Top 10 Cryptos
At the moment of writing top 10 assets were bearish, with a sudden dip in the last hours
The week started with a dip and all markets are looking down, at the moment.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.33 on Coinmarketcap, down from yesterday both in fiat and Bitcoin.
The 1 hour chart shows a sudden dip, from 34.5k satoshis to 32k satoshis.
The 1 day chart is very bearish, indicating that the support level, at 32k satoshis, was touched. If the support level is broken, the next stop is at around 20k satoshis
SBD was trading, at the moment of writing, at $1.73 on average, down from yesterday.
The 1 hour chart shows same sudden dip as in STEEM's chart
The 1 day chart shows that the current resistance level, 22k satoshis, is also tested
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.739 STEEM, slightly up from yesterday and below parity
Overall opinion: The morning dip suggest a more systemic (or profound) depreciation across the entire crypto market. STEEM and SBD are once again tightly coupled to Bitcoin and looking sharply down. The only good thing is that the selling volume is relatively low.
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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