Top 10 Cryptos

At the moment of writing all top 10 assets were in red.

Screen Shot 2018-02-23 at 10.34.06 AM.png

Some of the assets, like Ethereum, are posting very small losses, and the overall sentiment is of stabilization.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $3.69 on Coinmarketcap, slightly up from yesterday.

On Bittrex, the 30 minutes chart shows a very significant upwards move, going on strong for the last hour.

Screen Shot 2018-02-23 at 10.34.37 AM.png

The 1 hour chart is confirming a lot of volume in that upswing, which went from 33.5k satoshis to over 36k satoshis in just two hours.

Screen Shot 2018-02-23 at 10.34.49 AM.png

The 1 day chart shows the first long green candle in more than 10 days:

Screen Shot 2018-02-23 at 10.34.55 AM.png

SBD was trading, at the moment of writing, at $4.41 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows a similar upswing with STEEM, only with a higher variation:

Screen Shot 2018-02-23 at 10.35.06 AM.png

The 1 hour chart suggests that the uptrend, although consistent, may be short lived (very long wick on the last green candle).

Screen Shot 2018-02-23 at 10.35.12 AM.png

The 1 day chart suggests that a bottom was found and price will probably stop for a while around 40k satoshis.

Screen Shot 2018-02-23 at 10.35.17 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply, you could buy 1.154 STEEM with 1 SBD, significantly down from yesterday and chances to reach the parity are increasing.

Screen Shot 2018-02-23 at 10.35.23 AM.png

Overall opinion: STEEM and SBD are rebounding on a rather bearish market, which signifies very positive sentiment towards the two assets. Other tokens are cautiously trying to maintain the support they found during the last few hours.

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 Hive account@dragosroua.

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Market Snapshot - February 23rd 2018