Top 10 Cryptos
At the moment of writing, top 10 crypto assets were predominantly bearish, with 9 of them in red and 1 in green.
Bitcoin made its move, after a few days of sideways trading, but the move was downside (even if small). The alts are going down faster than that. Ethereum lost more than 10% in the last 24 hours.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.67 on Coinmarketcap, sharply down from yesterday.
The hourly chart shows a steep downtrend, following that huge red candle of yesterday, which sent the price below 10k satoshis. At the moment of writing, STEEM was trading for 10.7k satoshis.
The daily chart is still bearish, although the current red candle didn't reach yesterday's wick (engulfing candle).
SBD was trading, at the moment of writing, at $0.95, almost similar with yesterday and still at the peg.
On the hourly chart, SBD is stable at 15k satoshis
The daily chart is stabilizing at 15k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.396 STEEM for 1 SBD, sharply up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: Markets are taking a beating, but it looks short lived. STEEM is going down faster than I'd like to see, but the good news is that SBD is stable at the peg. My personal outlook is still neutral to bullish short term, and neutral medium term.
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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