USDT.D and BTC price Correlation
Updated
Hello, some time ago i noticed this, until yet, very accurate correlation between USDT.D and its effect on Crypto prices afterwards.
I cant say for sure why it makes sense, my guess would be that Tether whales have an easy game manipulating prices when theyr market share
in comparison to whole crypto marketcap is high, but thats just a theory as i cant proof it.
Until now this was very accurate, as you can see yourself at the btc chart below, alot of tops/bottoms since 2018 could have been predicted with this Chart.
Chart explained:
- Buy or Sell Signals are generated when USDT.D touches broadening Wedge Resistance or Support.
- Horizontal Lines marks the time a Sell (red) or Buy (green) Signal is generated.
Below you can see the Bitcoin Chart and the time the USDT.D Chart gives a "Signal".
Please take your time to look at the Btc prices after said Signal was generated and you will see that this Correlation was very useful until now.
Where exactly Btc is when the Buy signal is generated soonish will also depend on USDT marketcap changes in the coming Days/Weeks, but should be arround 10-14k.
I personaly believe that Crypto is overrated (aka a Bubble) as its not scaleable, that said i consider 10-14k still expensive longterm speaking.
There is a chance that btc goes into another bullmarket after 10k tho as it is still in the range of previous ATH drawdowns but i think its unlikely.
I would only buy at 10-14k range with money im comfortable loosing completely as this could be the start of the bubble burst with no more bullruns with new ATH´s.
I think its likely we will bounce at 10k range but its yet unclear if its just a correction or new bullrun.
In case the broadening Wedge on USDT.D breaks upwards im recommending stop losses some % below 10k as breaking 10k would confirm to me the bubble burst.
Do your own research and only invest what you can afford to loose.
Crypto is very risky and you can loose everything very fast!
I cant say for sure why it makes sense, my guess would be that Tether whales have an easy game manipulating prices when theyr market share
in comparison to whole crypto marketcap is high, but thats just a theory as i cant proof it.
Until now this was very accurate, as you can see yourself at the btc chart below, alot of tops/bottoms since 2018 could have been predicted with this Chart.
Chart explained:
- Buy or Sell Signals are generated when USDT.D touches broadening Wedge Resistance or Support.
- Horizontal Lines marks the time a Sell (red) or Buy (green) Signal is generated.
Below you can see the Bitcoin Chart and the time the USDT.D Chart gives a "Signal".
Please take your time to look at the Btc prices after said Signal was generated and you will see that this Correlation was very useful until now.
Where exactly Btc is when the Buy signal is generated soonish will also depend on USDT marketcap changes in the coming Days/Weeks, but should be arround 10-14k.
I personaly believe that Crypto is overrated (aka a Bubble) as its not scaleable, that said i consider 10-14k still expensive longterm speaking.
There is a chance that btc goes into another bullmarket after 10k tho as it is still in the range of previous ATH drawdowns but i think its unlikely.
I would only buy at 10-14k range with money im comfortable loosing completely as this could be the start of the bubble burst with no more bullruns with new ATH´s.
I think its likely we will bounce at 10k range but its yet unclear if its just a correction or new bullrun.
In case the broadening Wedge on USDT.D breaks upwards im recommending stop losses some % below 10k as breaking 10k would confirm to me the bubble burst.
Do your own research and only invest what you can afford to loose.
Crypto is very risky and you can loose everything very fast!
Note
It is unclear if tether is 100% backed, be careful holding it the coming weeks/months.
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