Shitperp Still aiming for Valhalla after gorgeous SR flipNot much change since last time, same count
SHITPERP
SHITPERP - Testing supportWatching SHITPERP (bunch of low cap altcoins, like ICX, ZRX, BEAM, KNC, MANA) closely, It's testing an important support level.
It would be good to get daily close above or at 1000, otherwise it will continue to slide down
Hit the "LIKE" button and follow to support, thank you,
Information is just for educational purposes, never financial advice. Always do your own research.
SH*TPERP - Risk offLooks like almost every asset market has stalled a bit, signaling a possible switch to risk off mode. Could be a local top. Closed out most long positions. Hedging remaining. Its been a great run, a retrace here should be expected and natural.
Taking a look at shitperpShitperp alone is hard to get a grasp on, but it looks topish both against altperp and BTC. It could be a good choice of short
SHITPERP, Low cap altcoin perpetual futures, down the toiletInterestingly named perpetual future contract incubated by the bitmex related Alemeda research, tracks 50 low cap altcoins (aka shitcoins).
In a descending channel near channel resistance with bearish divergences and falling volume. Down it goes, don't mind the gas.
shitperpbouncing off 200MA, golden pocket and oscillators bullish. Atleast expect to touch top of the BB band before deciding further action, unless Covid kills us all.
SHITPERP to $975 and aboveIt's alt season and now is a good time to buy altcoins while they randomly pop off. If you don't know what to buy, an index of the lot is ideal.
Here is the list of coins that comprise the index for $SHITPERP, $BULLSHITUSD, and $SHIT0327:
help.ftx.com
Note that shitcoin in this context doesn't mean poor FA, merely low market cap coins. I like some of the coins as they performed amazingly last time. ICX, XVG, BCD, NANO, XZC are to include a few. Some have yet to pop off.
Price just hit the midpoint of the daily range and the time is past 1200UTC, which has been a bullish trend for a while now.
As an addition if you're bearish, this would be a great long hedge if you're short bitcoin. Check the NVT Signal level right now:
If this proves to be be a bearish level like 2017, it would mean alt season actually has just started and there is more to be made in altcoins vs. bitcoin.
