Market Snapshot - April 30th 2018

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·@dragosroua·
0.000 HBD
Market Snapshot - April 30th 2018
# Top 10 Cryptos

At the moment of writing top 10 assets were predominantly bearish, with 8 of them in red and 2 of them in green.
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![Screen Shot 2018-04-30 at 11.17.54 AM.png](https://steemitimages.com/DQmXJc1CAtaTQ93dAV7MaFWRGVY6zZfdgjSn1MwWV4Gmkg2/Screen%20Shot%202018-04-30%20at%2011.17.54%20AM.png)
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Although Bitcoin is holding off above $9,000, the majority of the alts are correcting. NEO and Tron are the only assets in green, while EOS, the best performer of the last 2 days is correcting heavily.

# STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $3.99 on Coinmarketcap, significantly down from yesterday.

The 1 hour chart shows the price tested 43k satoshis once, on the downwards slope, and it's in the middle of the second testing now.
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![Screen Shot 2018-04-30 at 11.18.17 AM.png](https://steemitimages.com/DQmPR21jJwBZQ9p8cABJG2eqwJvythXM6opAyJY15NSTQTC/Screen%20Shot%202018-04-30%20at%2011.18.17%20AM.png)
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The 1 day chart shows 3 consecutive red candles, indicating a deeper correction (although not wiping previous gains)
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![Screen Shot 2018-04-30 at 11.18.25 AM.png](https://steemitimages.com/DQmUmTicXoNEJsWbbAQ9zRmsfR1UvJg2w7vp53em9oTJeW7/Screen%20Shot%202018-04-30%20at%2011.18.25%20AM.png)
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SBD was trading, at the moment of writing, at $3.35 on average, slightly down from yesterday. 

The 1 hour chart indicates SBD is testing 36k satoshis downwards resistance, it's in the middle of the third test now
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![Screen Shot 2018-04-30 at 11.19.32 AM.png](https://steemitimages.com/DQmeGuaNmnoVvRa4RLk2GqLDxUPM2LimVB9xdKSMAvpFwyS/Screen%20Shot%202018-04-30%20at%2011.19.32%20AM.png)
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The 1 day chart shows that the price is testing 39k satoshis again, twice in the last week
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![Screen Shot 2018-04-30 at 11.19.42 AM.png](https://steemitimages.com/DQmYDZudzz5dsinHppLxGSnFPscLRUhFPQBanjfwB9WHhzy/Screen%20Shot%202018-04-30%20at%2011.19.42%20AM.png)
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# SBD to STEEM Ratio

At the moment of writing, according to [steem.supply](http://steem.supply), for 1 SBD you get  0.849 STEEM, slightly up from yesterday and below parity 
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![Screen Shot 2018-04-30 at 11.17.01 AM.png](https://steemitimages.com/DQmTEuyF36ma6EkxhksLdyvGSxeMZQ6wLxJpXsajpPhnZuT/Screen%20Shot%202018-04-30%20at%2011.17.01%20AM.png)
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## Overall opinion: After a very bullish Sunday, markets are correcting. Probably some traders are quick to take profits, or it may be because low trading volume related to the Labor Day mini-holiday. STEEM lost 1k satoshis and it's testing this layer for the second time today, but we're still up from 2 weeks ago. SBD is going down just a tad slower than STEEM.

_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._
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_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._
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![Dragos Roua](http://dragosroua.com/wp-content/uploads/2014/05/bamf-e1448824881306.png)</center>
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<img src ="https://steemitimages.com/DQmY5EgrAesnAbWyBazuHaA2Rqb2y9kkJjX4SkGq4NqA9b1/Screen%20Shot%202018-02-16%20at%2011.30.44%20AM.png" width="250" heigh="100">
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