TUSDUSDT pair as a BTC top bottom indicatorI noticed a correlation of tops and bottom in TUSDUSDT pair with that of BTC. I use a regression channel to detrend TUSDUSDT and invert the price to match tops with BTC tops and Bottoms with BTC bottoms.
Currently it gives a bottom signal which means a long entry.
TUSDUSDT trade ideas
Unable to hold peg = BullishTUSD is struggling to hold its 1:1 peg due to no demand, meaning the money is in the market right now which is very bullish IMO. Once there is a premium to buy back TUSD meaning you pay more than $1 its a sign of market weakness as everyone is looking for a safe haven.
Lots of people have bear market PTSD, Iv never been more bullish TA wise and FA
20% profit with low riskWe have a typical saucer reversal pattern . So I wait for TUSD pump or we can call it another USDT dump . I look at it only from technical analysis side . We have already had 2 pumps before and repeating wont be strange . Also such saucer pattern was before but it is larger so pump can be larger . I think it is easy profit because I am not risking anything but can make 20% profit.
You shouldnt follow it , these are only my thoughts.))
one final big dump for btcIn combination with btc graph, we can see that USDT (Tether) is losing traction at a steady upwards rate. Actually its not steady at all its all over the place, however its consistently making higher lows. looking for a big spike in combo with an increase in the BTCUSD volatility in the downward direction
TUSD/USDT: TrueUSD short-lived pump coming to an endBINANCE:TUSDUSDT
Chart shows an over-extended rally peaking to a ridiculous $1.24 for TrueUSD against Tether.
RSI on the Daily chart is still overbought at 85 with an RSI double top appearing on the 4 and 6-hour.
TD Sequential on the 4-hour showing a 9, so expect a 1-4 candle correction, at minimum.
Major support between $1.03 and $1.04 will be the key level to watch to determine further.
Given this is one of the first stable coin pairings in existence, this is an epic fail to put it lightly.
Tether bent out of shapeWho says tether is boring?
I only noticed this because I had TUSDBTC orders filling at about the equivalent of $5900 per BTC, when the BTC/USD price struck down below $7000. It was to my advantage because I was selling TUSD, but this still had me perplexed.
Turns out after bit of head-scratching that TUSDT spiked up to 124% the USDT value, and even now it's sitting at above 110% of the dollar value.
It might be useful to keep this in mind because you could win or lose on standing orders when tether reality bends on massive spikes and dumps
You will want to be in TRueUSD Instead of Tether BUTYou will want to be in trueusd instead of tether before OCT 2 and wait until the tether fud crashes tether. You will want to convert trueusd to tether during peak fud because it will later come out that tether is legit. a milli a milli
ethereumworldnews.com
support.bitfinex.com
Bitmain and Circle partnered in attempt to gain market share in the stable coin market. BUT THEY ARE PRINTING IMAGINARY TETHER FAIRIES. hahahaha yeah thats why chad whale used the tether to buy mad btc to make you think "moon" when he was just filling his shorts at 7300. This was ramp 1. Ramp 2 is the acutal capitulation that will Occur October 1/2