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Trader Sentiment (08/21/2024)

Tekk by Tekk
August 21, 2024
in Trader Sentiment
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Trader Bullishness Score: 45 (-42.3% 24h Δ)


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

@Trader_XO pinpointed $62k/63k as key resistance for Bitcoin and has exited long positions, eyeing 55s or above 62s for potential trades.

@Etherean007 sarcastically warned about the risks of early investments and ridiculed market irrationality following a minor BTC pump.

@SalsaTekila expressed enjoyment in exploiting the market’s simplicity for short-term gains and hinted at a generational bottom buy opportunity.

@CryptoParadyme pessimistically tweeted about the notion of going deeper than 20k in the market, hinting at a bearish outlook. Later on, also mentioned setting a low bid on the yearly open, possibly indicating a bearish sentiment.

@RunnerXBT noted substantial outflows from Grayscale’s ETHE, potentially indicating a larger trend affecting market liquidity.

@Crypto_Chase acknowledged avoiding a poor long position and emphasized the importance of reclaiming the $60k level for Bitcoin bulls.

@deltaxbt mocked the obsession with negative funding and offered a reality check on actual PnL (Profit and Loss).

@TraderKoz suggested a bearish short-term movement with a subsequent recovery for BTC.

@crypto_iso pointed out liquidity spots at $59.4-5k and $60k for Bitcoin, indicating potential pivots for market movements.

In summary, there seems to be a mix of cautious trading, bearish sentiment, and mockery towards over-hyped market reactions among ct traders.



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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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