Top 10 Cryptos

At the moment of writing top 10 assets were all in green, 6 of them posting double digit gains.

Screen Shot 2018-03-10 at 9.59.29 AM.png

Bitcoin bounced back to above $9,000 after it went as low as $8,500 yesterday. The market bounce, although encouraging, doesn't ye make for the losses of the precedent days.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $2.68 on Coinmarketcap, sharply up from yesterday.

On Bittrex, the 30 minutes chart shows a consistent upwards slope, on increasing volume

Screen Shot 2018-03-10 at 9.59.43 AM.png

The 1 hour chart shows that yesterday dive is almost completely recovered.

Screen Shot 2018-03-10 at 9.59.43 AM.png

The 1 day chart is very slightly bullish: after a small red candle with a very long downside wick, today seems to form a longer green candle.

Screen Shot 2018-03-10 at 9.59.57 AM.png

SBD was trading, at the moment of writing, at $2.66 on average, up from yesterday. The 30 minutes chart on Bittrex shows an upwards slope, but with a smaller angle than STEEM and much bumpier.

Screen Shot 2018-03-10 at 10.00.21 AM.png

The 1 hour chart indicates potential stabilization below previous high.

Screen Shot 2018-03-10 at 10.00.28 AM.png

The 1 day chart confirms the decoupling of SBD from STEEM noticed a couple of days ago: SBD is still going down, while STEEM is slightly bullish:

Screen Shot 2018-03-10 at 10.00.42 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply, you could buy 1 STEEM with 1.011 SBD, down from yesterday and we're slightly under parity.

Screen Shot 2018-03-10 at 10.01.11 AM.png

Overall opinion: Markets are bouncing back after last week carnage. STEEM and SBD recovered both in Bitcoin and fiat, which indicates bullish sentiment. SBD is decoupled from STEEM and heading back to 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 Hive account@dragosroua.

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Market Snapshot - March 10th 2018