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RichardSlanger
Jun 26, 2018 6:07 AM

250,000,000 tether being printed is bullish? 

BITFINEX:BTCUSD1D
Bitcoin / DollarBitfinex

Description

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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

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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

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Tether print history can be found here omniexplorer.info/
Trend AnalysisBTCUSDBTCUSDTBitcoin (Cryptocurrency)Cryptocurrencycrypto
Comments
PawelS
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They were shorting with this newly printed tether previously. Maybe now it is time to Long? :)
AliSh
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if tether crashes, the whole market would crash. Btc would go down to 1200 dollars. But I dont think that could happen. who knows.
Bull2025
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@AliSh, Tether will not crash in the next 3 years.
WaveRider1423
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Interesting! Thanks for sharing. I favor a push down before resuming the larger bullish trend. Good luck trading.

Weekly with link to full thread with recent updates:


4HR Chart:

siLve_R88
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sounds interesting. From where did you get your info about the previously printed tether?
RichardSlanger
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@siLve_R88, twitter.com/eurtprinter - makes it easy as he tweets any substantial amount, or you can manually check at omniexplorer.info/
sublimexxx
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not this time :)
Behrouzzz
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@sublimexxx, looool idiot
sublimexxx
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@k0tkin, who is idiot now :))
Beefchest
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I see huge bullish divergence on the weekly, daily and four hour chart in the MACD as well as the RSI. But it will probably ga as they say: when you think the worst is over, the markets are going to hurt you one last time :)
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