Serious Tether printing needed
Updated
I promised myself I would never publish but this is just amazing
the current BTC bounce has now almost reached 100%, we're now sitting at the top of the rising wedge right bellow the 50 DMA with a 4h rsi at 78 ...
by all logic this should retest 7k at least but logic doesn't apply to tether printing ( this is the printing address for those interested >>> etherscan.io/address/c6cde7c39eb2f0f0095f41570af89efc2c1ea828 <<< ) as of today tether has printed 1.8 Billion USDT since Feb. 18 ( BTC dropping 10k )
so far they pushed BTC in the soft, no indicator, zone of the chart, but now they're gona hit proper resistance, IF BTC breaks up from this rising wedge breaking the 50 DMA in the process you can be assured to see 10K maybe by end of April and surely by may
My only true advice at this point is; Do not try to short this market
the current BTC bounce has now almost reached 100%, we're now sitting at the top of the rising wedge right bellow the 50 DMA with a 4h rsi at 78 ...
by all logic this should retest 7k at least but logic doesn't apply to tether printing ( this is the printing address for those interested >>> etherscan.io/address/c6cde7c39eb2f0f0095f41570af89efc2c1ea828 <<< ) as of today tether has printed 1.8 Billion USDT since Feb. 18 ( BTC dropping 10k )
so far they pushed BTC in the soft, no indicator, zone of the chart, but now they're gona hit proper resistance, IF BTC breaks up from this rising wedge breaking the 50 DMA in the process you can be assured to see 10K maybe by end of April and surely by may
My only true advice at this point is; Do not try to short this market
Note
Just for clarification on the RSI 80 is about the highest BTC goes on the 4h ( excluding massive pumps like in Octobers )
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