Top 10 Cryptos
At the moment of writing, top 10 assets were bullish, all of them in green
After a small correction last night, Bitcoin seems to be aiming for the $7,000 level again and all the other assets are borrowing this enthusiasm.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.58 on Coinmarketcap, slightly down from yesterday in fiat, and in BTC.
The 1 hour chart shows that, after getting as high as 25.7k satoshis, STEEM lost more than 2k satoshis in the last few hours, trading around the 23k level.
On the 1 day chart shows two consecutive red candles, on very low volume
SBD was trading, at the moment of writing, at $1.26, slightly up from yesterday in fiat, but down in BTC.
The 1 hour chart shows a correlation with STEEM's dive, which took SBD below 19k satoshis
The 1 day chart looks relatively flat, though, after a long streak of red candles
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.797 STEEM for 1 SBD, slightly up from yesterday, and under parity.
Overall opinion: The markets are rebounding softly today, but STEEM and SBD seem to be decoupled from this bounce, and are displaying a bearish outlook. But if the top 10 trend is consistent, they may pick up and rebound as well, trading volume is very low.
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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