Market Snapshot - June 20th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were bearish, but a corrective plateau seems to be forming
Bitcoin is almost back to were it was before the positive news about Square's Cash crypto trading, and all the other assets are still undecided.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.59 on Coinmarketcap, slightly down from yesterday in fiat, and in BTC.
The 1 hour chart shows a correction back to previous levels, but again, it seems to be enough support to keep this level for a while
On the 1 day chart, although the last red candle is a bit bigger, the trend suggests a potential stabilization in the 24-25k satoshis corridor
SBD was trading, at the moment of writing, at $1.25, slightly down from yesterday in fiat, and in BTC.
The 1 hour chart took a dive below 19k, and it now struggles to get back
The 1 day chart is still bearish, though
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.780 STEEM for 1 SBD, slightly down from yesterday, and under parity.
Overall opinion: The last two days enthusiasm was short lived and the markets are looking down again. STEEM and SBD lost a bit, but they're still looking strong.
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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Yesterday was another of disappointing days. All previous day profits went away. Overall, we are in a better situation than a few days ago as the markets start to show some movement.
Bitcoin punched $6800 level and then bounced down losing most of the gains and crossing the 50MA, right now seems to be bouncing up and volume is slightly higher.
EOS lost all the previous gains. It seems all the issues going on with the stolen/frozen accounts has not been helpful for the price action. This morning volume came in and now the price is also going up after all MA lines are overlapping in a clear sign of a flat market.
Steem had the same behavior, it reached the 200MA and that acted as a resistance sending the price down again. Volume is bigger and early this morning price seemed to start going up again but the bears took control again. We have to wait to see how the day develops.
I wonder if the news about Medium banning crypto content blogs will affect Steem price as crypto content creators may migrate to this uncensored content platform. Not sure if the news is just a rumor or real but all these reactions by traditional centralized companies is just a clear indicator that crypto is here to stay.
Not again...another hack bringing the price down...
Crypto Exchange Hacks | Very Suspicious Timing — Steemit https://steemit.com/cryptocurrency/@smidge-tv/crypto-exchange-hacks-or-very-suspicious-timing
I thought$1.6 was the resistance but steem is trading less than that. Don't know what about to come
Wait until BTC gets stable is what seems wise at this point. The market might see a short bull and then a dip that could take it to $5800 mark.
Looking strong? Well the market doesnt look pleasant enough to me but i am still hopeful anyways
Hi @dragosroua, can you tell me from where i can get news of SBD, steem? Any websites, news papers etc. thus i can analysis about future move of these currencies.
i am still hopeful.
Your update unform us very important .
Thanks for your information .
Good job , carry on .
Thanks for sharing @dragosroua
Upvote you .
Does this price can effects our payments sir.