I think the coins that refuse to move are more useful than…
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I think the coins that refuse to move are more useful than the ones pumping
I’ve started keeping a small list of coins that should be moving but just aren’t.
Not dead coins. Stuff with decent liquidity that normally reacts when BTC moves or when its sector starts running.
If BTC has a strong day and one of them barely responds, I mark it. Same thing if everything sells off and one coin just sits there.
I actually noticed this first while comparing a few names on Moon. The ones doing almost nothing ended up being more interesting than the obvious movers.
What’s been interesting is the weak reactions have actually been more useful to me than the big candles. A coin ignoring a good market has saved me from a few longs, and one that refuses to dump while everything around it is getting smoked usually gets my attention pretty fast.
I used to only look for confirmation through movement.
Now I’m starting to think the lack of a reaction is sometimes the cleaner signal.
#cryptocurrency
source
I’ve started keeping a small list of coins that should be moving but just aren’t.
Not dead coins. Stuff with decent liquidity that normally reacts when BTC moves or when its sector starts running.
If BTC has a strong day and one of them barely responds, I mark it. Same thing if everything sells off and one coin just sits there.
I actually noticed this first while comparing a few names on Moon. The ones doing almost nothing ended up being more interesting than the obvious movers.
What’s been interesting is the weak reactions have actually been more useful to me than the big candles. A coin ignoring a good market has saved me from a few longs, and one that refuses to dump while everything around it is getting smoked usually gets my attention pretty fast.
I used to only look for confirmation through movement.
Now I’m starting to think the lack of a reaction is sometimes the cleaner signal.
#cryptocurrency
source
| 1,000 mlx | |
| 2 | |
| 0 |