1.Two billion Tether printed resulted in the parabolic run in January 2019. This resulted in over 250% increase in price of Bitcoin. This was followed by a gradual dump.
2. Bitcoin halving was priced in June 2019.
3. Another round of 500 million Tether printed resulted in another pump.
4.The big crash of more than 50% occurred in March alongside the stock market crash.
5. Another record 2 billion Tether printed in such a short period of time prevented a further crash and resulted in another pump but was much less than 2019's.
6. The expected dump was a couple of days before halving.
Looking forward:
1. Bitcoin has not closed above $10.8K on the monthly since Dec 2017, it's ATH. So I will not be bullish again till it does. But that does not mean I will not continue trading the pumps and dumps of this highly manipulated speculative asset.
2. Bitcoin halving was priced in June 2019.
3. Another round of 500 million Tether printed resulted in another pump.
4.The big crash of more than 50% occurred in March alongside the stock market crash.
5. Another record 2 billion Tether printed in such a short period of time prevented a further crash and resulted in another pump but was much less than 2019's.
6. The expected dump was a couple of days before halving.
Looking forward:
1. Bitcoin has not closed above $10.8K on the monthly since Dec 2017, it's ATH. So I will not be bullish again till it does. But that does not mean I will not continue trading the pumps and dumps of this highly manipulated speculative asset.
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