Top 10 Cryptos
At the moment of writing top 10 assets were bearish, with one of them, IOTA, even posting double digit losses.
Bitcoin is still holding on above $8,000 but the bear pressure seems higher this time. It's gonna be an interesting weekend.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.74 on Coinmarketcap, slightly down from yesterday.
The 1 hour chart shows sideways trading in the 33k - 36k satoshis corridor
The 1 day chart shows the price didn't move much during the last 3 days
SBD was trading, at the moment of writing, at $2.22 on average, slightly down from yesterday.
The 1 hour chart shows a slight downtrend, with 26k satoshis being the new resistance.
The 1 day chart shows that SBD is still looking bearish, still needing to shave at least $1.2 until it reaches the peg
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.801 STEEM, down from yesterday and below parity
Overall opinion: Markets seem very undecided and the much expected Consensus conference didn't bring the predicted spike. It's still early, though, and the effects of that event may still unfold a bit later. The decoupling between STEEM and SBD continues.
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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