Top 10 Cryptos
At the moment of writing, top 10 assets were bearish, with 9 of them in red, and one in green.
Bitcoin bounced back from $6,500 and it's currently changing hands at $6,400. The rest of the assets are reacting significantly to this dip, but it seems just a sideways correction.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.90 on Coinmarketcap, slightly down from yesterday.
After testing yesterday the 15.5k satoshis upwards resistance, STEEM is now back in the 14k - 14.5k satoshis corridor, trading mainly sideways.
The 1 day chart may still be in the cards for stabilization, but the main outlook remains bearish.
SBD was trading, at the moment of writing, at $1.00, identical with yesterday and at the peg.
The 1 hour chart shows sideways trading, no major spikes
The 1 day chart is also stable, no significant changes
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.093 STEEM for 1 SBD, up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: Bitcoin retraced slightly from $6,500 to $6,400 yesterday and that's what the entire market is all about now. I expect Bitcoin to test the $6,500 resistance level once more today / tomorrow and, if it breaks it upwards, we may see a moderate rally. If it holds, I expect sideways trading for a while. STEEM and SBD are stable.
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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