Market Snapshot - June 26th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were slightly bullish, with 8 of them in green and 2 in red.
Bitcoin is hovering around $6,200 while the rest of the market is still stationary. The assets in red are BCH and TRON, but the losses are not significant.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.35 on Coinmarketcap, up from yesterday in fiat, and in BTC.
The 1 hour chart shows a sudden upswing (probably correlated to SBD spike, see below) which took the price up to 22.5k satoshis, but it is now corrected, and STEEM is trading at 21.7k satoshis
The 1 day chart shows 2 consecutive dojis, which, if there will be enough volume (which isn't) should be considered a serious sign of reversal.
SBD was trading, at the moment of writing, at $1.10, up from yesterday in fiat and in BTC.
The 1 hour chart shows a serious pump, which took the price up to 19k satoshis, right now SBD is trading around 17.5k satoshis.
The 1 day chart shows two consecutive red candles which may signify stabilization or a small reversal
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.821 STEEM for 1 SBD, up from yesterday, and under parity.
Overall opinion: Bulls are trying to hold on to the current price levels, while SBD got another pump, which took STEEM with it for about 1k satoshis. Still very early to tell if this is a consistent reversal or just a short spike in a consistent bear market.
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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Its all now on the go in the cryptomarket, most of the coins were in green and hopefully it will continue for us to recover our loses lately, lol
There is still some indecision in the market and volume is still low after yesterday erratic behavior.
Bitcoin price is above $6200 above both 100 and 200 MA lines, we need the bulls to keep pushing up to consolidate the reversal.
EOS graph is quite similar, low volume and in this case, price below 100 MA. Bulls also need to get control to consolidate the uptrend.
Steem graph is quite different, it has ups and dows mixing red and green candles but the trend is up after crossing the 100 MA this morning. Still kind of early to decide if the market is finally turning around but little by little it seems it could be doing so.
Buying SBD at $1 would be the best strategy, now it is going up again.
SBD still playing massive jumps up and down hopefully it will remain near peg
When BTC was moving up towards $6800 almost a week ago, I said it seemed a manipulated bull and the market might see another dip....and we saw it recently. We might still see another dip. People are waiting for the long awaited bull but it's these dips that are helping people make money specially to those who have bigger investments.
some sign of relief on the market, i guess this is the right time to buy some steem while they are still low, and boost my SP
Powering up is becoming more and more attractive with the ratio - do you think we will reach parity anytime soon @dragosroua?
If by parity you mean 1SBD = 1STEEM, this happened before and it may happen again.
If by parity you mean 1SBD = $1 = 1STEEM, I'd rather not see that, I wouldn't like for STEEM to go that low, but hey, markets are always right.
1steem = $1 parity? I wouldn't love to see that either.
Please No!!
Though I think will happen some time in the future (maybe soon) but I don't think it will stay like that. Buy hey, market isn't always right.
Yeah was meaning parity between sbd and steem...
Hopefully we will se bullish trend in the markets to neutralize the losses caused by the bearish markets.
Remember everyone be safe out there, markets always have the possibility to go against the general consensus
I think this was a little pump before a hard dump, One of my friends also said that, Hopefully, we are not right.