Market Snapshot - September 1st 2018
Top 10 Cryptos
The first day of autumn, which happens to be the first day of a weekend too, starts on a rather optimistic vibe: at the moment of writing, top 10 assets were slightly bullish, with 8 of them in green and 2 in red.
Bitcoin climbed back above $7,000 and all the other assets are moving with it. EOS is remarkably high today, with a gain of more than 7%.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.95 on Coinmarketcap, slightly up from yesterday, both in fiat and BTC.
On the hourly chart, STEEM is testing again 14k satoshis upwards, but there isn't much volume to support that trend
The daily chart is still flat, no major changes
SBD was trading, at the moment of writing, at $0.99, identical with yesterday and at the peg.
The 1 hour chart is still on a gentle downtrend, following BTC appreciation
The daily chart is also flat, which, for SBD, is a goo thing
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.040 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: Bitcoin is maintaining the ascending channel after yesterday's minor correction. STEEM is slowly testing the upwards resistance levels and SBD is maintaining the peg. My outlook for short term is moderately 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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We had a recovering day yesterday, markets gained most of the loses from the day before.
Bitcoin reached the $7000 level again after the 50 and 100 MA crossed and a 5 hr short uptrend left the prices at the level they are right now. Volume has been declining this morning and stochastic is on the way down but if the price can maintain the current levels we may reach short-term highs again.
EOS experienced a fantastic bull run which sent the price above previous high at $6,5 after crossing the 50MA line again. There seems to be a minor retracement this morning but uptrend looks still strong and the previous resistance may act as a support to keep price from dropping.
STEEM keept going up little by little and gaining some of the losses from the day before. It just crossed the 100 MA this moring and is trading at $0,95. Volume is very low again but the market may keep the current trend for the day if bitcoin correlation does not push prices down.
Steem might see a sudden spike as far i think its been in the downtrend channel since long time
It's time to stay positive and expect good dividends.
Dogecoin is doing great, Dogecoin volume is 2 time than the steem :(
Market is doing ok.
I like so much to start the reading knowing these rather optimistic vibe And with the bitcoin going up it is question of time that the other currencies raise their value.
August will be an interesting month. Bitcoin is holding over 7k.
I think you meant September, but I like how you think :)
Oh yes, September!
It is time for all currencies to rise, since the beginning of the year a rise was forecast for the last months of the year.
https://steemit.com/steem/@red-rose/hvem-er-satoshi-nakamoto
I have translated your original post to Dutch, I do hope by this your post will have more spread to reach more members and audience...
I hope you accept my idea of doing this to some of your posts, as this will help me also to spread widely...
Samer
By all means :) Thank you!
thank you boss
What I seen in last two days that doge is booming but it’s not in your top 10 chart but seeing it’s growth it is close to come in top 10 @dragosroua what you think will it came in top 10
We would love to see Steem going up and up as soon as possible.
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