Top 10 Cryptos
At the moment of writing top 10 assets were continuing to be bearish, with 9 of them in red, and only one, Cardano, in green
The downtrend continues and Bitcoin seems to go pretty fast through the $7,000 level.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.14 on Coinmarketcap, down from yesterday both in fiat and Bitcoin.
The 1 hour chart shows two consecutive dips, taking the price from 32k satoshis to 30k satoshis.
After a very rough day, the 1 day charts indicates that the bleeding may have stopped, at least for now.
SBD was trading, at the moment of writing, at $1.62 on average, down from yesterday.
The 1 hour chart shows a smaller dip, from 23k to 22k satoshis
The 1 day chart confirms the testing of the 22k satoshis level, which, for now, is holding on.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.762 STEEM, slightly up from yesterday and below parity
Overall opinion: The consistency of the downtrend suggests this may be "THE correction" waited by the majority of analysts before a new bull run. If that's the case, then the market will go at least to the levels of April, if not lower. STEEM and SBD are aligned with this bear market, for now.
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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Hope this bearish market end soon...
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Most welcome @hms18
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Great analysis! I believe the short term scenario for Bitcoin is still very bearish and that price will continue to fall until we are trading below the $6,900 region. Price has began to develop lower highs and lower lows after falling through the support level of $7,500 level. We could see price trade as low as $6,400 by the end of the month.
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Market keeps is smooth downtrend started a few days ago when Bitcoin reached $10000.
EOS seems to be one of the cryptos with stronger price decrease, probably due to the inminent mainnet launch. Price punched $11 and now is trading just above that level.
Steem is right now recovering part of the losses from the last bull 4hr candle but overall trend keeps bearish and I explect price to go down to $2 again.
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Wheeeeee! It's like a slow rollercoaster. Will we crash or go up the other side?
Of course I want my Steem to be worth something, but I want that based on real progress. We know it's a useful coin, so it should be doing better really. I think there's too much emphasis on crypto as an investment commodity. These things were intended to be used.
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It aches my heart seeing all red screen
Where the heck is the bull to do the run ?
If there’s no bull at then we’d use a leopard
Afterall the leopard is faster than the bull
Let someone please do the run
I hate seeing red
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cArdano is the only coin who is in green. no good signs, bleeding every where.
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A big confussion is created this month..no signs of rising and look like the market is drowning.
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This is bloody, i cant believe steem is down to 2.1, hard days i tell you very hard days...
But after every rainfall comes a sunshine
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Steem has gotten to a price that I am anticipating, and I would set SBD buy order to 19,000 satoshi.
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Steem price decrease day by day, its really bad for us now.
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Is steem price coming down not good for those that want to invest in it? I think this is a good time for investors to come into the system and the more investors that come into the system, the more likely the price may go up. Just my novice thought, I can't tell if I'm correct. Just using forex trading analysis here. Hope it starts going up soon
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Market is just scattered and as by now there is no hope for rise trend.
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steem to sbd ratio is correcting, maybe now we will some rise.
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Thanks @dragosroua..this chart is going to help us to know easily on how to calculate our steemit reward ..thanks for sharing this post
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Thank You so much for share again Market Snapshot..Your everyday Market Snapshot is really helpful for us.
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This challenge is making us aware of each other. It is very helpful in making the community grow together. it is also proving us knowledge.
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very nice post
,thank you so muce
sir i'm new joing steemit
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looks like we only just the resistance level for ADA, I could not help but have my mind only on EOS these days, with the launch being so close, I would have thought however that EOS should be on the rise .
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I think next month we start see something big jump :)
because this downwards must end somewhere.
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All top ten currency are freefall and red but Cardano is growing up.. Go Cardano go...
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Everything at the bottom right now but bitcoin got a good pump up along the way :)
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Everything at the bottom right now but bitcoin got a good pump up along the way :)
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