Top 10 Cryptos
At the moment of writing all top 10 assets were in green, announcing a bullish weekend.
As expected, after the Chinese New Year, which was yesterday, the market seem poised to recover last two months losses.Bitcoin appreciation, though, will most likely affect alts, which will lose some value (in Bitcoin, but will appreciated in fiat).
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.61 on Coinmarketcap, slightly up from yesterday.
On Bittrex, the 30 minutes chart shows another a small ascent up to 43.k satoshis, followed by a correction back to 41.5 satoshis.
The 1 hour chart indicates an abrupt downtrend, with a resistance level around 40k satoshis.
The 1 day chart shows a fourth consecutive red candle, confirming the 40k satoshis resistance level.
SBD was trading, at the moment of writing, at $5.68 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows a steep downtrend from 54k satoshis to 50.8 satoshis.
The 1 hour chart shows an even steeper downtrend on a consistent volume.
The 1 day chart shows 3 red consecutive candles, but the losses are not even half of the last green candle.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.235 STEEM with 1 SBD, down from yesterday but the parity continues to be broken.
Overall opinion: Bitcoin is on a very bullish trend, sucking up value from all alts. STEEM is holding ground, but SBD seems to enter a downtrend. Both assets are appreciating in fiat, though.
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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There was a lot of FUD on South Korea ban and Chinese new year... Now that both have ended, we can again expect green market in the coming weeks hopefully!
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Those who are in crypto for long term, they will make profits. They're hodling and even if they made some losses recently, they will soon be profitable. SBD and STEEM you're beauties.
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Really thanks for sharing your opinion with us, currently Steem is dancing at 4.46 dollar and SBD is at 5.41 dollar but i am happy that both are nicely recovered from the deep downtrend of 2.50 dollar, and yes, in my opinion also, the Bitcoin trends are effecting other Altcoins, this is due to Dominance of the Bitcoin on the Cryptocurrency market. Let's hope for the best and wish everyone should get profits. 🙂
Stay Blessed.
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Now that the Chinese new year is over, I thinks its time for crypto traders to convert all altcoins into bitcoin as the bullish trend of bitcoin will be equals to the bearish trend of altcoins.
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Wow! Why is SBD getting such an advantage over Steem? Even though SBD has more uses, I see more value to Steem. I'm also glad the market is doing well. :) Our investments are safe for the moment.
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SBD has a much lower supply than STEEM, so it's easier for traders to manipulate it.
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Bullish all the way waiting for Sbd weekend pump up party ;p
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This small drain in satoshi price was expected, with bitcoin heading to 11k. Now the question is, will bitcoin keep going back up or will it stabilize at some point to allow the rest of the market to catch up?
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Excellent post! It's nice to know that cryptocurrencies are going up from the last losses there's a light at the end of the road, also your analysis on SBD are so useful for everyone here. Great!
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Overall, good scenario. BTC is back and seems to bounce back more in future. A moment of silence for BTC haters and all the sympathies to those who quit during the recent dip.
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Nice one. An element of hope there. I hope this encourages those who are timid and sceptical, especially about steem
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Thanks for the shareing yiur post its a very important of steemit !!
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Great information chart shows that price is rising thanks for sharing this news
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Thanks for sharing information keep it up
Its a good news that steem dollar going up and hope it will go up more
have you any analysis for this that price will go up more or not
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@dragosroua sbd is showing a lot of resistance at $5.55 level once it crosses this level and something positive news comes there will be no change of looking back......
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Thanks for mentioning that Chinese new year. I totally forgot about that. Cost me a few hundred dollars maybe but oh well. lol
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hey your post so. informative...and good..thanks for sharing..
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Great info about the market it's so good to see all this green
BTC is over 10k and i'm sure we will see all time high for him and for a lot of other coins as well
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your post always informative.this is a good news of every steemians. top 10crypto, sbd steem ratio matter relly very important for me.because,i have no idea this matter.i read your post and i am knowing this important matter of crypto.thank u very much for ur good post.sir @dragosroua
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Very informative news for all crypto users. Crypto market price always up and down. We have to concious if we want to be succeeded man in this place.
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Just 15 days back there was panic sell. Can't believe that the market recovered so fast. This can only happen in crypto markets. If not for the FUD's created by the government's there would not have been any crash at all. Just yesterday i heard the news that the government, banks and politicians have stacked up cryptos during these discounts. Those who panic sold have actually lost a lot of money. Right now the price of bitcoin is nearly touching the 11000$. Compared to its drop to 6000$, its value is already double now.
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de data asta chiar isi revine piata, sper sa mai creasca si altcoinurile pt ca au ramas in urma
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Very good news for all user .after follow you i am updating that what the happening in cryptocurrency market.
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Good start to the weekend in the crypto markets. And even though Bitcoin is rising, we aren't seeing a dump of alts like would happen just a few months ago. I think we see Bitcoin trade back above $11k and then take a breather, allowing the alts to make some solid gains in the coming week. And SBD/Steem is gaining in fiat terms, but honestly I like to see how stable to two often look.
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