Top 10 Cryptos
At the moment of writing, top 10 assets were bearish, with all of them in red
Bitcoin is heading down to $6,000 and, although it's not there, the price velocity may suggest it will go under in the next few days. All other alts are on a similar downtrend.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.25 on Coinmarketcap, almost identical with yesterday in fiat, and in BTC.
The 1 hour chart suggests stabilization between 20k and 21k satoshis
The 1 day chart indicates that STEEM is testing a key level, 20k satoshis, which was from where the December 2017 rally started and which was touched again during April. If this level is broken, STEEM may go as low as 10k satoshis
SBD was trading, at the moment of writing, at $1.06, down from yesterday in fiat and in BTC.
The 1 hour chart shows another significant correction during the last few hours, keeping the price just floating above 17k satoshis
The 1 day chart is relatively flat and it may indicate the pump and dump days of SBD may be over
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.846 STEEM for 1 SBD, down from yesterday, and under parity.
Overall opinion: The general bearish sentiment is taking steam, and if Bitcoin pierces through $6,000 it may lead to another big wave of dips. STEEM is at a critical level now, while SBD reached stability.
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.
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|