This is my twenty sixth 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 in red, with only 1 token posting a small gain.

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"Established" currencies, like Bitcoin, Ethereum or Litecoin, are posting small corrections, while the "performers", Ripple, Cardano and Neo are seeing a deeper dive.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $6.03 on Coinmarketcap, slightly down from yesterday, but relatively stable. On Bittrex, the 30 minutes chart shows a correction after yesterday's spike, with stabilization around 53k-55k satoshis.

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The 1 hour chart shows a much nicer situation, with the last spike sustained and not too much downward pressure.

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The 1 day chart a correcting candle around the 58-60k resistance level, suggesting the price may breathe here for a while, testing.

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SBD was trading, at the moment of writing, at $6.60 on average, sightly down from yesterday. The 30 minutes chart on Bittrex shows a steeper slope down than STEEM, suggesting SBD is depreciating faster.

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The 1 hour chart suggests that price is testing the down resistance around 59k.

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The 1 day chart shows two consecutive correcting candles, testing the 59k resistance level for the second time in one week.

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SBD to STEEM Ratio

At the moment of writing, according to steem.supply, you could buy 1.093 STEEM with 1 SBD, down from yesterday and the two tokens are virtually at parity.

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Overall opinion: STEEM is conserving the gains from yesterdays' new money influx and SBD is accelerating the downturn. It all depends now on the weekend potential pump. If there's still enough buying power for SBD, we may see decoupling again and a higher SBD, if not, STEEM may become more valuable than SBD.

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
• Market Snapshot - Day Fifteen
• Market Snapshot - Day Sixteen
• Market Snapshot - Day Seventeen
• Market Snapshot - Day Eighteen
• Market Snapshot - Day Nineteen
• Market Snapshot - Day Twenty
• Market Snapshot - Day Twenty One
• Market Snapshot - Day Twenty Two
• Market Snapshot - Day Twenty Three
• Market Snapshot - Day Twenty Four
• Market Snapshot - Day Twenty Five

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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Wanna know when you're getting paid?

	I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards

It's free to use, but if you think this is a useful addition, I'd appreciate your witness vote.

Thank you!

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