Top 10 Cryptos
At the moment of writing top 10 assets were mixed, with 5 in green and 5 in red.
Bitcoin is still trying to break the $7,500 resistance level but so far it seems resistance is strong. The gains and losses are very small, though, so it may be considered a flat day for cryptos.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.00 on Coinmarketcap, down from yesterday.
On Bittrex, the 30 minutes chart shows sideways trading, in the 36k-28k satoshis corridor:
The 1 hour chart shows clearly the yesterday's spike, with the correction flattening around 26.5k satoshis:
The 1 day chart shows a very small candle with big up and down wicks, indicating stabilization.
SBD was trading, at the moment of writing, at $2.48 on average, down from yesterday.
The 30 minutes chart on Bittrex shows the same sideways trading as in STEEM, only the corridor is a big wider, from 31k to 34k satoshis:
The 1 hour chart shows yesterday's spike and stabilization around 31.5k satoshis:
The 1 day chart shows a very small green candle with big up and down wicks (almost identical with STEEM), suggesting potential stabilization.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 1.234 STEEM, slightly down from yesterday and parity is again broken.
Overall opinion: Markets are showing signs of caution today, after yesterday's rally. STEEM and SBD are stabilizing, locking in yesterday's gains.
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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