This is my twenty second day from the 30 days writing challenge I'm doing during January. Basically, I'm writing each day an article on a topic that I'm interested in, or something that I'm just learning. I tag these posts with #challenge30days, if you want to join, all you have to do is to use the same tag. Each day I will also pick 3 articles and give them a full upsteem. For all the details and the motivation, have a look at the introductory post.
Top 10 Cryptos
At the moment of writing, top 10 cryptos were very slightly bearish, with 6 in red and 4 in green.
Although it's mostly, red, the losses are relatively small and somehow explainable after a weekend with no major news. Bitcoin is hovering around $12k and ETH keeps climbing, very slowly, towards $1,100. The most interesting token is undoubtedly EOS, which rose 2 positions, from 10 to 8, posting almost 10% growth in one day.
STEEM And SBD
At the moment of writing, STEEM was trading, on average at $4.79 on Coinmarketcap, slightly down from yesterday. On Bittrex, the 30 minutes chart shows an attempt to go beyond 45k satoshis, followed by a sudden correction and potential stabilization around 40k satoshis.
The 1 hour chart shows three upswings, with the latest having a more ample correction down.
The 1 day chart shows the first correction down in 5 days, suggestion the formation of a sideways corridor between 38k and 42k satoshis.
SBD was trading, at the moment of writing, at $7.73 on average, consistently up from yesterday. The 30 minutes chart on Bittrex shows a failed attempt to pierce through 75k satoshis, followed by a correction to the previous level.
The 1 hour chart keeps the odds of an upwards trend but the speed seems to be slowing down.
The 1 day chart shows the first consistent corrective candle after 3 very bullish days, but given its size is not equal or bigger than the last green candle, this may suggest the buying pressure is still there.
Overall opinion: SBD kept appreciating on abnormally high volumes reported by the South Korean exchange Upbit and, for a while, STEEM followed suit. If the SBD buying pressure is confirmed, we may expect further upswings. I'm still cautious about the real trading volumes, though.
Previous Posts In The Challenge
- Markets Snapshot - Day One
- Markets Snapshot - Day Two
- Markets Snapshot - Day Three
- Markets Snapshot - Day Four
- Markets Snapshot - Day Five
- Markets Snapshot - Day Six
- Market Snapshot - Day Seven
- Market Snapshot - Day Eight
- Market Snapshot - Day Nine
- Market Snapshot - Day Ten
- Market Snapshot - Day Eleven
- Market Snapshot - Day Twelve
- Market Snapshot - Day Thirteen
- Market Snapshot - Day Fourteen
- Market Snapshot - Day Fifteen
- Market Snapshot - Day Sixteen
- Market Snapshot - Day Seventeen
- Market Snapshot - Day Eighteen
- Market Snapshot - Day Nineteen
- Market Snapshot - Day Twenty
- Market Snapshot - Day Twenty One
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 @dragosroua.
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I'm liking the upswing. Now, if it can just last for another week or so while I get a bank account sorted.... and figure out how to get my SBD into it...
I'll let you all know when I'm all set up, so you can prepare for the price to crash hehehe
Glad to see Steem and SBD recovering well from yesterday's bearish market....
Nice one,Well done on your challenge,I hate to write but steemit has taught me how to within this few days of joining this beautiful community.I will do a challenge just like you later in the month.I just upvoted for u.
The satoshi represents one hundred millionth of a bitcoin
https://www.investopedia.com/terms/s/satoshi.asp
good job
great news
great post sir
thank you information, this post can be used as a reference also.
Good job, hi i'm @yzah
you are very consistent in the 30 day challenge keep going and keep sharing :D