I noticed a correlation of tops and bottom in TUSDUSDT pair with that of BTC. I use a regression channel to detrend TUSDUSDT and invert the price to match tops with BTC tops and Bottoms with BTC bottoms.
Currently it gives a bottom signal which means a long entry.
It's easy to take profits on tether fud. But I never thought about scalping stablecoins without news. It seems possible.
Is anybody using this technique?
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
We have a typical saucer reversal pattern . So I wait for TUSD pump or we can call it another USDT dump . I look at it only from technical analysis side . We have already had 2 pumps before and repeating wont be strange . Also such saucer pattern was before but it is larger so pump can be larger . I think it is easy profit because I am not risking anything but...
In combination with btc graph, we can see that USDT (Tether) is losing traction at a steady upwards rate. Actually its not steady at all its all over the place, however its consistently making higher lows. looking for a big spike in combo with an increase in the BTCUSD volatility in the downward direction
BINANCE:TUSDUSDT
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...
Who says tether is boring?
I only noticed this because I had TUSDBTC orders filling at about the equivalent of $5900 per BTC, when the BTC/USD price struck down below $7000. It was to my advantage because I was selling TUSD, but this still had me perplexed.
Turns out after bit of head-scratching that TUSDT spiked up to 124% the USDT value, and even now it's...
You will want to be in trueusd instead of tether before OCT 2 and wait until the tether fud crashes tether. You will want to convert trueusd to tether during peak fud because it will later come out that tether is legit. a milli a milli
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Bitmain and Circle partnered in attempt to gain market share in the stable coin...
