Market Snapshot - July 18th 2018 | Ecency

Top 10 Cryptos

At the moment of writing, top 10 assets were extremely bullish, with 9 of them in green and one in red (Tether)

Screen Shot 2018-07-18 at 10.58.53 AM.png

Bitcoin pierced up through the technical $6,800 level like it wasn't even there and is now posting double digit growth after many months of bear market. All alts are following suit, and some of them, like Stellar, are posting more than 20% gains.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $1.65 on Coinmarketcap, up from yesterday in fiat, and in BTC.

The 1 hour chart is quite bullish, going twice over 23k satoshis and now correcting around 22.5k satoshis

Screen Shot 2018-07-18 at 10.59.13 AM.png

The 1 day chart is finally a bit more consistent on the uptrend, with 3 consecutive green candles

Screen Shot 2018-07-18 at 10.59.24 AM.png

SBD was trading, at the moment of writing, at $1.36, up in fiat from yesterday, but slightly down in BTC.

The 1 hour chart is following STEEM pattern relatively close, trading now around 18.5k satoshis

Screen Shot 2018-07-18 at 10.59.45 AM.png

The 1 day chart is also a bit bullish too

Screen Shot 2018-07-18 at 10.59.49 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 0.838 STEEM for 1 SBD, down from yesterday, and under parity.

Screen Shot 2018-07-18 at 11.13.09 AM.png

Overall opinion: Bitcoin strong uptick over the key resistance at $6,8k suggests a trend reversal, but it still remains to be seen if the gains will conserve over the next weekend. STEEM appreciated in a promising way and SBD is trading again above the peg (I adjusted my price feed bias a couple a days ago). SBD printing rate increased form 29% to 36% over the last 24 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.