Ultimately, it's all a guessing game; if you guess right, you can be thankful. The downturn at the beginning of December came a bit suddenly, resembling a panic sell-off where everyone fled in a hurry—perhaps it was a retreat signal catalyzed by various news, but at its core, it's still the liquidity crisis at play.
Currently, the market is filled with voices shorting at 75000 and 50000. I'm not that pessimistic; I tend to think this is just the old trick of shaking out positions or enticing short selling. Will there be a continued downward trend or will we see another spike to harvest profits? Let's wait and see.
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NftBankruptcyClub
· 22h ago
Whipsaw tactics really work every time, and there are always people who fall for it.
This is how the crypto world operates; as soon as news breaks, panic selling happens, and when liquidity dries up, it naturally crashes down.
Those bearish at 50000, wait to be played for suckers, haha.
To be honest, if anyone can accurately judge this wave, it would be outrageous; it all comes down to guesswork.
Once liquidity dries up, nothing works; it all depends on how the market maker plays it.
No matter how tough the bearish talk, once a long wick candle appears, it breaks their defense; I bet five bucks on it.
Instead of guessing, it's better to observe; after all, it's not the first time.
At times like this, the key is to watch how the large investors act.
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MeaninglessGwei
· 22h ago
I've heard this saying about Whipsaw so many times that my ears are about to callus. Every time there is a fall, they say it's Whipsaw, so why not just stay out of the game altogether?
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NftDeepBreather
· 22h ago
The exhaustion of liquidity is really something that can be blamed every time.
Whipsaw sounds nice, but to put it bluntly, no one can figure it out.
There are 50,000 short positions shouting over there, I'm just waiting to see how the story unfolds.
Ultimately, it's all a guessing game; if you guess right, you can be thankful. The downturn at the beginning of December came a bit suddenly, resembling a panic sell-off where everyone fled in a hurry—perhaps it was a retreat signal catalyzed by various news, but at its core, it's still the liquidity crisis at play.
Currently, the market is filled with voices shorting at 75000 and 50000. I'm not that pessimistic; I tend to think this is just the old trick of shaking out positions or enticing short selling. Will there be a continued downward trend or will we see another spike to harvest profits? Let's wait and see.