Congratulations to everyone who reviewed, BIGTIME was a great short opportunity.

I'm going to explain a few metrics that will show you how a cryptocurrency can “fake” a rise and then fall sharply. By looking at these metrics, you can identify these altcoins and open a short position.

As an example, the altcoin we will examine is called $BIGTIME.

1. Volume decreases while the price rises: As you can see in the example below, BIGTIME rose sharply between October 12-18, 2024 to reach 0.172. Here it achieved an average volume of 1.42 billion. Then, after a period of ups and downs, the price rose sharply again in the past day and reached 0.179. However, as you may have noticed, the volume never reached the level of October 12 and remained at an average of 800 million, almost half the amount! This means that there is no more high volume inflows that could push the price higher.

2. Failure of the RSI to rise sufficiently when the price is rising: Again, between October 12-18, the price rose quite sharply and the RSI peaked at 86.97! However, in yesterday's uptrend, the RSI could only stay at 79.97 even though the price surpassed the level between October 12-18. This means that buyers at this level are now closing their positions and not allowing the price to move higher.

3. Funding Rate: I assume you know what Funding Rate means. If the Funding Rate is very high and positive, then Longs will have to pay a lot of money to maintain their position. Currently, BIGTIME's Funding Rate is around 0.0300%, the same as ETH at $4000. So the Funding Rate being too high means that the price is actually inflated by Futures, not spot.

4. OI is too high: OI, or Open Interest, refers to the total amount of positions in a coin. You can use various apps to find this OI. I want to tell you that BIGTIME's OI is currently at ATH! This means that there is an incredible amount of open positions and most of them are Long positions! Nevertheless, the lack of sufficient volume and the RSI remaining low means that this OI will crash hard soon. Because there are not enough external resources to get into this coin.