Shiba

Flow

Cardano

Litecoin

Shiba Inu

<p><a href="https://www.newsbtc.com/analysis/xrp/xrp-is-in-trouble-heres-why/" rel="nofollow noopener" target="_blank">Crypto researcher and analyst</a> 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 <a href="https://bitcoinist.com/shiba-inu-enters-buy-zone/">Shiba Inu (SHIB)</a>, <a href="https://bitcoinist.com/cardano-fends-off-ddos-attack/">Cardano (ADA)</a>, and <a href="https://bitcoinist.com/litecoin-whale-20-million-ltc-binance-bullish-sign/">Litecoin (LTC)</a> while stating these trade ideas.&nbsp;</p> 
<h2 id="long-short-pair-trade-for-shiba-inu-cardano-and-litecoin">Long/Short Pair Trade For Shiba Inu, Cardano, And Litecoin</h2> 
<p>Trade The Flow mentioned in an X (formerly Twitter) <a href="https://x.com/tradetheflow_/status/1806282976927584305" rel="nofollow" target="_blank">post</a> 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 <a href="https://bitcoinist.com/german-us-governments-bitcoin/">Bitcoin (BTC)</a> and shorting <a href="https://bitcoinist.com/litecoin-doubles-beat-bitcoin-ethereum-used-crypto/">Litecoin</a>. He claimed that this trade idea was “pure common sense.”</p> 
<p>He further explained why longing Bitcoin was a good idea, noting that the “leader of the market” just added an ETF and is being recognized worldwide as <a href="https://bitcoinist.com/bitcoins-maturity-as-digital-gold-could-easily-triple-its-market-cap/">digital gold</a>. On the other hand, Flow The Trade remarked that one short Litecoin which is an “old PoW <a href="https://bitcoinist.com/dogecoin-shiba-inu-floki-dino-coins/">dino coin</a> with no network effect and no catalyst ahead.”</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-307748" src="https://bitcoinist.com/wp-content/uploads/2024/06/Litecoin.png?w=512&amp;resize=512%2C270" alt="Litecoin" width="512" height="270" data-recalc-dims="1"> 
<p>The second trade idea the crypto analyst mentioned was to long Ethereum and short 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) that is on the brink of <a href="https://bitcoinist.com/ethereum-spot-etfs-trading/#:~:text=Bloomberg%20analyst%20James%20Seyffart%20has,approval%20would%20come%20this%20week.">having its own ETF</a> and with a lot of new layers and protocols building on top.”&nbsp; on the other hand, he added that one short “a dead L1 (Cardano)” which he claimed has “no <a href="https://bitcoinist.com/cardano-sell-all-their-ada/">near-zero real activity</a>.”</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-307749" src="https://bitcoinist.com/wp-content/uploads/2024/06/Cardano.png?w=512&amp;resize=512%2C270" alt="Cardano" width="512" height="270" data-recalc-dims="1"> 
<p>&nbsp;</p> 
<p>Flow The Trade mentioned longing Pepe (PEPE) and shorting Shiba Inu. He noted that this is a pair trade between the <a href="https://bitcoinist.com/shiba-inu-pepe-whales-binance/">two big meme coins</a> on 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, <a href="https://bitcoinist.com/dogecoin-shiba-inu-floki-dino-coins/">its time has passed</a>.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-307750" src="https://bitcoinist.com/wp-content/uploads/2024/06/Shiba-Inu-3.png?w=512&amp;resize=512%2C296" alt="Shiba Inu" width="512" height="296" data-recalc-dims="1"> 
<h2 id="other-long-short-pair-trade-ideas">Other Long/Short Pair Trade Ideas</h2> 
<p>Flow The Trade also mentioned other long/pair trade ideas, including <a href="https://www.newsbtc.com/news/follow-the-whales-arthur-hayes-buys-pendle-token-soars-25/" rel="nofollow noopener" target="_blank">longing Pendle</a> 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 <a href="https://www.newsbtc.com/news/ondo-finance-joins-blackrock-tokenized-fund-as-inflows-surpass-160m/" rel="nofollow noopener" target="_blank">ONDO’s FDV/TVL</a> ratio “makes less sense” to him, and he expects the FDV/TVL ratio to reverse, especially when big token unlocks approach.&nbsp;</p> 
<img loading="lazy" decoding="async" class="wp-image-307751 size-medium" src="https://bitcoinist.com/wp-content/uploads/2024/06/PENDLE.png?w=512&amp;resize=512%2C260" alt="PENDLE" width="512" height="260" data-recalc-dims="1"> 
<img loading="lazy" decoding="async" class="size-medium wp-image-307752" src="https://bitcoinist.com/wp-content/uploads/2024/06/ONDO-Finance.png?w=512&amp;resize=512%2C296" alt="ONDO Finance" width="512" height="296" data-recalc-dims="1"> 
<p>Longing <a href="https://bitcoinist.com/ethereum-defi-uniswap-maker-lido-undervalued/">Lido (LDO)</a> and shorting <a href="https://www.newsbtc.com/news/ether-fi-210m-airdrop-sparks-market-turbulence-ethfi-value-drops-by-35/" rel="nofollow noopener" target="_blank">Ether.fi (ETHFI)</a> is another trade Trade The Flow mentioned. He noted this is “more of a classic pair trade between two liquid staking protocols on 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.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-307753" src="https://bitcoinist.com/wp-content/uploads/2024/06/Lido.png?w=512&amp;resize=512%2C269" alt="Lido" width="512" height="269" data-recalc-dims="1"> 
<img loading="lazy" decoding="async" class="size-medium wp-image-307754" src="https://bitcoinist.com/wp-content/uploads/2024/06/EtherFi.png?w=512&amp;resize=512%2C307" alt="EtherFi" width="512" height="307" data-recalc-dims="1"> 
<p>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.”&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/c7DRd960/" alt="SHIB price chart from Tradingview.com (Shiba Inu, Cardano, Litecoin, Crypto analyst)" width="3286" height="1576">

Crypto Analyst Dunks On Shiba Inu, Cardano, And Litecoin, Reveals Bullish Cryptocurrencies

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Bitcoinist

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