Crypto Analyst Dunks
On Shiba Inu,
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano, And
Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin, Reveals Bullish
Cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
Crypto Analyst Dunks On Shiba Inu, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano, And Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin, Reveals Bullish
Cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
by Scott Matherson
3 mins ago
in Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin , Shiba Inu
0
Crypto researcher and analyst Trade The Flow has provided the crypto community
with some trade ideas that he believes could help them be profitable despite
the choppy market conditions. Interestingly, he revealed his bearish sentiment
towards Shiba Inu (SHIB) , Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano (ADA) , and Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin (LTC) while stating
these trade ideas.
Long/Short Pair Trade For Shiba Inu, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano, And Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin
Trade The Flow mentioned in an X (formerly Twitter) post that long/short pair
trade is one thing that works well in these choppy conditions. Based on this,
he outlined several long/short pair trades that one could execute. First, he
mentioned longing Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) and shorting Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin . He claimed that this
trade idea was “pure common sense.”
Related Reading: Attorney Sheds Light On Possible SEC Judgement As Ripple
Enters Final Days Of Legal Battle
He further explained why longing Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin was a good idea, noting that the
“leader of the market” just added an ETF and is being recognized worldwide as
digital gold . On the other hand, Flow The Trade remarked that one short
Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin which is an “old PoW dino coin with no network effect and no catalyst
ahead.” Source: X
The second trade idea the crypto analyst mentioned was to long Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and
short Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano. He stated that this trade idea was similar to the ‘Long BTC/
Short LTC’ trade he first mentioned. He said, “You long an L1 (Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) that
is on the brink of having its own ETF and with a lot of new layers and
protocols building on top.” on the other hand, he added that one short “a dead
L1 (Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano)” which he claimed has “no near-zero real activity .” Source: X
Flow The Trade mentioned longing Pepe (PEPE) and shorting Shiba Inu. He noted
that this is a pair trade between the two big meme coins on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum. He
explained, The idea is to long the most established meme of crypto
culture (PEPE) that continues to catch a lot of market attention.” On the
other hand, he suggested shorting Shiba Inu is a good idea because, in his
opinion, its time has passed . Source: X
Other Long/Short Pair Trade Ideas
Flow The Trade also mentioned other long/pair trade ideas, including longing
Pendle and shorting ONDO. He acknowledged this was a pair trade between two
tokens with the same narratives but noted that they had “big discrepancies in
their protocol metrics.” He claimed that ONDO’s FDV/TVL ratio “makes less
sense” to him, and he expects the FDV/TVL ratio to reverse, especially when
big token unlocks approach.
Source: X Source: X
Longing Lido (LDO) and shorting Ether.fi (ETHFI) is another trade Trade The
Flow mentioned. He noted this is “more of a classic pair trade between two
liquid staking protocols on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum.” He explained that Lido’s TVL is 5x that
of Ether.fi, but the latter’s FDV is 1.3x that of Lido and Ether.fi also has a
low float, with a $160 million token unlock happening soon.
Related Reading: German And US Governments Are Selling Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin While El
Salvador Holds
Source: X Source: X
The crypto analyst claimed that this trade is a bit more risky but noted that
the low float of ETHFI makes it “prone to more explosive price movement.” SHIB
price at $0.0000177 | Source: SHIBUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com