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Trader Sentiment (11/28/2023)

Tekk by Tekk
November 28, 2023
in Trader Sentiment
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Trader Bullishness Score: 45 (-10.0% 24h Δ)


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

@DonAlt predicts a potential bounce for certain alts like SOL and BONK but considers the current Bitcoin range choppy and critical for direction, suggesting a bearish tilt if BTC drops sub $35k.

The sentiment from @Tradermayne is mixed; he remains short on Bitcoin from monthly resistance with a target of $34k or below, showing patience and no rush to exit positions. He also expresses frustration with applying liquidity theory to alt trading, admitting it has not been effective lately.

@CredibleCrypto maintains a bearish view, having taken a loss on AVAX positions and waiting for signs to re-enter. Conversely, @Pentoshi seems cautiously optimistic, buying $LOOKS due to bullish expectations for the NFT marketplace and underscored the importance of sticking to winning strategies in trading.

@LomahCrypto shares enthusiasm for both his job in the ct space and his involvement with OhBabyGames, unswayed by day-to-day price movements and focusing on larger developments.

@SalsaTekila advises taking it easy during December and January, a period he considers to have low probability for successful trades.

@DeltaXBT touches on the anticipation for market moves around the dYdX token unlock, while also humorously commenting on cryptocurrency ecosystem elements.

@CryptoISO provides insight on COIN, suggesting a rational profit-taking phase, yet seems to be in it for the long run with separate portfolios for trading and holding.

Many traders, such as @HsakaTrades, are indicating current market moves with caution, blending humor with their observations but not providing a clear directional take.

Overall, the feeling from ct traders mixes cautious optimism with bearish hedging, reflecting a market at a potential turning point amidst various external factors affecting sentiment.



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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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