I'm seeing a bunch of information suggesting we might be at a short term peak in the crypto market. Take this information with a grain of salt because obviously we are in the midst of a bull market... 1/
Fear/Greed is looking super peaky... 2/
So is short term sentiment... 3/
Did I mention short term sentiment is peaky?... 4/
And not that I'm normally one for interpretive chart analysis, however it would appear as though the absolute level of NVT (Pink line) is at a similar height to some previous short term peaks... 5/
In summary, I will be remaining long, however I'll reduce my BTC leverage as I've been 3x long BTC this whole rally over the last 2 months. I don't think I'll reduce my leveraged ETH longs however, cause things are still looking bullish in fiat and BTC terms if you ask me! 6/
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