RE: Market Snapshot - September 6th 2018
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.
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.
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.