📍 First Let Me Explain You What Is The Eliot Theory: Eliot Theory Say’s That Each Trend Including 5 Waves,Three Of Them Are Impulsive (1,3,5) And Two Of Them Are Corrective (2,4) ️ Now Let’s Explain It On Bitcoin Chart: 1️⃣ First Wave Started From March And Finished At December $ To $ (Impulsive Wave) 2️⃣ Second Wave Started From. Interesting correlation between Tether market cap and BTC price action. So far in , Tether market cap pumps have acted as a precursor to big BTC rallies. BTC has formed a nice breakout on the 4hr chart. The resistance that's held BTC in it's current trading channel for so long has now been broken. Look for this level to form as support for BTC. This should give BTC a nice healthy boost towards the ever so important psychological level of 30K. Look towards the yellow circled area in the coming days.
Tradingview btc tetherTETHER CAN BE DEEMED A SECURITY BTC COULD DUMP 90% for BITMEX:XBTUSD by GerardWalker — TradingView
The basis is the parity with USD and the ascending trendline is formed by the wick of the news directed sell off. The previous sell off were rapidly reabsorbed leading again to the parity. Tether is super volatile all the sudden! This isn't a retail pump if you look at exchange inflow. This definitely isn't a spot pump, if you look at volumes. It's all derivative. Institutions are stealing your Tether USDT. The million tether issued indicate the top. Why Tether has to be issued? Because the whales who dominate the market are about to exit and redeem cash.
When I am writing this article, the Tether news just came out. Will the market has a massive pump after the news as it did in last October? Notification: This is just an educated guess Videos only. BTC Price is Inflating! BTC Make It. Deep Compare. Part B. From Fall to Now. Look for the video soon! Comments written on my chart reflect my thoughts So far, since I first published this chart just before the 'great rise' price is following a pattern I expected.
I just never know WHEN There was alot of volume in that region we probably bounce from there. Updated version of XV. Scale is unlocked. I'll use this to monitor the extension of current correction. Interested to see how price will behave when it gets around red 4. Scheme is valid till price crosses above black line of upper channel. The market gave the exact bullish setups in the weekly and in the daily charts. They stay If it falls at Videos only.
Bitcoin including BTC, short-term strategy - January 5. Bitcoin Multi TimeFrame Analysis. Inverse head and shoulders. Bitcoin including BTC, short-term strategy - January 6.