Top 10 Cryptos
At the moment of writing, top 10 assets were strongly bearish, with all ten of them in red
Bitcoin is technically over $7,000 ($7,002) but I expect it to go below this level in the next hours.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.17 on Coinmarketcap, down from yesterday in fiat but up in BTC.
On the 1 hour chart, STEEM shows a nice rebound from 15k satoshis, maintained solidly up to 16.5k satoshis
The 1 day chart is showing a few green candles breaking the descending trend line of the last 3 months, but the volume is way too low to indicate a breakout
SBD was trading, at the moment of writing, at $1.07, down in fiat from yesterday, but up in BTC.
The 1 hour chart shows a small upwards correction, to 15k satoshis
The 1 day chart seems to be entering a sideways trading pattern
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.910 STEEM for 1 SBD, up from yesterday, and under parity. SBD printing rate is 13.66%, down from yesterday.
Overall opinion: Markets are continuing the bearish trend started at the end of last week. As Bitcoin goes down, STEEM / SBD are going up in BTC, although in fiat they're losing value. This "slingshot" move makes me believe that, despite this strong correction, the market is healthy again, and we're going to see nice things happening. Sooner or later.
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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