₦airaland Forum

Arsenal untop is like an elephant on a tree, how it got there no one knows, but what everyone knows is that it's gonna fall.

pook:
For now Eth is going downtrend, it's in a critical zone why the outlook is like that, it will go down and possibly touch 3088 again

When will it do that? That's what makes money in this line of business and not throwing bogus analysis all over the place.

Everyone knows BTC will go up, how low will it go before going is what most people don't know and why they lose money.

It's no coincidence that price has started buying again as I expected after tagging the target level.

geedot:
Of course we shall, just that it's probably slower due to the time of the day.

Almost zero drawdown from entry point.

When you start seeing strong sell on volume, but price action is showing you wicks, they about to reverse price from the nearest zone.

You either close your position, or cover the risk by breaking even to avoid story that might touch the heart.

If majority are losing, it means this thing isn't random.

Below is the last 30days data for those doubting if this really works.

geedot:
Are we going to see this drop?

Of course we shall, just that it's probably slower due to the time of the day.

Almost zero drawdown from entry point.

Are we going to see this drop?

Petah:
chief please what's the name of the indicator you ise for the New york open and London open indication

That's it.

geedot:
Good morning traders, don't forget the US daylight savings has kick-started yesterday, that subsequently means you add 1hour to your market timing.

Gold is looking to sell, don't trust all these bullish moves you're currently seeing, it's too late to buy for the day, it's going to sell any moment from now.

The H4 is steady rising on a selling delta volume, while the H1 is also showing the same thing too. I'd be looking for short around that 4040.

But let's wait if London people can push price there when they open for the day. Have a profitable week and month ahead.

The impending sell I mentioned above just occurred. Unfortunately, it didn't get to my POI before shooting down as expected.

I'm done on gold for the day.

Good morning traders, don't forget the US daylight savings has kick-started yesterday, that subsequently means you add 1hour to your market timing.

Gold is looking to sell, don't trust all these bullish moves you're currently seeing, it's too late to buy for the day, it's going to sell any moment from now.

The H4 is steady rising on a selling delta volume, while the H1 is also showing the same thing too. I'd be looking for short around that 4040.

But let's wait if London people can push price there when they open for the day. Have a profitable week and month ahead.

geedot:
It's funny how they have painted futures trading like the evil and hodling as the de facto.
I made this analysis on EthUsdt yesterday morning around 9am or thereabouts. Wanted to post it here then I remember how TA is currently perceived here after that dip last week, I just deleted all I wrote and stayed on the sidelines instead.

Deleted the image already, I had to go revive it from my thrash bin. The analysis should have done about 30-40% ROI already, and it's still going up.

I think people just like to believe they are better than others and their decisions also better. I guess the end justifies the means at last.

First image was the analysis yesterday morning, second image is this morning and where price currently is.

If I was in this trade, I would just cover the risk here and let the rest play out or stop out at zero loss if it decides to reverse from here.

Reason 1: Volume bar for the day is showing strong buying, yet price barely moved, and in fact started creating a top wick. Anything can happen from here.

Reason 2: That area is a former resistance, they can use it to tank the price down further more. At the moment I can't really say what can happen.

I only know where price is likely to stop moving and reverse a while, how long will it reverse is what I don't know.

LincolnOnyeabor:
I have closed already self. Saw an Fvg on the daily timeframe and scaled lower. Saw the sweep of liquidity, and another Fvg on the lower timeframes from H4 to H1. Placed the entry on the Orderblock there.

Seems you've changed style of trading. These ICT lingos are something I'm not familiar with what they meant, but if it gets the job done, then fire on.

Taystee1:
This is a public forum,do not let anyone discourage you from posting or giving your analysis,it might be helpful to some of us here.

Of course.

LincolnOnyeabor:
My boss sir. Saw an identical setup on BtC Yesterday and took it on one prop I have but i have closed shaa.

It's better to close since most props don't allow weekend trading, and anything can just happen over the weekend. With price jumping your stop if it backfires against you.

