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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"ledger256",<br>"permlink":"ledger256-market-update-may-7th-2018",<br>"title":"Ledger256 Market Update - May 7th,<br> 2018",<br>"body":"![2.jpg (https:\/\/steemitimages.com\/DQma2Sqiq9EWNfJJhg2d7YXaKcUtR77AWRXm3fjUL1s1fRq\/2.jpg)\n\nAfter testing the $10,<br>000 resistance line,<br> last night BTC dropped down to $9,<br>300 (where it's currently trading). The overall market declined as well by about $20 billion. \n\nBTC would now have to hold its volume to prevent another decline down to the next support levels (we're particularly eyeing $9,<br>200)\n\nOne thing to note though is that today the SEC will be ruling on whether Ethereum should be classified as a security or not. If they decide that it *isn't* a security,<br> then that should be viewed as positive news and might affect the market positively. \n\nAs the technical indicators are currently mixed regarding the short-term trend,<br> at the moment we are just watching the price to see how things develop and seeing how the SEC ruling plays out. \n\nThat being said,<br> it is important to keep in mind that the effect of \"news\" on the cryptocurrency market has yet to be established. In such a new market (compared to stocks,<br> bonds,<br> etc) it is difficult to determine whether any one piece of news actually has a significant effect on the market. \n\nOverall,<br> though,<br> we think it's important to pay attention to both technical indicators and news to get a general sense of the market and make better-informed investing and\/or trading decisions.\n\n\n\n\n\\\n\\\n\\\nHow to get in touch with us:\n\nFollow us on Steemit - @ledger256\n\nJoin our Telegram group - https:\/\/t.me\/joinchat\/GXO2tBJ1TWgm0AHo9d4Scw\n*We're always around to be of help in all things crypto and blockchain :)\n\nEmail us - [email protected]\n\nDISCLAIMER\nNO FINANCIAL ADVICE \u2013 The information on this blog is provided for education and informational purposes only,<br> without any express or implied warranty of any kind,<br> including warranties of accuracy,<br> completeness,<br> or fitness for any particular purpose. The information contained in or provided from or through this blog is not intended to be and does not constitute financial advice,<br> investment advice,<br> trading advice or any other advice. The information on this website and provided from or through this website is general in nature and is not specific to you the Reader or anyone else. You should not make any decision,<br> financial,<br> investment,<br> trading or otherwise,<br> based on any of the information presented on this blog or any affiliated channel without undertaking independent due diligence and consultation with a professional broker or financial advisory. You understand that you are using any and all Information available on or through this website at your own risk.\n\nRISK STATEMENT \u2013 The trading of Bitcoins and alternative crypto-currencies has potential rewards,<br> and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"ethereum\",<br>\"cryptocurrency\",<br>\"cryptocurrencies\" ,<br>\"users\":[\"ledger256\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQma2Sqiq9EWNfJJhg2d7YXaKcUtR77AWRXm3fjUL1s1fRq\/2.jpg\" ,<br>\"links\":[\"https:\/\/t.me\/joinchat\/GXO2tBJ1TWgm0AHo9d4Scw\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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