I am currently challenging the previous upper-trend line from the current loquat, and the short entry will be processed as a stop-loss when breaking the trend line.

Nevertheless, we are still maintaining a short-sighted view because we believe that the third rally of the short selling pattern that we posted earlier is being made, and that the 5th wave of the rising wedge pattern is in progress. When the 5th wave of rising wedge goes up, it can rise up to around $ 3980, but if you break above $ 3944, which is an important point, you can see that there is enough additional upside, so you can not catch the short entry.

The brisk rises to 3934 $, 3938 $, 3820 $ / 3760 $, and so on, and is waiting for the last water rush at $ 3940

Since the risk has risen, the previously set up S.L will be modified to $ 3950 and some of the targets will be modified.

TP1 3860 $
TP2 3790 $
TP3 3660 $
TP4 3590 $ 3565 $

Downward Hold Confirmation Additional

TP 3480 $ / 3435 $ / 3370 $

Stop triggered and new Short triggered too. Tight one.
Fifth wave did work out. Wow I'm surprised. A nice accurate wave count.

Bitfinex Chart
The current resistors are located at the 1D / 1W resistance zone and are likely to be adjusted. However, since it has exceeded the main resistance section, it is possible to set up a long entry so that it looks more likely to rise further. <RISK-> $ 3939 to $ 3944 $ 3928 to $ 3935 S.L 3920 $ (-0.36%)
<RISK- Medium> $ 3886 to $ 3903 S.L 3880 $ (-0.35%) The first entry is the main support section, but the risk is high,

Shocking news: CNBC had a profitable bitcoin trade! It's part of the lucky 5% I guess:

https://www.tradingview.com/chart/BTCUSD/bwSjuQIC-CNBC-Bitcoin-Indicator-Gives-An-Insane-95-Accuracy-For-Bitcoin/

XBTUSD current low of $ 3926 Entry completed The reasons why the adjustment is likely to occur yesterday and why the section is set as an entry are shown on the chart

TP1 $ 3980

TP2 $ 4030

TP3 $ 4090

Hold $ 4096 Break

Additional TP $ 4215 / $ 4265 / $ 4325

What a moment. Total market capitalisation breaks the diagonal resistance, I hope we hold this.

Some time ago I expressed my concerns about Tether and their stable coin USDT. They’ve always promised that every single USDT issued will be backed by one USD. As long as that’s the case, there is nothing to worry about. They promised regular audits by a reliable third party, but never delivered. Tether’s website was changes multiple times throughout 2018, but a recent change now says that Tether no longer backs their issued USDT by USD. Instead it gets backed by “our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, ‘reserves’)”.

The part: “loans made by Tether to third parties” worries me. This is essentially what a bank does. But Tether doesn’t have a banking license.

To demonstrate my concern:
- Someone gives Tether 10 million USD
- That someone receives 10 million USDT so he can trade on all exchanges
- Someone else borrows 5 million USD from Tether (the “loan” part from their updated website)
- That person now buys bitcoin with it for example (still no problem up until this point)
- Bitcoin loses 50% of its value in just 2 weeks time (this becomes a problem)

How is Tether supposed to get its money back? They’re basically running a fractional reserve just like a bank, only without the proper licensing.

I’m expecting some government (probably the US because the DoJ is already looking into it) will eventually try to shutdown this shady operation. That won’t end pretty, because at time of writing 83% of all bitcoin trading volume is due to Tether, according to CryptoCompare. The picture below comes from Coinlib.

Waking up to so much green. Ah I'm going back to bed

Couch potatoes it time we push the stops higher or book profits. I would choose the latter and secure the gains by closing long.
Some resistance over head. Watch out bullies.

Never have I ever seen this follow so perfectly.
https://www.tradingview.com/x/k5BKpbYn/

TiM has done well at the charts. Worth sharing this with my fam.
Nice scalp to pick