Several signals before a meme kicks off
If the leader doesn’t break out, I won’t listen to any of the little-cap stories.
For memes, first check whether the leader has volume, then see if the small caps dare to follow.
DOGE 0.0946 (-2.82%), PEPE 0.00000424 (-3.85%), SHIB 0.00000571 (-4.03%), BONK 0.00000352 (-5.63%)
For reference: BTC 83,878 (24h -1.00%).
Even the leader, DOGE, is only -2.82%; the weakest is WIF at -6.21%. Memes are bleeding. Talking about a sentiment rebound is self-deception.
BTC is still at 83,878 (-1.00%). If BTC doesn’t reclaim 84,549, then on my chart the right side for memes is just noise.
The on/off switch for memes is BTC: if it doesn’t hold above 84,999, I don’t treat any small-cap upside as a sector move.
Data: Binance spot 24h / Binance U-margined / Yahoo daily (5-day change). Missing numbers aren’t filled in.
If you’re waiting to retest a level, will you place an order, or wait for the candle to close?
#meme币 #DOGE #BTC
Data note (same batch as the main text; what’s missing is the dash):
BTC 83,878 -1.00% Binance spot 24h
ETH 2,691 -0.17% ETH/BTC 0.03209
S&P 7,697 -0.87% Yahoo 5-day
Nasdaq 26,890 -0.86% Yahoo 5-day
Dollar 101 +0.04% DXY 5-day
VIX 15.90 +11.89% Yahoo
Fee rate 0.0052% Open interest 7.82B (24h -2.07) Long/Short 1.3552 Binance U-margined
My personal view; the numbers are from the sources stated in the main text. Not a trading instruction.
If the leader doesn’t break out, I won’t listen to any of the little-cap stories.
For memes, first check whether the leader has volume, then see if the small caps dare to follow.
DOGE 0.0946 (-2.82%), PEPE 0.00000424 (-3.85%), SHIB 0.00000571 (-4.03%), BONK 0.00000352 (-5.63%)
For reference: BTC 83,878 (24h -1.00%).
Even the leader, DOGE, is only -2.82%; the weakest is WIF at -6.21%. Memes are bleeding. Talking about a sentiment rebound is self-deception.
BTC is still at 83,878 (-1.00%). If BTC doesn’t reclaim 84,549, then on my chart the right side for memes is just noise.
The on/off switch for memes is BTC: if it doesn’t hold above 84,999, I don’t treat any small-cap upside as a sector move.
Data: Binance spot 24h / Binance U-margined / Yahoo daily (5-day change). Missing numbers aren’t filled in.
If you’re waiting to retest a level, will you place an order, or wait for the candle to close?
#meme币 #DOGE #BTC
Data note (same batch as the main text; what’s missing is the dash):
BTC 83,878 -1.00% Binance spot 24h
ETH 2,691 -0.17% ETH/BTC 0.03209
S&P 7,697 -0.87% Yahoo 5-day
Nasdaq 26,890 -0.86% Yahoo 5-day
Dollar 101 +0.04% DXY 5-day
VIX 15.90 +11.89% Yahoo
Fee rate 0.0052% Open interest 7.82B (24h -2.07) Long/Short 1.3552 Binance U-margined
My personal view; the numbers are from the sources stated in the main text. Not a trading instruction.