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Tether

Will the crypto market recover? ❇️Hello guys, Some of you have texted me asking if this market will stay this way? What happened to LUNA? What happened to Tether and Terra? Well, I will keep this short. You do not need to worry! People always do this. They always panic and sell RANDOMLY, without reading and investigating the situation. There will be no time until all intelligent investors realize that it is a significant opportunity for buying. And as soon as the buy volumes start to increase and the fundamental news starts to spread about what a great chance it is to buy crypto, people worldwide will begin to follow and buy more and more out of FOMO, which is not a bad thing. Of course, we have to be careful. There have been regulations and apparent reasons behind this big crash. And indeed, there will be more regulations. So If you are waiting for this buying opportunity, do not jump ahead. Wait for some signals, read the news, analyze the market and make sure before jumping on the recovery train. Until then, have these items in mind in heavy dumps: 1. Do not do leverage trading 2. Do not buy coins in FOMO 3. Do not stick to the screen all-day 4. Do not do revenge trading 5. Do not average out every dip 6. Do not go all in one coin Let me know your ideas. Good luck. Source and Reference: www.forbes.com
Education
by ShawnMCR
2
BTC TO $6900? The Gaps Say YesLet me start off by saying I am not short. I am not a BTC hater. I do not wish for this market to fail. But I must be a realist who must do a stoic analysis to become the most profitable investor I can be. If you haven't looked yet, please take a look at my linked idea "The bear is back with a vengeance". I am long term bull for BTC and because I believe BTC reaches way into the 6 figures I cannot ignore these unresolved gaps. 99% of gaps fill and these CME gaps have been long overdo. The gap levels are marked by pink lines. BTC price exploded from the lows and double topped with bearish divergence on the 3D RSI (see linked idea). We are not looking very bullish right now and given the LUNA mess I do not imagine a bunch of new money flooding into crypto right now. I think Citadel or Blackrock or whoever "the powers that be" are have it out for the stable coin market and I think a black swan event might be coming that causes this drop. Maybe Tether is the next UST? Maybe it is not and the price simply has a massive pullback due to the macros. These gaps can fill with BTC keeping its macro upwards trajectory. I think all the marked gaps get filled with a panic like dump similar to the March Covid crash and we bounce off the green downwards trend line and finally stabilizing on the green upward trendline. Also, contrary to what people say, BTC see's LARGER drawdowns after each bull run (read linked post) and that brings us to the high $6000. This is not what I want to see but it is a reality and dare I say inevitable. If BTC is really a long term asset class that is here to stay, these gaps need to be filled now. Would love to hear what you think. Please follow for more.
CME:BTC1!Short
by ceesounds
Bearish forecast for ETHIf we were to retrace 85% from the top like last time, COINBASE:ETHUSD would see lows around the 700 dollar mark at the peak of the bear season. It sounds unthinkable now, but the point here is to be prepared. IF it goes down to 700 USD, will you be buying/selling? A potential event that could trigger such a dire correction would be a failure of COINBASE:USDTUSD , similar to what happened to FTX:LUNAUSD . If I'm to tell you the truth, I'd like it very much if it happened since Tether is like a disease infecting the crypto industry. Keen to hear your opinion as well. Stay safe, folks. Adri
COINBASE:ETHUSDShort
by DescryptoAdri
1
Tether Dominance Analysis5/14/2022🟡 USDT DOMINANCE 🕒 Daily TF ➖➖➖➖➖➖➖ USDT dominance is forming a bearish ALT AB=CD pattern, whose potential reversal zones are 1.272 and 1.618 fib extension retracement levels, from where we can see a reversal. So, a reversal can be expected from the marked two levels, which would confirm a bullish sign for the crypto market, after the reversal because USDT dominance and the crypto market work opposite each other. ✍This Analysis will be updated. 📆5/14/2022
CRYPTOCAP:USDT.D
by Trader_Needs
Bitcoin | The Prevented Crypto Crash | BTC and USDTHey guys, I hope you are doing fine and I really hope that you didn't lose (much) in the LUNA / UST drama. This is going to be a little bit different than my usual ideas on TradingView. What we witnessed the last couple of days was what I consider a minor Crypto crash that could have developed into something even worse. On the one hand we could argue that this was an overdue cleansing of the Crypto market forced by the breakdown of an algorithmic stablecoin, that just wasn't "well-developed", but on the other hand we prepared us, that this drop could occur once we lost the falling wedge and the price couldn't stabilise around our January / February lows. This was just very basic TA. Of course the LUNA / UST crash accelerated the whole thing. But in the