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Trader Sentiment (07/12/2024)

Tekk by Tekk
July 12, 2024
in Trader Sentiment
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Trader Bullishness Score: 70 (100.0% 24h Δ)


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

@Awawat_Trades offered a slightly bullish sentiment noting a constructive view on the market as long as certain low points hold. They shared data showing BTC and other main assets have rebounded from their lows and suggested these “German lows” could be a strong future reference point.

However, @TraderKoz came in swinging with the bull flag, finding it hard to see any bearish indicators on a couple of charts, especially if a particular support/resistance region holds strong.

Meanwhile, @CryptoParadyme cheekily hinted that the Bitcoin chart looks so bearishly obvious it almost makes it bullish—counter-trading the crowd.

On a strategic note, @CryptoParadyme shared moves in options trading, noting the decay of premiums worked in their favor and outlined plans for new puts—seems methodical and bullish in their play.

But, @crypto_iso shed light on a disproportionate ratio of shorts to longs on BTC and ETH, suggesting there’s heavier expectation on price drops, which might indicate a bearish vibe or an upcoming shakeout.

Finally, @Tradermayne kept it real down by the river on his birthday, not dropping market beats but definitely signaling life outside of charts.

Between bullish rebounds, strategic trading positions, and skeptical reads on market sentiment, ct traders seem divided or cautiously optimistic at best. They always keep one eye open for that rug pull, don’t they?



Give us a follow on twitter. We drop trader sentiment as a thread every single day.

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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