We went up so much because a small jump from USDT to BTC started a wave of stop losses on shorts.
https://www.tradingview.com/symbols/BTCUSDSHORTS/
Look what happened on shorts today. It's a bloodbath. There's always more than one reason for the rally. USDT started it, short stops got triggered, now there will probably be a healthy continuation because we've broken through the trendline.
Topic: [2018-10-15] Bitcoin Price Explodes to $7,500 as Tether Loses USD Peg - page 2. (Read 337 times)
October 15, 2018, 12:10:43 PM
October 15, 2018, 08:48:23 AM
Bitcoin price surged 9 percent within hours as Tether started losing its grip on the USD-peg.
The BTC/USD pair closed yesterday on a modest 2 percent gain in pennant formation action following the recent drop. Nevertheless, the couple started picking momentum during the early Asian trading session and jumped to as high as 7800-fiat from its previous low near 6300-fiat.
Full article on Cryptocoinnews
The BTC/USD pair closed yesterday on a modest 2 percent gain in pennant formation action following the recent drop. Nevertheless, the couple started picking momentum during the early Asian trading session and jumped to as high as 7800-fiat from its previous low near 6300-fiat.
Full article on Cryptocoinnews
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