{"id":380198,"date":"2019-04-30T00:01:05","date_gmt":"2019-04-30T00:01:05","guid":{"rendered":"https:\/\/wncen.com\/?p=380198"},"modified":"2024-06-11T07:39:55","modified_gmt":"2024-06-11T07:39:55","slug":"technical-indicator-tether-trouble-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/","title":{"rendered":"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally"},"content":{"rendered":"

This week, a scandal involving Bitfinex<\/a> and Tether<\/a> parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds has shaken up the cryptocurrency market.<\/p>\n

Bitcoin<\/a> and other cryptocurrencies have rallied in recent months, however, the latest negative news surrounding the leading stablecoin on the market has been enough to cut Bitcoin\u2019s bullish rally short, and a technical indicator now suggests that further downside momentum is in the cards<\/a>.<\/p>\n

Bullish Bitcoin Gets Interrupted By Bitfinex and Tether Drama, Indicator Spits Sell Signal<\/h2>\n

According to Bloomberg<\/a>, the GTI Vera Convergence Divergence indicator used to signal important trend reversals, has called for the first \u201csell\u201d in Bitcoin price charts since halfway through March.<\/p>\n

Back in mid-March, the previous sell signal was short lived, closing only a couple daily candles before the same GTI Vera Convergence Divergence indicator spit out a buy signal. It was days later when Bitcoin rallied nearly $1,000 over the course of an hour<\/a>, breaking through key resistance and reaching its current trading range above $5,000.<\/p>\n

Related Reading | Bitcoin and Crypto Investors Are Torn Over Using Bitfinex After Accusation<\/a><\/strong><\/em><\/p>\n

This latest sell signals comes just as news has broke regarding Bitfinex being accessed by the NY AG\u2019s office<\/a> for potentially hiding a loss of $850 million. The attorney general\u2019s office also says that Bitfinex used Tether reserves to hide the lost funds, shaking up crypto investors in the process.<\/p>\n

https:\/\/twitter.com\/KriegTonderoga\/status\/34537984<\/p>\n

Cryptocurrency investors often sell their Bitcoin and other cryptocurrencies into the stablecoin Tether in order to prevent losses from falling volatile crypto assets. Investors have become worried about the overall integrity of the market, fearing that much of the value of cryptocurrencies is overblown due to Tether artificially inflating numbers.<\/p>\n

The fears sent the price of Bitcoin plummeting on Thursday night, but bears have still been unable to break below $5,000 with conviction.<\/p>\n

The price of Bitcoin is currently trading at around $5,150 and has been locked to a range since the downward spike. However if the GTI Vera Convergence Divergence indicator is to be believed, further downside movement may be imminent<\/a>.<\/p>\n

There\u2019s no need to panic yet, as the previous time the GTI Vera spit out a sell signal, it almost immediately gave a buy signal right after. Indicators giving false or conflicting information is why technical crypto analysts use a variety of indicators on price charts to base their predictions on.<\/p>\n

Related Reading | Crypto Analyst: Higher High In Bitcoin Price Confirms Bear Market Bottom Is In\u00a0<\/a><\/strong><\/em><\/p>\n

Before Bitcoin\u2019s bullish rally was interrupted by the Bitfienx drama, many analysts had believed that the bottom was indeed in<\/a>, a new bull trend had emerged<\/a>, and that the price of Bitcoin would soon reach over $6,000<\/a> \u2013 the price of Bitcoin prior to November 2018\u2019s plunge through the critical support that is now acting as just as strong resistance.<\/p>\n

