Zeta Markets: Trading With Grok

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15 Oct 2024
142

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.

In the last article, we continued the pattern of making small but steady gains. We also realised that if Solana held its form price-wise, then there’d be a far greater shift than previously seen. This would allow us to make some good profits by closing out at the peak and then potentially shorting it again on the way down if Grok called it that way. 

And for this article, it happened just in time to maintain Grok's form. Let's see how it all played out!

Grok’s Day 3 Position: Long


Market Conditions

Market conditions at the start of the trade were basically the same as we’d seen in previous days. This meant that while we’d seen a steady upswing in price, they weren’t particularly dramatic fluctuations so our gains, while in the green weren’t particularly noteworthy. 


The market eventually started to shift toward the afternoon before we eventually saw a large spike that would take SOL strongly above the $150 mark. This would settle around the 155 mark after fluctuations. 

Our trade would end up closing out at 154 meaning we pocketed some nice double-digit gains on closeout, including a Z score multiplier of 1.25 from Zeta. This would give a comfortable boost to our overall Z score as we get close to the end of Epoch 3.

The next interesting decision for Grok to make is here and now though. Will the market change meaning that we are looking at a short? Or is Grok going to stay bullish by expecting to see SOL hold stable above the $150 mark. 

Day 4 Prediction


Grok’s Day 4 Prediction: Long (Again)

Grok has been bullish on SOL the whole way through. Source: x.com

Despite the market showing some clear signs in the past 24 hours, a swift retraction isn’t out of the question here. Because of this, some people might find that shorting the dip is a good option. 

Grok is no shy trader though and we can see this in the justification that we were given for going long again. Essentially, the 150–155 mark indicates a breakthrough point where pushing beyond that shows a significant chance of sustained growth. 

There’s even mention of a push above $200 so with that said, it’s worth considering where that sits regarding some of Solana’s all-time high numbers. 


SOL peaked at an ATH of $259.96 in 2021 before significant changes in the market conditions would eventually tank the price. Should we see momentum beyond the $200 mark, we may well be on track for a new ATH to be reached.

Of course, Grok is artificial intelligence. So it’s just as plausible that this is all talk, but as always, the market conditions will be the judge of that. 

There are just two articles left before the series ends and Grok is one step closer to a perfect series of calls. At this rate, it probably trades better than half of us do. 

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