Top 10 Cryptos

At the moment of writing top 10 assets were predominantly in red, with two assets in green.

Screen Shot 2018-03-14 at 11.22.02 AM.png

Bitcoin is maintaining above $9,000, while Monero got out of top 10, following NEM appreciation.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $2.62 on Coinmarketcap, slightly up from yesterday.

On Bittrex, the 30 minutes chart a relatively flat trading after yesterday's sell off, followed by a consistent upwards correction and then stabilization around 28.5k satoshis.

Screen Shot 2018-03-14 at 11.21.04 AM.png

The 1 hour chart shows a perfect "cup and handle" pattern (usually considered bullish).

Screen Shot 2018-03-14 at 11.21.11 AM.png

The 1 day chart is showing the first consistent green candle after more than two weeks of bearish pressure.

Screen Shot 2018-03-14 at 11.21.16 AM.png

SBD was trading, at the moment of writing, at $2.96 on average, up from yesterday. The 30 minutes chart on Bittrex shows a steady uptrend, almost to the point of calling it a "pump"

Screen Shot 2018-03-14 at 11.21.28 AM.png

The 1 hour chart suggests potential stabilization around 32k satoshis, 4k satoshis above yesterday's level

Screen Shot 2018-03-14 at 11.21.36 AM.png

The 1 day chart shows two consecutive green candles, a solid sign of reversal:

Screen Shot 2018-03-14 at 11.21.43 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply, you could buy 1 STEEM with 1.1137 SBD, slightly up from yesterday and parity is again broken.

Screen Shot 2018-03-14 at 11.22.07 AM.png

Overall opinion: Markets are stabilizing and no significant move can be seen at the moment. SBD appreciated again and the parity is broken, which mean you can, again, get some cheap STEEM. Both assets seem on the verge of a new bull run, but more signals must be present for that scenario to prevail: more volume and closing day candles without upwards wicks.

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 Hive account@dragosroua.

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Market Snapshot - March 14th 2018