BarclayJames
Giá lên

USDTUSD: predicting BTC bottom and next high with Tether?

KRAKEN:USDTUSD   USDT / USD
So I had to trade a lot of Tether for USD today...
Tether's pattern is basically a 5-point consolidation pattern (purple) followed by an S-curve dip and and peak (magenta). The dips correspond with BTC             crashes in 16 July 2017 and 2 February 2018. The July 2017 point corresponds exactly with the bottom of that BTC             crash. The February Tether dip is very close to the alleged February 2018 bottom. Is this an indication that we have actually reached the bottom of this dip? Maybe, so long as this USDT-BTC correspondence holds.

Next notice that the emergence of Tether from the bearish Ichimoku cloud last year occurs on the exact same day as the proceeding All Time High on 1 September 2017. Interesting for us because, if Tether continues along this pattern, we are due to emerge from the bearish cloud on 26 February this month!

Is this a new All Time High??? Or just a failed high? Or just a random coincidence?

Another question: why is cloud at this breakout point so thin! This time the bearish Ichimoku cloud is all but a slither. Why and what does this mean? In general thinness of the cloud means low volatility in the preceding period, which in turn means that the current price action is changing at a very regular pace (not surprising if the BTC             rebound is being pumped by whales lol).

Three scenarios:
  • Breakout: YES! We break out moon big time, everyone gets lambos yeah, so happy, really
  • Fakeout: HAHAHA lol Tether price drops again and goes under the cloud, because naughty whales are not as clever as they think they are and we just don't have the kind of support to get us there, (because secretly we all know this crypto speculation is a massive Ponzi) and the next All Timer turns out to be a failed high.
  • Neither: this idea is simply wrong.

Let's see. I'm long anyway.
Bice one
Phản hồi
Weirdly this kind of makes some sense, I will review this properly on Monday. IF the market survives by then that is. Lol
+1 Phản hồi
BarclayJames DashMorgan
@DashMorgan, Ha ha, yes it's a big IF. No I'm sure we'll still be here, at least I give us good odds. Enjoy your weekend!
Phản hồi
DashMorgan BarclayJames
@BarclayJames, It’s certainly food for thought. I will try, have a little bit too much tied up in Litcoin waiting the bull flag to break to $300(ish) and much prefer being in mostly fiat on weekends. You too though!
Phản hồi
Thanks, this is pretty interesting.
+1 Phản hồi
BarclayJames Mikelikescrypto
@Mikelikescrypto, Yeah I guess there must be some relationship to USDT price around important events like ATHs and dips since Tether is actually traded on Kraken and Poloniex, but I can't believe that we'll take off so soon. Seems far fetched.
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất