flockoo

$BTC Lookback at last day

BITFINEX:BTCUSD   Bitcoin / Dollar
Well after the fakeout on what looked like a promising bull run, we're back to the low support level reached since the 22nd. As noted once the channel broke it put the bears in the drivers seat once again combined with the tether news/fud today, the drop wasn't surprising. what's impressive so far looks to be the 9800 support hold, a sign that market news FUD is hopefully weakening overall impact on price. There's a lot on the tether situation that needs to be discussed and looked at, for now i'd look at it as they've been under subponea for 2 months and no actual bad news has leaked about their reserves...take it for what its worth. Looking at more chop in the near term, will update later
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