RichardSlanger

250,000,000 tether being printed is bullish?

RichardSlanger Updated   
BITFINEX:BTCUSD   Bitcoin
Lots of news going around that 250,000,000 usdt was just printed. Here is a chart with the dates of large amounts of tether being printed. As you can see, it does correlate with the reversals , if anything there has always been one more leg down on the daily chart . Trade with your chart not your heart <3
Comment:
I would like to clarify that i'm NOT suggesting another leg down, I simply want to show there is no correlation of reversals after large amount of usdt being printed. Many many social media "gurus" would like to give the impression that this is bullish news but history has shown this is simply not true.
Comment:
Tether print history can be found here omniexplorer.info/
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