Market Snapshot - June 9th 2018

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Top 10 Cryptos

At the moment of writing top 10 assets were slightly bullish, with 9 of them in green and 1 in red, a mirror of what we had yesterday.


Screen Shot 2018-06-09 at 11.19.32 AM.png


As expected, the weekend starts on a moderate bullish pattern, but the gains are relatively small.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $2.28 on Coinmarketcap, slightly down from yesterday both in fiat and in Bitcoin.

The 1 hour chart shows stabilization around 30k satoshis, indicating that this resistance level might hold, for now


Screen Shot 2018-06-09 at 11.19.46 AM.png


The 1 day chart shows a very small green candle, indicating potential stabilization, but the volume is still very low


Screen Shot 2018-06-09 at 11.19.52 AM.png


SBD was trading, at the moment of writing, at $1.66, , slightly down from yesterday.

On the 1 hour chart, seems we're forming a new resistance, in the 21.5 k- 21.75k satoshis corridor


Screen Shot 2018-06-09 at 11.20.03 AM.png


The 1 day chart indicates a very gentle downtrend, on low volume


Screen Shot 2018-06-09 at 11.20.10 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 0.727 STEEM for 1 SBD, up from yesterday, and under parity.


Screen Shot 2018-06-09 at 11.19.24 AM.png


Overall opinion: Markets are doing the "traditional" weekend rebound, but the changes are so small, that we could safely call this flat trading. STEEM and SBD are following suits, without too much swinging around.

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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Market Snapshot - June 9th 2018 | Ecency