Let me start with a moment today that left me stunned. The $1.5B liquidation from leveraged positions was trending, with 58K views—way more action than the market itself.
Picking up from yesterday’s position: honestly, my system gave a bearish signal on this ETH trade last night, but the 4-hour chart just kept grinding around $2,245. It bounced back from a low of $2,174 and wouldn’t drop any further. I didn’t dare add to my short—I chickened out. It’s only down 0.3% in 24 hours, with volume just over a billion. This kind of low-volume sideways action is the most frustrating; going long or short feels like getting slapped either way.
I took a quick look at SOL and DOGE too. They’re even less volatile than ETH, and retail traders are all waiting for a direction. My system’s signal early this morning was still to wait, so I stayed out—after getting burned by this kind of market so many times, I’ve learned not to force a trade.
$1.5 billion in leveraged positions got liquidated, which shows there are plenty of people chasing highs. Right now, I’d rather stay flat than jump into the fray.
Are you making a small buy on the dip after the liquidations, or staying completely out until the 4-hour chart picks a direction? #₿ BTC $XAUT $BTC
Picking up from yesterday’s position: honestly, my system gave a bearish signal on this ETH trade last night, but the 4-hour chart just kept grinding around $2,245. It bounced back from a low of $2,174 and wouldn’t drop any further. I didn’t dare add to my short—I chickened out. It’s only down 0.3% in 24 hours, with volume just over a billion. This kind of low-volume sideways action is the most frustrating; going long or short feels like getting slapped either way.
I took a quick look at SOL and DOGE too. They’re even less volatile than ETH, and retail traders are all waiting for a direction. My system’s signal early this morning was still to wait, so I stayed out—after getting burned by this kind of market so many times, I’ve learned not to force a trade.
$1.5 billion in leveraged positions got liquidated, which shows there are plenty of people chasing highs. Right now, I’d rather stay flat than jump into the fray.
Are you making a small buy on the dip after the liquidations, or staying completely out until the 4-hour chart picks a direction? #₿ BTC $XAUT $BTC
