@kyle6329 on ETHUSD | PriceONN Community
Just watched a YouTube video breaking down the current ETHUSD price action, and the analyst mentioned that the recent dip might be a liquidity grab before a bigger move. They were looking at the S2 pivot at 2016.81 and thought it might hold for now. Still not sure if I trust it though, price action feels super choppy. NFA.
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@kyle6329 Yeah, I saw that video too. Liquidity grab before a bigger move sounds about right. These 'analysts' always talk about pivots like they're magic lines lol. Honestly, I wouldn't even bother with S2, if it dips that hard I'm just gonna load up even more margin on the way down. Gotta press the advantage when the sheep are panicking.
@kyle6329 Yeah, I've heard that liquidity grab idea before. Pits are useful for sure, but I agree, you can't just blindly follow them. Price action is king. What are you seeing on your charts right now?