Market Snapshot - June 18th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were bearish, all of them in red
As expected, the beginning of the week is looking down. The question is, how low this will go until next weekend?
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.57 on Coinmarketcap, down from yesterday.
The 1 hour chart shows that previous resistance, 25.5k satoshis, was broken a few hours ago, trading now around 24k satoshis
The 1 day chart is bearish, and the next resistance level is at 20k satoshis, so plenty of room to fo down, if the pressure continues
SBD was trading, at the moment of writing, at $1.24, down from yesterday.
The 1 hour chart is testing the 19k resistance level
The 1 day chart is also bearish, and it's already under the previous resistance level
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.792 STEEM for 1 SBD, up from yesterday, and under parity.
Overall opinion: Another bearish start of the week. The only question now seems to be when Bitcoin will squeeze below $6,000. STEEM and SBD are following the trends and both lost in BTC.
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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New small downleg to start the week with very low volumes.
Bitcoin is creating a symmetric triangle around $6500 line (4hr chart) and could breakout in a few hours in any direction.
EOS is doing the same with a descending triangle slightly below $10,5 with descending volume too, the downtrend could be due to the weekend main net problems, now the blockchain seems to be running smoothly.
Steem has also developed a descending triangle with the base line slightly above $1,5. RSI is on a low and could be an indicator of the triangle breakout.
Depressing market, hope it comes out of it soon...
sadly I don't think so we have touched the bottom yet, not good days for Crypto lovers :(
Another turn in the crypto currency market.
I never thought I will see steem under $1.6.
Obviously it's disappointing to see all the market in red. Only the positive out come is SBD/steem ratio is getting better and better. Let's hope it will above 1 in near future. keep sharing @dragosroua
And the SBD/STEEM (debt/equity) ratio stands at 3.39% ;) Apart from that, its interesting to see that binance coin has been moving up and its quite a safe asset at the moment and in this bearish market.
I guess the news about how Bitfinex was involved in market manipulation to drive up the price of Bitcoin last year isn't going to help build any trust in this dumbpsterfire we call a crypto market.
Hi dragosroua
How are you ?
Your post is informative .
Thanks for your information .
Keep good work .
Thanks for sharing @dragosroua
Upvote you .
I don't like red color :( I want to see green, I want to see green everywhere :(