Top 10 Cryptos
At the moment of writing, top 10 assets were slightly bearish, with 7 of them in red, and 3 of them in green: Ethereum, Cardano and IOTA.
This seems to be a small correction after yesterday big jump.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.69 on Coinmarketcap, sharply up from yesterday in fiat, and in BTC.
The 1 hour chart shows a very sharp uptrend, on significant volume, in which STEEM gained more than 6k satoshis
The daily chart shows two consecutive green candles, very long compared with the previous red candles
SBD was trading, at the moment of writing, at $1.24, up from yesterday in fiat and in BTC.
The 1 hour chart is showing the same uptrend, but with a smaller amplitude
The 1 day chart is showing a stabilizing candle after the price broke up through 19k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.726 STEEM for 1 SBD, down from yesterday, and under parity.
Overall opinion: Bitcoin is trying to stabilize around $6,400, while STEEM got a significant infusion of value. While I'm enjoying the rise in STEEM's price, I'm still cautious until I see a more consistent trend forming - which may happen, if the price holds, by the middle of next week.
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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