# Top 10 Cryptos

At the moment of writing, top 10 cryptos were all in green, posting double digit gains (yesterday they were posting double digit losses).
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![Screen Shot 2018-02-07 at 10.39.00 AM.png](https://steemitimages.com/DQmWJk7zpqi7TL7PddTivcLJRHTuPVWir31iT5KThDwoXSo/Screen%20Shot%202018-02-07%20at%2010.39.00%20AM.png)
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As I wrote yesterday, the bottom of the sell-off was touched and the market rebounded. Although the percentages are looking great, let's not forget they are coming after a very steep bear trend. Bitcoin is at $7,725, Ethereum inching towards $800 and NEO is posting a mind boggling 50% appreciation.

# STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $3.72 on Coinmarketcap, sharply up from yesterday. 

On Bittrex, the 30 minutes chart shows the formation of a slow, albeit consistent uptrend.
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![Screen Shot 2018-02-07 at 10.51.45 AM.png](https://steemitimages.com/DQmZhRNoAUKCjD55BD3EFXTd3E9nUXq44ZAs14EmsjtyAb1/Screen%20Shot%202018-02-07%20at%2010.51.45%20AM.png)
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The 1 hour chart shows a very solid upswing up to 52k satoshis, followed by a correction down to only 48k satoshis.
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![Screen Shot 2018-02-07 at 10.51.52 AM.png](https://steemitimages.com/DQmUEXsXC5YEdAGS7Dj2makSm4QWWk5FsNG2zT3NYWYmt1b/Screen%20Shot%202018-02-07%20at%2010.51.52%20AM.png)
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The 1 day chart shows a potential reversal, with a very small correcting candle after a long green candle with a long wick (a sign of weakening of the bear pressure). 
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![Screen Shot 2018-02-07 at 10.53.03 AM.png](https://steemitimages.com/DQmSRJkqo9j7ygK6Knh9B1jLZHinVGThrfjgbaj7ZKxbKrK/Screen%20Shot%202018-02-07%20at%2010.53.03%20AM.png)
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SBD was trading, at the moment of writing, at $3.09 on average, sharply up from yesterday. The 30 minutes chart on Bittrex shows mostly sideways trading, with a weak attempt to go over 43k satoshis.
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![Screen Shot 2018-02-07 at 10.53.18 AM.png](https://steemitimages.com/DQmfB6At1xoWFteP8MK5DX4W3rjbsgJ8pfRM6nQgMHxDRKt/Screen%20Shot%202018-02-07%20at%2010.53.18%20AM.png)
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The 1 hour chart shows sideways trading with short lived upswings.
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![Screen Shot 2018-02-07 at 10.53.26 AM.png](https://steemitimages.com/DQmcVuxQTB1KHT6KrQYe5WNFvUT9rr6t2kvHgBceKetN1kK/Screen%20Shot%202018-02-07%20at%2010.53.26%20AM.png)
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The 1 day chart shows a potential stabilization around 40k satoshis.
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![Screen Shot 2018-02-07 at 10.53.32 AM.png](https://steemitimages.com/DQmNTKxRF59bTAVdB76yJFYLTFEefBNLtHaJfcWyhVBdgzc/Screen%20Shot%202018-02-07%20at%2010.53.32%20AM.png)
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# SBD to STEEM Ratio
At the moment of writing, according to [steem.supply](http://steem.supply), you could buy 0.827 STEEM with 1 SBD, slightly down from yesterday and under parity.
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![Screen Shot 2018-02-07 at 11.00.28 AM.png](https://steemitimages.com/DQmUuX3GgXteofUNLunjHo1vtvYpb4DWmJjW5v3Hf1RA3wQ/Screen%20Shot%202018-02-07%20at%2011.00.28%20AM.png)
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## Overall opinion: The blood bath stopped for now and all assets are rejoicing a solid correction. STEEM and SBD are being carried up by the Bitcoin appreciation in fiat, but they're also making progress in pure Bitcoin value. SBD is still trending lower than STEEM and a value close to the intended peg, $1, is more and more plausible.

_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._
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_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
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