Market Snapshot - April 17th 2018

in steemit •  7 years ago  (edited)

Top 10 Cryptos

At the moment of writing top 10 assets were bullish, all of them in green, with one asset, Cardano, posting double digit growth.


Screen Shot 2018-04-17 at 10.41.39 AM.png


Seems lik the positive sentiment is maintained across the markets, with Bitcoin crossing back above $8,000.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $2.76 on Coinmarketcap, up from yesterday.

On Bittrex , the 30 minutes chart is showing a spike from 32k to 34k satoshis, on significant volume


Screen Shot 2018-04-17 at 10.37.03 AM.png


The 1 hour chart indicates that the 34k satoshis is becoming a new resistance level


Screen Shot 2018-04-17 at 10.37.10 AM.png


The 1 day chart shows an upward correcting green candle, trying to pierce through the 34k satoshis level


Screen Shot 2018-04-17 at 10.37.20 AM.png


SBD was trading, at the moment of writing, at $2.52 on average, slightly up from yesterday.

The 30 minutes chart on Bittrex shows a steep uptrend, on significant volume, trying to break up through the 31.5k satoshis level:


Screen Shot 2018-04-17 at 10.37.34 AM.png


The 1 hour chart indicates the 31.5k satoshis may become a new resistance, though, as it was tested 3 times during the last 2 days


Screen Shot 2018-04-17 at 10.37.40 AM.png


The 1 day chart showing a smaller green candle than in STEEM, confirming the slow decoupling of the two currencies


Screen Shot 2018-04-17 at 10.37.46 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply, for 1 SBD you get 0.922 STEEM, slightly down from yesterday still below parity.


Screen Shot 2018-04-17 at 10.41.39 AM.png


Overall opinion: The positive sentiment is growing across the entire crypto markets. STEEM had a 6% increase day to day (SBD a little over 4%) showing constant interest, although without any spectacular increase.

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.


Dragos Roua


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Good

Trading volume is quite low these days so we should wait til the trend is confirmed.

Thanks for the update. Your top picture seems to be from another day again!?

Thanks for th tte heads up, what would I do without your eagle eyes? :)

I only know what you would not do and that's an annoying post edit :-)

Slow and steady recovery for steem I guess....

Bitcoin market seems to have been in a trading range for the past two days showing indecision. Net volume (lowest line chart) clearly shows low volumes after Thursday spike. It is savvy not to trade until more volume and a much clear trend shows up.

Screen Shot 2018-04-17 at 10.03.34.png

Hey! Nice chart!

Remember a few months back were discussed the marketcap required to make the top 100 on CMC?
We were counting down to $US100 million, now you need that to get onto the top 120.
The market is growing in multiple dimensions.

Good afternoon Dragos!
What i notice is the rewards are back just in sbd and steem power. Should that be because the increase in value of both of them?
In a way was cool to get steem as well...
Have a great day!

no, it's because the price feed bias increased again above the threshold.

I hope the market stabilizes with btc over 8000$ and a new support @ 300 billion market cap, it will be a step up from the previous support of 250b.

There was a sudden bull run, its a good sign we might be hitting the .3 again pretty soon

Thanks to steem supply

Yeap, I saw it too.

This month the market rising slowly but steem and sbd rising percentage is quite better. Hope next month it will gain more.

Always nice to see that steem is going upward steadily. Let's hope for the best. Thanks for sharing about the indepth of steem and SBD price. @dragosroua

Steem is taking the lead forward and can soon touch the 50K plus satoshies mark :D

Well markets, was injected by a few big orders, and a lot of stop losses of shorts were taken out, and now is still going no-where, probably more pump, and can later dump again, after facing a lot of resistance.

nice sumary! thanks

I am very confident for the next six weeks. I predict a slight upward trend. We'll see!

It’s nice to see sentiment and price increasing. The last couple months have been brutal.

Steem showing wavy behavior at the moment. It was quite stable few days ago.

In BINANCE its having the resistance at point 32k sats

At BINANCE the resistance is at around 32k sats... expecting some upmove with BTC up...

Seems like STEEM won't go higher unless the other large spike in SBD price would happen.

Care to give me the rationale behind this? :)

$STEEM still looking hot and ready for a pop

The report is very cool and very distinctive
I expect all the currencies will rise because the Petcown has risen

we all love this greenery

Steem is taking the lead forward and can soon touch the 50K plus satoshies mark

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
ADACardano0.264$6.65%55.26%
BTCBitcoin8165.230$3.08%17.79%
SBDSteem Dollars3.125$16.61%58.44%
STEEMSteem3.140$12.98%60.14%