Market Snapshot - September 4th 2018
Top 10 Cryptos
At the moment of writing, the top 10 crypto assets were predominantly bullish, with 6 of them in green and 4 in red. The highest gain is posted by Monero, with more than 12% increase day to day.
Bitcoin is maintaining the ascending channel and some of the assets are starting to follow.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.99 on Coinmarketcap, up from yesterday.
On the hourly chart, STEEM seems to maintain its trading range between 13.5k satoshis an 14.5k satoshis, on relatively low volume
The daily chart is flat, no major change
SBD was trading, at the moment of writing, at $1.02, slightly up from yesterday and still at the peg.
The 1 hour chart is flat-to-bearish, following Bitcoin appreciation
The daily chart is still flat, no change
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.028 STEEM for 1 SBD, same as yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: The ascending channel that formed for Bitcoin during the last few days seems to be holding on. STEEM and SBD are flat, but we should expect some movement once we're getting closer to HardFork 20. My outlook short term is neutral, and medium term neutral to positive.
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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No much of a change yesterday
i wonder why we do not see ETH jumping up to higher prices and it's stay back
I know a friend, who is Very expert in charts, and he said btc will go to 7400-7450 and then it turn back, May be it's a bull trap.
We had another transition day yesterday but little by little some top altcoins are showing nice bullish spikes. Yesterday was Monero and this morning is Omisego. That could be a sign of bulls taking control.
Bitcoin is forming a new ascending triangle very close to the upper area of the channel with the 50MA as the support. We need more volume to break it out but stochastic is moving up this morning so it could happen anytime.
EOS remains trading around the $6.5 level. It needs some volume to decide to move up or follow Bitcoin when it does. 50 and 100 MA are just overlapping with the resistance line.
STEEM is trading around the $1 but volume is decreasing and Stochastic moving in the overbough direction so this chart shows slightly more chances of having a market move up.
Great information. Steem price is making every steemian sad
Btc looking stable than others.
Can you tell me that when steem price will be rise?
i hope to see STEEM stay stable at more then $1
I hope to see SBD stay stable and STEEM at $2 :)
We expect today market to be bullish especially for Bitcoin, more and more investors are buying into Bitcoin because of its massive adoption as a good store of value
What about the Doge coin? Every one is talking about it!