Top 10 Cryptos
At the moment of writing, top 10 assets were looking bearish, in absolute terms, with 8 of them in red and two in green, but all the charts were showing upwards corrections
Around 12 hours ago, markets started to correct upwards, but are still under the losses of the previous days. Bitcoin is holding ground at $7,350.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.42 on Coinmarketcap, down from yesterday in fiat, and in BTC.
The 1 hour chart shows a consistent rally from 18.5k satoshis to 19.3k satoshis, but it's still on the downtrend channel
The 1 day chart shows a green correcting candle, but still under the losses of the previous day
SBD was trading, at the moment of writing, at $1.21, down in fiat from yesterday, and in BTC.
The 1 hour chart is showing a mild upwards correction from 16k satoshis to 16.5k satoshis
The 1 day chart is still relatively bearish, with a very small green correcting candle
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.859 STEEM for 1 SBD, up from yesterday, and under parity. SBD printing rate is 47.66%.
Overall opinion: The weekend rally started as expected, let's see if it will gain enough momentum to bring the prices back to the beginning of the week values. STEEM corrected consistently for the last 12 hours, while SBD is looking back at the peg.
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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The weekend started with a correction, now we need to see if the markets react in either direction.
Bitcoin crossed the $7500 resistance yesterday afternoon and triggered a strong bearish reaction losing more than $300 in just 1hr. The price dropped during the night crossing the lower trading range channel line until the 100MA acted as support where price bounced up. Volume has been declining.
EOS kept declining until hitting 200 MA line. Now both RSI and MACD show uptrend but volume has also been declining. We need to see what the market does in the coming hours.
STEEM also kept declining all day until it hit the top triangle line and bounced up. Also, RSI and MACD show uptrend now and the price is slowly gaining positions.
One way up and one way down this is the game in the market in the last few weeks
I have a feeling the market is getting power for vert big jump
Steem for once got dumped to 10K sat's in binance strange things happening
There are signs already showing that things are getting better. What some are waiting for its the price of bitcoin to jump to $8,000 .
now this is a correction and now we can hope for a bull run. if BTC cross 8k then no one is going to stop us hopefully.
@dragosroua crossing resistance level raises hopes for profit , but still going down after crossing.
Slowly is going increasing from week to week, bitcoin is already in the 7000$ range and i think it can achieve 10000$ until the end of the year :)
I am sure that we are going to see another high jumps. We seen in last week many coins jumps high after going at low position. Now its look same situation like previuos week.
Good morning, my friend
The market will rise in the coming days this is my personal forecast
I wish everyone success
Its really a informative post for all of us….thanks for sharing