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Trader Sentiment (05/23/2024)

Tekk by Tekk
May 23, 2024
in Trader Sentiment
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Trader Bullishness Score: 55 (-26.7% 24h Δ)


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

@CryptoKaleo kicked off with a morning wish exclusive to the bulls, implying an optimistic start.

@deltaxbt shared a cautious message, referencing past Bitcoin ETF post-announcement price actions as a reminder not to jump to quick conclusions on market movements.

@trader1sz posted several updates on $ETH, $SOL, and $KHAI, suggesting active trading without indicating clear market direction.

@Crypto_Chase labeled a bullish breakout on $BONK, considering any pullbacks a buying opportunity, which hints at his bullish stance for the market.

@SalsaTekila advised traders to avoid positioning before a significant event, pointing out the high risk of liquidations due to the all-time high open interest and potential for fake news.

@RunnerXBT speculated on the possibility of an ETH ETF approval, hinting at an upbeat outlook for the day.

@Crypto_Chase provided specific insights on Bitcoin, detailing his personal long position and expectations for the price to hold and aim for a higher target.

@CryptoKaleo’s comments ranged from dismissive remarks on Dogecoin’s future to sharing a personal anecdote about a pizza purchase, leaving the market outlook ambiguous.

@crypto_iso tweeted brief, ominous one-liners like “Pain” and “Shorty incoming,” which could imply a bearish sentiment or simply refer to life events.

@Tradermayne noted an anon whale’s activity on $Near while commenting on the importance of narrative over fundamentals in crypto, which is neither particularly bullish nor bearish but highlights market dynamics.

@Etherean007 projected a price target for Ethereum, suggesting a positive price movement was imminent.

Several traders, including @TraderMagus and @CryptoParadyme, tweeted about the Nvidia stock split, market reactions, and regulatory developments, but did not directly express crypto market sentiment.

@CryptoParadyme echoed positive sentiments towards the crypto industry’s representations in Congress and gave a nod to the absence of SBF, albeit without a direct market perspective.

Overall, the ct traders shared a mix of specific trading calls, general market cautions, and casual life commentary. The outlook ranged from optimism over bullish breakouts and potential ETF approvals to a guarded stance on market reactions to significant announcements.



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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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