I sometimes do Inverse relation of btc and Tether to find different view on bitcoin.
we are 5-3-5 zig zag correction of USDT and it will fall to the green lines
Long Bitcoin!!! (mid term)
BTC analysis
Mooving whole army of my stacked USDT out of bear market back into the game as bears are getting weaker.
STOCKS DOWN SPX
BITCOIN/CRYPTO UP BTC
There is no TA. Just pure speculation...
When we look at the USDTBTC chart, we see a rising bearish flag pattern in long term. However, there is also rising wedge pattern. Both of them are big signals for bearish trend. I can say that USD bearish race (Bullish race for BTC) will start most lately before the christmas.
Support for BTC: 5750$
Not a trading advice.
Its all explained on the graph but in summary:
Uncertainty has caused investors to "bank" their BTC/ZEC/ETC/ETC, and any other currency that has a USDT tag.
An increase in USDTBTC volume and volume of any other USDT tagged currency will indicate that a subset of investors are willing to convert their
"banked" money back to digital currency.
It will also...
Hi everyone.
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...
As you can see usdt/btc is just the upside down chart from bitcoin. If Tether/Bitcoin is going down, bitcoin is going up.
In my previous analyzes from this chart we allready say a big pennant forming with a potential Head & Shoulders inside. It went higher then i tought, but nothing changed for the long term. The H&S is still valid and as you can see we have...
Basic idea of the chart: when it's bullish, best to hold USD or BTC. When it's bearish, best to hold SALT.
Hoping for some more bearish-ness from the chart, and I'm long on SALT.
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