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The Cryptoverse - Crypto Prices Dip Because Of Tether

Crypto Prices Dip Because Of Tether

So let’s revisit this descending triangle we’ve been talking about.

The bottom line is that it’s still in play and I can only see room for a maximum of 7 more candles that could possibly fit inside the pattern.

So one way or another I’ll have to redraw this within a week.

Now this pullback to 10,000 could have been because of pure technical levels as this consolidation continues, however, we know there has been some news that most likely spooked the market, so let’s go onto that.
So let’s revisit this descending triangle we’ve been talking about.

The bottom line is that it’s still in play and I can only see room for a maximum of 7 more candles that could possibly fit inside the pattern.

So one way or another I’ll have to redraw this within a week.

Now this pullback to 10,000 could have been because of pure technical levels as this consolidation continues, however, we know there has been some news that most likely spooked the market, so let’s go onto that.
What I am in the process of doing is arranging an interview with
Rune Christensen, the creator of MakerDAO which has this price stable cryptocurrency called ‘Dai’ D.A.I. which maintains its value by being backed by Ether, rather than currency deposits at a centralized company.

Don’t ask me how it works, that’s why I’m having Rune on the show because this could offer the same benefits of Tether but in a decentralized way.

If you are looking forward to hearing Rune talk to us about the Dai then hit the like button and let me know.

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