Market Snapshot - April 12th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were relatively bullish, with 8 of them in green and 2 in red, Bitcoin and Litecoin.
Seems like we've been in a rather bullish mood until a couple of hours ago, when a sudden dip of Bitcoin rippled across alts as well, lowering their gains. It remains to be seen if it's just a temporary dip, or the bears are back.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.97 on Coinmarketcap, significantly up from yesterday.
On Bittrex , the 30 minutes chart shows a very recent spike, which drove the price almost to 32k satoshis, followed by a fast correction to the previous levels
The 1 hour chart puts that spike in perspective, showing a consistent bullish trend, on relatively high volume.
The 1 day chart confirms the bullish trend and indicates stabilization around 29k satoshis:
SBD was trading, at the moment of writing, at $1.93 on average, slightly up from yesterday.
The 30 minutes chart on Bittrex shows a similar spike with STEEM, but the correction was deeper:
The 1 hour chart is flatter than STEEM's, on the same spike interval
The 1 day chart confirms once again that, while STEEM is growing, SBD is gently trending down
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.983 STEEM, down from yesterday and we're below parity.
Overall opinion: Markets are showing a generally bullish sentiment, which seems to be tested now. Sending Bitcoin again over $7,000 would be a relevant sign that the bear pressure is over and we can expect at least sideways trading for a while. SBD is slowly decoupling from STEEM, which is on a bull run.
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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It seems like there is no stopping for EOS already surpassed LTC...
The Market looks good this morning ing and I am happy about the alight improvements . I just hope more happens .
High time we hit a bull run, i noticed the increase this morning, and im wondering, is this a sign of more increase, or how long do we have on the 2.0
We're in for a bull run. Second quarter seems to favour Bitcoin market historically.
Glad I swapped some SBD for more STEEM over the past week..........Thank You for your charts and thoughts @dragosroua
We just hope and pray that the green regime returns fully and everyone be happy.
Eos finally knocked out litecoin for the 5th position. Let's see how if it will hold on there and move north against bitcoin cash.
Looking Good! Especially EOS
Thanks for this informative post @dragosroua
wonderful :)