Top 10 Cryptos
At the moment of writing, top 10 assets were still looking red, but the losses are more or less insignificant
Bitcoin is keeping above $8,000, but it lost $50 since yesterday. The other assets are posting very small losses, so we can say the beginning of the week is more or less stationary.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.40 on Coinmarketcap, slightly down from yesterday in fiat and in BTC.
On the 1 hour chart, the price dropped another 0.5k satoshis, trading just a tad above 17k satoshis
On the 1 day chart, STEEM is testing 17k satoshis for the second time in a week
SBD was trading, at the moment of writing, at $1.21, slightly down in fiat from yesterday, and down in BTC.
The 1 hour chart shows a small descent just below 15k satoshis, currently trading at 14.6k satoshis
The 1 day chart suggests SBD will also test the lowest level in a week, around 14k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.851 STEEM for 1 SBD, slightly up from yesterday, and under parity. SBD printing rate is 39%, down from yesterday.
Overall opinion: The beginning of the week is cautious, traders seem to hold positions waiting for significant news (or other developments) in order to move in one direction or another.
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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The markets have not been moving too much during the weekend.
Bitcoin is almost flat if we omit the down and up from the SEC episode. Last night some volume came in and shake the market but did not create a clear direction. Still around the $8200 level and volume low.
EOS has been drawing a downtrend parallel to the previous upper triangle line. The price is pointing towards $8 and volume also still very low.
STEEM volume is insignificant (Bittrex chart) and the price has developed a new downtrend channel now trading at $1,4. We need some volume to start a market reaction.
No much of changes in the last few days
The opening day for many retail traders and investors proved to be relatively slow across the board, with BTC only managing to range $100 to the downside since this morning. Bitcoin continues to respect the channel of $8,060 - $8,310 with price not testing either of these levels over the past 24hrs.
The 4hr chart shows the clear consolidation and minor channel that price has formed since being rejected at the $8,600 level. It is still unclear of which way price will break but i believe the longer we trade within this region, the strong the break will be, either to the downside or the upside. I believe we could range within this price region for the next few days before retesting the $8,600 level towards the end of the week as the markets wake up and investors are very active on the charts.
Good thing is that btc is still holding above 8000$...
I still see a good buying opportunity for long term hodling:)
The market this week is still going to be bullish because I know this little bearish trends will retrace back into a more bullish run
The price of bitcoin is a little bit encouraging, still at the $8,000 range.
Good review sir.
Next steem will go up in upcoming 2 months.
Oh sad. Btc list $50. But happy to see above $8000. Hope alives for the steem
Good to see btc is above $8000.
And hoping best for steem.
August will be a boring month as far as the crypto concern but we will see some interesting moves in September.
Again the market is red. The good thing is that the Bit Coin still maintains 8000$ + worth
Steem is not rising as I expected before :(
market is good
Bitcoin looks quite stable from so many days hopefully alts will rally up
Hi @dragosroua! Will you announce the theme for Challenge30days contest in August? And will you continue to host this contest further?