YGGUSDTYGGUSDT is in strong bullish momentum, after recent big bullish candle the instrument has retraced a bit ( which is necessary for market structure) but seems like is sustaining the momentum as it still respecting inclining trendline.
Tether
ILVUSDTILVUSDT has broke through falling trend line as well as from local range. As the instrument is showing good bullish momentum after double breakout so we can expect that it is ready to go higher .
SCRTUSDT 1D LONG📈Hi all. SCRTUSDT is a global downtrend, locally it works in an uptrend, when the blue trend line is broken/retested, the trend changes to an uptrend. Marked targets and levels on the chart.
SOLUSDTSOLANAUSDT has formed falling wedge and now break through the wedge. a little bit of consolidation was also formed but bullish divergence has play the role to break that consolidation as well.
LTCUSDTLTC is making this falling wedge pattern and currently holding above the lower level of this pattern, I am expecting some good bounce after the breakout of this pattern.
CHZUSDTCHZUSDT is in under strong sell pressure. recently the instrument has broken strong support zone and now testing the broken zone. as it is also getting sell pressure from 100EMA , seems like pair is getting ready for another sell off.
IDUSDTIDUSDT is in fine range of 12%. currently it is trading at the lower side of the range as it is has broke the local falling trendline it seems like it will head to upper side of the range.
OPUSDTOPUSDT seems to be in good bullish momentum and at the verge of breakout. Currently the instrument is facing resistance from but seems like it is ready to break it. if the price successfully close above 1.65, will be good buying option.
ALCXUSDT 1D LONG📈Hi all. ALCXUSDT is at a strong support, forming a triangle with an increased volume of the buyer, I consider a set to the spot now and a long position when the trend line is broken/retested. Marked targets and levels on the chart.
RSRUSDTRSRUSDT struggling to break long term declining trendline. Currently it seems like pair is getting ready for another sell off, bearish divergence is also indicating sell side.
MATICUSDTMATICUSDT is trading in long term bearish market. currently the instrument is retracing the previous bearish move and it seems like the market is ready for another move down.
INJUSDTINJUSDT is playing in harmonics and has completed the bearish bat. Will the bearish bat play its role and make price to downward direction?
CHRUSDTCHRUSDT is trading in bullish parallel channel and now it seems like the pair is facing resistance around 0.1360 region. Will the price retrace back to support zone?
PONDUSDTPONDUSDT is trading in expanding bullish parallel channel. currently the pair is forming a strong support withing channel and also the pair is trading above 50EMA which is also a bullish sign. Will the price give another bullish impulse?
RNDTUSDT RNDTUSDT is trading perfectly level to level. Currently it has created bearish divergence which indicates the completion of downward targets.
ROSEUSDT ROSEUSDT was range bound and recently broke through the range and also break the inclining trendline. Also the pair has bearish divergence which also signaling the downside for pair.
When Tether Gets Vaporized, Bitcoin Will PlummetHere's the simple premise.
No technical analysis. No RSI, No MACD, No SMA's, No Volume Profiles, none of it.
Two banks hold the majority of tether reserves (in USD). They are two banks in the Bahamas that have never allowed a 3rd party audit, they have never produced a balance sheet indicating any type of corporate solvency, they tried to keep their executives unknown, they act in secrecy and cannot be trusted.
Banks are going under left-and-right. Legitimate banks. Real banks with real boards of directors, balance sheets, 3rd party audits, all of it. Does anyone actually believe that these two shady banks in the Bahamas are legitimate banks that can handle a global banking meltdown. Not a chance.
USDT is the 3rd largest crypto by market cap, it inflates the entire crypto-sphere (bitcoin especially) massively. WHEN, not IF, but when the bank that backs tether goes under tether will be vaporized to pennies on the dollar (like FTT and LUNA just did) and the entire crypto-ecosystem will melt-down. The few remaining legit exchanges will go bankrupt, funds will be seized, and it'll be a mad-dash for the exit which will leave crypto writhing in pain for years to come.
Is it possible the banks in the Bahamas don't go under? Yes, it's possible. Is it likely, no, it's not. They likely will not survive this global banking meltdown and they will bring all of crypto down with it...
Bitcoin sub-$5,000 soon, then, sub-$1,000 probably.
The Trojan Horse (Bitcoin) has done it's job. It has laid the groundwork for the mass-adoption of the CBDC's. It was all only a scam to implement the technology that will ultimately enslave us all. Trackable, traceable, controllable, central bank digital currency. Not cool.
