Top 10 Cryptos
At the moment of writing, top 10 assets were predominantly bullish, correcting slightly after yesterday's deep dive
Bitcoin is heading once again towards the $8,000 level, while the alts are looking more or less undecided.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.27 on Coinmarketcap, slightly down from yesterday in fiat and in BTC.
On the 1 hour chart, STEEM is showing a rapid correction: after hitting as high as 17k satoshis, it is now down to test the 16k satoshis resistance line
On the 1 day chart, the 16.5k testing level is broken and we're looking at the next, 16k satoshis level for the next few days
SBD was trading, at the moment of writing, at $1.11, slightly down in fiat from yesterday, and down in BTC.
The 1 hour chart shows a descending trend towards 14k satoshis
The 1 day chart is flat around 14k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.865 STEEM for 1 SBD, up from yesterday, and under parity. SBD printing rate is 26.33%, down from yesterday.
Overall opinion: Bitcoin is starting to correct but it's still unclear if the bear trend will continue. SBD is stabilizing and the printing rate is going down, which I consider a good thing. STEEM lost a little, but still stable, in the grand scheme of things.
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 |
Since your post looks like market had another leg down. As a crypto believer in the future as a currency I want the market to flush out now.
Let it all go back to pre 2017 and create an opportunity of a life time for all newcomers. I really doubt the slow drops will stop many believers from getting out. This type of investment is once in a lifetime. Thanks.
The markets seem to have reached a final bouncing after the strong correction.
Bitcoin developed a clear reversal pattern with a big bear candle, a dogi, and a new big bull candle after touching the downtrend line for the second time yesterday. Volume has started to decline after the reversal and the price is approaching the 200 MA line. As the day goes by we will have to see if the reversal keeps progressing.
EOS seemed to had entered into a trading range after just falling inside the descending triangle. Price had a final dip and reversed at midnight and now needs to hit the 200 MA to get out of the triangle and resume the uptrend. The volume is also declining and Stochastic not on strong overbought yet.
STEEM has been in a trading range around $1,2 all day yesterday. Volume is slightly higher than previous days and the market needs to react to be able to break out in either direction.
Finally, it is interesting to see how a mathematical forecast model has been changing in the past days. The long-term forecast used to show a big decline with a price prediction in negative, now it is showing the market reversal with a long-term prediction finally in positive. It is only a mathematical forecast but a nice indicator that the market may be finally turning around.
Slowly slowly the market is cover up
For many investors this mornings drop in value would have sent warning signals after the amount of times the market has pumped and then had a major sell off. The first half of the morning saw price close below the $7,800 support level and rally to as low as $7,442 before seeing price find its feet at the minor support level of $7,500 and creeping back up too $7,670 where its currently trading.
The 4hr chart highlights the clear rejection of the $7,500 level before forming a strong bullish engulfing candle to send price back up to $7,670. The most likely short term scenario for me is a retest of the $7,800 and a possible continuation of this bearish movement down to the support of $7,500 and potentially $7,250. It will depend on how price reacts to the $7,800 level as to whether this will play out. On the other hand price could break and close above this resistance level and push back towards $8,000 price range.
@dragosroua hope everything is fine with you...
How is the "kitchen" doing with the @runcoin dish? ;-)
Steem on!
Hey, thanks for asking, I'm fine, which I hope is also true for you :)
The @runcoin dish is safely stored in a cupboard, until the main ingredient, SMT, will arrive :)
hahahhahah!! yes, it's true, one day more and I will be officially on holidays!!!!!
Excellent!
I wonder if we could do something similar to what actifit has done ....
I am ready to "migrate" all the @runningproject approved members to @runcoin
I don't know what actifit did, but once @runcoin is up and running, I am ready to discuss whatever integration you have in mind.
I still think we should link the Strava activity to the @runcoin app itself or link to the fitness watch directly maybe we should contact some dev at discord...
Last 7 days steemit price
![IMG_20180802_134735.png]
last 6 coin now price (
It is going to be a gradual recovery process for Bitcoin as I still believe that Bitcoin reach the 8,000 dollar mark before the end of the week. I am also glad to see the market in bullish mood
Well... still hoping for that rise by year's end
Steem at the lowest point alts finding no support level at all
Common, yesterday's dip was scary. I was already thinking so many things.
Another best time to buy more steem with USDT.
This crypto market is test of one's patience...
Good buying opportunity:)
Good review sir.Much obliged for sharing it
We are hoping for the increase in steem because the revenues on our daily blogs are going down instead of increasing.
Previous blog's revenues is about 5% down.
Thank you for updating us.
Good to see that Bitcoin is climbing up towards 8000 $. It is best to invest some fiat into steem
Market does not look that good in my opinion. I'm not that sure if Bitcoin is heading back to 8k or 7k, since we are currently hanging in the middle of it (7500$ now). Alts seem to lose in value currently with Steem testing the 16000 Sats and trading around 1.23$. I'm not that sure how things are calculated exactly, but I lost quite a bit in voting value. While 10.000 SP was bringing an upvote of 0.84$ yesterday at 100%, it only gives 0.76$ currently heading even more down with every hour passing. Any idea if this is good or not? Because you wrote that the printing rate is down. Thanks.
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