Top 10 Cryptos
At the moment of writing, top 10 assets were predominantly bearish, with 9 of them in red and only 1 in green
Yesterday's downtrend seems to accentuate today, as the losses are more significant. Some tokens are offsetting the previous gains, like EOS, which is under $8 now, while Bitcoin is still above $6,500.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.40 on Coinmarketcap, significantly down from yesterday in fiat, and in BTC.
The 1 hour chart shows that the 23k resistance was broken and price went down 2k satoshis in just a day
The 1 day chart shows 3 consecutive red candles and the previous gains are now pressured
SBD was trading, at the moment of writing, at $1.17, down from yesterday in fiat and in BTC.
The 1 hour chart shows a similar loss with STEEM, only from 19k satoshis to around 17.3k satoshis
The 1 day chart is becoming rapidly bearish, with the previous gains now offset
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.840 STEEM for 1 SBD, up from yesterday, and under parity.
Overall opinion: The correction seems to blend into a downtrend for now, the growth seems to be blocked and the chances fo Bitcoin to reach $7,000 smaller and smaller. The other tokens are reacting even harder to this brake, including STEEM and SBD which both lost around 2k satoshis of their value in the last 24 hours.
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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