Top 10 Cryptos
At the moment of writing top 10 assets were all in green, 6 of them posting double digit gains.
Bitcoin bounced back to above $9,000 after it went as low as $8,500 yesterday. The market bounce, although encouraging, doesn't ye make for the losses of the precedent days.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.68 on Coinmarketcap, sharply up from yesterday.
On Bittrex, the 30 minutes chart shows a consistent upwards slope, on increasing volume
The 1 hour chart shows that yesterday dive is almost completely recovered.
The 1 day chart is very slightly bullish: after a small red candle with a very long downside wick, today seems to form a longer green candle.
SBD was trading, at the moment of writing, at $2.66 on average, up from yesterday. The 30 minutes chart on Bittrex shows an upwards slope, but with a smaller angle than STEEM and much bumpier.
The 1 hour chart indicates potential stabilization below previous high.
The 1 day chart confirms the decoupling of SBD from STEEM noticed a couple of days ago: SBD is still going down, while STEEM is slightly bullish:
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1 STEEM with 1.011 SBD, down from yesterday and we're slightly under parity.
Overall opinion: Markets are bouncing back after last week carnage. STEEM and SBD recovered both in Bitcoin and fiat, which indicates bullish sentiment. SBD is decoupled from STEEM and heading back to the peg.
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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