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Trader Sentiment (12/01/2023)

Tekk by Tekk
December 1, 2023
in Trader Sentiment
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Trader Bullishness Score: 70 (27.3% 24h Δ)


Let’s dive into the ct traders’ market outlook over the past 24h.

@RunnerXBT is playing it safe by taking profit near his outlined Ethereum targets and contemplates the potential bullishness of holding and trading with major cryptos like BTC/ETH instead of trying to ‘protect USD bankroll’. He mocks those looking for shorts and suggests a bullish bias, at least until an ETF decision changes the scene.

@Etherean007 seems to be mocking the overconfidence of traders, particularly those shorting Bitcoin on short time frames and then waking up liquidated. He’s seeing the market positively, hinting at a strong start to the month’s PnL and finding humor in the market’s failures to break certain price levels, implying a bullish undertone in his views.

@deltaxbt emphasizes the importance of staying flat and doing nothing as often the best strategies, subtly critiquing overactive traders.

@SalsaTekila points out the importance and difficulty of staying on the sidelines rather than chasing market movements, and warns against entering positions during overhyped conditions, indicating a more cautious and possibly bearish stance.

@HsakaTrades retweeted sentiments that highlight the erratic nature of Open Interest (OI) and potential risks, hinting at an uncertain or bearish market sentiment.

@CryptoParadyme shares a bullish outlook with talks of ‘bullish withdrawal’ and anticipates positive price action (PA) in the coming month.

@CryptoKaleo sees potential for $ATOM to revisit its highs, indicating a bullish sentiment on specific altcoins.

@Pentosh1 implies that a significant upward move for the market could be impending, indicating a bullish expectation.

@LomahCrypto sarcastically suggests Ethereum’s ‘pump’ will lead to negative consequences, hinting at skepticism or bearishness towards immediate market movements.

@SalsaTekila later suggests that traders shouldn’t chase the current price increase and instead focus on positioning for the next opportunity, suggesting a more balanced outlook that encourages strategic patience.



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Tags: Trader SentimentUpdates
Tekk

Tekk

A humble palm tree that rides waves and writes the best crypto newsletter on the planet | Subscribe https://wavewisdom.beehiiv.com

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