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DoomPosting
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Degens Deteriorating
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This time, Just 2 days in, and if like August then just 2 more days to hit the bottom. Will it? Well, watch the live charts for a while, and there’s something you quickly notice about the $SOL price movements — All big moves in one direction, are virtually…
Watch this little green surge upward now reverse into another downturn tomorrow

Wouldn’t be surprised

Look close and you can see it’s happened every single time so far, one direction, then big flip in opposite direction, every time

Beware the fakeouts

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Bitcoin looking ready af for another dump

SOL already partitially priced-in another dump, as you can see i the SOL/BTC ratio, which can be seen as a market sentiment indicator,

Quick rough thoughts, that will try to further backtest in a bit,

BTC up & SOL/BTC up — short-term strong bullish

BTC flat & SOL/BTC up — short-term medium bullish

BTC up & SOL/BTC flat — short-term uncertain

BTC down & SOL/BTC flat — short-term uncertain

BTC down & SOL/BTC up — short-term bullish

BTC flat & SOL/BTC down — short-term bearish

BTC down & SOL/BTC down — short-term super-bearish (we are here?, though SOL/BTC has tried to raise back up, but not quite..)

Note that this is market SENTIMENT, not a final decision signal, and markets can sometimes be badly wrong, so shouldn’t be used as a final decision signal without consideration of other signals that could sometimes negate or flip the conclusion,

Still, amazing the percentage win-rate of this signal over many timescales,

…Sure feels like that pattern of the market being right or wrong, e.g. detect major regime shifts… gonna backtest a few ideas here rq

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