Can you share the screenshot of the timeframe you spotted it from and how it ended so I can see and analyze what you also saw.

DieRich5:
As an investor who invested last year on Pepe or shib and now the same price he bought it last year that’s the price the coins is now…….so is it a good investment?

As a trader that trades both coins since last year will definitely be at profits now even though they are currently taking down by the last dip.

ILegendd said something this year like: “Nothing is good or bad, it’s the outcome that defines how we judge it.

Traders and investors both make money in this market, it’s up to you the part that is likely be good or your good at that make it better for you as an individual.

Few months we are going to 2026, and I’m still seeing this kind of post about investor better than trader

It's funny how they have painted futures trading like the evil and hodling as the de facto.
I made this analysis on EthUsdt yesterday morning around 9am or thereabouts. Wanted to post it here then I remember how TA is currently perceived here after that dip last week, I just deleted all I wrote and stayed on the sidelines instead.

Deleted the image already, I had to go revive it from my thrash bin. The analysis should have done about 30-40% ROI already, and it's still going up.

I think people just like to believe they are better than others and their decisions also better. I guess the end justifies the means at last.

First image was the analysis yesterday morning, second image is this morning and where price currently is.

Look what various exchanges did with Solusdt in the screenshots below. Days like yesterday is when these thieves usually choose to wack prices down or up as far as they want.

Trading is the hardest way to make the easiest money. Stay safe.

The manipulations were extremely minimal across the top exchanges only on BTC followed by Eth. If you're an intending futures trader, you should know where to pitch your tent by now with the info.

Moves like this jumps your stop and slip you way beyond your expectation if you're at the wrong side of the market when it happens.

SmallDick99:
Crypto is just filled with regrets.

Sometimes it just feels like no matter what decision you take it will some how end in regrets.

I have come to realize that, no matter what, the best decision you can make in this space regardless is the one that keeps your capital safe.

Too many people are aware now, so those days of investing $100 and forget it there and it turns $10k is over. Before one coin does 1000%, a thousand coins would have turned to dust.

It's time people that wants to make this an occupation rolled their sleeves and learn how to really trade, instead of hoping to buy some random coins and it turns them to a Mnaire. You either learn how to cook or leave the kitchen if you can't stand the heat.

iLegendd:
I won't fault your take if you're referring to scalping or day-trading. It requires lots of technicalities and emotional battles.

But when it comes to a trade you'll leave for some days, weeks or months, entry is major.

Entry is extremely important in any form of trading. You wanna be among the early buyers instead of being the one paying the early buyers, while you're hoping someone buys after you so you can also get paid.

But it seems we are seeing this from which one is harder for us to tame. It seems waiting for your A+ setup was very hard for you to tame, but on my part I've never had issue with waiting for my precise entry price, so FOMO has not been an issue for years now, but you see holding too long or cutting too short is one aspect I'm still working on even till now.

I tried set and forget, but I wouldn't stop remembering to check lol. I tried taking partials, it messes up the RR. Etc.

iLegendd:
I get your point, but 90% of your success is your entry. Strategy is for traders and even with that, your entry is still 90% the most important. Why? It takes discipline, patience, psychology to wait for a good entry. Most people can't wait for A+ setup.

Someone who bought BTC at $0.1 (good entry) doesn't need any strategy other than to sleep and smile for the rest of his life. Strategy is for late-comers.

Watch this 25 minute and come back to deliver a short lecture titled: Good Entry Vs Strategy.

This video is GOLD! I can't believe it's free.


https://www.youtube.com/watch?v=FtneFiT1f7o?si=C9MHwk8UIrj2aTxR

Legendary iLegend. I beg to differ with the bolded. I think the hardest part of trading is what happens after the trade is on.

It's much more easier to become mechanical with entries, limit orders can easily get rid of fear of missing out. But, you see that floating profit and loss is the hardest part, at least for me.

