Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In a twist of events, an incident that happened within the banking realm created chaos for the crypto realm. I bet you didn't have that...
SIVB SVB Financial Group suffered the most severe bank run since Lehman Brothers for selling bonds at a $1.8Bil loss just to raise cash!
They had one of the worst possible yields as well: 1.79.
USDT Tether said on Dec 2nd, 2022, that its equity is expanding swiftly, with "82.45% of the reserves held in U.S. Treasury bonds and other cash equivalents."
What yield...
Right I just got some time to get around looking into Tether after recent events, and I have to say I have never seen such an uneducated community get fooled by a "Merkle Tree" proof of reserves?
---Problem one---
The Binance CEO states a Merkle Tree is the best way to prove user funds, why does this not work? There is ZERO way's to check if multiple users are...
The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether...
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...
In our previous posts, we warned about de-pegging of the Tether stablecoin from the U.S. dollar. The precedent was set when Luna stablecoin fell 99%, spilling to other tokens and temporarily breaking the peg between the USDT and USD. With the recent crash in the cryptocurrency market, we remain very pessimistic about its outlook.
Illustration 1.01
The picture...
This volatile market is very dangerous if you are holding USDT too.
When UST, Luna`s stablecoin depegged from the USD value, USDT went down to $0.94 and then back up.
This time, with the sharp sell-off of all assets, the threat of depegging is bigger and more dangerous for Tether.
I would rather avoid USDT and BUSD for now.
The triangle stock pattern is a versatile chart pattern that is viewed as a continuation pattern and a reversal pattern at the same time.
Looks the triangle broke and that trend line as well. When USDT dominance is going down to the support line, Bitcoin prices going higher and vice versa. USDT Dominance is showing a strong convergence signs on 2h or 4h time...
USDT has been The stable coin in which everybody has put their trust and confidence to maintain part of their crypto assets is a stable coin. Well, USDT has fallen by around 3%. From 1 USD for every USDT to 0.97 USD for every USDT.
As we can see in the chart, such an important variation hasn´t taken place since October 2018, date in which USDT/USD had a variation...
Congratulations to Tether! Now a top five coin, it reached as high as #4! Can it become a Top 3 Coin?
This is the coin to watch! If it reaches #3, it will surely be a landmark moment in Cryptoland! This will mean that something spectacular has already happened, or is about to happen!
Every time, when Tether was well below 1$ level BTC suffered (see red ovals). And as soon as USDT was coming back above 1$ mark, bitcoin grew.
Now we have that orange area, when USDT is cheap, but it seems to be closing to 1$ level again. In any case, worth keep an eye on that.
Not a financial advice.
Analyzing the Tether Price from Kracken, where according to cryptocompare , 90% of the volume derives from. The stable coin everyone's talking about that dropped 15% against USD. Will it tether back to $1?
Tether is finding support at the early 2018 levels of $0.94. It is currently 4.6% away from it's $1 value.
Daily TD Sequential is on a 9, hinting a...
USDT FUD???
Crypto community's believe that Tether does not have a real amount of $ backing USDT, about which BitFinex, Tether’s partner exchange, is already aware. And while USDT is one of the highest volumed cryptocurrencies, the exchange couldn’t handle the capital flight towards Bitcoin, resulting in a huge drop but BTC pump.
This seems have started with...
Some interesting developments on Tether. Tether is such a dumb subject. So many conspiracy theories and everyone is an expert. Literally no one here knows what is going on behind the scenes. Nefarious or not, there does seem to be some relationship between BTC price and the USDTUSD ratio. However there is not too much history to go on and examining history is...
The fraud has been confirmed, all are coming urgently out of tether the coin created by bitfines (from now mtgox 2.0) if you have tether pass to bitcoin or any other currency.
Se ha confirmado el fraude, todos estan saliendo con urgencia de tether la moneda creada por bitfines (desde ahora mtgox 2.0) si tiene tether pase a bitcoin o cualquier otra divisa
Hello Followers,
There is a very interesting fact going on that could be an indicator of a Bull Run.
If history is about to repeat itself, market could be close to a big move up. Last time this move happened later on there was a huge profit of 236%. Incredible.
This is part 1, I will post later Part 2.
Very significant correlation between USDT/USD and...
