Twetch ·
The big difference is we had a super low short contract (12,000). We now have 94,000 so there is a LOT of fuel to throw on the fire. This is a fractal of the very beginning of 2020. All this talk of fib count, retrace to 100's or less is over use of TA
Twetch ·
Look at volume & candle patterns & stop over analyzing thinking you can buy in low. You are going to get left behind. When/if the shorts give in it will be epic. Shorts are at an all time high and the chart looks like the first week of January. Do the math
Twetch ·
Tether also have to produce records to NYC court: https://cryptobriefing.com/tether-bitfinex-must-stand-trial-over-850-million-lost-customer-funds/
So they may pump it before exit. Who knows!