Top 10 Cryptos
At the moment of writing top 10 assets were bearish, with only 2 of them being in green, Bitcoin and EOS.
After a rather steep climb, all altcoins in top 10 (except EOS) are experiencing corrections.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.75 on Coinmarketcap, sharply up from yesterday.
The 1 hour chart shows a rather strange pattern: after the gentle upwards slope we witnesses for the last few days, a sharp dive occurred, being followed almost immediately by a huge upwards correction.
On the 1 day chart we can conclude the bullish trend is still going on, STEEM trading at 39k satoshis today (almost 2k satoshis more than yesterday)
SBD was trading, at the moment of writing, at $3.55 on average, slightly up from yesterday and the parity is now again broken.
The 1 hour chart shows the same dive + spike pattern as for STEEM, only with a smaller amplitude, SBD corrected and it currently trades at 37k satoshis
The 1 day chart is relatively flat for the last few days, SBD is at or around 36k-37k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.948 STEEM, down from yesterday and below parity
Overall opinion: There was some abrupt dive a couple of hours ago which kinda shook the markets but now it seems they are correcting upwards. STEEM appreciated with more than 10% since yesterday and SBD is now below STEEM.
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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