Bitcoin Analysis: A 21% Drop and More Tether/Bitfinex News

Yesterday I said a drop below $7,550 would be your sell signal. I’ve told you my first buy order was waiting at $6,750. Today price dropped 21%, reaching as low as $6,600 on Coinbase. It then rallied as high as $7,400 before settling down. Currently bitcoin is trading around $7,100. If you did buy the dip, I’d raise your stop-loss and protect your profit.

Looking at the daily chart, we can see price found support right on top of the 21 day EMA. If price decisively breaks below (daily candle opening and closing), it could signal a much deeper correction to

About the author: Workin 2005
Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom

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