end Bitcoin had to go down because there wasn't any support. I told you that losing $28.8K would be a very hairy situation and indeed it was! It didn't hold up. You can see on the 1HTF that BTC got some short-lived support around the January '21 low at about $27.678 but after that $30K was too big of a resistance and brought BTC all the way down to yet another low at 25.338. That monster candle of support at 9 am yesterday was beyond important. You all have no idea how important that actually was. Now to fully understand what did and what could have happened, we'll need to take a look at the USDT/USD chart. Now do me a favour and compare these two charts next to each other: Once BTC lost $28.8K as support at around 10pm on Wednesday, we saw that Tether (USDT) started to lose its peg to the US Dollar (first white arrows in the charts). This undermines what significance that $28.8K level actually had. Actually, the process started earlier, but given the fact that 1 USDT is not always 1 USD, but rather ~0.99 USD, we will not discuss the smaller alterations before 10pm. After that Tether was able to almost regain its peg. However, once BTC lost the $27.678 level, causing "real" panic, Tether was put in a position that could have ended in a "real" crypto crash beyond what we can imagine imo. Take a look at the second white arrows in the chart at around 6 am yesterday. The sell off that started with losing that key level (Jan '21 low) and the panic that set in caused Tether to completely lose its peg ending with 1 USD being worth ~ 0.94 USDT, that's almost a 6% drop. Now I'm not someone who concentrates on the what-ifs, but in this case it's different. You all probably know that Tether is not an algorithmic stablecoin (as UST was), but instead a stablecoin that claims to be backed by FIAT currency, because for each Tether USDT there is (or better to say there should be) 1 US Dollar in Tether's reserve, thus making it stable. Unfortunately or fortunately (that is depending on your own point of view), Tether is not solely backed by the US Dollar, but the company behind Tether used these US Dollars to buy "other" assets. They claim to be transparent about what they actually hold and have put a website online, which informs about their holdings here: tether.to So, what is the issue here? According to their website, Tether's reserve consists of: - 6.38% Other Investments (Including Digital Tokens) - 5.27% Secured Loans (None To Affiliated Entities) - 4.61% Corporate Bonds, Funds & Precious Metals - 83.74% Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper That makes Tether vulnerable to the market's movements because essentially, their company is a market participant, that has a big exposure in major asset classes. And not only is Tether vulnerable when it comes to BTC's movements, but also vulnerable to the big US indices and their movements such as the NASDAQ, S&P500. Now given the fact that we lost crucial levels on BTC, people panic selling and withdrawing their USDT to USD and with the major US futures being red during that time frame, this could have developed into a death spiral IF the sell pressure would have continued. At some point Tether would have had to sell their assets at a loss to provide enough liquidity for each Tether withdrawal. Meanwhile Tether's CTO essentially tweeted that everything was ok and that there would be enough liquidity for all withdrawals. But put yourself into his shoes. Would you tweet anything else? You probably wouldn't. Does that mean that this is the truth? Well... The points I'm getting at are: a. We should be very very thankful to whoever bought at the lows around $25.3K and therefore ending what could have lead to a big (maybe even the biggest) Crypto crash. b. We should also be thankful to everyone who bought Tether at its lows and therefore possibly preventing a tragedy. Now comes the most important part: c. Tether is and has always been a risky asset and it continues to be. Now a huge chunk of my portfolio consists of USDT. But I would advice you to diversify your portfolio to reduce your overall exposure. Get some USD, get some BUSD. d. Only invest what you can afford to lose. Full disclosure: I don't want to spread FUD or panic. I just want you to understand the "hidden" risks. Namaste
COINBASE:BTCUSD
by PagaLui
BTC megaphone Elliot impulseHere we are ladies and gents the pattern we have been waiting for and for me personally what i think will be the decoupling of traditional risk assets and this good chunk of software. I've been watching for anything that can come out of the wood works and i think we have found our area of capitulation. BTC hit the 50 EMA monthly and bounced right off that like a rubber band. similar to what happened in 2020 and 2018. Elliot impulse waves also seem to be at play. i was looking for a decline to around the 23k to 25k area and it hit. theres a lot of things right now that is playing an effect on this though what i think could be the worst thing for the economy is higher asset prices and looks like we are going to get that both traditionally and non. exciting times to be around. That's all folks.
