Ass - A - TD9
Sure, you can argue $BTC seemed overextended and was hinting at a retrace. That's believable.
However, insinuating that the magnitude of this dump wasn't influenced by the Tether news is asinine. It would be well advised for you to immediately seek a psychiatrists help.
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The magnitude of price movement on news is directly correlated to technicals. Good news in a bear market barely move the price up, bad news however move the price a lot. Reverse is true for bull markets.
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I'm still trying to understand why people would dump into Tether? The safest bet would be to stay in
$BTC - or am I missing something? -
The safest bet would have been to move into another stablecoin or go short for hedging purposes.
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Aka confluence
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it's not even really dumped
End of conversation
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Really It was breaking my oscillators, the weekly Stochastic RSI was going to blow a blood vessel if we didn't pull back soon.
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I disagree, It dumped exactly from where I expected, to exactly the magnitude that was planned - before the tether dump
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