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Trader Sentiment (06/21/2024)

Tekk by Tekk
June 21, 2024
in Trader Sentiment
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Trader Bullishness Score: 50 (-9.1% 24h Δ)


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

@CryptoDonAlt warns that if BTC breaks down, the impact on shitcoins could be severe, while an upward break could see decent performance. However, the market seems to expect recovery once BTC rises.

@Trader_Xo notes BTC is “meh” but sees strength in ETH, maintaining positions in both but hoping for ETH and related alts to run if BTC stays quiet during the mid-year.

@Crypto_Chase is cautious, awaiting a significant level breach for a more substantial BTC long position, and keeps part of his ETH long open targeting 3657.

@Bluntz_Capital suggests ETH may be putting in a higher low, indicating a potential bounce.

@CryptoParadyme hints at a daily DCA strategy for Bitcoin while in the current range and suggests maintaining vigilance on the 200 SMA.

@deltaxbt expresses dismay after a futile late-night gaming session but remains comfortable in his spot holdings.

@RunnerXBT advocates for a quick BTC drop to stem the “nonstop bleeding” of altcoins.

@CryptoParadyme finds GME options activity alarming, anticipates AMD’s movement, and discusses the impact of options expiry on is positions.

@TraderKoz emphasizes the need for conviction in trading decisions, fostering confidence in one’s own system.

@Pool2Paulie sees the previous year’s seeds yielding results for those who didn’t “touch grass” but worked hard.

Finally, @CryptoDonAlt anticipates a significant BTC range breakout leading to a new trend, and @crypto_iso watches BTC and ETH’s liquidation and delta levels to gauge market movements.



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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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