Top 10 Cryptos
At the moment of writing top 10 assets were bullish, all of them in green, but the gains were under 2%.
Bitcoin seems to get comfortable around $6,800, and all the other assets are showing signs of correction. We're still in bear territory, as the volume and gains are very small.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.87 on Coinmarketcap, almost the same as yesterday.
The 1 hour chart shows an attempt to move the price above 28k satoshis (from 25k). The correction down took the price around 27l satoshis, where it seems to stabilize, for now.
The 1 day chart suggests a new resistance around 27k satoshis, the last two days are basically flat around this level.
SBD was trading, at the moment of writing, at $1.46, , almost the same as yesterday.
The 1 hour chart shows a short lived upswing (probably correlated with STEEM's upswing) and then stabilization around 20.5k satoshis
The 1 day chart looks more bullish than expected, with the last downtrend stabilizing around 20k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.767 STEEM for 1 SBD, up from yesterday, and under parity.
Overall opinion: We're seeing the expected "dead cat bounce", which means that neither volume, nor momentum are strong enough to suggest a bull reversal, but rather a small respite. STEEM is seeking stabilization and SBD is following suits.
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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