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BTC buying opportunityHello guys. In this video, I am going through the structure of BTC and my forecast for its short term move. I believe this one will be the last buying opportunity before the next leg up. Unless something huge and unexpected happens, such as china default, US debt default or a world war, I see bitcoin hit 165k in the next 3-5 months. I hope you will enjoy the video...if you do, and you learn something new, please do me a favour and FOLLOW ME, SHARE, LIKE AND COMMENT. Remember, nothing discussed in any video or post from my account has to be taken as financial advice. Always remember to do your own research. Educational purpose only.
BITSTAMP:BTCUSDLong
by CFcryptoTA
1
Evergrande and the Cryptocurrency Market Selloff ExplainedIn this post, I'll be providing an explanation on a theory regarding the potential connection between China's giant real estate developer, Evergrande, and Tether. If you aren't familiar with Evergrande and the crisis it's currently going through, make sure to check out my previous post below: Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. Evergrande's Shadow Banking Funds - In my previous analysis, I mentioned the existence of Evergrande's $67B liability from shady sources. - People, including renowned investors like Michael Burry, are posing doubts as to whether this liability has connections with Tether, a company that offers stablecoins in the cryptocurrency market. About Tether - Tether offers $USDT, a stablecoin that is convertable for 1 USD. - Essentially, what it does is not so different from what banks used to do, and continue to do today. - During the gold standard, when you took $500 to the bank, they'd give you an ounce of gold. - Tether guarantees that they'll provide 1 USD per 1 USDT - But, some say that Tether is faced with a bank-run like situation, looking at its reserves. - According to their March 2021 Reserves update, commercial paper accounts for 65% of Tether's cash reserves. - For those of you who don't know, commercial paper, or CP, is a way to finance extremely short term loans at a very cheap rate. - Tether did not disclose whose CPs they were, in order to protect their partner's privacy. Tether's Commercial Paper - Back in July this year, Tether’s CTO and general counsel had an interview with CNBC, and made a few important points. - They said that they have about $30B in AA rated International Commercial Paper, and these were rated AA by S&P and Fitch. - The point that some people are making is that Tether’s commercial paper might actually be Evergrande’s commercial paper. - This may seem like a conspiracy theory, but there are certain points that line up. Reason #1 - First, Tether currently has $30B in commercial papers, and that’s an insane amount of money. - Reuters reported that Shengjing Bank, the bank affiliated with Evergrande, is under investigation for providing illegal loans up to $20B. - Considering that even a more renowned company like JP Morgan can’t write $20B loans, there is plausible reason to doubt that the capital may have come from Tether. - So taking into consideration the size of the loan, some say that it’s highly likely that the capital flowed into Chinese real estate companies. Reason #2 - Secondly, even after Bitcoin peaked in mid April, Tether continued to print more USDT. To be precise, they printed $15B between mid April and early June. - In case you don’t know what bitcoin has to do with this, there have been claims that Tether has been arbitrarily printing USDT. - This USDT would be used to manipulate the price of Bitcoin, and the overall cryptocurrency market in general. - While Tether has been printing money like crazy, and as soon as Evergrande CPs defaulted on June 7, they stopped printing USDT. - Now this is a chicken or egg question where we don’t know if Evergrande’s liquidity problem caused Tether’s collateral to impair, or whether Tether’s cutoff caused the liquidity issues at Evergrande, but something sure smells fishy. How the Market Structure Would Break - Tether claims that they don’t hold any Evergrande commercial papers, but we don’t know anything for sure yet. - If it turns out that Tether was lying, and we see a domino effect take place, it would look something like this: - Evergrande, along with other real estate developers in China, would go default. - Tether, who lent them money in the form of commercial paper, could also go default. - And with tether going default we would see the cryptocurrency market take a huge hit. Where is Bitcoin Headed? - So at this point, you may be wondering: where would Bitcoin be headed with this absolute mayhem of a situation? - While Bitcoin