USDTAccording to this wedge, it will be broken up and the target is drawn so we have to be ready to take short position for others.
📈 A Year Long Head & Shoulders Pattern & Volume SignalLooking at USDT.D short-term we can see lots of weakness.
Looking at USDT.D long-term we can see a pattern of decreasing volume.
We have a year long Head & Shoulders pattern, a huge pattern, that will lead to a massive crash on this index, money will flow from this and other stablecoins to Bitcoin and the Altcoins as the Cryptocurrency market grows.
This long-term volume dropping pattern tends to precede a massive crash.
If you notice Bitcoin and many Altcoins, their volume lately has been up to All-Time Highs.
Since these are growing, their volume hits new highs and continues to go up (in 2023).
Since Tether Dominance is set to shrink, its volume continues to go lower and lower until there is a breakout and the bearish volume has a strong increase.
Let me show you three examples using some of the biggest exchanges.
Here is Bitcoin's volume long-term on Binance | BTCUSDT (see the increase)
Volume is going up, while USDT.D volume has been going down.
On KuCoin volume has been growing since 2020
Coinbase is the same...
Just some examples, because the dropping volume on the USDT.D chart is pretty obvious.
Namaste.
BTDUSD - Bitcoin On the verge of a pennant breakoutNot writing much on it. Sharing my long scenario for BTC. Very heavy resistance overhead but it looks like a very clear bullish pennant forming from its previous run up. Currently attempting to break out, ultimate goal would be at 35-36k with TP zones at previous local high of 27.8K and 30k~ respectively. Look for volume on breakout of this wedge pattern. There been a bullish divergence developing over the past couple of months as well. I favor a bullish breakout rather than a breakdown.
IF we fail breakout, it'd likely fall within range and test bottom of the wedge before an expected bounce. Market is just boring but not bearish. Remember the trend is your friend. We are currently on an upward trend so we favor bullish scenarios.
For Lazy people:
Bullish Scenario:
Buy: 27k IF we get strong volume or follow-up volume. WAIT For candle close and don't chase it unless you're willing to take on additional risk.
TP1: 28K
TP2: 30K
TP3: 35-36K~
Bearish Scenario:
Short: 26.8-27k (short now if okay with risk, otherwise wait for confirmation of top of wedge as resistance aka Candle close)
TP: Bottom of wedge / 0.5 FIB zone 24-24.5K
USDT Tether 82.45% of the reserves held in U.S. Treasury bonds !SIVB SVB Financial Group suffered the most severe bank run since Lehman Brothers for selling bonds at a $1.8Bil loss just to raise cash!
They had one of the worst possible yields as well: 1.79.
USDT Tether said on Dec 2nd, 2022, that its equity is expanding swiftly, with "82.45% of the reserves held in U.S. Treasury bonds and other cash equivalents."
What yield do you think Tether has?
I think we are about to witness USDT Tether`s collapse.
BTC mining in South America for Tether adds to the longAre you ready to take your mining game to the next level? Look no further than Tether's latest venture in Uruguay. With its stablecoin technology and top-notch infrastructure, Tether is poised to revolutionize the mining industry. Join us as we explore this exciting opportunity and discover how you can reap the rewards of this cutting-edge technology.
Also , Tether's recent $1B USDT mint on Ethereum is for chain swaps! This clarification comes straight from the Tether CTO, so you can rest easy knowing this is a positive development for the crypto community. For more information, check out the official statement from Tether. Happy trading!
Altcoins' Downturn & Bitcoin's Unmatched SupremacyLet's cut to the chase. As an advanced analyst, I see a cataclysmic drop in altcoins on the horizon (obviously). This isn't just a hunch; my trusted charts reveal a looming dive to super low levels. Even stable-coins like tether, which often a safe haven, are part of this story, affecting the Total2 index. Stable coins make up about 120 billion dollars (20% of Total2) as of June 13, 2023.
But don't worry! Bitcoin stands tall amidst this chaos. It's the clear leader, shining in technical prowess and visuals. Altcoins, in comparison, are garbage securities which just don't measure up.
As altcoins lose steam and get sued to zero, I see money moving back into Bitcoin, further solidifying its top spot. In short, brace for an altcoin shake-up, stay prepared, and always trust the charts. Especially mine. Not these SCAM ARTISTS who know ASBOLUTELY NOTHING about financial markets.
See my inverse - Bullish Bitcoin idea linked below...
