we are in a moment of low volatility of BTC: it has to increase soon. However, whatever direction BTC will take, alt will suffer. -if it goes below 10k, alts will suffer more. -if it goes above 11k and start a nice rise, everybody will queue on BTC, leaving alts in a corner at first. I will stay away from alts right now. If you don't want to stay in btc and...
Shitcoins have gone parabolic, one can only guess where the top is or when will it dump. RSI hints there is a lot room to go up. With shitcoing popping and xing many times, they have stolen the spotlight from BTC.
Not much change since last time, same count
Watching SHITPERP (bunch of low cap altcoins, like ICX, ZRX, BEAM, KNC, MANA) closely, It's testing an important support level. It would be good to get daily close above or at 1000, otherwise it will continue to slide down Hit the "LIKE" button and follow to support, thank you, Information is just for educational purposes, never financial advice. Always do...
quite risky to long those levels though
Just a quick chart to show why I'm cautious with shitcoins at the moment. The SHITPERP index is a basket of 50 binance shitcoins. Indices are interesting to trade : they have a more consistent price action, and are more trending than individual shitcoins. Also, they can be leveraged if one wishes to. This index is quite new and lacks history to make solid...
Looks like almost every asset market has stalled a bit, signaling a possible switch to risk off mode. Could be a local top. Closed out most long positions. Hedging remaining. Its been a great run, a retrace here should be expected and natural.
Hello, this chart signal the potential end or pause of the shitcoin index rally (formed by top 80 coins as showed in the chart). Astonishing they are at pre Covid levels. This can mean tow things. Either the altseason has ended (less likely as per related idea), or, squeezed all possible gains out of Shitcoins, the investor attention will be shifted gradually to...
WYCKOFF STORY 1. Supply comes in but it is quickly absorbed. A trading range starts. 2. Shakeout and successful test. Phase C is completed. 3. Supply is still present on the top half of the range, but it’s quickly absorbed. The uptrend starts. At point 4 supply comes in on the overbought line of the uptrend channel, a danger point. However, price holds...
In the stock market, the rotation of capital mirrors the business cycle, as managers favor specific sectors according to the economic conditions. For this reason, when we analyze the stock market we compare the main indexes (S&P, Nasdaq, Dow, Russell). Capitals rotates in the crypto ecosystem too. It’s possible to analyze the crypto market using the same...
I am no expert, just posting my thoughts. Crypto Twitter is alive with crazy moon targets after TFUEL ran 10x over a few days. The last time SHITPERP hit this trendline, drawn as a parallel channel here, a massive correction occurred. Negative divergence on the RSI. Is a correction due?
Shitperp alone is hard to get a grasp on, but it looks topish both against altperp and BTC. It could be a good choice of short
SHITPERP to ALTPERP ratio is constantly rising since February but but recently it has begun to gain acceleration. If shortly, it means that lowcap altcoins continue to gain strength, maybe it's time to take a closer look to alts (and start to buy some) Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes,...
Interestingly named perpetual future contract incubated by the bitmex related Alemeda research, tracks 50 low cap altcoins (aka shitcoins). In a descending channel near channel resistance with bearish divergences and falling volume. Down it goes, don't mind the gas.