Bitcoin and the Tether Fraud ..?!
We are looking at the difference in price between BitFinex ($5400), CoinBase ($5100), and that's because on Bitfinex BTC trades against Tether not the real USD, and as the USDT price falls, the gap gets bigger.
We are looking at almost $240 USD in price difference, and each time we have this, things tend to go sour for Bitcoin ( BTCUSD)
Looking at the current price action , it looks like we are going to melt, because logically having this gap, plus the tether problem, is not a great sign for Bitcoin, but for the moment on the Coinbase ( you can use bitmex, its the same ) chart, we are moving on a channel ( check upside and downside rectangles )
Taking into consideration that we just tapped the lower rectangle, I'm on a short-term bias to the upside, and currently on a Long trade, looking for the price to continue to the upside.
Downside targets, $4900 -$5000 - Would be taken into the consideration, if confirmed.
We are looking at almost $240 USD in price difference, and each time we have this, things tend to go sour for Bitcoin ( BTCUSD)
Looking at the current price action , it looks like we are going to melt, because logically having this gap, plus the tether problem, is not a great sign for Bitcoin, but for the moment on the Coinbase ( you can use bitmex, its the same ) chart, we are moving on a channel ( check upside and downside rectangles )
Taking into consideration that we just tapped the lower rectangle, I'm on a short-term bias to the upside, and currently on a Long trade, looking for the price to continue to the upside.
Downside targets, $4900 -$5000 - Would be taken into the consideration, if confirmed.
הערה
Could be seeing $5000 retested before heading higherהערה
Target 1 met, bears could take control from now on
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.