Top 10 Cryptos
At the moment of writing top 10 assets were predominantly bearish, with 8 of them in red and 2 of them in green, just like yesterday.
Bitcoin is barely holding off above $9,000 while all the other assets are looking down. It may be related to the fact that May 1st is usually a holiday in many parts of the world. Or it may be that the market is simply correcting itself.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.80 on Coinmarketcap, down from yesterday.
The 1 hour chart shows that 43k satoshis resistance was broken downwards and now the price is hovering around 41.5k-42k satoshis.
The 1 day chart shows a 4th consecutive red candle, but with longer wick and shorter body, which may indicate the correction is approaching and end.
SBD was trading, at the moment of writing, at $3.19 on average, significantly down from yesterday.
The 1 hour chart broke down the 36k satoshis - after 3 tests - and the price is not around 34k satoshis.
The 1 day chart looks more bearish than STEEM, with the last correcting candle longer
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.833 STEEM, slightly down from yesterday and below parity
Overall opinion: Markets are correcting harder today. STEEM lost 1.5k satoshis in one day, but it's still doing well, SBD is continuing the gentle downtrend, heading to the peg. Volume seems to be very low for both assets.
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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