Market Snapshot - May 6th 2018

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Top 10 Cryptos

At the moment of writing top 10 assets were predominantly bullish, with 7 of them in green and 3 of them in red, just like yesterday.


Screen Shot 2018-05-06 at 7.08.25 AM.png


Bitcoin didn't break the $10,000 layer, but it maintained its ground. Ethereum broke over $800, while EOS and Cardano are continuing their correction down.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $3.71 on Coinmarketcap, down from yesterday.

The 1 hour chart shows two consecutive dumps on relatively significant volume, taking the price down to 37k satoshis


Screen Shot 2018-05-06 at 7.09.01 AM.png


The 1 day chart is bearish, with 4 red consecutive candles, wiping out the gains of last weeks.


Screen Shot 2018-05-06 at 7.09.08 AM.png


SBD was trading, at the moment of writing, at $3.32 on average, down from yesterday.

The 1 hour chart shows a descending trend, with the current level between 32k-33k satoshis


Screen Shot 2018-05-06 at 7.09.28 AM.png


The 1 day chart doesn't confirm the stopping of the bearish trend, so we're seeing SBD losing another 1k satoshis


Screen Shot 2018-05-06 at 7.09.34 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply, for 1 SBD you get 0.895 STEEM, up from yesterday and below parity


Screen Shot 2018-05-06 at 7.09.56 AM.png


Overall opinion: Markets seem stationary today, on relatively low volume. STEEM lost 3k satoshis getting closer to SBD. Probably markets are preparing ahead of the Consensus event, which will start on May 14th.

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 - May 6th 2018 | Ecency