Market Snapshot - May 22nd 2018
Top 10 Cryptos
At the moment of writing top 10 assets were predominantly bearish, all of them in red.
Bitcoin is at $8,300 and the top 10 assets trading pattern looks more and more sideways, with very small ups and downs.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.13 on Coinmarketcap, slightly up from yesterday.
The 1 hour chart shows an upswing from 35k to 37k satoshis followed by stabilization. Seeing that there wasn't any correction down, but just stabilization, the uptrend may continue.
The 1 day chart shows a solid green candle after two small correcting red candles, and STEEM seems to be forming an uptrend channel
SBD was trading, at the moment of writing, at $2.25 on average, slightly down from yesterday.
The 1 hour chart is still flat at 26k satoshis
The 1 day chart is also flat, with almost not change during the last couple of days
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.717 STEEM, down from yesterday and below parity
Overall opinion: The sideways trading pattern of the last few days continues, so it's safe to say the markets are more or less stagnant (or stable, if you prefer). STEEM continues to appreciate, decoupling more and more from SBD, which is stationary.
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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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
So u prefer a stable market to a rising market? I think k I would prefer growth to stagnancy and in that light I would say I am not happy with the situation of the market at this point .
Stable does not mean that it is stagnant, while volatility is good, it will not help in mass adoption of crypto in general.
Thanks for sharing! The crypto market is very volatile at the present moment and could turn in any direction! In the past 24hrs we have seen price being rejected at the $8,530 region and also closing below the $8,340 level eariler today. I believe we could see a move back towards the $8,000 sometime this week, if Steem can sustain its current value it is looking very promising for everyone on this amazing platform!
If you trade steem for satoshi, you are cool.
After careful observation I decided to vote for you, which I'm doing now :)
Back to red color again.
We are clearly on a trading range in most of the crypto assets and no there is still no clear direction.
Bitcoin lost all its gains and crossed down the $8400 level again. It may go down again until it reached the $8000 level.
EOS followed a similar path and lost all the gains after breaking the triangle during the weekend. Now is back below $13 moving towards the $12 level.
STEEM seems to be maitaining its value agains the USD and remains quite stable in the $3 level with the three moving averages getting closer and closer.
As Bitcoin is depreciating, the STEEM/BTC chart shows uptrend from the past hours but it just represents the same trading range behaviour bitcoin is into.
As much as I want to see STEEM at $13, I think you wanted to say $3 above :))
Good catch!!!....it is just a matter of time :)
Steem is on the rise and that's great. It's not recommended to convert SBD into steem ,the value of SBD is low
Market stabilization period I would say,
steem on!
Stagnant is more like it..steem seem to have gained a .1
Sir i'm running a charity campaign, hopefully you'll be a part of ti..
Is this not spamming?
He know me very, i am a regular commenter of his blog, and was a real reason to post a link bro
I see
great news for steem users
Steem is the currency not sbd, so when it rises its good