Top 10 Cryptos
At the moment of writing, top 10 crypto assets were predominantly bullish, with 9 of them in green and 1 in red.
Bitcoin yesterday's recovery accelerated, and BTC is not trading just above $6,500. The other token also had spectacular comebacks, with ETH gaining more than 15% day to day.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.73 on Coinmarketcap, slightly up from yesterday.
After testing 11.5k satoshis a few times, on the hourly chart, STEEM retraced back to 11k satoshis, same as yesterday
The daily chart looks stable, suggesting a new support is forming at 11k satoshis
SBD was trading, at the moment of writing, at $0.98, slightly up from yesterday and still at the peg.
On the hourly chart, SBD is stable at around 15k satoshis
The daily chart is stable just below 15k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.346 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: As more volume comes intro trading, the markets are seeing more consistent moves. A trend reversal is still very unlikely in the next few days. STEEM is moving upwards, slowly, but steady and SBD is maintaining the peg. My overall outlook is neutral to bullish short term and bullish long 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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