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Shitcoin Index Perpetual Futures

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SHITPERP trade ideas

Short #SHITPERP for $5000I am bearish on #SHITPERP for the following reasons I see more red volume above average. This tells me distribution. Super Algorithm Indicator has called bearish today. It has excellent success rate calling bearish on SHITPERP. Below are the past times it did so There is a valid TD sequential sell with targets shown from the TD Ichimoku is strongly bearish. Price is below the tenkan and kijun. Bearish cross is likely. Chiku has very tall candles in front showing that it will be extra difficult to go up. The cloud is very near indicating a very possible case of e2e where price goes to the other end of the cloud.
FTX:SHITPERPShort
by Joy_Bangla
2
SHITPERP a general pullback in AltsI am putting out a lot of bullish charts for what is considered "shitcoins". I am always at the lookout for topping signals and this index of some 50 shitcoins is in a rising wedge, reached resistance and formed bearish divergences on the daily. Price reached the 1.217 extension commensurate with the waves of a starting diagonal. So if this is wave one of alts season just imagine where wave 5 ends. At the end of August 2020 I thought Alts season started and could not be stopped. I didn't pay attention to topping signals. The outcome was a slump in Alt coins until now. The idea is below.
FTX:SHITPERPShort
by nagihatoum
ALTCOINS - A LOSE LOSE SITUATION RIGHT NOWwe are in a moment of low volatility of BTC: it has to increase soon. However, whatever direction BTC will take, alt will suffer. -if it goes below 10k, alts will suffer more. -if it goes above 11k and start a nice rise, everybody will queue on BTC, leaving alts in a corner at first. I will stay away from alts right now. If you don't want to stay in btc and usdt, a good alternative is BNB, the only one beside btc and usdt I would buy now.
FTX:SHITPERPShort
by edutradinguru
Shitcoins could turn bearish soon ?Just a quick chart to show why I'm cautious with shitcoins at the moment. The SHITPERP index is a basket of 50 binance shitcoins. Indices are interesting to trade : they have a more consistent price action, and are more trending than individual shitcoins. Also, they can be leveraged if one wishes to. This index is quite new and lacks history to make solid conclusions . We only have 1 top in february, and the previous top from August can't really be relied on as it is on the edge of the chart. The bottom is more interesting IMO and shows the levels of interest / reversal. The mentioned trade setup is highly speculative for now, and could use some confirmations (MACD turning bearish, high volume appearing, and/or yellow line breaking for instance). Cheers, Harry
FTX:SHITPERPShort
by Harry_Seldon