Top 10 Cryptos
At the moment of writing, top 10 assets were looking bearish, in absolute terms, with 8 of them in red and two in green, but all the charts were showing upwards corrections
Around 12 hours ago, markets started to correct upwards, but are still under the losses of the previous days. Bitcoin is holding ground at $7,350.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.42 on Coinmarketcap, down from yesterday in fiat, and in BTC.
The 1 hour chart shows a consistent rally from 18.5k satoshis to 19.3k satoshis, but it's still on the downtrend channel
The 1 day chart shows a green correcting candle, but still under the losses of the previous day
SBD was trading, at the moment of writing, at $1.21, down in fiat from yesterday, and in BTC.
The 1 hour chart is showing a mild upwards correction from 16k satoshis to 16.5k satoshis
The 1 day chart is still relatively bearish, with a very small green correcting candle
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.859 STEEM for 1 SBD, up from yesterday, and under parity. SBD printing rate is 47.66%.
Overall opinion: The weekend rally started as expected, let's see if it will gain enough momentum to bring the prices back to the beginning of the week values. STEEM corrected consistently for the last 12 hours, while SBD is looking back at the peg.
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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