Top 10 Cryptos
At the moment of writing, top 10 assets were bearish, all of them in red
Bitcoin lost its stamina and is now fighting to stay above $6,500. None of the remaining assets shows enough decoupling to paint a different picture, so it's red all over again.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.48 on Coinmarketcap, down from yesterday in fiat, and in BTC.
The 1 hour chart shows the 23k satoshis resistance level broken (after going as high as 25k satoshis yesterday) and now STEEM is trading slightly above 22k satoshis
On the 1 day chart shows a free fall towards the previous low of Aprile, 20k satoshis
SBD was trading, at the moment of writing, at $1.17, down from yesterday in fiat, but down in BTC.
The 1 hour chart shows another resistance breaking, the 19k level surrendered and now SBD is trading around 18k satoshis
The 1 day chart is looking bearish as well, on very low volume
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.795 STEEM for 1 SBD, slightly down from yesterday, and under parity.
Overall opinion: Markets are swinging back and forth on low volume and potential low interest from investors. STEEM and SBD are continuing the downtrend on low volume as well, which may indicate also low interest or just caution.
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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Another weekend and markets seem to go bearish again. It is just the result of being in a trading range with low volume. Any single small trade makes the market react but there is no clear trend at all.
Bitcoin is down to the previous $6500 support line, just where it was a few days ago trading inside the triangle as shown in the 4hr chart. It just crossed 200 MA green line, we will see if the support line keeps the price from going further down.
EOS is one of the cryptos with bigger losses, around 10%. Quite a nice volume in this morning 4hr candle. EOS just needs some of the existing projects to start launching in the main net to get the volume needed to start a bull run.
Finally, Steem just went below $1,5. Volume remains low and RSI seems to be touching its low. We will see if the market reverses again during the day.
As much as I don't like seeing the prices this low and would love to be on the moon already, I think it's good for the crypto space overall. We really needed to cool down.
People tend to forget very fast and the resulting bull run will be that much bigger.
Regarding the prices of steem, I think they are not going to stay this low for long. If anything, the demand from within the network is going to go up. I myself am considering increasing my positions in BTC and STEEM.
100% agree with this. Building solid projects is so much easier when the money pressure is lower.
I m worried about steem and sbd its going down in every moment.and what will be the impact of the current prices on the platform.
Cryptos are now just so unpredictable. The down trend has tarried for too long. Hoping for some improvement in due time.
Thanks for the market updates
Can anyone tell me what's going on..Steem value is reducing, @ned Scott is powering down..😭
Be calm my man, everything is under control
Can you tell me when bitcoin price will go up.
And thanks for your sharing
no idea, sorry :)
BTC-STEEM still going sky to ground. I want to see opposite it.
Hello sir,
All cryptos in the downtrend. Is there has big reasons?
So bloodbath in crypto market is continue. Not a good story. Let's hope SBD Steem ratio will be above 1.0. It will help leot of steemians to transfer SBD in to SP. Thanks for sharing @dragosroua
everything going to the floor the best dump for buyers who were waiting for the opportunity to get some more crypto