You wait too long, price reverses abruptly back to your entry, you close too early, price keep ripping towards your predicted direction. Both scenarios are caused by greed, so how do you measure or gauge greed? I think this is harder on the trader's psychology compared to FOMO in my opinion.

Thank God it's Friday btw.

Efcc with another excuse to justify their packing of those boys. Majority of these boys don't live abroad, they live here. So how are they the reason for visa restrictions?

GRACEGLORY:
Wicked scene!😂💯
Even though the actor’s got a point, everyone knows Usain Bolt, but marathon champs? Tough to recall.

But truth relating this to crypto, the sprint can be tempting. In crypto, sprinting for quick gains may pay off if you time it well like catching a 100-meter Usain Bolt moment. But it’s risky; you could crash hard if the hype fades, get rugged or something. Marathons, like holding your convictions are safer for steady growth, even if they’re less flashy. Many love the sprint for thrill, but I'm a marathoner for the chills.. I'm Eliud Kipchoge

Thanks for sharing, it's thought provoking, to be honest.

Thought provoking indeed. To be very honest, I have zero idea about any marathon runner not to talk of the champion.

LincolnOnyeabor:
What's the Guy's channel name please??

Still trying to understand how mt5 works on laptop, its cumbersome jhare

That's the channel in the image below.

LincolnOnyeabor:
That's deep!!!

Really, I'm among those that see trading that way too, and infact I'm used to using that mantra when I speak sometimes.

I think it's time I went all in and increase my lot sizes. There's this guy I watched his YouTube videos last weekend that made $4m+ just last month of August alone.

He was in Monaco when he made the video, he said Monaco made him realize there's still a lot for him to achieve. He's currently planning on hitting $100m, then onto $1b. The guy is just 22years old for God's sake.

Was watching one Indian movie which the concept was about trading this evening. Someone was advising the lead actor there that life is a marathon and not a 100-meters sprint, that he should pipe low and thread slowly as he's too ambitious for his own good.

The actor asked the fella that "What's the name of the best marathon runner?," the guy couldn't speak, he then asked him again, what's the name of 100-meters champion? He said "that's easy, Usain Bolt".

The actor responded, "exactly, no one remembers those that run in a marathon".

Taystee1:
Thanks for this info. Please,can we also use this method to long a trade or it is only available for short trade.

Definitely, anywhere belle face boss. This was a long trade on the German Dax I took yesterday during New York session. Yesterday was last trading day of the week and month, so I didn't expect too much move, it just looked too good to let go, so I grabbed few bites and hopped off.

This is a 30mins timeframe, you can see the long wick occuring at a previous support area.

iLegendd:
Read all. Now I see why people are scared of my posts sometimes and call it long.

I understand what you're saying, but as a monthly and weekly TF merchant, I can't remember the last time I touched anything below 1 day TF.

I'm happy you shared this because some day-traders will definitely use it to their advantage soon. Great contribution.

Well-appreciated, Geedot. 👍

Thanks bossman. The Ethusdt trade is really struggling, normally I don't expect an H4 candle closing above that zone in the first place, it doesn't happen, most of the time price tanks down from that entry, but let's wait and see how this fully unfolds.

I checked chart, on the H1 timeframe, price went to retest a resistance, so it's currently looking like a double top on the H1, hopefully that should be last time visits there and just drops.

Reason why I put that stop way above, price usually takes out the previous obvious highs and lows before continuing.

Koldam2020:
boss, Pls wat is ur bias on btc

I barely have any idea about crypto circles and stuff, so it's really hard trying to form a bias on it.

This is an example, though in hindsight of this same pattern on Nividia US stocks during the week. People use order book, watch orderflow to make this type of trading decisions, but here you have it in the simplest form possible.

First screenshot was on Wednesday night when market closed, the timestamp is there, I took the screenshot @11pm, the second screenshot was taken yesterday when I got notified the TP had been breached.

I won't bore you with the analysis as it's all in hindsight now, just showing you, it works cross platform on any market be it forex, crypto and even stocks.

