Market Snapshot - August 11th 2018

Words
323
Reading
2 min
8y
Listen to this post
~2 min

Top 10 Cryptos

At the moment of writing, top 10 assets were sharply down, with all of them in red.


Screen Shot 2018-08-11 at 11.37.29 AM.png


Bitcoin is barely holding up above $6,000 while some other assets are posting double digit losses.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $0.95 on Coinmarketcap, sharply down from yesterday in fiat and significantly down in BTC

On the 1 hour chart, STEEM had a sharp dive, trading below 16k satoshis now


Screen Shot 2018-08-11 at 11.37.50 AM.png


The 1 day chart is retesting 15k satoshis resistance, after a few days of mostly flat trading


Screen Shot 2018-08-11 at 11.37.57 AM.png


SBD was trading, at the moment of writing, at $1.03, almost identical with yesterday, in fiat and in BTC.

The 1 hour chart shows SBD appreciating slightly in Bitcoin, keeping its peg


Screen Shot 2018-08-11 at 11.38.19 AM.png


The 1 day chart is starting to look relatively bullish


Screen Shot 2018-08-11 at 11.38.19 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 1.042 STEEM for 1 SBD, up from yesterday, and above parity.


Screen Shot 2018-08-11 at 11.38.19 AM.png


Overall opinion: Another bloodbath in the crypto markets. STEEM is below $1 for the first time in a long time.

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@dragosroua.


Dragos Roua


Wanna know when you're getting paid?

I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards

It's free to use, but if you think this is a useful addition, I'd appreciate your witness vote.

Thank you!

Psst: new to Steemit? Start Here