Who says tether is boring?
I only noticed this because I had TUSDBTC orders filling at about the equivalent of $5900 per BTC, when the BTC/USD price struck down below $7000. It was to my advantage because I was selling TUSD, but this still had me perplexed.
Turns out after bit of head-scratching that TUSDT spiked up to 124% the USDT value, and even now it's...
We are seeing BTC on Binance correcting down from 6800 in the direction of the official 6400 USD price.
But if USDT stabilises could we see the prices in "more official" markets dragged above the line due to cross exchange arbitrage, or is there actually no reason why the markets need to meet in the middle? After all Bitmex has been trading at an offset below...
There is a lot of talk about how crypto is only in it's infancy. But as we know the faster tech moves, the faster cycles come and go.
Could it be that we have already seen the ".com" bust of crypto, and that we are now moving through what Gartner calls the trough of disillusionment. Certainly ICO fatigue has set in as evidenced by the massive fall in ETH prices,...
If you adjust for the volatility of a nascent crypto market, the bull run that came to an end in 2018 actually started in August 2015. Yes there was a big push towards the end of the year that started in November 2017, but that was clearly a result of a continuous progressive trend that lasted for years before.
We have not seen that kind of progressive trend...
A bit of a rally up, before the bots go stop loss hunting at 6100.
But if CCI crosses up past -100 or 100 with a preceding Stochastic crossing upwards around the 15th or 16th, we might see a test of 6500 the day after.
My feeling is that we will still see a bit of bot action after that. There don't seem to be a lot of humans wanting to take this market anywhere.
