USDTPERP trade ideas
The Tether ProblemThe 700 million tether issued indicate the top. Why Tether has to be issued ? Because the whales who dominate the market are about to exit and redeem cash.
When I am writing this article, the Tether news just came out. Will the market has a massive pump after the news as it did in last October ? I don’t think so.
Notification: This is just an educated guess since I don’t have access to Bitfinex finical documents as the New York state attorney does. LOL
Does the Tether company have the equivalent amount of US dollars in its alleged offshore bank account to support its worth? Well, no. But do the Usdts issued have cash to support its worth? It might has. People buy Usdts from OTC market in China, Korea and Japan. Franklin doesn’t endorse Tether alone but in accord with these East Asia currencies. Balls to play this catch me if you can game are from outside America.
Some people might argue that crypto has been banned in China. Although China has banned the crypto market officially since Sep.4th 2017, it still exists in a grey area and people in China still have easy access to bitcoins, along with all kinds of other cryptocurrencies which includes Tether. Cause those exchanges in China has “officially” moved overseas. Technically, only the servers . If you want to trade crypto in China, a simple proxy will fix the problem, the same trick they use when “404 Not found” pop up while trying to use Youtube and Google. The Okex headquarters are still in mainland China. Individual investors flocked to its headquarter in Beijing serval times and use suicide threats to try to get a refund whey they lost a big fortune in the future trade.
It’s said that the exchange boards have higher connections in the China government. Since these have happened in Beijing, the very capital of China, not just once, Okex still runs well and allege itself to be the biggest crypto exchange.
LOL I would short $tether here @wizardsofcrypto $USDT 1.05?Why even trust something connected to the dollar
Enough said
I'm never touching this coin, ever
Safe trading
USDT case - Do we trust this stable coin?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 of around 8% in 5 days.
The cryptocurrency currency created by the exchange Bitfinex is raising more and more doubts. It has recovered from every hit that has had. However, a lot of investors questions its viability.
The Copilot
Buying a dollar for 95 centsDescription: tether owns 3x% of bitfinex and will have $50m+ surplus when repayed. so easy a caveman could do it
Timeframe : doesnt matter
Indicators used: fuddamentals, bootlickers,
Shout out to: NYDFS, NYAG, Jamie Dimon,
USDTUSD Tehther longWith popular crypto following bitcoin it was nice to see tether being the loudest in the room. On the daily seeing falling wedge reversals on bitcoin and its mirrors tether is also showing a confirming sign.
TETHER daily and weekly High Low price swing datesThis chart was originally published on DECEMBER 26 but was hidden by the Tradingview platform because I violated house rules. The 1st Djinn Predictive Indicator has been sold. There should be no more house rules violations.
The price of Tether USD will fall on or near Jan 7The price of Tether USD will fall on or near Jan 7. Tether is like your questionable cousin - Mostly criminal. It is your cousin that you KNOW is going to Jail sooner or later. I wish Tether wasn't a crypto wasting my time. Like Ethereum, I cannot track it's yearly future. Because it has not future.
Tether - the string that ties all the cryptos together!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!
Either buy there or wait for the other oneEither do the buy on the thing or wait for the other thing to do the thing
TetherTether price for today is $0.993657. It has a current circulating supply of 2.06 Billion coins and a total volume exchanged of $97,581,934
Resistance Level (R3): 1.021
Resistance Level (R2): 1.013
Resistance Level (R1): 1.003
Pivot Point: 0.995
Support Level (S1): 0.985
Support Level (S2): 0.977
Support Level (S3): 0.967
This is odd ...why is Tether going up as BTCs price is rising This is odd ...why is Tether going up as BTCs price is rising
BTCUSD: USDT correlationEvery time, when Tether was well below 1$ 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.
