I want to share a secret indicator that noone actually pays attention: Tether market cap!
As seen in the chart, Tether seems to reach its limits around $4bn, and there is a big resistance there.
This is interesting, because everybody thinks that Tether is created out of thin air, and there is no cap. Is it so?
What if there is a cap that Tether is...
Bitcoin is forming a huge symmetrical triangle since March 2017. In this triangle, bitcoin also made two other symmetrical triangles that looks almost similar. In both triangles, Bitcoin touched 3 times to the upper and lower trend lines.
Now it is in a very delicate decision point whether to obey the first pattern, or go for an entirely different direction.