Top 10 Cryptos
At the moment of writing top 10 assets were overall bullish, with 6 of them in green and 4 of them in red.
For now, the markets seems to gently correct on yesterday's spike, but, overall, the gains seem to be locked in. Bitcoin is testing $8,000, which may signal the end of the bear market.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.76 on Coinmarketcap, slightly down from yesterday.
On Bittrex , the 30 minutes chart is mostly flat, after yesterday's spike.
The 1 hour chart shows that the second pump, the one that took STEEM to 42.5k satoshis, was short lived, and the market corrected back to 34k satoshis:
The 1 day chart shows that after weeks of trading in the 22k - 29k satoshis corridor, a new resistance is forming around 34k satoshis:
SBD was trading, at the moment of writing, at $2.42 on average, down from yesterday.
The 30 minutes chart on Bittrex shows a very gentle downtrend:
The 1 hour chart shows a steeper correction, wiping out around half of yesterday's gain
The 1 day chart confirms the gentle downtrend of SBD, which may lead to the peg again
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.889 STEEM, down from yesterday and we're below parity.
Overall opinion: Markets seem to cautiously retain the last two days spike, with Bitcoin trying to break up of the down channel. A strong move above $8,000 will confirm that and signal the end of the bear market. STEEM is correcting, as expected, but a big part of yesterday's gains are locked in. SBD is gently continuing down to the peg.
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 |
Looks stable at the moment, sentiment may turn bullish as we are approaching April 17th.
Waiting to see if this ascending triangle from BTC 1 hour chart breaks uptrend.
It's nice to see green on most of the coins, but even though the market has crossed upwards the trending line you drew yesterday, I will not consider we are on a finally on a bull trend until we reach $10,000, still have to wait some days to see...
Well,it nice to see that the market ain't a robot.Swervy..lets see our it turns next..
I think you wanted to say $10,000. Yes, that will be a strong sign of a bull market.
The crossing of the downtrend channel I drew yesterday will not signify, in my opinion, a bull market per se, but only the end of the bear market. Which means we can go sideways for a while, and not necessarily up.
Yes, I meant $10,000, Thank you.
And I agree, crossing that trend line was at least a signal of potential downtrend ending. We just need to consolidate that with a few more green days :)
Even though Steem price is lower than what it was yesterday, this has still been such a great week that I wouldn't turn my nose at this $2.76 :)
End of American tax season I guess...and we are finally seeing some signs of real life in crypto market..
I wonder if the number of posts on steemit will now start to increase.
I assume today we will see the market goin down a bit for corrections after the last 2 days
Its good seeing some positivities in the steem and SBD markey. To think there was a time its was as low as $1.5. I hope it stays green for long
Me waiting for price high to mooooon : )
yeah we hope so dude
The Market still looks a bit good this morning. Not bad for business. The truth is, we never really know what to expect from the market but just to be hopeful with each passing day.
The market is encouraging. At least for the first time in a long moment, reward values are increasing and that's cheerful
After a long waiting steem has broke the downtread ..feeling happy ..let it go jump more high ..i am going to cash out this time...
Hopefully Steem stabilizes and we manage to keep some of the gains! We are counting on you BTC! don't let us down!
Top currency market is now on fire...all currency are growing up... In last weak BTC grows 18.28 %... That is really huge..
Steem is down but by only bit... Hope this down fall is only limited to this much....
Thanks for the update. I think cryptos will perform better from the next month and maybe green for 2 months.
I think it's time everything will go to being normal or even better. The crypto currency is full of uncertainties, anything can happen next we never know until it Happens. Anyways nice analysis and thanks for the heads up.
good post..very good luck..i wel to reblog your post..thanks
Quick snapshot of my highest rated #crypto projects by Market Cap & Type of Project. Those in Blue are favorable risk/reward candidates.
Quite stable on the downtrend but still looking great :)