Market Snapshot - June 21st 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were bullish, all of them in green
After a small correction last night, Bitcoin seems to be aiming for the $7,000 level again and all the other assets are borrowing this enthusiasm.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.58 on Coinmarketcap, slightly down from yesterday in fiat, and in BTC.
The 1 hour chart shows that, after getting as high as 25.7k satoshis, STEEM lost more than 2k satoshis in the last few hours, trading around the 23k level.
On the 1 day chart shows two consecutive red candles, on very low volume
SBD was trading, at the moment of writing, at $1.26, slightly up from yesterday in fiat, but down in BTC.
The 1 hour chart shows a correlation with STEEM's dive, which took SBD below 19k satoshis
The 1 day chart looks relatively flat, though, after a long streak of red candles
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.797 STEEM for 1 SBD, slightly up from yesterday, and under parity.
Overall opinion: The markets are rebounding softly today, but STEEM and SBD seem to be decoupled from this bounce, and are displaying a bearish outlook. But if the top 10 trend is consistent, they may pick up and rebound as well, trading volume is very low.
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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Little by little it seems bulls are starting to take control over bears. Markets reversed up yesterday recovering from morning losses.
Bitcoin volume is still quite low but the price is pointing towards $6800 again. Crossover moving averages is also an indication of market pushing up.
EOS had also a slight push early this morning. It may have to do with deposits and withdrawals enabled on Bitfinex with could lead to other exchanges doing the same and increasing trading volumes.
Steem seems to be suffering a little bit more and still has not recovered from the levels it had two days ago, the three moving average lines may act as a resistance but volume has increased and the strong dependency may also lead the price up following Bitcoin movement.
Green color looks good...
Off the charts...I had an intuition to buy ETC when it was about $12, but I didn't and it seems that for a couple of days it's recovering ground very good. Sometimes intuition works in crypto very good also, if you just listen to it. Last time, in March I guess, I really had a good ROI with ETC before its hard-fork.
oh yeah, if we reach to 7000$ mark and if bitcoin shows some resistance, then we can see a rally i think so.
It is time to make an investment for future! :) The prices are still low.
you are right brother, it is the best time to invest some money to make profit.
Hopefully, we will start going up from now onwards. but still looking at the situation of the market we can't predict anything, the volume is low.
Yah this is great information for me.
I like this and useful to me
why steem and SBD value is down.its hard to predict crypto
Hi dragosroua
How are you ?
Informative post , thanks for your information .
Keep good work every time .
Thanks for sharing @dragosroua
Upvote you .
It gets a little tough to buy in when ETH is rising, but I managed again to get some more. Get it while its down.