That long black candle is the candle pattern I'm actually talking about. Now, let's analyse the price action together.

This area I've marked was a former little resistance created last Tuesday to Thursday before price broke through it last week Friday to create the ATH on Eth.

Then price started tanking down after getting close to 5k, it found support on this our zone and turned the former resistance to support on Monday. Price went up again, before coming to break this area yesterday being Friday.

After breaking the resistance turned support, it's trying to test it if it could turn resistance again. My bet is on this zone holding as resistance today.

Note: The reason why I called this trade is majorly because, if you look at the candle sticks coming up, they've all been bullish leading to this area, until this black candle with that long wick I call the "Exhaustion Candle" formed.

Let me explain what happened within 4hours with that my signal candle which is the long wick black bearish candle. Buyers pushed price to former resistance turned support and now trying to turn resistance again.

One H4 candle consist of 4 H1 candles, so here is the explanation, the first two hours of the candle were bearish, which is the reason why price tanked down which created the wick, but before the candle closes, the last H1 candles pushed price back up to where the previous H4 closed, but unfortunately they couldn't close it higher than the previous one, instead, it closed slightly below the last H4 candle.

This difference is very subtle, but it tells a lot of story, the buyers are tired and will give up sooner rather than later, if you watch the volume delta, you'd see they've been red all along even when we have two bullish H4 candles in between them, the delta is showing red nonetheless.

Like I said in my first post about the pattern, it has to happen at the right time [during high volume period] and the right place [support and resistance]. It can happen anywhere and still play out, just that the success rate is higher if you add these filters to it.

This is a live ethusdt trade I just spotted, we will all watch how it unfolds in real time so you can see how powerful this can be if you put in the time to master it. It's not too complex to understand and follow.

Below is a pictorial example of the candle.
In the example below, I analyzed the market from the daily timeframe, Ethereum's price is currently at a former daily support that has a very high chance of turning resistance for the time being.

This candle pattern forming on the H4 timeframe at this critical zone satisfies one of the criteria which is right place[S& area], but it's really not the right time due to low volume associated with weekends.

But weekend is actually the only time I can be really free to show this example in real time and not in hindsight.

iLegendd:
Wow! It's all good man. I love that. I would've said you should share, but you'll be abused for your kindness, so I'll keep mute on that. Sometimes, Nigerians being blind is the only way forward.

If you don't mind, you can enter CITNairaland on Telegram, drop the info for the people there before you leave the group if you wish not to stay. Those of us that love to learn never say no to new info.

I love these kinds of info that can't be found online. Feels like some I have found on the chart and they just don't exist anywhere online.

Well, it's nothing too special. Of course, it would be easier for anyone that's already well grounded with price action and most importantly trade execution.

The candle stick pattern is something I've found through using volume to gauge price weakness. Most of the time when price is about to exhaust and turn the other way, the candle always look in this specific manner.

You know when you start seeing one particular pattern too often on the chart, you can't just "unsee" it.

The same pattern just formed on EthUsdt as we speak on the H4 timeframe. But I wouldn't place too much importance to it, because the success rate is slightly lower during low volume environment, and today's weekend. So I wouldn't expect much, but nonetheless I'm overly confident it will still play out.

iLegendd:
Geedot and Graceglory don run. Na only me remain. I hate overstaying my welcome.

Thinking of my next step...

Not only here bossman, nairaland as a whole. I only check in here few times a week now, compared to everyday I used to visit back then.

I'm just on incognito mode doing my "demo trading" on the low. When I have money to showoff, maybe I will come back to this thread to prove to them all, my style of trading actually works.

How you been Man? There this two powerful candle stick japanese pattern I've discovered, they signal reversal about 90% of the time, only if they occur at the right time[Session, or during the week] and the right place[Supply and Demand area].

It's been in front of everyone all these while and no one is seeing it or even wrote anything about it. I googled all candle stick reversal pattern, and no one wrote anything about it.

It feels like discovering the cure to cancer for real.