Bitcoin is in holding pattern as traders try to figure out wtf to do next.

in #bitcoin6 years ago

Wild fucking day for crypto, especially Bitcoin. Can't remember the last time, if ever, Bitcoin outperformed the other major coins. Indicators are all out of whack for now after that big, green dildo candle yesterday. I'm not quite ready to enter any trades here, waiting for the dust to settle and for some other big-pocket traders to make the first move higher or lower. Of honorable mention in the markets right now: There is still a $300 gap between BTC/USD on Coinbase and BTC/USDT on other exchanges. Also, Tether still hasn't gone back to $1.00 where it normally lives, been hovering at .95c for the past few hours. Me thinks traders are getting the hell out of Tether exchanges right now and moving back to platforms that have the all-mighty USD to hedge into... at least until the Federal Reserve fucks that shitcoin up too and traders decide that they want Tether again.

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