Market Snapshot - February 25th 2018

Words
392
Reading
2 min
9y
Listen to this post
~3 min

Top 10 Cryptos

At the moment of writing all top 10 assets were predominantly red, with only 2 assets in green: Litecoin and IOTA, which made it to the top 10 again.


Screen Shot 2018-02-25 at 11.10.59 AM.png


The entire market looks slightly bearish, if not stationary at the moment.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $3.47 on Coinmarketcap, down from yesterday. in fiat, but up in Bitcoin (see below)

On Bittrex, the 30 minutes chart shows a very gentle bullish trend, going over 34k satoshis.


Screen Shot 2018-02-25 at 11.11.08 AM.png


The 1 hour chart shows sideways trading, but also with a very subtle bull look.


Screen Shot 2018-02-25 at 11.11.14 AM.png


The 1 day chart shows the same level for 5 consecutive days, with very little variation.


Screen Shot 2018-02-25 at 11.11.20 AM.png


SBD was trading, at the moment of writing, at $3.97 on average, down from yesterday both in fiat and Bitcoin. The 30 minutes chart on Bittrex shows sideways trading between 39k and 37k satoshis.


Screen Shot 2018-02-25 at 11.11.31 AM.png


The 1 hour chart looks predominantly bearish, although it's mostly sideways trading.


Screen Shot 2018-02-25 at 11.11.37 AM.png


The 1 day chart shows a slow descending trend, with the 40k satoshis resistance level broken.


Screen Shot 2018-02-25 at 11.11.42 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply, you could buy 1.146 STEEM with 1 SBD, down from yesterday.


Screen Shot 2018-02-25 at 11.11.42 AM.png


Overall opinion: Looks like markets are simply traded less than before, and the small variation implies lack of interest from traders or caution. STEEM appreciated slightly in Bitcoin, while SBD is going down. We may see parity again sometimes by the end of next week if nothing major interferes.

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

Market Snapshot - February 25th 2018 | Ecency