Short

USDT BTC

I do not make beautiful graphs, and I do not need to right now, because almost all TAs are not telling the truth. USDT was used after mid of December 2017 to pump BTC. How was that done? It was done by manipulating the price by Bitfinex, and later by other exchanges, because only few work with real fiat money, thus having the ability to make the price higher with influx of new money. What is the situation. First BTC and ETH was pumped with the use of the USDT, thus lifting the price ot the other alts. Than Binance enter in this game NEO with significant PAID marketing, and binding NEO to USDT. In some of my previous statements, you can check the time frame and open the minute graphs of NEO. BTC, and ETH to see that they are absolutelly identical to a second. When wash trading happens to BTC, the same second happens to NEO and ETH. Later alts going up. Many times. It is orchestrated, it is organized. I would call this - organized crime. It seems that Bitfinex was lending money from a bank with 2% interest, and for every 100 USD they had taken some 300 or something. Soon, to hear was it like that. On the top of this, they were printing even more USDT. Does with bots and spoofing, they lifted the price with whooping 15 000 USD for 1 BTC. After thereal USD of yours, yes YOUR money, were drained in a typical ponzi scheme, and BTC was halfed. You would ask me why they half BTC, and I will tell you. This is not because of the drain of money, but because THEY want that the price was halfed. When BTC is 20 000, there will be not so much people getting in the market with 1 000 USDT , to buy very little. When the price is low, more newbies will come and put their money in, that those criminal steel again. I hope that newbies will read that carefully. I am absolutelly sure there will be a new pump of BTC, NEO and ETH, once they are dropped enough, and new money come in to be drained. The current price is not sustained so much by Bulls, believe me. Who is that stupid to risk so much money to keep the price in the channel on my graph, just for the reason for keeping it by buying BTC and ETH every day, from the people selling. The price is sustained by the exchanges themselves, with wash trade, and since they are not audited and they do not have any legal rules to run on, they will continue to do it, with the idea that in February Korean gamblers are comming back on board, as well as the Robinhood release, which I think is orchestrated in the same song, for the purpose of pumping ETH and BTC again. There are news that Japan app is also introducing cryptotrade to 1 million customers using the app of other issues. So, exchanges, and the criminal working with tham are doing this wash trading, waiting for the new fresh Fiat. I see so many people here claiming the fiat is dead, and crypto is protecting us from the governments. As for now, the criminal exchanges are using the crypto just as gambling to drain your dollars out. I will give you some fundamentals: Hong Kong is starting a warning campaign about the dangers in crypto, China banned ICO in order that their own citizens does not loose money. Yes, the money can be lost only by westerners. Where is the main part of mining BTC? China! Who are the guys behing LTC and TRX - major drain - was drained with almost 1 billion to the accounts of their creators. Can you estimate those numbers? India, the biggest country in the world is prohibiting trough their banks the influx of money to crypto. Korea is putting taxation on cryptodeals, and even just found that 600 million USD were used for criminal activities with crypto. US Government to start to monitor and tax state by state trades. You know that taxes there and not small. Russia to allow only qualified traders to trade crypto. Soon, to expect new regulations every where. I even believe that Korea government did not ban the crypto just because they realised that 1 million koreans already lost huge ammount of money, and they want it back.

KISStheProfit

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.