₦airaland Forum

Very possible we have a whole market mini fast pump this week irrespective of the big coin price level.
When u see that pump, just close all ur positions either u made enough profit or not.

It looks like many people that were bearish b4 are now bullish. More reasons why waiting for more BTC leg down to around 15k or lower looks certain.
That kind of move down are usually fast and swift leaving majority amazed and trapped.

Am bearish as fk.

Close shop b4 everything stew again. Long red candle loading...

altcoinng:
Bitcoin overcame the $20,000 level, Ethereum price approached $1400

The price of bitcoin has risen more than 8% in the past 24 hours, returning to above $20,000.

As of this writing, Bitcoin is trading at around $20,232.

Uniswap’s UNI token showed the highest growth over the past 24 hours – 18.1%. Solana (SOL) and Polkadot (DOT) gained 8.9%.

Total market capitalization reached $1.01 trillion, according to CoinGecko.

Glassnode’s on-chain analysts observe that short-term investors are currently suffering significant losses. Hodlers remain resilient, and many metrics point to a “market cycle detox.”

As a reminder, bitcoin reacted with a sharp correction to the US Federal Reserve’s key rate hike on September 21.

https://altcoin.ng/bitcoin-overcame-the-20000-level-ethereum-price-approached-1400/

I am actually not here for criticism or tackle anyone, but having majority of u news peddlers correlating every BTC movements to US news and policies is a NO. Anytime BTC moves upward or downwards, u rush in search for news.

Hear urself out or ur copy and paste source saying this upward movements was because of 'sharp' correction to the US federal reserve bla blah of September 21st now benefiting d market on 27th. News doesn't take that long to price in.

Leave BTC let it correct itself and move on its cycle and stop feeding people this craps.

According to its cycle and history, its correction would be completed this year and we won't go below the lowest price level of 2022 till the next Bull.

Lanshile:
Technical analysis will also show you what will happen it depends on how skilled u are
Just because u are not getting it right with tech doesn't mean others are doing rubbish
You wrote a lot of misconception up there man

Just one question for u before I start with u.

What do u understand by Technical Analysis?

altcoinng:
Charts are graphical interpretation of what is going on in the market.

Bitcoin in connected to the stock market because money flow from there.

Whatever happens to the economy will affect bitcoin

It is just common sense.

If charts are just graphical interpretation of what's going on in the market, then who needs it??

Charts are graphical representation of what has happened, what's currently happening and a good predictive factor for projecting the future of an asset/currency.

Seriously, it is very important people take the highly correlated trends of Bitcoin/crypto to stocks with a grain of salt, as it's just a matter of time before Bitcoin returns to an uncorrelated trend. 

People like u have bn brainwashed and I leave u to it b4 u realise by urself and relearn.

altcoinng:
US recession forecasts to determine Bitcoin price

Next week, Bitcoin will be dependent on the U.S. recession forecasts.

Next week, Bitcoin’s price will be determined by United states recession forecasts. For now, investors have been able to keep the cryptocurrency market capitalization above $900 billion.

The gloomiest predictions that Bitcoin would fall below 10,000 have not materialized, at least not yet. Perhaps digital assets are now bottoming out and can come out of the sidewall with a significant increase or vice versa that will renew their annual lows

What factors will determine Bitcoin price in the coming week

Tight monetary policies by central banks could lead nations into a recession – a sequential drop in GDP over several quarters. Cryptocurrency investors will face such an economic phenomenon for the first time, but the cryptocurrency market will not be a “safe haven” and will also react negatively to the crisis.

The coming week will give a picture of the likelihood of a US recession in the form of a set of statistics. On September 27, the US fed will publish data on consumer confidence and the purchase of durable goods.

On September 29, there will be weekly data on unemployment and U.S. personal income. According to preliminary expectations, the data will be disappointing.

Friday will bring data on Chinese business activity indexes. The stock markets will move into the red zone if the effects of the drought, power shortages, and Covid-19 lockdowns will slow the Chinese economy. In addition, political tensions are also rising in China.

In October, the question of whether CCP head Xi Jinping will continue to stay in office is to be decided. Many influential party functionaries in the Chinese Communist Party do not want him to rule for more than 10 years. The ongoing geopolitical tensions in Europe and the presidential elections in Italy, where extreme right-wing parties may come to power, may also put pressure on the markets.