Feature image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"
This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds has shaken up the cryptocurrency market. Bitcoin and other cryptocurrencies have rallied in recent months, however, the latest negative news surrounding the leading stablecoin on the market has been enough to cut Bitcoin\u2019s bullish rally short, and a technical indicator now suggests that further downside momentum is in the cards. Bullish Bitcoin Gets Interrupted By Bitfinex and Tether Drama, Indicator Spits Sell Signal According to Bloomberg, the GTI Vera Convergence Divergence indicator used to signal important trend reversals, has called for the first \u201csell\u201d in Bitcoin price charts since halfway through March. Back in mid-March, the previous sell signal was short lived, closing only a couple daily candles before the same GTI Vera Convergence Divergence indicator spit out a buy signal. It was days later when Bitcoin rallied nearly $1,000 over the course of an hour, breaking through key resistance and reaching its current trading range above $5,000. Related Reading | Bitcoin and Crypto Investors Are Torn Over Using Bitfinex After Accusation This latest sell signals comes just as news has broke regarding Bitfinex being accessed by the NY AG\u2019s office for potentially hiding a loss of $850 million. The attorney general\u2019s office also says that Bitfinex used Tether reserves to hide the lost funds, shaking up crypto investors in the process. https:\/\/twitter.com\/KriegTonderoga\/status\/34537984 Cryptocurrency investors often sell their Bitcoin and other cryptocurrencies into the stablecoin Tether in order to prevent losses from falling volatile crypto assets. Investors have become worried about the overall integrity of the market, fearing that much of the value of cryptocurrencies is overblown due to Tether artificially inflating numbers. The fears sent the price of Bitcoin plummeting on Thursday night, but bears have still been unable to break below $5,000 with conviction. The price of Bitcoin is currently trading at around $5,150 and has been locked to a range since the downward spike. However if the GTI Vera Convergence Divergence indicator is to be believed, further downside movement may be imminent. There\u2019s no need to panic yet, as the previous time the GTI Vera spit out a sell signal, it almost immediately gave a buy signal right after. Indicators giving false or conflicting information is why technical crypto analysts use a variety of indicators on price charts to base their predictions on. Related Reading | Crypto Analyst: Higher High In Bitcoin Price Confirms Bear Market Bottom Is In\u00a0 Before Bitcoin\u2019s bullish rally was interrupted by the Bitfienx drama, many analysts had believed that the bottom was indeed in, a new bull trend had emerged, and that the price of Bitcoin would soon reach over $6,000 \u2013 the price of Bitcoin prior to November 2018\u2019s plunge through the critical support that is now acting as just as strong resistance. Feature image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":380200,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,925,1039,37300,4100],"class_list":["post-380198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitfinex","tag-bloomberg","tag-gti-vera-convergence-divergence-indicator","tag-tether"],"acf":[],"yoast_head":"\nTechnical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally<\/title>\n<meta name=\"description\" content=\"This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally\" \/>\n<meta property=\"og:description\" content=\"This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-30T00:01:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:39:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158\" \/>\n\t<meta property=\"og:image:width\" content=\"4752\" \/>\n\t<meta property=\"og:image:height\" content=\"3158\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "El Toro" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally\",\"datePublished\":\"2019-04-30T00:01:05+00:00\",\"dateModified\":\"2024-06-11T07:39:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/\"},\"wordCount\":488,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158\",\"keywords\":[\"bitcoin\",\"bitfinex\",\"bloomberg\",\"gti vera convergence divergence indicator\",\"tether\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/\",\"url\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/\",\"name\":\"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158\",\"datePublished\":\"2019-04-30T00:01:05+00:00\",\"dateModified\":\"2024-06-11T07:39:55+00:00\",\"description\":\"This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158\",\"width\":4752,\"height\":3158},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally","description":"This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally","og_description":"This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds","og_url":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-04-30T00:01:05+00:00","article_modified_time":"2024-06-11T07:39:55+00:00","og_image":[{"width":4752,"height":3158,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally","datePublished":"2019-04-30T00:01:05+00:00","dateModified":"2024-06-11T07:39:55+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/"},"wordCount":488,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158","keywords":["bitcoin","bitfinex","bloomberg","gti vera convergence divergence indicator","tether"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/","url":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/","name":"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158","datePublished":"2019-04-30T00:01:05+00:00","dateModified":"2024-06-11T07:39:55+00:00","description":"This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General\u2019s office of misappropriating funds","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158","width":4752,"height":3158},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally","url":"http:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/technical-indicator-tether-trouble-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitfinex","bloomberg","gti vera convergence divergence indicator","tether"],"dateCreated":"2019-04-30T00:01:05Z","datePublished":"2019-04-30T00:01:05Z","dateModified":"2024-06-11T07:39:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/technical-indicator-tether-trouble-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/technical-indicator-tether-trouble-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitfinex\",\"bloomberg\",\"gti vera convergence divergence indicator\",\"tether\"],\"dateCreated\":\"2019-04-30T00:01:05Z\",\"datePublished\":\"2019-04-30T00:01:05Z\",\"dateModified\":\"2024-06-11T07:39:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-tether-bitfinex-shutterstock_651018823.jpg?fit=4752%2C3158","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/380198"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=380198"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/380198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/380200"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=380198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=380198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=380198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}