Just as things were going ok in Bitcoin-land, we got a new round of "Tether-fud" this time, though it seems more credible to me than before.
Let's take a look at the price movements. The 12-hours is signaling a sell on two confluent factors: The EMA 10 and 21 crossed negatively for the first time since March. Moreover we have now closed a few candles below the previous support line and it is beginning to look like resistance:
On the daily, we are still trapped between the 10 and 21 EMA. I think it will be a good sale if we close below and a buy if we close above. We have closed a few days below the support line so I am leaning towards us going lower but will be cautious until we get a confirmation on the daily. I have sold a bit here and may sell more on confirmation:
How are you acting on the current market?
As always: Good luck to all of you and take care.