Shitperp was dumping before the last BTC dump and there is even an inverse correlation between traditional indices and BTC/crypto when indices are UP, BTC is down or ranges
and vice-versa
Shitperp/Midperp seem to be leading indicator of what the crypto market is about to do
Though this is not totally useful info because sometimes, we'll trade based on those correlations and get rekt anyway, but the signals and hard exit are never wrong from a performance perspective analyzed over a few days/weeks/months, so I just trade the damn signals.
I don't want for instance
1) see a dump on Shitperp
2) and not take a buy signal on BTC because I may think the correlation is always true
I would take the long anyway but maybe with reduced position sizing?
And reduced even more if red leading trend, or S/R MTF near