$ETH After much manipulation, I decided to close my long position on Ethereum Coin-M futures at a loss near my liquidation price which was ~ $1,936.82.
Closed at $2,183 because
1. The manipulation resulted in a truncated 4 year cycle we all knew.
It was BTC moves, ETH outperforms BTC(Dominance flip) then ALTS fly.
This time they said NO. ETH moved up only 5 months (April to August) in a 4 year cycle just barely 3x with no proper ATH (it underperformed).
Eth Has been falling for 5 months now since September. Wouldn't be surprised February is a red month too and we get 5 months up 7 or more down.
Low was $2,200 at 1st, it rebounded and now $2,105. I survived the 1st, apparently could have survived the 2nd, but what out the 3rd & more.
To what end? I added funds to bring Liquidation price lower but if you can get it to $0, I'll advise don't try. It'll be better you salvage what you can than letting them take all (just as i chose).
With projected 30% more downside to go, who could survive it? I held through 5months.
Be wise, Stay Safe. We move.
The cycle was truncated because they found out we knew.
Loaded shit coins on listings, grabbed liquidity & the placed on monitoring then delisted.