hi there, fellows.
we've noticed a very peculiar relationship between USDTUSD and BTCUSDT pairs.
since late june USDTUSD prices have served as gauge to short term future moves of BTCUSDT.
notwithstanding, we're at the longest divergence between the two within this period.
that hints us to expect a near term up move on BTCUSDT to the mid of the channel, at around 23k, 23k5 within this week.
it's absence might mean that this relation have been broken.
we're not considering BTCUSDT driving USDTUSD for as it was BTCUSDT who moved to catch up with USDTUSD curve.
another argument is the enormous daily volume that USDT has, far superior to the one of BTC.
thank you.
we've noticed a very peculiar relationship between USDTUSD and BTCUSDT pairs.
since late june USDTUSD prices have served as gauge to short term future moves of BTCUSDT.
notwithstanding, we're at the longest divergence between the two within this period.
that hints us to expect a near term up move on BTCUSDT to the mid of the channel, at around 23k, 23k5 within this week.
it's absence might mean that this relation have been broken.
we're not considering BTCUSDT driving USDTUSD for as it was BTCUSDT who moved to catch up with USDTUSD curve.
another argument is the enormous daily volume that USDT has, far superior to the one of BTC.
thank you.
