Market Snapshot - June 1st 2018
Top 10 Cryptos
At the moment of writing top 10 assets were slightly bullish, with 6 of them in green and 4 in red.
Looks like we're witnessing another sharp upswing, started a couple of hours ago. We're still below the max values in May.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.42 on Coinmarketcap, slightly up from yesterday.
The 1 hour chart suggests stabilization 32k satoshis but the outlook is bullish.
The 1 day chart shows that, for the last 4 days, STEEM traded mostly at or around 32k satoshis
SBD was trading, at the moment of writing, at $1.79 on average, slightly up from yesterday.
The 1 hour chart shows the same flat trading as yesterday, on relatively low volume
The 1 day chart confirms that 23k satoshis is the new level of resistance, which, for now, holds
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.735 STEEM, slightly down from yesterday and below parity
Overall opinion: Markets are a bit more serious today with a slightly more pronounced bullish flavor, but in the absence of significant volume, a new bull trend is out of cards. STEEM is slowly recovering, while SBD is stationary. A decent, albeit not spectacular, start for the 6th month of the year.
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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Market is very stable now... can go in any direction from here...
It seems the markets are just expecting the EOS launching to decide if we will have a strong reaction.
After two days down leg, followed but the corresponding bouncing, we are on a trading range with a very slight green sign.
Bitcoin is pushing towards $7600 after crossing all moving averages on the 1hr chart and breaking the $7500 again.
EOS also just crossed the three moving averages this morning but there is no clear direction yet showing indecision. All seems to be expectation for mainnet to launch.
Steem vs USD seems to consolidate over $2,4. The market just crossed 50 and 100 MA and is pointing towards 200 one. No strong clear direction yet.
Things are looking good , carry on .
Your post is always different i follow your blog everytime , your post is so helpful . I always inspire of your post on my steem work . Thank you for sharing @dragosroua
Keep good work of every time ...
Things are looking good, now i can hope for a rally.
Steem and Sbd rose again. Maybe sbd wont peg at $1
It's been forever since SBD was anywhere close to $1 :) The peg is not working at all anymore.
A bullish start of the month is a good sign! Hopefully it carries on to the weekend!
Wow. How did IOTA pull that off? Over 10% growth when others have much less. That's impressive. I hope steem recovers Kore rapidly than this though. A really good way to begin the month.
trinity wallet launch. iota hasnt had a wallet till now. the previous one using a random seed generator was a secuity glitch
Wow day by day, less and less Steem for one SBD...
A bullish run indeed. After a long time top 10 cryptos are running ugh. The value of steem is increasing too. Hope to see this in future too.
Long live Steemit!
HOw do you feel about Cardano?