Top 10 Cryptos

At the moment of writing, top 10 crypto assets were correcting down continuing yesterday's trend, and 8 of them were in red and 2 in green.

Screen Shot 2018-09-16 at 11.15.10 AM.png

For the last week Bitcoin floated between $6200 and $6,500, while the rest of the assets followed the same range trading pattern.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $0.71 on Coinmarketcap, identical with yesterday.

The hourly chart indicates that STEEM found a channel at 11k satoshis and he's not able to break out in any direction from it

Screen Shot 2018-09-16 at 11.15.33 AM.png

The daily chart floored at the same level, 11k, for almost a week now

Screen Shot 2018-09-16 at 11.15.40 AM.png

SBD was trading, at the moment of writing, at $0.96, identical with yesterday and still at the peg.

On the hourly chart, SBD is stable at around 14.5-15k satoshis

Screen Shot 2018-09-16 at 11.15.52 AM.png

The daily chart is stable just below 15k satoshis

Screen Shot 2018-09-16 at 11.17.53 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 1.353 STEEM for 1 SBD, slightly up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.

Screen Shot 2018-09-16 at 11.18.07 AM.png

Overall opinion: Markets are continuing to stay more or less flat, and the expectations are starting to build up. STEEM and SBD are very stable. There's an eerie feeling looking at the markets in this flat shape, knowing they can break out in either direction at any moment. My overall outlook is neutral to bullish short term and bullish long term.

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 - September 16th 2018