This is my eighteenth 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 all green, after two consecutive days of double digit losses.
Bitcoin rebounded over 11k, after hitting as low as $9,600 yesterday. Ethereum is trading over $,1000 again. The highest gains, double digit growth, are reported for Ripple, Cardano and Stellar. Overall, an upside correction after last days crash.
STEEM And SBD
At the moment of writing, STEEM was trading, on average at $4.09 on Coinmarketcap, up from yesterday. On Bittrex, the 30 minutes chart shows a steady recovery, after going under 30k satoshis.
The 1 hour chart shows an attempt to break over 38k satoshis, after going over 36k. Seems like 36k satoshis will be the new resistance.
The 1 day chart shows a significant recovery, transforming yesterday's potential red candle into a green one. Today looks still undecided.
SBD was trading, at the moment of writing, at $3.97 on average, up from yesterday. The 30 minutes chart on Bittrex shows the same steady recover we seen on STEEM and a test of the 36k satoshi level.
The 1 hour chart shows that although it recovered, partially, SBD still lost its value, the average level being lower with at least 2k satoshis (from 37.5k to 35.5k).
The 1 day chart shows two consecutive candles with very low body and wicks, suggesting indecision or caution.
Overall opinion: both currencies corrected after yesterday's losses, but not too much in terms of Bitcoin value (their appreciation is due to the fact that Bitcoin appreciated, not necessarily that they appreciated consistently against Bitcoin). It's nice to see a little green on the chart, but I'm still cautious.
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
- Market Snapshot - Day Fourteen
- Market Snapshot - Day Fifteen
- Market Snapshot - Day Sixteen
- Market Snapshot - Day Seventeen
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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