mmacwj

Inverse Rising wedge - Bitfinex price offset

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
im pretty sure once we see parity of BITFINEX BTCUSD prices with all exchanges then a reversal will happen.. BTC is still paying for the USDT creation.. So there have been new buyers but they are still just filling the gap created by the USDT (Tether) generation.. currently we are at approx $200 offset between Bitfinex and Coinbase exchange prices.. so half of yesterday.. perhaps one more dip to $5k is due to get BTCUSD price Parity and then a reversal.. currently the BITFINEX chart has some room for a further dip bring this parity closer.