~40% more tether was just "printed" - bitcoin pump soon?
this is HUUUUUGE (in Trump voice)... USDT market cap just shot up nearly 40%.
USDT is tether - one of the first crypto stable coins that is supposedly pegged to the USDollar but no one has clearly audited it so many believe, myself included, that it is used to print tether and pump bitcoin to manipulate the price. The founders (who also founded one of the largest exchanges have been investigated in the past).
I expect within a few days tops we see a monster move up. maybe sooner. There are several people aware of this now so the tether accumulators may move faster this time. I don't know if they will first want to orchestrate a dump, but the rising wedge and ascending wedges that are forming I could see a play towards 10.5k next before small pullback to fill in the wedge more and then a clean break to 14k very possible if we can break 10.5k.
Maybe that's what this $2.4 billion USD worth of freshly minted tether is signalling what it will take to break 10.5k? I'll be adding on the breakout with tight stop just underneath.
en.wikipedia.org/wiki/Tether_(cryptocurrency)
THIS IS NOT FINANCIAL ADVICE. DO YOU OWN RESEARCH. I'M ONLY PROVIDING MY COMMENTARY FOR EDUCATIONAL AND ENTERTAINMENT PURPOSES.
USDT is tether - one of the first crypto stable coins that is supposedly pegged to the USDollar but no one has clearly audited it so many believe, myself included, that it is used to print tether and pump bitcoin to manipulate the price. The founders (who also founded one of the largest exchanges have been investigated in the past).
I expect within a few days tops we see a monster move up. maybe sooner. There are several people aware of this now so the tether accumulators may move faster this time. I don't know if they will first want to orchestrate a dump, but the rising wedge and ascending wedges that are forming I could see a play towards 10.5k next before small pullback to fill in the wedge more and then a clean break to 14k very possible if we can break 10.5k.
Maybe that's what this $2.4 billion USD worth of freshly minted tether is signalling what it will take to break 10.5k? I'll be adding on the breakout with tight stop just underneath.
en.wikipedia.org/wiki/Tether_(cryptocurrency)
THIS IS NOT FINANCIAL ADVICE. DO YOU OWN RESEARCH. I'M ONLY PROVIDING MY COMMENTARY FOR EDUCATIONAL AND ENTERTAINMENT PURPOSES.
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