The difficulty with young charts like this one, is that there is not a lot of antecedent and support are not clearly identified . But, we can obviously see that BTT is oversold, with a very low RSI, who are good indicators for a entry. BTW we can remember that BTT is now part of justin Sun plan for Tron, so we have pretty good fundamental here, for my opinion.
TUSD is struggling to hold its 1:1 peg due to no demand, meaning the money is in the market right now which is very bullish IMO. Once there is a premium to buy back TUSD meaning you pay more than $1 its a sign of market weakness as everyone is looking for a safe haven.
Lots of people have bear market PTSD, Iv never been more bullish TA wise and FA
$tusd has always been a good way of charting btc moves as it is a cleaner chart that respects fib and EW.
this does mean that tusd i currently on wave 4 and has fallen 0.5 of the last wave down.
due to its uprise it does mean that a drop to the 00017-18 area is possible but until btc breaks 4200 we could well of seen it correct here and look to start making a...
A falling wedge that is appearing.
It would be consistant with the coming cycle change.
Buy arround the white line
STOP LOSS AT RED LINE
TARGET GREEN Lines T1 in 5 days max // T2 in 12/14 days maybe
Like if you think the idea is possible or you see it realised it self :)
That's for support and feedback! :)
Chart shows an over-extended rally peaking to a ridiculous $1.24 for TrueUSD against Tether.
RSI on the Daily chart is still overbought at 85 with an RSI double top appearing on the 4 and 6-hour.
TD Sequential on the 4-hour showing a 9, so expect a 1-4 candle correction, at minimum.
Major support between $1.03 and $1.04 will be the key level...
No one knows how tether really backs up their USD. If they use actual USD they're at the mercy of legacy banks that can shut them down and if they use BTC or others assets to back up tether then they are at the mercy of the markets and the prices of their assets. Tethering ain't ezpz.. Now big boy goldman sachs has entered the stable Ecoin (Evil coin) game giving...
USDT (Tether) will become in a near future one of the most important and tragic drama in our crypto world !
USDT is back by nothing, they are opaq and they have increase about 200 times or more the supply of tether… don’t be fool by their marketing.
We want to see where are the 1 BILLION $ supposed to be lock in a bank account ! It’s total bullshit. Like a...
Tether's current trading value against USD has created a huge spread between USDT and USD traded pairs. A possible reason is tether's long-standing lack of transparency or the perceived safer stable coin competitors. @AureliusBTC on Twitter noticed the gap on multiple spot exchanges using USDT vs. BitMEX long before I did, and linked this article about possible...