If you're looking to fade digital gold, this usually isn't the best spot. Not many liquidations today = no real fuel. Best trades come when one side is offsides take their money, don't let them take yours.
Mixed vibes = no clear signal right now. Perps aren't overheated, spot's lifting, asks are stacked but can be pulled, and no liqs yet. My game plan is on the chart below of course depends on other stuff above and how it will develop👇
Most supply stacked from 98k → 100k. Logical that's the magic zone. Question is: will these asks get pulled or eaten if price moves higher, or will they hold and block the path?
Roadmap for your crypto carrier: If I sell: generational wealth If I hodl: trapped for 7 years If I buy: delisted next week $crypto $altcoins $hodl $trading $retard $WANGMI
If you hate yourself enough to open an #altcoin basket (I know, spiritual damage), you'll notice the usual crime scene most alts deceased. A few are pretending to be alive, and one of them is $BCH. Added a respectable chunk of OI, price not collapsing (rare), spot CVD leading.
I've heard there's this coin called digital silver $LTC that randomly added 30% open interest while price barely moved. It's sitting in a clean range and lagging behind digital gold $BTC. We simply follow the crowded trade and try not to get fucked.
If we're going to pretend the $RIVER cartel plays this exactly like before, Thursday usually brings controlled selling and weakness see on @velo_xyz. That said, shorting this is always tricky. FDV \~$2.6B, and we know these coins can easily overshoot, even double that.