COINBASE:BTCUSDLong
by moonman777
(Un)stablecoinsBe aware, there's a reoccurring theme in stablecoins lately, and doesn't seem to be getting better yet. Many crypto/assets are down more about 50% in a few weeks! Now would be a good time to partially close some shorts issued against stablecoins, or if you sold lots of crypto and hold stablecoins which are still lucky enough to be stable: USDT, BUSD, and a few small others. There seems to be a theme like falling dominoes of failing pegs, for various reasons, including a combination of cyclical pressure, delays in peg liquidity, activist traders, and others. In all the panic and crazyness, a decent short-term long entry is not out of the question if you are into swing trading. I don't want to know will happen if USDT breaks more than a few percent away from the peg, though. Does that mean the dollars are useless and suddenly assets become a good hedge again? Or does everything become worthless? There's risk everywhere and it's often worth waiting. We DO NOT know if it's about to get much worse or not. It's hard to ultimately judge upward/downward risk with such volatility. We could be at the beginning of capitulation or near the middle, but I don't think we are near the end yet. We shouldn't assume it will simply go up if we decide to buy it simply because it's cheap. I'm seeing risky long-term longs until at least June or July. Historically it's not safe to buy a falling knife like this unless you like serious risk, and I wouldn't automatically assume the general market is oversold enough to recover yet, even though it looks oversold. Hopefully this raises some macro awareness if you didn't know about this crazy situation! Let me know what you think, and I hope you weren't holding too many UST. Good luck and don't forget to hedge your bets.
U
by fringe_chartist
1
USDT.Dominance (Y22.P1.E3).Bear market rangeHi All, I have been watching this for some time as a signal. I always thought if it breaks the upper level, that is confirmation of a bear market. Question is now, how much of a bear market. A measured move based on this structure can be to this box range. Either a cup and handle target or a triangle target, either way, they have not reached their targets yet. Looking at the RSI, this does look like a major drop and capitulation on the way. All the best, S.SAri The first micro or local target has been reached. ===========================================
CRYPTOCAP:USDT.DLong
by ssari
just as predicted what we thought about #usdtdalright guys we reached the exact point in #usdtd and the thing that I know about this chart and I'm warning you about is this, if #usdtd would be detecting the exact point that I've been marked on the chart on about 5.11% then these green candles would be the last chance to cash your portfolio, i repeat if there would be detection on 5.11% ( by the detection I mean "reaction" ) so if you are a scalper you know what to do and I guess you already have your long positions have been filled down there, but if you have anything in loss, try to decide what exactly you wanna do, keeping your portfolio and whatever it in clouds for weeks, months and maybe years? and please notice that this is just an idea and try to make your decision by yourself, because this is the market and whatever can happen on a chart, will happen. the main idea about these words is "these green candles will not last long" #stay #safe
CRYPTOCAP:USDT.D
by rfmarandi
The Last Stand for Bitcoin📆🟡 BTC/USDT (BITCOIN) 📊 Time Frame: 4H ➖➖➖➖➖➖➖➖➖➖➖➖ Bitcoin is trying to hold the last local support at 3000$ and I think finally it will be break. Bitcoin needs to hold above 34000$ then we can see a movement to 39000$ (IN ORDER TO GATHERING LIQUIDITY).Lots of longs liquidated below 33000$ and many Stop Loss already hit. Now there are many sorters in the market and liquidity is around 35000$ and also CME gap is at 35000$. So I expect price to pump around 35K$ in next few days. Not even single good news affect on bitcoin price positively because of global tension in the market.
COINBASE:BTCUSDShort
by Trader_Needs
all right let's take a look at #usdtdjust as I tolled you #usdtd is very #bullish lately and as I said in a previous analysis about #usdtd that you can easily find on my #tradingview #profile, I already said that it can choose the #red arrow to rise and make the market in #blood, so for the last time to describe what exactly #usdtd doing, I guess there will be a #pulback just as #red #arrow showing us, and if there would be a # reaction like #red #arrow shows, then we are going to have low priced #bearsish market for #weeks and #mounths or maybe #years! so try to manage the risk of your positions that you have, course for those who followed the previous analysis about the market on my profile lately you are probably out of any positions right now, and if you have any positions, you have the exact #short position that I mentioned previously! #stay #safe
CRYPTOCAP:USDT.D
by rfmarandi
4