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RE: Market Snapshot - September 6th 2018

in #steemit6 years ago

What a huge sudden drop!. Eather due to Goldman crypto trading plans drop, the $1Billion worth of Bitcoin sold or as the final down leg expected by several traders, it is hard to see how all previous days gains suddenly vanished in a few hours.
Bitcoin tried to hold the initial first drop around $7000 but finally kept downtrending and now is just below $6500. Let's see if it can hold the drop in that level as stochastic shows clearly oversold and volume spiked.

Screen Shot 2018-09-06 at 08.40.37.png

EOS as all the rest of altcoins followed Bitcoin trend and lost between 15% and 25%. It is now trading around $5. Let's see if the price holds there.

Screen Shot 2018-09-06 at 08.40.52.png

STEEM reached the previous low from mid August and it is now trading at $0,8. I expect all assets to stop the bleeding trend and remain stable during the day.

Screen Shot 2018-09-06 at 08.41.06.png

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