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Trueusd

$tusd big picture$tusd has always been a good way of charting btc moves as it is a cleaner chart that respects fib and EW. this does mean that tusd i currently on wave 4 and has fallen 0.5 of the last wave down. due to its uprise it does mean that a drop to the 00017-18 area is possible but until btc breaks 4200 we could well of seen it correct here and look to start making a leg up. the questions is does w4 double bottom and we move up or are we still sub B meaning a double top (or double bottom for btc around the 3200 area) happens before we drop. either way we need a HH or HL either side for confirmation. it feels bullish right now but i think a bigger btc drop will happen after a bigger tusd ;-)
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by cooper_5e
Partners in crime USDT/Bitfinex at it again, lets take advantageAccording to a lot of research groups, Bitfinex and tether/USDT have reportedly been “partners in crime” in a lot of malicious activity that has surrounded either the exchange or the stable coin. The ugly relationship seems to be surfacing again and this is something that I usually ignore given I don’t actually hold USDT/tether and have accepted that at some stage tether/USDT could collapse, people could get burnt, but the market would correct. That would mean opportunity for those on the right side of the correction and those who are not heavily invested in this asset. The current USDT/tether panic has caused a great deal of capital flow through the market: USDT/tether was the second highest traded digital asset over the past 24hours ($2.5bil) compared to only $9.4 million from its closest competitor TrueUSD. USDT/tether trade volume ceded only marginally to Bitcoin. Traders now flee USDT/tether as uncertainty mounts .USDT/tether has now lost its pegg, as has TrueUSD and the Gemini Dollar. Looking at the graph above you will see that USDT/tether went as low as 80c to the dollar. Conversion of USDT into other digital assets is likely to cause a short term rise in digital asset prices but given the relatively small market cap of USDT/tether (against the market as a whole) I don’t see this having much impact on immediate asset prices. However, the mid to long term effect could go one of two ways. 1- FUD causes investor panic and sell off of digital assets back to Fiat, we drop below Bitcoins Point of Control POC and fail to hold the current price levels. 2- FUD will cause a small price drop. The rest of the market not yet invested or the whales looking for the perfect opportunity will make their surprise entrance. I have come up with a scenario 3, 4 and 5 but I chose to back situation number 2. I will hold my BTC, ETC, ZEC, NEO, GAS and ZEN and play the long game.
by warrenhochfeld
1
TUSD/USDT: TrueUSD short-lived pump coming to an endBINANCE:TUSDUSDT Chart shows an over-extended rally peaking to a ridiculous $1.24 for TrueUSD against Tether. RSI on the Daily chart is still overbought at 85 with an RSI double top appearing on the 4 and 6-hour. TD Sequential on the 4-hour showing a 9, so expect a 1-4 candle correction, at minimum. Major support between $1.03 and $1.04 will be the key level to watch to determine further. Given this is one of the first stable coin pairings in existence, this is an epic fail to put it lightly.
Short
by dragononcrypto
Tether discount creating artificial premium between USDT & USDTether's current trading value against USD has created a huge spread between USDT and USD traded pairs. A possible reason is tether's long-standing lack of transparency or the perceived safer stable coin competitors. @AureliusBTC on Twitter noticed the gap on multiple spot exchanges using USDT vs. BitMEX long before I did, and linked this article about possible risk that USDT has on the cryptospace: medium.com Here's a CCN article about regulated stablecoins vs. tether: www.ccn.com Trusting financial giants with your money is the antithesis of bitcoin but it looks like a necessity to bring new investors to lose their money to trading bots and FUD. TrueUSD vs. USDT TrueUSD vs. USDT in bitcoin pairing
KRAKEN:USDTUSD
by NeoButane
1
does $tusd hold the key to $btc tops and bottoms?i played with this a couple of month ago when bitcoin was the same price it is today and made a small prediction on twitter. after revisiting it im starting to ask if $tusd can see an impending dump before a top is reached. by taking the first 1 and 2 wave in each move we can see that each tusd wave moves around 1.62 fib. this has been fairly accurate so far and indicators such as macd and rsi back the moves up. on chart: purple is the bottom/top of each wave. red is sell at 1.62 fib green is buy at 1.62 fib looking at today we can see the current sub wave is yet to reach 1.62 which is around the 0.00015sat area (and also the 21ema, 50ma and 100ma - popular bounce zones). with this theory, when 00015 hits it is possible that bitcoin will start a heavier correction aka a dump. on the larger whole if btc does dump then 1.62 of the larger main wave hits a top around 0.00021 sats which is approximately $5k per bitcoin. and for the lovers of numerology 1 btc divided bt 0.00015 sats equals? (tip; its bitcoins favourite number) ;-) failing the up movement and tusd continues to correct from ATH, we could see 1.62 at 0.000081 satoshi meaning bitcoins next higher high could be $12k a key level in some analysts predictions :) lets monitor this one....
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by cooper_5e
2