At first glance, late-night quotes look calm, but the long/short account ratio for $JCT is making a lot of noise, huh~.
No newcomers on today’s strength leaderboard, and nobody fell behind.
A day ago, the long/short account ratio was 0.7077.
Now it’s risen to 1.6015.
At the same time, $JCT is down 49.9% from this time yesterday.
$ARIA is up over the same period.
$MERL is down over the same period.
I’m bearish: the skew in account numbers looks more like countertrend support. I don’t buy the claim that the recovery is firmly underway.
But the top-trader position ratio has also risen from yesterday, mm-hmm, so I’m keeping my bearish bias mild.
Bulls call the advantage in account numbers a sign of support; I call it “covering a sinking ferry with five-star reviews.”
Night-shift ticket checkpoint:
If it breaks below 0.00496, the explanation that weak prices outweigh the account numbers gets more convincing.
If it clears 0.0118, I’ll tear up this bearish ticket.
Do you choose “49.9% exposes the account-number support,”
or “49.9% is just turbulence before the recovery”?
#JCT #MarketRecap
Data from Binance public market quotes. Not investment advice.
No newcomers on today’s strength leaderboard, and nobody fell behind.
A day ago, the long/short account ratio was 0.7077.
Now it’s risen to 1.6015.
At the same time, $JCT is down 49.9% from this time yesterday.
$ARIA is up over the same period.
$MERL is down over the same period.
I’m bearish: the skew in account numbers looks more like countertrend support. I don’t buy the claim that the recovery is firmly underway.
But the top-trader position ratio has also risen from yesterday, mm-hmm, so I’m keeping my bearish bias mild.
Bulls call the advantage in account numbers a sign of support; I call it “covering a sinking ferry with five-star reviews.”
Night-shift ticket checkpoint:
If it breaks below 0.00496, the explanation that weak prices outweigh the account numbers gets more convincing.
If it clears 0.0118, I’ll tear up this bearish ticket.
Do you choose “49.9% exposes the account-number support,”
or “49.9% is just turbulence before the recovery”?
#JCT #MarketRecap
Data from Binance public market quotes. Not investment advice.
