Bitfinex = Tether = USDT (same company)
It was 74% when they had 2.9 billion tethers. It’s probably even less now.
Ask yourself ...
Who is buying bitcoin?
Why was there more interest in Bitcoin in 2017 than in 2019?
Why did the price go up after imaginary tethers were printed?
Why did Bitfinex...
Well, you already know how I feel about all of this and how this has come about. If you read my other idea, tether has actually printed another billion fake dollars in the meantime and injected it into the system and actually are buying bitcoin with it... No bull was telling you that about that, right? There are major fundamental problems with the underlying price...
In this strategy, you are going to learn about a trading strategy that uses the how to use parabolic SAR indicator (Stop And Reversal) trading tool, along with two moving averages trading strategy to catch new trends on the reversal and continuation of the trend.
If the dot is below the candle this can be a signal to BUY or an uptrend. When the change occurs (the...
So what can we expect from the price of Bitcoin.
Let's look at the most likely scenarios:
The first possible scenario is a rebound from the level of 8,200, with the subsequent movement to the levels of 7 400 - 7 200, where the formation of bullish divergence and a price reversal is possible.
But if the Market maker conceived an insidious plan, then they will...
This is a continuation of the correlation between #tether and #Bitcoin. The RSI of BTCUSD/USDT shows how the price of over-sold currently.
Moreover, during the last period, there was a steep drop from the high.
Two scenarios can pan out here...
1. If more USDT is burnt, RSI would rise and price can fall further.
2. Price could recover with respect to USDT...
The marked areas show how tether is has acted a leading indicator from the past one year.
USDT DUMP first - followed by Bitcoin dumping
USDT Pump Followed by Bitcoin bull run
Its seems like it has stopped printing USDT for now. In 2017, this stagnation of fresh volume was met with a bearish pressure.
Stagnation can mean bearish as altcoins are not providing...
If you stake tether, then warn from this triangle.
The basis is the parity with USD and the ascending trendline is formed by the wick of the news directed sell off.
The previous sell off were rapidly reabsorbed leading again to the parity.
If the sellout come, depending on the news triggering it and deep of the sell out, a stop buy will give us an easy 2-4% gain.
Pinged first lower band today. Considering the "printing Machine" activity of the last weeks, here more room on the upside than downside. Anyway a fast dump on the second lower band may still be in the cards.
What is up folks, long time no see... I tell you what is up ... BTC is up, but we don't know for how long.
The week has passed and I am seeing people all over TV posting their trade ideas calling for cup and saucers, round bottom flacks, hanging man and variations of head and shoulders. When sometimes the pattern is recognised correctly, yet most of the time it is...