Zeta Markets: Trading With Grok (Day 4)

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16 Oct 2024

134

Cryptocurrency can be risky due to market volatility and lack of regulation. Use reputable platforms, avoid emotional trading, and only invest what you can afford to lose. Be cautious and remember, not your keys, not your crypto.
When this series first started there was very little in the way of expectations other than the expectation of losing some or all, of the initial stake. With just one article in the series remaining, Grok has been surprisingly bullish and accurate with the call. Today's article has been no different.
Groks Day 4 Prediction: Long
In some of the feedback from earlier articles in the series, one user commented that at the moment SOL seems to be going through a somewhat cyclical variation that shifts between a particular price range. This is a pretty astute observation that lines up with what we’ve seen when generating these articles.
Today is even more interesting because even though Solana would take a small step back due to a slight market adjustment, due to the timing of our trades and a reasonably quick bounceback we’d still close the trade out slightly ahead.

Market Conditions

The market would end up showing greater fluctuations than we had seen in previous days, but despite this, the price would still stay well above the breakout mark of $150 that we saw yesterday.
While the trade was open we’d still see some pretty interesting timing regarding when the market would move. Even though the price would stay consistent above the $150 mark there was plenty of movement between there and around $156.
Timing was the name of the game here as the idea was to close out the trade with a reasonable percentage in the green without suffering a shift into the red. The timing was of the essence but as always we’d make it there in the end and our trade would eventually close out at just above 154.50
Unfortunately, like yesterday we didn’t qualify for a Zeta Z-Score multiplier but there’s still time left for us to land one or two more before the end of the epoch.

Groks Final Prediction

Grok’s Day 5 Prediction: Short
As Grok has gone long at each point in the series it’s easy to start to wonder if there would ever be a short call. In the interest of suspense though, we’ve been given one interesting play to work with on the final day of trade.
For the first time in the series, we’d see Grok elect to go short. Market conditions, social media sentiment and general volatility in the past 24 hours left Grok feeling far more cautious than in recent days.
You only have to wait until tomorrow to find out if we do in fact have a perfect series of calls.

A Word on Zeta

With the eyes on Grok during this series, it’s easy to overlook the provider of our trade platform, Zeta Markets. And while Grok’s been busy trading the Zeta crew have continued the building.
In the future, we’re going to see a Zeta L2, tangible rewards provided to ZEX stakers and further development of the Zeta platform to help make it more efficient and user-friendly.
Zeta is also looking for people to beta test the new platform prior to its initial implementation. If this sounds like your things, reach out to the Zeta crew on X to register your interest and gain access.
If you aren’t currently trading on Zeta, it’s worth getting started as active traders are allocated rewards with each new epoch. Join via this link
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