AdrianZieniewicz
Long

Tether just printed another batch of $300m - Bitcoin Bull ON

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
https://twitter.com/eurtprinter/status/9...

The most scammy project since the Madoff's has just refueled its tanks, MACD is signalling trend reversal and the G20 summit didn't end negatively for the cryptos. I was bullish because I'm naturally skeptical and I still am in this case but I sense that something's cooking.
Comment: Ugh, I was bearish - sorry it's still early morning for me at 11AM ;]
Comment: Here's a little zoom in on the action
You dont know how theyre going to use those funds. The owners might use the 300 mil to pump the prices, create a bull trap as I think they have, crash the market again and buy the dips. Rinse and repeat
+1 Reply
@kash27, You're right! I totally agree with you but the sole fact that Tether has just printed a huge load of USDT is probably going to cause some significant moves. My initial idea was that they were planning to pump it but you may be right... I was honestly hoping they would stop printing and that their exposure would cause a lot of damage but the game is not over. In any case the TA will probably be not enough to predict what's going to happen next.
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kash27 AdrianZieniewicz
@AdrianZieniewicz, Idk man its really hard to say. But the volume, rsi and macd for btc dont look very solid atm. It could honestly go in either direction, but theres more evidence suggesting it will pull back. Now how low it will go and when it will stop is what Im trying to figure out. But those are the million dollar questions I guess haha
+1 Reply
@kash27, Well, looking at the charts it's easy to spot tens of candles that were not organic at all. We're at the mercy of Bitfraudex.
+1 Reply
kash27 AdrianZieniewicz
@AdrianZieniewicz, Haha yea I was watching that yesterday. The green volume just came out of nowhere. That means market (whale) manipulation, since it not supported by public demand I'd say its very likely it will collapse
+1 Reply
@kash27, They spin it up to gain organic momentum. If I have to make a safe bet, I'd say that we'd need to get above 12k to become truly bullish but with $300m they can drive the price up to even 20k if the public picks up the fomo.
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kash27 AdrianZieniewicz
@AdrianZieniewicz, Exactly! Which is why I cant figure out what to do
+1 Reply
@kash27, It's always better to earn less than lose something! Good luck :).
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what does that usually mean, 300 Mill USDT printed? what does that indicate?
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