Hello Gaming Warriors!
How are you all? I hope you are blessed and well. In today's post, we will discuss the market situation for both forex and crypto, which is highly volatile nowadays, making survival difficult for low-portfolio traders, especially those playing with leverage.
| CRYPTO MARKET |
Well, the crypto market has been doing some insane movement since the last few days, or we can say it from the last two weeks, and so many liquidation occurs, but the market will not pity on anyone, it will always trap traders to sweep the upside and downside liquidity, like what happened yesterday, the market fell below 60k, which came from 74k and continously down in a sequence with major liquidation those who were tried to catch the falling knife got liquidated and same it to the sellers on the other days when the BTC were falling i also bought BTC at different ranges but as you know with small portfolio the survival is not easy and when we started shorted again following the trend the BTC trapped the short players and liquidated so many users at 71k so it fell from 74k to 60k range and went upward back in a day to 71k.
So, both direction players were trapped and liquidated, which is why playing with leverage is risky, especially in this type of market situation. Some say it is because of the epsitien files that people were afraid of it, but not sure what the main reason was.
| GOLD AND SILVER |
On the other side, the forex market was bullish, and the gold continuously created new ATH each week with a small correction, which went up towards the 5600 range fromthe 3500 range, and in these days the crypto performed very badly, the alts were damaged a lot, and the volatility was very high from the recent crash of 10 October, even the alts touched the recent lows of the last crash, so the forex were doing good and suddenly it also dropped almost to 4300 the biggest down in a single day but the volatiliy was too high and here also the low portofolio users were trapped and liquidated because the movement in gold was too high in both direction and with it went up and down in $200 to $300 at the same time tapping buyers and sellers so those who had $100 or $200 in their account were liquidated including some of my friends.
The silver performed very well, and i saw it at around 60, which stuck there two or three months ago, but suddenly it gained momentum and hit the all-time high of $120 because of its demand increased, and when the gold crashed, it also crashes touching the downside of $75 in a single day now it gained some price movement in this week and hope the next week it will touch $100 back in the next week along with gold.
So the current market situation is too risky for leverage traders but a great opportunity for spot, so if you have some investment remaining, then put it in alts and BTC for grabbing a great position like a good buying zone for many alt,s especially for hive. Please share your thoughts regarding the current market situation and your survival if you are a future trader.
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