Bitcoin / TetherShort
btcusd 7000 in SEP. Fake break out from parallel falling chanel
Bitcoin is pumped to break out of parallel falling chanell.
But this is seems a fake break out as of no fresh capital is entering the crypto market, but only USDT Tether redistribution on biggest exchanges is happening.
Bitcoin is simply sucking out all tether from alternative coins to generate a bull signal and push algo trading systems start buying bitcoin with new money.
If the fake bull rally will not bring fresh money into crypto market the 7000 per bitcoin in September is inevitable
But this is seems a fake break out as of no fresh capital is entering the crypto market, but only USDT Tether redistribution on biggest exchanges is happening.
Bitcoin is simply sucking out all tether from alternative coins to generate a bull signal and push algo trading systems start buying bitcoin with new money.
If the fake bull rally will not bring fresh money into crypto market the 7000 per bitcoin in September is inevitable
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