Top Trader Is Long Bitcoin, Ethereum, Short Litecoin, Cardano...And Thinks Shiba Inu's Time Has Passed
Portfolio Pulse from Khyathi Dalal
Trade The Flow, a crypto researcher, suggests long/short pair trading strategies in the current sideways crypto market. He recommends long positions on Bitcoin and Ethereum, and short positions on Litecoin and Cardano. He also suggests longing Pendle and Pepe, while shorting Ondo Finance and Shiba Inu.
June 27, 2024 | 7:04 pm
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POSITIVE IMPACT
Trade The Flow recommends a long position on Bitcoin, citing its market leadership and potential catalysts.
Bitcoin is highlighted as a market leader with potential catalysts, suggesting a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum is recommended for a long position due to its market leadership and potential Ethereum ETF.
Ethereum is seen as a market leader with potential catalysts, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cardano is recommended for a short position due to its lack of network effect and real activity.
Cardano is suggested for a short position due to its lack of network effect and real activity, indicating a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Trade The Flow suggests shorting Litecoin due to its lack of network effect and real activity.
Litecoin is recommended for a short position due to its lack of network effect and real activity, suggesting a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Shiba Inu is recommended for a short position as its time has passed according to Trade The Flow.
Shiba Inu is recommended for a short position as it is considered to have lost its market appeal, suggesting a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100