What cryptocurrency market events will affect Bitcoin price in the coming week

Among the news that directly affects the cryptocurrency market is the fact that the Token 2049 summit in Singapore, will start on September 28. Thus, the cryptocurrency market will be more influenced by economic forecasts about the state of affairs in the US and political events on the European continent. Whether Bitcoin will be able to hold on to today’s positions or its price could fall to $17,000 and below will be clear by the end of the week.

https://altcoin.ng/us-recession-forecasts-to-determine-bitcoin-price/

To me, all this bla bla blahs are just brainwashing and gibberish, and its important u people should stop dropping it here.
Go check/study BeTC history on yearly price movements and u would understand the whole situation very well.
We are in a bear market currently as everyone should know and no miracle or hope indicator whatsoever would make its price surge high this year! We are currently around 61% drop and price as to fall at least 74-80% from ATH of a bull run to signal correction completion. Maybe next year to the 36k-42k region and down again before price goes berserk/Bull in 2024/2025 and the circle continues.

I am strictly following charts and history and Whoever has other valid points here can engage me in a debate.

Siberia01:

May you never know peace
You will keep wandering on this thread for the rest of your life

What's the need for this Is he the one controlling the market?

DaemoLee:
Coins never start to dey die una say una don see bottom, Una still dey see Bull for charts with power to dey fight about market directions then bottom isn't in yet.
Till I come here and see few posts in days, see people that say they eat and breathe crypto type "Wo we move to better things" , people attacking any1 that talk about investing and hodling coins, then bottom is in and it is time to start buying.

I sabi sey una love people wey dey talk BTC to 90k! well sorry b4 then,13k is very possible.

#BearishModeActivated

17k-18k would turn stubborn resistance once price goes under.

vicnize:
Btc will always do what she likes to do, trade it at spot level via milk the cow strategy and know peace. no worry or fear. simple as ABC.

Btc has done 3 bottoms in a space of 4 months now on the daily. there are loads of order at the $17, 640 level. But Btc does not ewant to get there to fill the order, she will do what ever she likes.

It would quickly get below 17k when ready, filling the orders and leaving the buyers in loss.

seankafor:
Saylor way is my way

Hmm! I love to see Saylor aquire more bitcoin news, it simply signifies more massive dip coming.

Coins never start to dey die una say una don see bottom, Una still dey see Bull for charts with power to dey fight about market directions then bottom isn't in yet.
Till we come here and see few posts in days, see people that say they eat and breathe crypto type "Wo we move to better things" , people attacking any1 that talk about coin fundamentals and hodling, then bottom is in and it is time to start buying.

I sabi sey una love people wey dey talk BTC to 90k! well sorry b4 then,13k is very possible.

#BearishModeActivated

Sell it all and run from this dreadful market at least for this year. The worst price level is yet to come!

Days or weeks from now ETH and many tokens/coins built on its block chain network would pump hard and give good ROI and u would wish u had waited and not sold at loss or bought more now.
BTC price level won't matter then.

Just Hodl ur positions, anticipate and get busy with something else then come back when it's harvest time.

I see the merge as great hope for a smooth rise in price.

Omobola121:
Thank you Boss. God bless you!

I had a safe delivery. Baby girl is doing fine.

Congratulations and thank GOD for the new life blessing. That phase isn't a joke at all.

May u never have complications that comes after child's birth.

DaemoLee:
Buy $FORTH it would pump Thursday/Friday. Sell immediately u are OK with d gains.


Disclaimer: NFA

Zabad! $FORTH pump as started if u entered d day u asked.

It's looking like a wake up to green from midnight.

#Hodl

Zabad:
Can you notify me when you see a good coin

Buy $FORTH it would pump Thursday/Friday. Sell immediately u are OK with d gains.


Disclaimer: NFA

GRACEGLORY:
Either Monday, Tuesday or Wednesday.... BTC is to 23k. And that happens within the next 24hrs. So I don't get your point aside that you trying to show off what is not. Is uptrend without reversal to retest uncommon. Or what's your point

More so, the drop was due to the CPI numbers that were released.


Edited


#Babydoge

Silence...

DaemoLee:
Don't be sarcastic my friend. Only one long red candle down would give u a reset and calm u.

GRACEGLORY! Do u like the long red candle?

I hope u got the reset and calmness now my friend, AKA Mr Babydoge.

