Bitcoin (BTC) and Tether (USDT) have a really strong relationship. As we have seen in the past, Tether (USDT) prints with strong pumps at the Bitcoin (BTC) price. However, the relationship extends beyond, giving us important signals about when the BTC may be pumped or dumped before it occurs. If we look at the Tether Market (USDT) market for the weekly time frame, we can see that it started to fall around October 8, 2018. Interestingly, the price of the Betcoin (BTC) fell a month later on November 12, 2018. So , How did this happen? Well, the way it works is to print Tether (USDT) to pump money into Bitcoin (BTC) and other coded currencies.
When retail investors start buying, printing and pumping slow down until Bitcoin (BTC) finds a local peak. Then whales or market makers move from Tether (USDT) to Bitcoin (BTC). This is exactly what happened between October 08, 2018 and November 12, 2018. During this time, the market value of Tether (USDT) fell with the flow of funds from it to Bitcoin (BTC). When the conversion is made, they move from Bitcoin (BTC) to fiat (USD) and the market fails.
When the price drops locally, they start printing Tether (USDT) again and then used to pump Bitcoin (BTC) and other encrypted currencies again. Now, October 8, 2018 showed us what was going to happen next before it happened. We can discover the same thing again and that is why it would be good to get out of the encoded currencies soon when the market value of Tether (USDT) begins to fall again.
There are two important things to note here. The market price in Tether (USDT) can easily rise to more than $ 3.5 billion in the near future. At the same time, BTC / USD could also rise to $ 10,000, but it started at dawn on most investors that this is not the height it designed in 2015 as they expected. In fact, even some analysts who believe that Betcuen (BTC) is likely to decline at the end of the year may be somewhat optimistic. We need to look at this beyond the encrypted currency charts and understand what is already going on in the world and what it might mean for the BTC currency and other coded currencies.
We have seen over the past few months that the United States is dealing with problems. The current administration is constantly looking for ways to make trouble, and as we have seen recently, it has succeeded so far. We now have conflicts with China and Iran may escalate into something bigger. Japan has expressed its intention to continue to buy Iranian oil, and Prime Minister Shinzo Abe visited Iran a few days ago. Interestingly, there was an attack on two tankers in the Gulf of Oman, and the United States again blamed Iran. It does not take much to see where all this is happening. We are not less motivated at the moment to see the stock market crash and when that happens, it will not be a good day for Bitcoen (BTC).
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