Tether Train Steaming Ahead and BTC Trend

dpl (56)in #crypto • 5 years ago (edited)

Second largest Tether print in crypto history.

Edit here only - Correction to below minted coins

Yesterday 500 million Tether was minted at the Tether treasury which is the second largest Tether print in its history (in a short period). Whether these coins are used for nefarious activity or not is anyone's guess. It surely does not look like it was injected into BTC as the price barely moved $500.

(Source - here)

BTC Trend

The BTC trend seems to be right on track and we are currently smack bang on it as seen in the below graph.
Untitled- 1.png

It is however not expected for the price of BTC to move along the trend line as this is just an indication of more or less what the price has done in the past. During the previous cycle, price movement was more parabolic in nature and not linear. This can be better explained with the graph as seen below. The graph shows the price movement from peak to bottom back to peak of the previous cycle.
Untitled - 2.png

The start of the current cycle shows that this parabolic nurture of price vs time is more parabolic than the previous cycle. It can be seen in the down trend of this cycle from the ATH (see below graph).
Untitled - 3.png

For more great reads on BTC also see the Bitcoin Letter by Benjamin Cowen.

Consider donating should this post have been of value:
BTC - 18atWSWrN2bDxNWeoc3Q68coQBEk69FvUY
ETH - 0x71844057eec156843af64b2b8021daf3615b0e06
LTC - LPji8igXQ1cqjhZDFZUYgEWvVshGVi4AA1