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Trader Sentiment (06/24/2024)

Tekk by Tekk
June 24, 2024
in Trader Sentiment
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Trader Bullishness Score: 45 (0.0% 24h Δ)


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

@Crypto_Chase isn’t too bullish on $WIF until it reclaims a specific price or sweeps a low, and his focus remains primarily on BTC, ETH, and SOL, not so much on “bluechip” memes.

@Trader_XO marked a pivotal level for $ETH, suggesting it’s a make-or-break for maintaining an ETH long position, meanwhile also taking a risk on alts for a mean reversion trade.

@RunnerXBT highlighted the juxtaposition of the Mt. Gox BTC distribution with the ETH ETF launch, suggesting it could be a significant moment in history, and he’s eyeing the cryptocurrency inflows over the coming period.

@CryptoDonAlt criticized the angry mob on Twitter but proposed his and Cred’s YouTube channel for more civilized discussion, later noting significant weakness in BTC despite a rally that shook out shorts, and recommended caution before expecting a rescue from the weekly support.

@deltaxbt shared the anxiety-inducing nature of PnL swings today and expressed disbelief at the low inventory at OTC desks, implying a tight supply of BTC.

@Awawat_Trades took to sharing aggressive trades and requires followers to join in prayer for successful outcomes, while signaling that volume will reveal the true market move.

@CryptoParadyme declared the bottom is in while simultaneously mocking the ever-changing nature of market lows, and emphasized patience reminiscent of the post-halving 2020 market.

@Tradermayne questioned any remaining bulls, sharing the struggle but implying that conviction in the market positions is key.

@Bluntz_Capital retweeted his own outlook on $WIF remaining consistent, suggesting patience as the market develops.

Finally, @Pentosh1 gave a heads up for a forecast on the market after remaining relatively inactive, hinting at the potential for insightful analysis soon.

In short, there’s a mix of caution and selective optimism among ct traders with a keen eye on pivotal price levels and incoming market volatility.



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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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