YES -- I just made the following post covering this -- but from a slightly different angle. By watching the volume and the price of Tethers... it's a good way to know what the market is likely to do next. ;) Nice to meet you... I've started following your stuff.

https://steemit.com/steemit/@somena/are-we-watching-a-dead-cat-bouncing-observations-from-a-legacy-finance-trader-on-crypto-when-to-get-back-in