Market Snapshot - July 17th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were bullish, with all of them in green
Bitcoin gained more than 5% and it's slowly inching towards the key level of $6,800. All the other alts are looking happy too.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.40 on Coinmarketcap, slightly up from yesterday in fiat, and in BTC.
The 1 hour chart is relatively bullish, with 21k level being tested a few times
The 1 day chart is not showing any big signs of changing, but it is slightly bullish as well
SBD was trading, at the moment of writing, at $1.22, up from yesterday.
The 1 hour chart shows a sudden uptick pushing the price around 18.5k satoshis
The 1 day chart is slightly bullish as well
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.882 STEEM for 1 SBD, higher than yesterday, and under parity.
Overall opinion: Bitcoin is on the run for the key level of $6,8k, which, is broken on the upwards, will free the asset from the sideways trading trap it was in for the last couple of weeks, giving strong signs for a trend reversal. STEEM and SBD are looking good too, with STEEM going over $1.4.
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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Nice bullish day for all crypto assets yesterday. I used 4hr charts today to see a broader picture.
Bitcoin is having a retracement after gaining $400. Nice volume increase which sent prices back above the uptrend line started at the end of June. If price crosses the resistance at $6800 uptrend will probably consolidate.
EOS also had a nice pump and reached 100MA line which acted as resistance this morning. Prices still need to reach 78% Fib level from previous high retracement in order to get out of the downtrend channel. Total EOS trading volume keeps growing and is just third crypto asset behind BTC and ETH.
STEEM finally got a nice pump up and reached $1,4. There is a big ressistance with 100 and 200 MA lines overlapping and the upper descending triangle line. If the asset breaks that out we will probably have a strong nice uptrend again.
Need to cross 7K mark soon to keep the bullish sentiment....
The reversal is coming!
Bullish mode on and the market cap is growing too which is great to see :D
This is a good news to me, a very short increase though, but its worth something.
Like our own coin is having a kind of rejuvenation as at the time of this chat today. Hope to see what happens in fewer days before the end of the week. As this is nothing but the joy of crypto. Thanks for the update.
Are we gonna approach the bull run? :D
To the moon..haha :)
SBD $1.22 , up from yesterday this is great news . You have always help for steem worker . It's some increase but well .
Thanks for sharing @dragosroua
Upvote you .
Correct, it is impossible to guess the cryptocurrency anyway