and the overall crypto market crashed, we did manage to close above $40.7k on the daily. - This would indicate that the overall uptrend remains intact, despite the awful news. Conclusion So many answers still remain unanswered. Where does Tether put its billions? Who issues $30B in AA International Commercial paper, willing to pay anything? Why did Tether stop printing money as soon as Evergrande’s liquidity died? As I've said in the previous post, the best thing we can do as investors is to prepare for all probable situations. In my personal opinion, the Chinese government seems willing to indirectly solve the issue by injecting capital via open market operations, so it's more likely that this situation will be settled at one point, as opposed to leading to the entire global financial market collapsing. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
HKEX:3333
by Michael_Wang_Official
17
ETHUSDT_Daily: UPDATE ANALYSISEther is in a critical point! Both two pink movements are possible for it, Be cautious :) If we consider the July to Sep 2021 as a minor wave 1, building the 5th wave of Intermediate degree, it will be two possibilities : 1- The correction wave 2 is finished up to 38% of wave 1 movement. 2- The correction is still going on to 61.8% and we are in wave B of 2 in minor degree. If we go to the first idea Ether is building its third minor wave of 5th wave in intermediate degree, So we can reach the targets easily. Other wise Ether will continue the correction to 3,100 USDT or even 2,600 in the worst scenario. ********************************************************************************************************************************************************* Trading idea: Depending on your investment period, if you are a long term investor and entered Ether previously then keep it, and if the price fall down buy more! otherwise maybe you should weight for the traded volume at least to cross the avg vol or keep an eye on weekly candle close point Enjoy your trade ;)
by NK_Moalla
7
Venus (XVS) vs Tether (USDT) | Trading Tips & More!Ok... The last one is Venus (XVSUSDT). Notice I always draw a green arrow here on the chart. This arrow represents the potential bullish scenario but there is a catch. This is not to say that XVSUSDT will move right away up, but this can happen. This means that above the current price levels the potential remains up but I am never predicting time. Meaning, we can see this same pair consolidate sideways for weeks before moving up. It remains above the EMAs (EMA10/50/100, etc) and then jump. If at any time prices go below support (light blue square on the chart) prices can drop... The catch is that it can go sideways for months before the breakout shows up. Now, the potential is leading towards the bulls (green). This is what I try to show with these charts. Venus is bullish above "support". As long as it remains above these level, at any time, it can break up. I can also work on predicting the time but this is harder, the throw of a dice, too many variables... Nope. We keep it simple. We trade we patience. WE BUY AND WE HOLD. If we go below support we close at a loss. If we break up, we enjoy, collect the profits and rejoice. Always being extremely grateful. Thanks a lot for your support. Namaste.
Long
by AlanSantana
5
Qtum Chart Analysis W/ TargetsEver since the 14-Aug. high, QTUMUSDT has been consolidating... A higher high took place later on 15-Sept. yet the price range still remains within an accumulation zone. Why accumulation and not distribution? We have a bullish market overall. We are on a bullish wave. The strong bearish candle on 7-Sept. which closed above EMA50 and EMA100 results in a bullish signal. A higher high after 14-Aug. gives the bulls additional support. The RSI is above 50... This all means that QTUMUSDT remains strong. Prices can drop here, for sure, but we have more bullish than bearish signals and we are reading a chart afterall. You still need a plan/strategy to trade. This is not financial advice. Thank you for reading. Namaste.
Long
by AlanSantana
1
USDT DOMINANCE SPIKE: RELIEF RALLY SOON FOR ALTS/BTC?USDT Dominance measures USDT market cap against all other coins. While not as potent as BTCD or TOTAL2, it can be a helpful indicator to know what traders are doing, as many of them use USDT over fiat. Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did put in a slightly higher high. Recent volume is decreasing, signaling a reduction in selling pressure. RSI is nearly at Overbought levels (which would be considered oversold for the rest of the market) Just remember - When you think BTC can't go any lower... it always can. Happy trades, CD
CRYPTOCAP:USDT.D
by cryptodonovan
1