Top 10 Cryptos
At the moment of writing, top 10 assets were slightly bullish, with 8 of them in green and 2 in red.
Bitcoin is hovering around $6,200 while the rest of the market is still stationary. The assets in red are BCH and TRON, but the losses are not significant.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.35 on Coinmarketcap, up from yesterday in fiat, and in BTC.
The 1 hour chart shows a sudden upswing (probably correlated to SBD spike, see below) which took the price up to 22.5k satoshis, but it is now corrected, and STEEM is trading at 21.7k satoshis
The 1 day chart shows 2 consecutive dojis, which, if there will be enough volume (which isn't) should be considered a serious sign of reversal.
SBD was trading, at the moment of writing, at $1.10, up from yesterday in fiat and in BTC.
The 1 hour chart shows a serious pump, which took the price up to 19k satoshis, right now SBD is trading around 17.5k satoshis.
The 1 day chart shows two consecutive red candles which may signify stabilization or a small reversal
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.821 STEEM for 1 SBD, up from yesterday, and under parity.
Overall opinion: Bulls are trying to hold on to the current price levels, while SBD got another pump, which took STEEM with it for about 1k satoshis. Still very early to tell if this is a consistent reversal or just a short spike in a consistent bear market.
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.
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