1K4esDkAKBDcgEGZ9NBmvQsS1DrmehvqJm (204) ·
Crypto won’t rally much more. Commodities such as oil, gold, wheat, corn, soybeans, copper, etc, have started downtrend. Bonds tanking. Dollar finally rallying will suck value out of crypto because you can’t trade in crypto. Trade is denominated in USD.
Replies
1K4esDkAKBDcgEGZ9NBmvQsS1DrmehvqJm (204) ·
This is why I firmly believe the crypto rally will end. Take your 10x crypto profits and put into BSV (it won’t fall as hard)
1MxVGg8spimKZEc4uj4NgriR39XVk4L54H (3981) ·
USDT is my prime indicator for crypto. And it's still creaking upwards by the billions. USD index is of lesser importance relatively. IMHO.
1K4esDkAKBDcgEGZ9NBmvQsS1DrmehvqJm (204) ·
It’s always moving up. But there have been several bear markets.
1K4esDkAKBDcgEGZ9NBmvQsS1DrmehvqJm (204) ·
Additionally, as USDT gets pumped by the billions, notice how BTC has been in the same price range for 7 weeks. Meanwhile, dollar has moved up for the last 7 weeks. It’s a strong headwind that will break the bulls back.
1MxVGg8spimKZEc4uj4NgriR39XVk4L54H (3981) ·
Oh I agree, there have been bear markets withing USDT market cap expansion. That just softens the blow and pumps it once it bottoms. USDT is a great indicator in a bull market, and helpful in a neutral market, useless if they all try to cash out to real $
1K4esDkAKBDcgEGZ9NBmvQsS1DrmehvqJm (204) ·
Precisely. And when better time to cash out to the real $ then when it’s going up? See my point? Check out usdjpy. It’s soaring. Cryto hodlers are sleeping and going to get rekt.
1K4esDkAKBDcgEGZ9NBmvQsS1DrmehvqJm (204) ·
Crypto hasn’t moved in 7 weeks but usdjpy the de facto dollar long trade is soaring over that time. The smart players dumped their BTC and jumped on usdjpy. I’m very heavy this trade.