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Trader Sentiment (08/19/2024)

Tekk by Tekk
August 19, 2024
in Trader Sentiment
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Trader Bullishness Score: 30 (-53.8% 24h Δ)


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

@RunnerXBT took a sarcastic jab at the market’s ability to maintain an uptrend, implying skepticism about bullish movements.

@Awawat_Trades expressed bearish sentiment by referencing a search for the PAXG perp on Bybit, suggesting a look for stability outside traditional crypto assets.

@SalsaTekila conveyed mixed signals, mentioning both buying ETH under $2600 as a potentially painful move, and also frustration with the market’s lack of movement, signaling a bearish frustration with current conditions.

@Trader_XO discussed the importance of trading strategy over criticism of other traders, hinting at a focus on process over immediate market direction.

@RunnerXBT highlighted Bitcoin’s drop below $58,000, indicating a bearish market event.

@deltaxbt and @trader1sz shared content unrelated to market sentiment, avoiding direct commentary on bullishness or bearishness.

@CryptoParadyme suggested a potential for another BTC shakeout and expressed a sentiment that, if the high cycle is in, it has been the weakest one, showing a lack of confidence in the market strength.

@Awawat_Trades indicated bullishness on BTC by mentioning key levels and long positions after a weekly close dump.

@Bluntz_Capital discussed the potential for sideways or lower movement in BTC but acknowledged structural strength, presenting a cautious short-term bearish view with an understanding of larger bullish structures.



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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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