This is my fifteenth day from the 30 days writing challenge I'm doing during January. Basically, I'm writing each day an article on a topic that I'm interested in, or something that I'm just learning. I tag these posts with #challenge30days, if you want to join, all you have to do is to use the same tag. Each day I will also pick 3 articles and give them a full upsteem. For all the details and the motivation, have a look at the introductory post.

Top 10 Cryptos

At the moment of writing, top 10 cryptos were slightly bearish, with 6 in red and 4 in green.

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The markets look stationary, although the majority of the red can be misleading. Both Bitcoin and Ethererum are stable around their resistance levels ($14k and $1,335, respectively), while the rest of the tokens are showing just minor corrections. The only currency showing double digit growth is NEO, which also went over $10 billion in capitalization.

STEEM And SBD

At the moment of writing, STEEM was trading, on average at $5.97 on Coinmarketcap, up from yesterday. On Bittrex, the 30 minutes chart two unsuccessful attempts to break over 46k satoshis, on significant volume, followed by a flat correction.

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The 1 hour chart is more conclusive, showing two upswings around 45k, followed by a correction higher than the previous low.

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The 1 day chart suggests a more volatile day, but supports the upwards trend.

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SBD was trading, at the moment of writing, at $6.44 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows an attempt to break up above 53k satoshis, but very little strength (candle wick is very long, indicating bull weakness).

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The 1 hour chart indicates a potential resistance around 47k satoshis, but still under pressure.

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The 1 day chart confirms the exit of the down corridor and the start of a sideways trading pattern.

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Overall opinion: STEEM and SBD briefly reached parity yesterday, but SBD recovered slightly. The buying pressure on SBD seems to weaken, while STEEM is continuing to appreciate. I expect parity to be reached again in the very short term and the reversal of the value to be the norm (STEEM trading higher than SBD, that is).

Previous Posts In The Challenge

• Markets Snapshot - Day One
• Markets Snapshot - Day Two
• Markets Snapshot - Day Three
• Markets Snapshot - Day Four
• Markets Snapshot - Day Five
• Markets Snapshot - Day Six
• Market Snapshot - Day Seven
• Market Snapshot - Day Eight
• Market Snapshot - Day Nine
• Market Snapshot - Day Ten
• Market Snapshot - Day Eleven
• Market Snapshot - Day Twelve
• Market Snapshot - Day Thirteen
• Market Snapshot - Day Fourteen

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 where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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