This Right Here is a Fresh $300,000,000 USD Ready to be Pumped Straight into Crypto
That's right, your eyes aren't deceiving you.
$300 MILLION USD worth of Tether was just printed. Click he link and take a look for yourself.
Ah, isn't blockchain transparency beautiful!
So guys, do we remember what happened last time the Tether printing press was going bananas? The way the price of Bitcoin behaved?
Hint, Hint: -Points up-
Yeah, we then experienced the Bitfinex/Tether related FUD, but the fact that nothing has come from it, makes it almost laughable in my opinion.
Bitfinex aren't hiding their books because they're skint, they're hiding their books because why would you pay tax and open yourself up to regulatory bullshit on that profit if you don't have to?
Bitfinex have money. Don't you worry about that.
Crypto prices are getting a bit of a kick today, so lets see if we get some carry through from here.
Bitcoin Technical Analysis
So what are the charts telling us?
If you've spoken to me about markets, you'd know I'm a big believer that technical are what moves them and the news just allows price to kick on between major levels of support and resistance.
In this case, we've got price flirting with a break of the short term bearish trend, meaning a resumption of the larger bullish trend could be on the way.
Check out the Bitcoin daily:
BTC/USD Daily
So the trend line goes, just happening to coincide with more Tether being printed and the fresh money flowing into crypto that comes along with it.
Coincidence?
Anyway, check out this trade idea from the intraday chart that I spoke about on the @forexbrokr twitter account the other day:
"I just think there are going to be too many stops above 12k for them to not get absolutely annihilated. Strap in. $BTC"
BTC/USD 4 Hourly
Juicy, right?
Clean out those stops lads!
Best of probabilities to you.
Peace ✌🏻.
Return from This Right Here is a Fresh $300,000,000 USD Ready to be Pumped Straight into Crypto to forexbrokr's Web3 Blog
