Greetings everyone! I've been observing markets and I've noticed this Tether FUD has created a great move for big bag holders to get out of BTC. I'm sure we still have a majority of volume O-T-C, but I imagine some big holders could take advantage of this weeks demand to get out of USDT into BTC, etc. I've also marked a couple places on the MACD with flat lines that lead to further drop offs, and it looks like we're approaching another zone. I don't think we'll go to 3k anytime soon, but I wouldn't doubt $5,000 or so within a couple months at most, and could see another decent drop coming within a week or two leading to a progressive sell off. We could also say if a shift was coming upwards the volume would've at least progressed up, but instead it's gone lower after the incident.
Make sure to stay protected in the markets. I'd also like to point out when a herd of sheep is directed into the slaughter house they typically aren't benefiting, so I don't see anything different for this recent Tether incident. Especially when these people fell for a fake image which obviously wasn't officially from Binance.
Make sure to stay protected in the markets. I'd also like to point out when a herd of sheep is directed into the slaughter house they typically aren't benefiting, so I don't see anything different for this recent Tether incident. Especially when these people fell for a fake image which obviously wasn't officially from Binance.
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Well that was easy. Hope everyone is staying safe!
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Will be posting another update soon! Prepare your buying ladies & gents!