr chart. We all expect that support line to hold.

Screen Shot 2018-06-13 at 10.03.22.png

EOS has had one of the strongest loses agains the USD since last weekend. It went below $10 after last night drop and now is trading slightly above that level. Voting process continues and we are beyond 1/3 of the needed ones. Some Block Producers are starting to show clear leadership. I am quite confident the market will strongly react upwards after voting process ends.

Screen Shot 2018-06-13 at 10.03.40.png

Steem was reacting much better than other cryptos swinging up but when it reached the 50MA it dropped again as the rest of the market. Volume remains slightly bigger than last week and the market may react following bitcoin trend.

Screen Shot 2018-06-13 at 10.03.56.png

Why the markets are crashing...

Looks like we are in this phase for quite sometime. The market of steem is stabilizing around $ 1.75.

Overall activities on the steem blockchain has reduced drastically, little do people realise that after the rain comes a sunshine.

This is the best time for community engagement


This is the best time for community engagement

100% agree!

i think btc will show some resistance at 6000$ or 6200@ ,what you say?


Hard to tell. My personal opinion is that it needs to get a bit lower than that before it bounces back.


may 4000$ to 4500 $ range ? i have also heard it from someone where.

the prices just keep falling in the pattern seems like some form of cartel manipulations exists in this world

Informative post .

Thank you for your information .

Upvote you .
And thanks for sharing @dragosroua

It disappointing to Steen price decreasing day by day. Hopefully it will rise again.

Oh no. I think 1sbd is going to equal 1usd. Not a good time for cell. Its time to buy and invest.

We could see more subsequent pain because bitcoin is making lower low on daily chart. steem will also come down to 20k.

The rate of steems is decreasing day by day any idea when it will increase /

Great review, thanks a lot for your thoughtful post @dragsroua.

Ita crashing drastically. Just hold on take a deep breath. It will rise. But best time to buy not to sell

To quote the Borg 'resistance is futile!'. Seems the roller-coaster ride continues

They are getting down , it's depressing .

well big whales are playing there games and maybe this down trend will continue for next 2 or 3 month,

Looking forward to when the market is starting to go up for months in a row :)