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...
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...