This wave of market movement has indeed been quite fierce. Many traders have experienced liquidation, stop-loss exits, and even mental breakdowns.
I had warned earlier to be cautious with short positions; this week's main tone remains bullish. The move in the early hours was interesting—Bitcoin quickly surged nearly 200 points, which was a bit suspicious, but that’s the manipulator’s tactic—when it needs to be thorough, it must be thorough.
Ethereum didn’t provide an ideal entry point yesterday, which is quite unfortunate. However, I didn’t chase blindly; knowing when to stay put is crucial.
The upcoming market could go in two directions: either a pullback to trap the shorts before continuing upward; or a reverse trap to lure longs and then quickly dump. In this situation, my choice is to stay on the sidelines. After all, in the game between retail traders and big players, sometimes it’s wiser to observe than to participate. The daily sharing is about genuine and actionable trading ideas.
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staking_gramps
· 19h ago
This move is really fierce, and it's another round of liquidation and closure.
That surge in the early morning was incredible. The manipulators are still the same, just playing tricks.
Ethereum didn't find a good entry point, so no chasing. That's the right mindset.
Waiting and watching is the safest, much better than blindly participating.
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SorryRugPulled
· 19h ago
That surge in the early morning was indeed a bit crazy. The manipulators love this trick. There's no use seeing through it.
Brothers who got liquidated are losing their minds. I told you not to short recklessly.
It's actually better that I didn't get on ETH; chasing highs is really stupid.
Let's wait and see. Both directions are possible. I'll choose to lie flat.
Making money isn't that easy. Watching the market is also part of trading.
If you're trapped, hurry up and wait for a rebound. Cutting losses now is too costly.
In this kind of market, doing nothing is wiser than acting. Truly.
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Degentleman
· 19h ago
Nabo's second pancake surge is indeed strange; the manipulator's tactics are really skillful.
Wait, that's why I choose to stay flat and watch. I really don't want to be cut again.
Honestly, this kind of market tests your mentality the most. Watching others get liquidated is really... never mind, I won't say it.
Standing still and doing nothing is what I respect the most right now. Anyway, missed opportunities will always be there.
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LightningHarvester
· 19h ago
The wave in the early morning was indeed incredible, and the rise of the second coin was strangely suspicious. The manipulator's tactics are just like this, playing with people's minds.
Honestly, now is the best time to observe. Blindly chasing highs easily turns into a leek, so better to miss out than get crushed.
I already said that shorting is risky. This wave is still mainly bullish, wait for an ideal entry point before jumping in.
Ethereum indeed didn't give a good opportunity; staying on the sidelines is truly wise.
The upcoming market will be at two extremes: either a false breakout to trap shorts and then rally, or a false rally to lure in buyers and then dump. Anyway, I choose to wait.
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LiquiditySurfer
· 19h ago
The wave of Bitcoin surge in the early morning was indeed interesting; the market makers are really deep in their tactics.
Wait, ETH still depends on whether it can bottom out after the pullback to fully buy in.
Being cautious is very wise; instead of getting cut, it's better to watch first.
The guys who got liquidated in this wave probably have their mentality shattered; shorting really requires restraint.
Knowing when to shut up is the key to making money, honestly.
In the game of retail investors, doing nothing is winning; this statement is spot on.
What is behind Bitcoin's strange surge? It doesn't seem that simple.
The bullish tone this week is still a solid judgment.
Standing still may sound simple, but actually doing it is really extraordinary.
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BanklessAtHeart
· 19h ago
The surge in the early morning was indeed strange, and Erbing's tactics are so old-fashioned; that's all the tricks the big players have.
Too many people got liquidated, and those shorting are trapped. The bulls aren't done this week.
Just wait and see. Chasing highs now is just giving away money. Be clear before acting.
Standing still is the best strategy; don't be tempted.
This wave will either continue upward or crash down. It's just hovering now. Let's not mess around for now.
Watching from the sidelines is also good, stress-free.
Market Review and Observation on January 14, 2024
This wave of market movement has indeed been quite fierce. Many traders have experienced liquidation, stop-loss exits, and even mental breakdowns.
I had warned earlier to be cautious with short positions; this week's main tone remains bullish. The move in the early hours was interesting—Bitcoin quickly surged nearly 200 points, which was a bit suspicious, but that’s the manipulator’s tactic—when it needs to be thorough, it must be thorough.
Ethereum didn’t provide an ideal entry point yesterday, which is quite unfortunate. However, I didn’t chase blindly; knowing when to stay put is crucial.
The upcoming market could go in two directions: either a pullback to trap the shorts before continuing upward; or a reverse trap to lure longs and then quickly dump. In this situation, my choice is to stay on the sidelines. After all, in the game between retail traders and big players, sometimes it’s wiser to observe than to participate. The daily sharing is about genuine and actionable trading ideas.