This is specially for Technical Analyst. If you see the Patterns using Elliot Wave. You can see that market is heading downwards.
You can begin the checking from when USDT was launched into trading. Tether CEO Reeve Collins announced the project was being renamed to "Tether" in November 2014(As per wikepedia)
Now from Nov 2014 you can check the Wave patterns and from the Highest you can check the patterns and alayse using Elliot. You will notice that BTC is headed for 7600 (currently 7690 as I write this ) and next level 3600 and thereafter expected to settle around $175.
Kindly share your readings and thoughts.
