Top 10 Cryptos
At the moment of writing top 10 assets were bearish, all of them in red.
Yesterday's correction was really just a dead cat bounce and the downtrend continues.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.75 on Coinmarketcap, down from yesterday.
The 1 hour chart shows a sideways pattern in the 25.5k and 28.5k satoshis.
The 1 day chart shows the first green candle after 6 consecutive days of a bearish trend
SBD was trading, at the moment of writing, at $1.35, , down from as yesterday.
The 1 hour chart shows flat trading around 20.5k satoshis
The 1 day chart is flat around the same level, 20.5k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.769 STEEM for 1 SBD, slightly up from yesterday, and under parity.
Overall opinion: As expected, yesterday's correction didn't hold, so Bitcoin is still looking down, testing the $6,500 resistance level. STEEM and SBD lost in fiat, obviously, but are relatively stable in Bitcoin.
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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