This looks really different if we compare with any other fiat or usdt pair. You dont have to freak out i think there are Two Possibilities:
1. They’re moving out of Tether back into $KRW following regulation changes and removal of banking restrictions.
2. Silent Pre-Accumulation due to green signal for ICO and Cryptos in south Korea.
Bitcoin’ and cryptocurrency became really famous in Korea. If you go to there, there is something that you can tell right away by interacting with the people... They are really, really smart, advanced, educated, polite and beautiful people. I believe they are ahead of the game when it comes to most other countries and their interest in Bitcoin’ is increasing ...
SOUTH KOREA IS THE SMARTEST COUNTRY IN THE WORLD WITH 108 IQ'S THE US EXCHANGES LIKE COINBASE ARE VERY BEARISH AND ARE TRYING EVERYTHING THEY CAN TO KNOCK THE PRICE BELOW SUPPORT BUT SOUTH KOREAN MARKETS ARE TOO SMART FOR THE US THEY WILL NOT LET IT HAPPEN NO MATTER WHAT THEY THROW AT IT!!!!!!!!!!!!!!
I really like to cross reference my primary charts with the BTC/WON pair.
Note the multimonth resistence line being -- probed?...
Yes, I colored this chart with South Korean flag/ Korean Air colors....love Korean Air menu! :)
We pierced the ceiling and dropped back down within that nasty multi week bear flag. All we have to do now is stay above that thick red line and we pump 20-30% on all alts within a few days. Our clients are only holding 1-5 alts. We expect they will do 50-80% over the next few days. We shall see... http://bitcoin-fund-manager.com
This is Bithumb BTC KRW.
Looks like a massive monthly bear flag
that wants another 50% loss.
But if you zoom into the daily,
and look at the monthly volume candle,
just the last few days doubled all
that volume from the month before.
This is due to Bithumb secretly making
a fiat onramp partnership with NongHyup Bank.
Watching closely to see if we reverse ...