Market Snapshot - September 11th 2018
Top 10 Cryptos
At the moment of writing, top 10 crypto assets were predominantly bearish, with 7 of them in red and 3 in green.
Bitcoin is surprisingly stable, while alts are continuing to take a serious beating.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.75 on Coinmarketcap, slightly down from yesterday.
The hourly chart shows a huge red candle, which took the price from 12k to 10k satoshis in less than an hour. Price rebounded and it's now hovering around 11.8k satoshis
Due to that huge red candle, the daily chart is looking a bit more bullish than expected (long bottom wick and small body for a candle are usually indicators of a bull move)
SBD was trading, at the moment of writing, at $0.96, slightly up from yesterday and still at the peg.
On the hourly chart, SBD is stable at 15k satoshis
The daily chart is plateauing at 15k satoshis after a few days of moderate gains
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.287 STEEM for 1 SBD, up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: Markets are almost dormant today, with small volume and not too much change. The huge red candle of STEEM proved there are still buyers, even if big dumps are flooding the market. SBD is stable at the peg. My personal outlook is neutral to bullish short term, and neutral medium term.
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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A new transition day.
No changes in the behavior of all three assets.
Bitcoin keeps trading below the long-term downtrend line waiting for volume to break that resistance or drop down again.
EOS remains in the $5 area just above the 50MA with very low volume and small body candles. 100MA just overlapped the 50MA line in a clear sign of market flat movement.
STEEM keeps its gradual smooth downtrend trading below the 50MA, the morning strong volume on a bear candle shows probably a dump and pump intent to get some cheaper coins but besides that minor "anomaly" the market just remains stable.
I think it's will take the mart some time to cover up
I wonder when will see STEEM over $1 again
great buying opportunity of steem perfect price it is at right now
I was hoping for some bette movement in Stellar since the Chain acquisition was finally closed... https://finance.yahoo.com/news/blockchain-company-chain-acquired-stellar-134018150.html
I think people are confused by Stellar vs Lightyear :(
I am really surprised to see in this bear market, there are coins who are going up, Emercoin is up 45 %, Dogecoin is totally going against the market, 25 % in the last week.
Interesting to see that Bitcoin price is stay stable VS the other alts
Bitcoin is still looking for direction I believe the bearish trends might still continue, and altcoins are losing values in price which is affecting investors confidence
Hopefully now market should recover @dragosroua
Stable is boring. I want a spike upwards!!