Bat formation printed on AAVE finding support around 405. There was quite a pullback in the Alt world today, with BTC.D looking to appreciate a bit more.
Most pairs I look at are spiking off of support levels so I'm not entirely certain what market conditions will hold.
Best thing to do is....nothing.
If Aave shows me some convincing PA, I'm willing to take a quick scalp. Looking for a retest of the green zone and I will go from there. If price doesn't come back to my preferred level I wont chase it.
The only thing that can save the dive is more tether printing
N0ST0PL0SS
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@TWIMARKETCAP, Can you go a bit more in depth on that?
TWIMARKETCAP
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@AmarPearson, Hi Amar, open any btcusd and press "compare", and compare with USDT (market cap USDT), you can see that every time USDT prints new money bitcoins pumps, and when they stop printing for long periods, bitcoin dives. For example, last night they printed $800 million tethers, and caused the pump. Let me know what you think.
N0ST0PL0SS
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@TWIMARKETCAP, Just seeing this. I just checked and I see what you mean. Thanks for the insight!
Do you think tether lags or is it BTC that lags the printing?
TWIMARKETCAP
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@AmarPearson, It happens when they do the buying in the exchanges, so the pump might show in the chart after the printing, because they have to transfer the tether to exchanges, allegedly!
But recently it happens right away, because people see the printing of tether on the blockchain and they jump and buy btc before the pump. allegedly! Google tether scam and you will see lots of articles.
N0ST0PL0SS
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@TWIMARKETCAP, Oh wow, Thanks for the insight. I did hear about some suspicious things concerning tether and the company that backs it.