Bitcoin Analysis: Uncertainty After Tether/Bitfinex News

Bitcoin has held up relatively well since Tether/Bitfinex news broke. Price is currently above the $5,000 support, trading around $5,170.

Screen Shot 2019-04-29 at 11.29.23 AM.png

The 21 day EMA is acting as strong support. A decisive break below (daily candle opening and closing) may indicate a larger drop is coming.

Screen Shot 2019-04-29 at 11.46.53 AM.png

In today’s analysis I discuss where price may go from here, how I’m planning to trade and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM ( or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.


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