Market Snapshot - April 17th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bullish, all of them in green, with one asset, Cardano, posting double digit growth.
Seems lik the positive sentiment is maintained across the markets, with Bitcoin crossing back above $8,000.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.76 on Coinmarketcap, up from yesterday.
On Bittrex , the 30 minutes chart is showing a spike from 32k to 34k satoshis, on significant volume
The 1 hour chart indicates that the 34k satoshis is becoming a new resistance level
The 1 day chart shows an upward correcting green candle, trying to pierce through the 34k satoshis level
SBD was trading, at the moment of writing, at $2.52 on average, slightly up from yesterday.
The 30 minutes chart on Bittrex shows a steep uptrend, on significant volume, trying to break up through the 31.5k satoshis level:
The 1 hour chart indicates the 31.5k satoshis may become a new resistance, though, as it was tested 3 times during the last 2 days
The 1 day chart showing a smaller green candle than in STEEM, confirming the slow decoupling of the two currencies
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.922 STEEM, slightly down from yesterday still below parity.
Overall opinion: The positive sentiment is growing across the entire crypto markets. STEEM had a 6% increase day to day (SBD a little over 4%) showing constant interest, although without any spectacular increase.
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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Good
Trading volume is quite low these days so we should wait til the trend is confirmed.
Thanks for the update. Your top picture seems to be from another day again!?
Thanks for th tte heads up, what would I do without your eagle eyes? :)
I only know what you would not do and that's an annoying post edit :-)
Slow and steady recovery for steem I guess....
Bitcoin market seems to have been in a trading range for the past two days showing indecision. Net volume (lowest line chart) clearly shows low volumes after Thursday spike. It is savvy not to trade until more volume and a much clear trend shows up.
Hey! Nice chart!
Remember a few months back were discussed the marketcap required to make the top 100 on CMC?
We were counting down to $US100 million, now you need that to get onto the top 120.
The market is growing in multiple dimensions.
Good afternoon Dragos!
What i notice is the rewards are back just in sbd and steem power. Should that be because the increase in value of both of them?
In a way was cool to get steem as well...
Have a great day!
no, it's because the price feed bias increased again above the threshold.
I hope the market stabilizes with btc over 8000$ and a new support @ 300 billion market cap, it will be a step up from the previous support of 250b.
There was a sudden bull run, its a good sign we might be hitting the .3 again pretty soon
Thanks to steem supply
Yeap, I saw it too.
Always nice to see that steem is going upward steadily. Let's hope for the best. Thanks for sharing about the indepth of steem and SBD price. @dragosroua