usgol_crypto

USDT correlation to BTC

Long
KRAKEN:USDTUSD   Tether USD
Whether you like tether or not it is very obvious that it’s value against USD overlayed BTC charts gives a correlation, which is: whenever tether is dropping hard a new BTC rally starts.

One of the reasons may be that tether is poorly maintained and can not sustain it’s pegged value as expected.

Nevertheless, it can give us hints about what will happen.
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