Degen tips, tools and tricks that will give you the Edge...
At some point in the future, altseason will occur. Utilizing on-chain analysis, as well as fundamental and technical analysis, can aid in decision-making and predicting market trends. This is important even for a degen. Just because you have a bigger appetite for risk doesn't mean you must FOMO in...
Are you ready?
Here goes.... The first tip is to make use of the little known Tether ratio channel.
Degen Tip #1
The Tether Ratio Channel is a smoothed relative strength index (RSI) that tracks the USDT supply ratio by comparing USDT's Market Cap with the overall Crypto Market Cap. This smoothed RSI is designed to respond slowly to sudden shifts but is more effective in revealing extended trends.
You read it just like you would read a standard RSI. High values indicate overbought while Low values indicate oversold. (Indicate being the key word)
What can you see? Share your thoughts in the comment section below.
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