Top 10 Cryptos
At the moment of writing, top 10 assets were bullish, with 9 of them in green and one in red (Tether).
Bitcoin pierced through the upper support at $6,800 and it's trading around $6,900. The entire market seems to witness a sentiment turn, getting more and more bullish.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.95 on Coinmarketcap, up from yesterday.
The hourly chart suggests that STEEM may break the 13k - 13.5k satoshis corridor in which it traded for the last week.
The daily chart is also showing some green for the last two days, but both volume and gains are way too small to guarantee a reversal, at least for now
SBD was trading, at the moment of writing, at $1.01, slightly up from yesterday and at the peg.
The 1 hour chart shows a small depreciation, to make up for BTC gains in fiat
The 1 day chart is also a bit bearish, but nothing to worry about, SBD is maintaining the peg
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.037 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: Markets seem bullish, but let's wait for tomorrow SEC's announcement about the 9 ETFs rejected last week and reviewed during the last few days. Chances to see a Bitcoin ETF are very small at the moment (but not inexistent), so I'm waiting to see how the markets will react to another rejection. STEEM is starting a small climb, while SBD is maintaining 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 .
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