Market Snapshot - February 23rd 2018
Top 10 Cryptos
At the moment of writing all top 10 assets were in red.
Some of the assets, like Ethereum, are posting very small losses, and the overall sentiment is of stabilization.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.69 on Coinmarketcap, slightly up from yesterday.
On Bittrex, the 30 minutes chart shows a very significant upwards move, going on strong for the last hour.
The 1 hour chart is confirming a lot of volume in that upswing, which went from 33.5k satoshis to over 36k satoshis in just two hours.
The 1 day chart shows the first long green candle in more than 10 days:
SBD was trading, at the moment of writing, at $4.41 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows a similar upswing with STEEM, only with a higher variation:
The 1 hour chart suggests that the uptrend, although consistent, may be short lived (very long wick on the last green candle).
The 1 day chart suggests that a bottom was found and price will probably stop for a while around 40k satoshis.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.154 STEEM with 1 SBD, significantly down from yesterday and chances to reach the parity are increasing.
Overall opinion: STEEM and SBD are rebounding on a rather bearish market, which signifies very positive sentiment towards the two assets. Other tokens are cautiously trying to maintain the support they found during the last few hours.
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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This weekend's cryptos correction started earlier than expected. It is wonderful seeing steem and sbd pumping amidst this bearish market.
I joined the market around mid January so as you can imagine I have seen nothing but reds for quite some time now. I hope this will help the market to heal in long run. Though I can't shake off the feeling that the large spike from last December is going to come again and it is going to be even more brutal when it pops again.
We see here some correction of the market
i see here great buy opportunists for short and long terms keep in main that there are very high volatility in the market which is great for short time trading
I think it's a good moment to buy steem vs SBD, the ration Steem/SBD may reverse and playing two positions on a middle term may generate some decent profits.
Just sharing my troughs :)
I just hate those red days
You have to love it in this game...... Lols.
I cant wait to get SBD back to $5 so i can sell the little i have. The market has gone down a plunge but i hope it recovers soon enough. Thanks for the info
It is good for us that steem and SBD are rebounding. I just hope the trend is progressive and not that it terminates soon.
like always crystal clear info . You are the MAN @dragosroua ! Cheers....
your post so . good and helpfull thank you so much for sharing
Wow with the upward trend I think this will be good coz it's already looking good this morning...