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
based on your finding on tether and btc, what is your outlook on bTC for next few weeks?
cp_thor3rd
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@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.