CRYPTO MANIPULATION ALERT‼️ 100/1 Liquidatiom Cascade!

My Financial Friend

Current Market Situation

The crypto market is experiencing a significant number of liquidations, with a 100 to 1 ratio of longs to shorts over the last 24 hours. This has led to a market sell-off, but the speaker remains unconcerned, viewing it as a normal market correction.

Key Cryptos

  • Bitcoin: Still above $100,000, which is seen as extremely bullish. The speaker has long positions on Bitcoin with low leverage.
  • XRP: Currently at $295, holding up fairly well despite the market sell-off. It has been consistently setting lower highs each day, indicating potential for upside volatility.
  • D-Fi (D5): Up 40% today, with the company buying back a significant number of tokens. This crypto is worth paying attention to, despite low liquidity.

Upcoming Events

  • Fed Meeting: The market is watching the Fed meeting closely, looking for signs of quantitative easing and future rate decreases. This could lead to a very volatile week.
  • Earnings: Major tech companies will be announcing earnings, which could impact the market.
  • GDP and PCE: Economic data releases that could influence the market's direction.

Speaker's Actions

  • The speaker has added to a long position on a crypto that has taken a 30% pullback, which is seen as a normal correction for this particular crypto.
  • The speaker is being cautious with long positions, using low leverage to avoid liquidation.