For this ETH move, I was thinking last night while watching the charts—just sell high and buy low to catch a swing trade. Short at the highs, go long on the pullbacks, remember to use stop-losses and don’t try to tough it out. Take profits and get out; in this kind of choppy market, you have to play it safe.

Chances are high that the weekend will be sideways and sluggish. The whales have been ruthless these past couple of days, first squeezing the longs, then smashing the shorts—playing both sides hard. This kind of back-and-forth chop really isn’t suitable for heavy positions or going all in.