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Trader Sentiment (08/23/2024)

Tekk by Tekk
August 23, 2024
in Trader Sentiment
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Trader Bullishness Score: 65 (-25.3% 24h Δ)


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

@Crypto_Chase suggested trying to take profit on a Bitcoin position at around 63K and is looking out for a potential short setup, indicating a cautious stance on the immediate bullish momentum.

@Bluntz_Capital indicated possible bullishness for Bitcoin, speculating that a 4h close above 62k could signify a breakout into a wave 3 pattern, suggesting optimism for upward movement.

@SalsaTekila hinted at a bull trend starting later in October closer to the US elections and advised on staying out during low-liquidity weekends, indicating a longer-term bullish outlook but short-term caution.

@CryptoParadyme retweeted several sentiments with varying perspectives, including a cautious viewpoint on market volatility, as well as highlighting altcoin bounces, suggesting a mixed take on the market.

@Awawat_Trades seemed to imply the summer lull has ended and projected possible upward market trends from now on, hinting at bullish expectations short-term.

In general, these CT traders display a mix of short-term caution with some optimism for a bullish Q4, alongside awareness and readiness for the market’s volatility. Fuckers seem to be hedging their bets while keeping an eye out for potential breakouts and long opportunities, but nobody’s putting their balls on the line with firm predictions just yet.



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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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