Don't worry from Wednesday evening to Friday we are pumping hard

Pls follow the chart in the crypto space and pay less attention to news.

Getting back in by 5pm for the day cashout.

petux:
What makes you think there is going to be a "brutal dip" tomorrow or Wednesday??

Brutal or not?

GRACEGLORY:
How’s the short.






#Babydoge

Bobo read to understand! Futures trading isn't my thing, infact I have never spent a cent on it.
I have been buying low and selling high.

I have bn out of the market since 2days now patiently waiting. Bought just one coin when everywhere was red enough for me to buy, i exited in thousands of Naira profits and ok for the day. Looking forward to a more brutal dip 2mao and Wednesday...And the circle continues.

GRACEGLORY:
You read like you know them so well, they must have been your friends and folks. They let you in on their intel.

Don't be sarcastic my friend. Only one long red candle down would give u a reset and calm u.

GRACEGLORY:
Thass, what I’m talking bout. BTC already hit bottom @$17,500. Even microstrategy knows it too.




I Dey go sell my televisions….
https://www.nairaland.com/4403197/sale-graded-stock-smart-web/162#116326100

Lol. If u see news like this exit the market ASAP. Cos crazy dip incoming.

The logic there is that, they truly want to buy but they would never buy at this price until after they have driven the market down to their target price entry.

I don exit on the news since early momo

TWT is one token that has barely been affected by the market dip.

BTC has gone crazy

U will find peace and joy in this current market movement when u learn to trade only one coin at a time.

Study ur chosen coin movement on its 1 wk, daily, and preferred mins time frame, u will knw when to buy low, and sell high while u accumulate more.

Accumulation isn't the goal but making money is!

Way too many shorts in the market at the moment.

U all know what that means...Long

SmallDick99:
Abeg what is Bee chart?

Btc

Una just dey give una sef unnecessary headaches. Read Bee chart on the daily timeframe follow the trend to get into d market and out.

Been making money wit this trend until it changes again then we study it's new pattern.

Bear market better sef.

doyin01:
Yet you still blame your leaders..since we are all corrupt according to you.. then why are you people complaining that there is bad government??since everyone is corrupt so what exactly are they complaining about concerning the government?? Since everyone is corrupt according to you...

And when government do not care about the masses anymore and they keep stealing ,you people start complaining...if those in power see statements like "we are all corrupt "..I am sure that will motivate them to keep misbehaving since someone somewhere believes everyone is corrupt and so the leaders will feel they are just doing what every other person will do since according to you "we are all corrupt "..

How much is a dollar in 1984-2006?? Is it not same humans that live in Nigeria by then ?? Oh the Nigerians at that time were not corrupt?? , that is why the dollar was not up to 200naira at that time??

So now it is same Nigerians that now made dollar to be 600naira and above and not bad leadership??

If the same corrupt Nigerians according to you could not make dollar to be 600naira as at 1984-2014 ...that means the leadership at that time did their job well and prevented any loophole in the system...

Fast forward to 2022 , dollar is 600naira upwards ..and yeah the leadership failed...a country that now imports at least 90% of things and hardly export anything..how will the naira not fall ??

Very high rate of imports and very less exports will lead to higher demand of dollars ...and when there are too much demands and there is not enough supply of dollars then the price will automatically fall..whether Nigerians are corrupt or not.. it will fall..it is economics..not magic...

Lol! Ok now that Naira has bn gaining back, we have suddenly improved our exports or CBN suddenly pumped in dollars making it now available in abundance thereby sorting/quenched high demands? Lol.

By "we are all corrupt" or may be I should av better used the word opportunist, i simply mean, everyone has a part to play in the betterment of this nation and not only the government.
Dollar has been on a noticeable slow upward trend since d beginning of this year, however went berserk and got on d lips of every cat and dog on the street immediately it swiftly moved from N616 to N710 within few days.

Now every service provider, stores, shopping malls, online stores and almost everything added price immediately and has refused to review prices accordingly as naira gains. When U ask them, they would swiftly tell U haa U no hear sey dollar is now 7kinikan... days ago when the fall was persistent, a lot of people were buying stable coins and selling higher without control with d intention of continuous fall (who go suffer am if it had continued? We for dey N860 by now)

If the governments are bad, should we better worsen the situation more by our actions or try to fight by bn a better Nigerian that has to start with U & I.