cp_thor3rd

TETHER correlation to BITCOIN

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The sole purpose of this idea is to compare the Bitcoin price action with Tether creation. I've placed vertical lines of different colors at each instance of printing. Below, you can find which colors correlate to different prices.

NOTE: This idea only contains instances from January 1, 2018 to the present.

Key:
Green vertical line: $300mm transfer
Blue vertical line: $250mm transfer
Red vertical line: $100mm transfer
Yellow vertical line: $50mm transfer


Tether creations (timestamped):
$100mm: September 2, 2018 - 12:39 pm
$50mm: August 27, 2018 - 8:39 am
$100mm: August 21, 2018 - 2:39 pm
$250mm: June 25, 2018 - 9:59 am
$250mm: May 18, 2018 - 2:20 pm
$300mm: March 20, 2018 - 2:51 pm

GAP in printing

$100mm: Jan 23, 2018 - 7:07 am
$100mm: Jan 19, 2018 - 8:57 pm
$100mm: Jan 19, 2018 - 8:08 am
$100mm: Jan 18, 2018 - 11:02 am
$100mm: Jan 17, 2018 - 2:19 pm
$100mm: Jan 16, 2018 - 5:23 pm
$100mm: Jan 15, 2018 - 8:02 am
$50mm: Jan 14, 2018 - 1:28 pm
$100mm: Jan 4, 2018 - 10:01 am

Sources:
https://twitter.com/eurtprinter
https://omniexplorer.info/address/1NTMak...

Comment: I've added another idea that shows the same thing on the daily chart so you can see the bigger picture more easily.

Comment: General statistics:

Total amount printed since Jan 1: $1.9Bn
Average amount printed: $127mm
Average time of day: 12:13 pm

Percent of the time that a pump follows the printing: 80%
Average price raise: 7.425%
based on your finding on tether and btc, what is your outlook on bTC for next few weeks?
Reply
cp_thor3rd rudcharts
@rudcharts, I've concluded that the tether printings only have a short-term effect on BTC. I'd say we retrade back a little bit after we get to 7500, but that is unrelated.
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