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Tether

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.
COINBASE:BTCUSDShort
by GunMoney
3
📈 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.
CRYPTOCAP:USDT.DShort
by AlanSantana
4
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
Long
by TaoXBT
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.
COINBASE:USDTUSDShort
by TopgOptions