Inizia
ll21LAMBOS21

2020 Tether Market Cap Correlation to BTC Price Action

Long
Market Cap USDT, $ (CRYPTOCAP:USDT)  
ll21LAMBOS21  
CRYPTOCAP:USDT   Market Cap USDT, $
Beyond Technical Analysis Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) BTCUSD BTCUSDT tether usdt
21
3
beyondta trendanalysis chartpattern bitcoin btcusd btcusdt tether usdt
Interesting correlation between Tether market cap and BTC price action. So far in 2020, Tether market cap pumps have acted as a precursor to big BTC rallies.

Tether market cap pumped on:
1/6/20: BTC rose 43.06%
4/1/20: BTC rose 56.9%

Average 2020 BTC move following a Tether market cap pump = 49.98%

We just saw another Tether market cap pump on 5/14/2020. If the trend continues and BTC makes the average 2020 move (49.98%), $14k - $15k BTC incoming.

Will be interesting to see if the trend continues.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.