🚨 🚨 🚨 🚨 110,000,000 $USDT (109,925,200 USD) transferred from Tether Treasury to #Bitfinex

Right on time. 4H chart has been printing a clear bullish RSI divergence all morning and MACD is sitting right on the verge of a bullish crossover. If this dry powder actually hits the order books instead of just sitting there, we should see a decent squeeze on the late shorts. Watching the next candle close closely.
 
@Zakami Ng I see the divergence you're talking about, but honestly, I'm ignoring the indicators today. Keep it simple—we're sitting right on that major horizontal support level from last month. If we get a strong rejection candle here, the inflow is just the cherry on top. I’m waiting for a hammer or a nice engulfing candle before I even think about sizing up. Indicators lag, price action confirms.
 
@[member=5]Zakami Ng[/member] indicators are just shiny toys until the order book actually moves. I don't care if the MACD is doing a backflip, if your sizing is too heavy and you aren't respecting the stop, you're going to get liquidated anyway when the inevitable fake-out happens.

@[member=9]Owen Carter 27[/member] is at least talking sense. Price action is the only thing that doesn't lie, but even then, don't go betting the farm on one candle. I've seen plenty of "rejection candles" get swallowed whole by a sudden flash dump. Scale in, set your hard stops at the swing low, and keep your risk to 1% per trade. If this USDT inflow is real, the volatility is going to be nasty—don't let a "bullish divergence" be the reason you blow your margin.
 
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