Top 10 Cryptos
At the moment of writing top 10 assets were bearish, all in red.
Bitcoin retraced from almost $10,000 to $9,300 and all the alts are taking a beating.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.51 on Coinmarketcap, down from yesterday in fiat, but very slightly up in Bitcoin.
The 1 hour chart shows the start of a range trading period, after yesterday drop. STEEM remained more or less stationary
The 1 day chart is still bearish, but the last red candle is smaller than the previous day, which may suggest consolidation around 37.5k satoshi.
SBD was trading, at the moment of writing, at $3.07 on average, down from yesterday both in fiat and BTC.
The 1 hour chart indicates an acceleration of the downtrend during the last few hours
The 1 day chart shows another red candle, longer than the previous one, which indicates the bearish trend may continue
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.874 STEEM, down from yesterday and below parity
Overall opinion: Markets are having a rough start today, but we're still one week ahead of Consensus. STEEM consolidated around 37k satoshis (even a small appreciation) while SBD is heading below $3.
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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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
CMC looks like drowned in the red sea.. but i belive that this is temporary in 2-3 day again bitcoin cross 10k mark..atleast market remain up for month may/june.
BTC should not go below 9K, otherwise it may touch 8K very soon...
Do you know anything about the progress of SMTs. I've been eagerly awaiting it!
If he knew it, he will let you know
Not yet.
I like the explenation of Kostolany. Its like a man walking with his dog. He goes from A to B. The dog also goes from A to B but he runs up and down and to the front and to the back. Eventuelly both arive at point B.
Thanks for sharing!
Look like the last time we will have the option to buy BTC under 10k
You are right brother
I have that slightly panicked feeling that if I don't buy bitcoin now it's going to start heading up with out me
No worries!
We will now have a huge up wave after a little bit more down!
I think we just get to some support levels and we will see the market cover up in the next few hours
That's exactly what i am thinking right now
This is a real beating taken by bitcoin and its gonna drag down steem i guess. Better days ahead hopefully. Thanks for the info
Not a very beautiful way to start the week for crypto lovers. The whole market is taking a little more beating since yesterday, I hope we don't go down too low this week.
This is another calling to buy more steem
Things are not looking as by now but we should always hope for good
It all ebbs and flows as folk take their profits. If we want Steemit to succeed we just need to keep using and building it
It is good time to buy when there are much reds.
you have to consider the SBD has remained stable for almost more than a week, and this small drop may be temporary!
Yep, it’s a sea of red out there. Holding tight.
Please checkThanks for these lovely and authentic analysis & Here is sir my contribution for day-6 challenge https://steemit.com/challenge30days/@ajmalaftab/may-30-days-writing-challenge-day-six-what-is-your-main-reason-for-staying-on-steemit
However this fluctuations may be, at least we know we are not were we used to be and that is a win win for everybody so far as it does not fall less than it should. As long as it stays this way or most preferably plummets, business is good.
Thanks @dragosroua
Very nice! The price of steem and SBD compared to last time is now higher. That's a good news for all of us here.
##Sbd and Steem as at the time of this reply. Thanks for the update my friend.
The Steem volume has dropped, so it may fall a bit more unless Ned's trip to Korea drives more investment. Looks like 10% of users may be from there, so it's a vital region for steemit
After approaching $10000 mark, Bitcoin just retraced again and the 1hr chart shows it is back into the trading range it started at the end of April. Volumes remain low and the price just punched the 50MA, let's see if it holds as a support.
Most of the rest of the altcoins are acting the same way, EOS touched the resistance line at $18,6 and bounced down back to the trading range, but this crypto may experience a nice pump as we approach the end of the month.
Finally STEEM remains just below the uptrend channel line in the 4hr STEEM/BTC chart.
But if we look at the daily chart it shows a clear bull flag after the uptrend rally, so we are still in bullish season.
Do you know anything about the progress of SMTs.
bitcoin is totally unpredictable at the moment
good time to buy more steem before the rocket launch to the moon
Steem holding nicely at this time making it the best coin :)
It's the nature of the crypto currency markets. The ups and downs, they always fluctuate.