Market Snapshot - July 16th 2018 by dragosroua

View this thread on steempeak.com
· @dragosroua ·
$2.57
Market Snapshot - July 16th 2018
# Top 10 Cryptos

At the moment of writing, top 10 assets were predominantly bullish, with 9 of them in green and 1 in red 
***
![Screen Shot 2018-07-16 at 8.15.09 AM.png](https://cdn.steemitimages.com/DQmfGahNWsKoFbDAgJotGS9DG1gcDxfPHbMuw5SDL78zjc3/Screen%20Shot%202018-07-16%20at%208.15.09%20AM.png)
***
Bitcoin started to climb again over $6,300, banking in the positive news from Coinbase. Stellar and Cardano aare keeping their gains. Ironically, the only asset posting a small loss is Tether.

# STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $1.32 on Coinmarketcap, almost identically with yesterday in fiat, and in BTC. 

The 1 hour chart is flat around 20k-21k satoshis
***
![Screen Shot 2018-07-16 at 8.15.28 AM.png](https://cdn.steemitimages.com/DQmYpDEBA2vvtXc3kMvL6drqHusDGrowoM2gVAhryS1sftC/Screen%20Shot%202018-07-16%20at%208.15.28%20AM.png)
***
The 1 day chart is stationary at 20k satoshis, for 5 days in a row now
***
![Screen Shot 2018-07-16 at 8.15.34 AM.png](https://cdn.steemitimages.com/DQmV6LzmjkQ79Zox7pYePC6MStaQhHyT1fjrVxkqBaG3oZi/Screen%20Shot%202018-07-16%20at%208.15.34%20AM.png)
***
SBD was trading, at the moment of writing, at $1.10,  same as yesterday.

The 1 hour chart identical for the last 60 hours, around 17k satoshis
***
![Screen Shot 2018-07-16 at 8.15.50 AM.png](https://cdn.steemitimages.com/DQmdUFi5SG8zQVhjnETU8qbx7H6DMfdyb1mWVxW8PSDbYbh/Screen%20Shot%202018-07-16%20at%208.15.50%20AM.png)
***
The 1 day chart is stationary around the same level, and stability for SBD is always a good news
***
![Screen Shot 2018-07-16 at 8.15.56 AM.png](https://cdn.steemitimages.com/DQmRxfCo8aZc1pfZTbbaS4Jw4hEPbchvfc451EKYnnAkn1r/Screen%20Shot%202018-07-16%20at%208.15.56%20AM.png)
***
# SBD to STEEM Ratio

At the moment of writing, according to [steem.supply](http://steem.supply) you could get  0.843 STEEM for 1 SBD, a bit higher than yesterday, and under parity.
***
![Screen Shot 2018-07-16 at 8.16.00 AM.png](https://cdn.steemitimages.com/DQmUTGgKwzEoyKRYAEfBU85SeME8dBta9oFBTqaWyKnZUBD/Screen%20Shot%202018-07-16%20at%208.16.00%20AM.png)
***

## Overall opinion: It's always refreshing to start the week on a bullish note, especially when you've been in a bear market for almost half a year. Let's see if this trend holds for the rest of the week. STEEM and SBD are keeping their positions, for now.

_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](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
<center>
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<hr/>
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👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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@biplobss ·
Thank you, Sir, every post is very nice for you to share such a nice post and you share a very nice and important post Thank you very much.
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@biplobss ·
Thank you, Sir, every post is very nice for you to share such a nice post and you share a very nice and important post Thank you very much.
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@techxegama ·
Whats happen as we compare previous week and this week its no stability in prices.what will be the effect of new licence on btc.
👍  
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@bankthecrypto ·
$0.10
Few more days like this and we back on track
👍  , ,
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@zohaib336 ·
Its great that looking some jump in many coins.
👍  
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@techxegama ·
Whats happen as we compare previous week and this week its no stability in prices.what will be the effect of new licence on btc.
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@faraz33 ·
We can not seeing stability in last days. But the good new is that overall progress is going up.
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@hms818 ·
$0.08
Red color on tether looks good...
👍  ,
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@obest ·
$0.06
I hope the bullish trends of the market will be sustain moving forward in other to boost investors confidence in the market.
👍  
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vote details (1)
@botefarm ·
$0.06
Steem to sbd ratio hasnt increased that much.
There is hope and sustainability here, have you heard of surpassinggoogle plead to vote for steem on kucoin?, what do you have to say.
👍  
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vote details (1)
@santigs ·
$0.19
We had a little sustained uptrend yesterday in most assets.
Bitcoin managed to reach previous high resistance and bounced down while 200 MA up crossed the 100 MA line. Volume declining this morning and we need the bulls to push up and force the market to cross the 50 MA line to keep the uptrend.

![Screen Shot 2018-07-16 at 09.37.05.png](https://cdn.steemitimages.com/DQmRxioxh6Q9oftiP9YYs6bdArtvkhwt12ocQ3j28D2v27i/Screen%20Shot%202018-07-16%20at%2009.37.05.png)

EOS broke an ascending triangle on the upper side while 200 and 100 MA lines crossed. It managed to reach the 50MA which acted as a resistance and forced the price to bounce down. Then the upper triangle line seemed to act as a support and the price is slowly moving up this morning.

![Screen Shot 2018-07-16 at 09.37.32.png](https://cdn.steemitimages.com/DQmfJgcEnXBQLyZPQ5yDxkcTHo5Ef7B3Jnjzbd8NxEe5UtQ/Screen%20Shot%202018-07-16%20at%2009.37.32.png)

STEEM draw an identic pattern with a much narrow path. Price is in the $1,3 area  and next target should be the 50MA line at $1,36

![Screen Shot 2018-07-16 at 09.37.50.png](https://cdn.steemitimages.com/DQmexSXN7w2GMZSPu75NDpjR8kSyM1DHmXoEQoR6Zf8WcFG/Screen%20Shot%202018-07-16%20at%2009.37.50.png)
👍  , ,
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vote details (3)
@powerupme ·
$0.06
I hope crypto market move as soon as possible . Nice inform , your every post is helpful for steem workers .

Thanks for sharing @dragosroua
Upvote you .
👍  
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@blazing ·
$0.06
Bitcoin is looking bullish today lot of FOMO in action
👍  
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