This is my fourteenth day from the 30 days writing challenge I'm doing during January. Basically, I'm writing each day an article on a topic that I'm interested in, or something that I'm just learning. I tag these posts with #challenge30days, if you want to join, all you have to do is to use the same tag. Each day I will also pick 3 articles and give them a full upsteem. For all the details and the motivation, have a look at the introductory post.
Top 10 Cryptos
At the moment of writing, top 10 cryptos were slightly bearish, with 6 in red and 4 in green.
Bitcoin is surprisingly stable around $14k, while ETH continued to rise above $1,300 (with brief episodes over $1,400). Ripple, ADA, Stellar and NEM are confirming a bit of a herd behavior, going down all at once (after rising all at once). ADA is the only token to show a double digit change, this time the direction being down. EOS went out of top 10 after briefly visiting yesterday.
STEEM And SBD
At the moment of writing, STEEM was trading, on average at $5.21 on Coinmarketcap, down from yesterday, bot still up from two days ago. On Bittrex, the 30 minutes chart is showing a swing up to 45k satoshi, followed by a correction to 42k satoshis.
The 1 hour chart shows a clearer picture, with two attempts to break above 45k satoshis, followed by a correction to 42k satoshis, higher than the former low (40k satoshis) which may indicate that bull strength is still there.
The 1 day chart suggests a station around 42k satoshis (but the correction is relatively small) which may be followed by another spike.
SBD was trading, at the moment of writing, at $6.37 on average, down from yesterday. The 30 minutes chart on Bittrex shows consistent down pressure, with the wicks of the last 7 consecutive candles all higher than the bodies.
The 1 hour chart confirms the sharp trend down with potential resistance around 43k satoshis.
The 1 day chart shows a small correction and suggests the beginning of a flat corridor, with sideways trading in the 43-45k satoshis area..
Overall opinion: STEEM correction is smaller than I expected, suggesting the continuation of the upswing, SBD is stabilizing and shows signs of downward pressure. The 1 to 1 parity between the two is imminent, yesterday were moments during which for 1 SBD you would get 1.05 STEEM.
Previous Posts In The Challenge
- Markets Snapshot - Day One
- Markets Snapshot - Day Two
- Markets Snapshot - Day Three
- Markets Snapshot - Day Four
- Markets Snapshot - Day Five
- Markets Snapshot - Day Six
- Market Snapshot - Day Seven
- Market Snapshot - Day Eight
- Market Snapshot - Day Nine
- Market Snapshot - Day Ten
- Market Snapshot - Day Eleven
- Market Snapshot - Day Twelve
- Market Snapshot - Day Thirteen
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 
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