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.
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...
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 reversal 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
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...
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...
I wanted to have a discussion (or at least express my personal views) about USDT/Tether here, looking at the pros and cons of having USDT in the cryptomarket.
In terms of TA, the chart itself has just the Fib lines only. I selected two points on the chart and both are inverse as the value of USDT is being measured against BTC here. If the...
So I had to trade a lot of Tether for USD today...
Tether's pattern is basically a 5-point consolidation pattern (purple) followed by an S-curve dip and and peak (magenta). The dips correspond with BTC crashes in 16 July 2017 and 2 February 2018. The July 2017 point corresponds exactly with the bottom of that BTC crash. The February Tether dip is very close to the...
650 million USDT printed since 14 January.
Coincidentally, that's when BTC started dropping.
People started cashing out to USDT.
USDT value increased.
Uh, oh...USDT needs to be 'stable'...it needs to be 1:1 with actual USD.
Let's print some more USDT to reduce its value.
However, in doing so, Tether is effectively propping up the value of BTC.