Market Snapshot - Day Twenty Five
This is my twenty fifth 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 all in green, with only 1 token posting a small loss.
Bitcoin, Ethereum and Litecoin are steadily recovering, but none of them reached their previous weekly highs. The highest growth is in the Cardano, Stellar and EOS platoon, which seems to be the new rave group of top 10 cryptos.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $6.10 on Coinmarketcap, sharply up from yesterday, following positive news from Weiss rating agency. On Bittrex, the 30 minutes chart shows a sharp upside, followed by slow, but consistent upwards movement, on consistent volume.
The 1 hour chart shows confirms the same bull trend, with resistance forming around 56-57k satoshis, and correction down to 55k satoshis.
The 1 day chart shows a full green candle with almost no wick (very bullish), followed by a correcting small candle, around the previous upwards resistance level, 55k satoshis.
SBD was trading, at the moment of writing, at $6.97 on average,sightly up from yesterday. The 30 minutes chart on Bittrex shows another failed attempt to break out above 72k, followed by a sharp correction and mostly sideways trading around 62k.
The 1 hour chart shows two consecutive attempts to drive the price sharply up, followed by corrections and sideways trading - could mean buyer strength is going down.
The 1 day chart shows a potential stabilization around 62k.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.144 STEEM with 1 SBD, down from yesterday and the trend seems to go in the direction of parity again.
Overall opinion: after almost two months of SBD pumping, STEEM seems to be finally getting a place at the table, following positive PR. Parity seems to be in sight again, but let's not forget the potential weekend SBD pump, which happened consistently during the last few weeks, pump which may widen the gap again.
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
- Market Snapshot - Day Twenty Two
- Market Snapshot - Day Twenty Three
- Market Snapshot - Day Twenty Four
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 know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
Glad to see again Steem trying to equal with SBD's value...
Would be nice to draw on a chart that "physiological" and recurrent SBD weekend pump
Sir....Please give to mw any idea pls...
SBD can grow this weekend?..
Yes or no...
Nice articles. You're educating me also with your articles. Keep up the #challenge30days
Great to see that Steem and SBD have almost made a full recovery from earlier highs this month. The further I get down this rabbit hole, the more potential I see for this platform. I finally got around to using your steem.supply website, a great tool to add to the toolbox. I love being able to see just exactly how much your comments are making you and when you will receive payments.
Excellent analysis of both steem and sbd and i am happy to see that both steem and sbd are growing nicely, thanks for creating and sharing the daily analysis post with us, it's so helpful, Stay blessed
it will be interesting to check out your post tomorrow when the prices will be going up or down badly
Glad to see a rise in Steem
-cheers-
South Korea seems to love the SBD, and they also seem to love pumping coins on the weekend, so let's see what happens. They also tend to rotate from coin to coin, so another coin could potentially take SBDs place at the table this weekend.
Useful information This is what you should do for the traders and an article as this will help beginners to learn the basics of trading Thank you for submitting the positive addition is a wonderful thing from you