Like the PreCogs in Minority Report, I am reporting a murder.
The murder will take place sometime in 2021 and the victim will be Tether. The murderer will be the US Government. The motive, this weekly chart of ~15B of Tether created out of thin air with no USD backing:
The resolution of Tether’s money printing is going to be a shock to the system.
I have a Fear and Greed indicator that has been very useful in bubble assets. This indicator has called tops and bottoms in BTC, ETH, XMR and TSLA.
Here is BTC, Greed indicator sitting around 28k:
This indicator produced this signal in January when BSV was under $90:
If only there was someone who was sharing buy signals on BSV when it was under 100.
Oh wait, that was ME. https://t.co/Tqx5m3gvJp
— Coinspeak (@coinspeak_io) January 10, 2020
Another variation, sell 25% whenever a colored line is crossed. Buy under the white line with yellow candles. Current signal, sell 25% of BTC:
BTC 3D RSI going back to 2011 pic.twitter.com/tnSey0Ol2T
— Coinspeak (@coinspeak_io) November 19, 2020
BSV has been on the FEAR side of the Fear and Greed equation for the second half of 2020. After hitting a 110:1 ratio it’s come back to 90:1 at current prices of BTC: 19300 and BSV 210. If this ratio comes back to the 200DMA around 60:1 and BTC does push for 28k that would put BSV around it’s ATH of $460.
Here is the Fear and Greed chart for BSVUSD:
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