Market Snapshot - June 20th 2018

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Top 10 Cryptos

At the moment of writing, top 10 assets were bearish, but a corrective plateau seems to be forming


Screen Shot 2018-06-20 at 9.25.09 AM.png


Bitcoin is almost back to were it was before the positive news about Square's Cash crypto trading, and all the other assets are still undecided.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $1.59 on Coinmarketcap, slightly down from yesterday in fiat, and in BTC.

The 1 hour chart shows a correction back to previous levels, but again, it seems to be enough support to keep this level for a while


Screen Shot 2018-06-20 at 9.27.21 AM.png


On the 1 day chart, although the last red candle is a bit bigger, the trend suggests a potential stabilization in the 24-25k satoshis corridor


Screen Shot 2018-06-20 at 9.27.33 AM.png


SBD was trading, at the moment of writing, at $1.25, slightly down from yesterday in fiat, and in BTC.

The 1 hour chart took a dive below 19k, and it now struggles to get back


Screen Shot 2018-06-20 at 9.27.56 AM.png


The 1 day chart is still bearish, though


Screen Shot 2018-06-20 at 9.28.03 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 0.780 STEEM for 1 SBD, slightly down from yesterday, and under parity.


Screen Shot 2018-06-20 at 9.28.07 AM.png


Overall opinion: The last two days enthusiasm was short lived and the markets are looking down again. STEEM and SBD lost a bit, but they're still looking strong.

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


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