Top 10 Cryptos
At the moment of writing, top 10 assets were predominantly bullish, correcting slightly after yesterday's deep dive
Bitcoin is heading once again towards the $8,000 level, while the alts are looking more or less undecided.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.27 on Coinmarketcap, slightly down from yesterday in fiat and in BTC.
On the 1 hour chart, STEEM is showing a rapid correction: after hitting as high as 17k satoshis, it is now down to test the 16k satoshis resistance line
On the 1 day chart, the 16.5k testing level is broken and we're looking at the next, 16k satoshis level for the next few days
SBD was trading, at the moment of writing, at $1.11, slightly down in fiat from yesterday, and down in BTC.
The 1 hour chart shows a descending trend towards 14k satoshis
The 1 day chart is flat around 14k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.865 STEEM for 1 SBD, up from yesterday, and under parity. SBD printing rate is 26.33%, down from yesterday.
Overall opinion: Bitcoin is starting to correct but it's still unclear if the bear trend will continue. SBD is stabilizing and the printing rate is going down, which I consider a good thing. STEEM lost a little, but still stable, in the grand scheme of things.
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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