Top 10 Cryptos
At the moment of writing, the market was consistently bullish, with 8 assets in green and 2 in red
Bitcoin made another jump yesterday, reaching $7,200 and it seems to be staying in that area. The rest of the assets are posting similar gains.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.02 on Coinmarketcap, up from yesterday, both in fiat and BTC.
On the hourly chart, STEEM shows a nice uptick, piercing through the 14k satoshis resistance level
The daily chart is still flat, for the last 2 weeks
SBD was trading, at the moment of writing, at $1.04, up from yesterday and still at the peg.
The 1 hour chart is flat, no major changes
The daily chart is also flat, which, for SBD, is a good thing
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.015 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: The bullish trend continues across the entire market. STEEM went once again above $1 and SBD is maintaining the peg. My outlook for short and medium term is neutral to positive.
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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Surprisingly bullish day. There were chances of a bull day but I did not expect such a run.
Bitcoin broke an ascending triangle and kept uptrending to exceed $7200,
It is now in the upper area of the trending channel with declining volume in the past hours and stochastic moving up we may face a transition or slightly bullish Sunday.
EOS had a nice bull run which let the price exceed the previous high at $6,5. The market is slightly declining this morning forming a bull flag as the volume is decreasing. $6.5 may act as a support together with the 50MA line.
STEEM also experienced a nice bull run recovering from previous day loses. It crossed all the MA lines and reached the $1 level again. Volume is slightly higher this morning and market sentiment seems to be bullish for the day,
We had great day yesterday hope to see anther day like that today
Any idea why Bitcoin Cash jump that high
No idea, but given how few people remained on that boat, a pump of the price should be relatively easy...
I can say we are gonna see BTC going up to 7400 soon. :)
Interesting wave today on the market
I don't know why i'm expecting another big drop soon
Have a great Day steemians and a Blesed weekend.
Regards and thanks for sharing this blog @dragosroua
Hm, it's just a hunch, or do you have some inside info? Like I wrote in the post, my outlook is neutral to positive, but I'd love to hear other opinions too.
As i've posted in some previous blog or comment and based on Fibonacci cycle, we should expect this to happen'to be a drop arround 5000 $ maybe a lil'bit higher ,,, so the road meets between what was the price last year before it started to have that bull-run that ended arround 21000 $ , this time instead being more than 40000$
It's just a humble artistic opinion but maybe in crypto it's not like in music ... based on Fibonacci ... or maybe it is in everything
Regards @dragosroua
Great growth in alts too this time along with bitcoin
Nice to see both SBD and STEEM over $1 again
The market is experiencing a steady increase in price of Bitcoin and other crypto coins because of the wider acceptance of crypto currencies by the masses and also due to the facts that investors are having more confidence for the future of bitcoin
Wake me up when September ends should be change to Wake me up when Bitcoin crossed $10000 mark again.
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Great update information . Thanks for sharing your inform @dragosroua
Good information
I hope this month will great for BTC
Market is looking great this time hopefully bull start it’s journey soon @dragosroua
I m so glad to see this graph.steem and sbd rate 1$ again.that is great news.hopefully rate of steem and sbd mire going up.thanks for sharing.
increased rate is quite surprising