Top 10 Cryptos
At the moment of writing, top 10 assets were very bearish, all of them in red.
Bitcoin fell through the $6,000 level like a hot knife through a pack of butter. Two top 10 tokens which are sharing a lot of their technology, EOS and Cardano, are showing double digit losses.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.23 on Coinmarketcap, sharply down from yesterday in fiat, and in BTC.
After a short stabilization, the 1 hour chart shows another leg down, taking the price below 21k satoshis, the lowest since April this year.
On the 1 day chart the price is testing April resistance, which is at around 20k satoshis.
SBD was trading, at the moment of writing, at $1.00, down from yesterday in fiat, and in BTC.
The 1 hour chart shows the same pattern as in STEEM, only a bit gentler
The 1 day chart is looking bearish as well, on relatively low volume
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.815 STEEM for 1 SBD, slightly up from yesterday, and under parity.
Overall opinion: The bloody weekend is still on and we may see Bitcoin reaching $4,000 before Wednesday, if this trend continues. STEEM is touching April low while SBD is back at the peg. Good times for those looking to fill up their bags.
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 .
Wanna know when you're getting paid?
|
|
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |