Market Snapshot - May 9th 2018

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Top 10 Cryptos

At the moment of writing top 10 assets were bearish with only one of them in green.


Screen Shot 2018-05-09 at 8.53.02 AM.png


Bitcoin lost about $250 and it's trying hard to maintain the $9,000 level, while all the other alts are posting relevant losses.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $3.35 on Coinmarketcap, significantly down from yesterday.

The 1 hour chart shows a nice upswing from 37k to 39k satoshis, followed by a sharp connection back to the previous level


Screen Shot 2018-05-09 at 8.53.50 AM.png


The 1 day chart shows a consistent red candle, cancelling the slowdown potential spotted yesterday .


Screen Shot 2018-05-09 at 8.54.01 AM.png


SBD was trading, at the moment of writing, at $2.81 on average, significantly down from yesterday both in fiat and BTC.

The 1 hour chart shows a very sharp correction during the last few hours, in which SBD went from 39k to 37k satoshis


Screen Shot 2018-05-09 at 8.54.32 AM.png


The 1 day chart suggests an acceleration of the downtrend, cancelling also the potential for stabilization indicated yesterday.


Screen Shot 2018-05-09 at 8.54.38 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply, for 1 SBD you get 0.839 STEEM, down from yesterday and below parity


Screen Shot 2018-05-09 at 8.54.59 AM.png


Overall opinion: Markets are correcting sharply today and STEEM is following suit. SBD is depreciating a bit faster than usual..

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 9th 2018 | Ecency