I mostly watch shorts vs long positions which I monitor through https://datamish.com/. It seems like the most current, most accurate representation of market sentiment.
Technical analysis is pretty useless to me when the future of crypto is obviously going to look nothing like the past. There are too many unpredictable events which can vastly swing things one direction or the next. Even the 4 year bitcoin halving cycles will have a diminishing influence as the miner inflows become a progressively smaller % of total exchange volume.
Whale watching is pretty useless to me because you never know if its an over the counter exchange that won't affect the market price, or an internal exchange transfer, or part of a trade between currencies that doesn't reflect money leaving crypto, or even a fake out since it's cheap and safe to move coins compared with opening actual short positions.
How do you read the tea leaves?
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