I have to start with thanking my followers. Everyone who like, comment and share my posts. I have received A TON of messages thanking me for insights and sharing what profit everyone reading my ideas make. This is really flattering, thank you! 🙏
ETH is at ATH and where usually ATH is just a short spike, the last few days ATH is quite stable. What is going on with the market? There are more theories than I have space to write here, but really - nobody knows... It was great to see some volatility yesterday, however, $100-150 daily volatility at 1000 price point is amazing (10-15%), $80-100 volatility at a price point nearly 1700 - not so much (<6%). My personal opinion - its BOTS. It is likely that they are programmed to squeeze anything outside $100 volatility gap which normalizes the market and eats up your profit. If anyone understands how trading bots are programmed and have a good solution to work around this problem - drop me a private message 📧
Today's technicals: Position is short, forecasted highs are at 1690 and unlikely at 1720. The lows are at 1560 and 1530 with mid-way point moving to 1510-1520 range.
Have fun trading!
Comment
⋅
The price has spiked and I hope that no one has opened shorts as it did not break the stop line.
@havock123, it is difficult to say, it seems like the market is consolidating upwards and breaking regular trends. Regularly after a steep rise such as all-time-high, cryptos tend to take a sharp dive down. At the moment relatively low volatility is making day traders uncomfortable.
dtleonel
⋅
As a day traders I am getting worried because I do not know when it will go down. But now it seems stable.