Top 10 Cryptos
At the moment of writing, the top 10 crypto assets were predominantly bullish, with 7 of them in green and 3 in red.
The proper way to describe the markets today would be "slow and steady".
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.02 on Coinmarketcap, up from yesterday.
On the hourly chart, STEEM tried again to pierce above 14k satoshis, but it couldn't maintain momentum, so it's now trading around 13.8k satoshis
The daily chart is flat for almost two weeks now
SBD was trading, at the moment of writing, at $1.02, identical with yesterday and still at the peg.
The 1 hour chart is continuing to be flat-to-bearish, following Bitcoin appreciation
The daily chart is also flat, no change
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.996 STEEM for 1 SBD, down from yesterday, and below parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: We're seeing a very nice pattern these days: instead of sudden spikes, the price is moving up slowly, but much steady. That may mean the big speculator moves (being them up or down) may fade out. STEEM is appreciating and SBD is maintaining the peg. My outlook short term is neutral, and medium term neutral to positive.
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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Moving up smoothly.
Bitcoin broke up the triangle but did not increase the price too much. It did so gradually to reach $6300 level remaining slightly above the upper line of the triangle. Volume has been declining and stochastic reaching oversold, so we might see another smooth bull day.
EOS was not able to break the trading range and keeps around the $6,5 level as it did the day before. Volume is declining too and stochastic reaching oversold. We might see final trend if volume comes in.
STEEM finally and very gradually managed to break the $1 level but then the price experienced a retracement. Volume declining and stochastic clearly showinb oversold too. I expect the price ro move up again during the day.
Bitcoin going up already 15 days in a row..
Steem moving up smoothly . Really helpful information . Thanks for sharing @dragosroua
Interesting how eth and xrp are going against btc @dragosroua
Thanks for sharing this update.
I'm still waiting for another major move in the opposite way of btc.
Regards
these will be fun to look back on like 2 or 3 years from now, see what the price was and remember what was happening, scroll back through steem and see what i was talking about, what was going on in my life and what i was up to!
Nice to see STEEM keep getting stronger
All was going great but bears just again did what they are best at dumped it
Steem has been hovering around 1$ for a while
lets hope it stays there for a while or goes back down..... bear markets are fun and all but i need more time to stock up on my steem!
Tell that to people who invested at 20k Bitcoin 😀
Very very happy at this news, first time in weeks to see Steem at $1
bitcoin is increasing day by day and thats great news for all of us 😊
i am very happy to see that the bullish market trends is still being sustain, as more investors buy into bitcoin as a safe heaven for long term investment . i do believe that bitcoin price will still continue to surge
Nice to see market is green and steem is stable
I like slow and steady... Works a lot better for me rather than those crazy spikes
Sadly seem to have spoken too soon...
BTC dancing up and down, I think i Should take some profit doing trading, what you say?
just buy more Sh*tcoins with your bitcoin ;) hahahaha thats what everyone else does, right? :P
haha :D No man, Dogecoin was supposed to be a Shit coin, but it goes 300 % up, in last week.
It's a good recovering, Though steem goes back to 1.02 after going to 1.05, but it's ok.