₦airaland Forum

SINisSIN:
Na so Una dey do for Forex? Habbyforex matter on X

How person go blow another person $111k just like that

Read it on X too last night, and it's so heartbreaking for the dude that fell for that gamble.

One of the biggest red flag is someone who claims to be making money from something, telling people to pay him money to teach them that same thing he claimed to be making money from. What manner of f.uc.kery is that?
Or asking you to bring money so he can make you more and you both share the profit, why can't he just make it all himself?

Day-trading is stressful, time consuming and no serious day trader has that much time at hand to multitask at ease. So when I see people like Habby who claims to day-trade, yet has all the time in the world to run an academy in different parts of the country that he has to show up every month, have signal groups, mentorship etc. Big LOL.

It's unsurprising, wherever money is involved, people tend to lose their sense of reasoning.

@Helinues, I remember seeing something like this on SolBtc few weeks back on a weekend when I was just scrolling through charts.

See that huge volume with a very low price action, there were lot of sell limit orders that filled all those strong buying, even though the delta was strong buying, price stalled and fell but unfortunately all the shorts were not filled, and price had to come back there, but this time around, it wasn't buying that pushed the price there, but instead market makers doing their thing trying to fill the remaining shorts.

How do you know this? Huge price movement on a low volume. See the second candle that returned back to the top, check how tiny the buying volume is. Immediately the remaining shorts got filled, price dipped lower, though price later returned and blasted through, that's a story for another day.

The image below illustrates this better.

helinues:
Below is one of the pure scam in Crypto

There is no need of the circled to go up if it's not going to pass where it's coming from

Those are the traps for liquidation

Moves like this one here are usually caused by lack of liquidity on the sell side to blast through the support, it will have to go up to recent resistance where there will likely be limit orders to fill more shorts.

Or

Scenario 2: when market makers withdraw liquidity, that's when you see huge moves on a lower volume, they are just trying to fill their orders fast so the true move can continue which in this case bearish. The move up was a fugazzi.

Bitcoin going strong, early buyers being plummeted over and over again. Their stoplosses being hit creates influx of sell orders hitting the market thereby creating more fall in price. In this scenario, the buyers are the one creating the fall in price. The buyers have to stop buying for price to stop falling.

I didn't really understand what this image meant when I first saw and read it, but after I started trading with volume, I immediately understood what Del Bosque meant clearly.

You look at the price alone, you might not really understand the direction with a very high accuracy, but when you look at the volume in relation with the PA, you see clearly where the price is headed next.


Sergio B, the most underrated player of the Barcelona golden era. Sergio B at Barça = Volume in trading.

The selling volume has dwindled, and almost ⅓ of yesterday's, which is a sign of weakness from the sellers. But the price action still looks as if the sellers are in control. If you compare yesterday's volume candle size with today's, you'd see the stark difference.

Most of these sellers are late sellers joining the band wagon, they are the ones we will be taking their money fam. They will be trapped and won't have other choice but to close their shorts with longs once the bullish move begins which should further create a faster upward surge than usual.

Tomorrow's candle close will determine if I'm ready to swing long it or not, stay tuned.

The second image below is my normal day-trading activity with two quick scalp trades which both lasted about an hour respectively today alone on Bitcoin on the M15 timeframe, smooth and easy. Longed the first and shorted the second with almost zero drawdowns.

Bitcoin is almost ready for the uptown business to 106k, I just need one last daily candle confirmation which tomorrow's daily candle should give.

tweakstar:
A breathe of fresh air.
Please what tool/platforms do you use to check these things, like the selling pressure as described?
I would like to learn.

If you're really interested, you'd go through my previous posts on this particular thread, I've answered this particular question ad nauseam times.

NCANCHAIR:
You see what BTC is doing, right? I wish I sold when it didn’t get this bad. Now I’m so lost and confused, I woke up so sad, this think can actually send one into depression. I have learnt a hard lesson from this experience.

Trading is the hardest way to make easy money. Stop whining and get yourself together. You bought at above 100k, that was a rookie move, what's done is done, you can only wait to jump out when price moves up back there in next few weeks.

Bitcoin will revisit the 106k zone, don't know if it will blow past there, but it will reach 106k again. All you need do is chill for few more weeks. Trading is not for the faint hearted. At least you've learned that by force by fire now.

One needs to get properly educated before entering this arena all be perished by his/her ignorance.

geedot:
The buyers most likely have their stops beneath that 93-91k, if the sellers are able to push price past there, their stoplosses is going to flood the market with lot of sell orders which should tank price even lower to 88-89k where new fresh buyers will be waiting.

Forecast: For long term buyers, wait at 88k to enter long, price will visit there soon, I can't really say when, but before the month end it should, or latest first two weeks of March.

The phase one has been achieved, what we need now is the second phase which is the uptown business. As you can see from the image below, the selling volume is increasing, so as not to be caught trying to catch a falling knife, the entry will be when the selling volume has exhausted. That should be anytime soon.

geedot:
Y'all remember this forecast, seems BTC is ready to take out the lows @90-89k before the month ends as anticipated. Let's see if tomorrow daily candle can finish the downtown shopping so the the uptown business can resume.

As you can see from the image above, none of the past 20days candles has been this strong, most of them have been looking like a doji, with weak bullish and bearish candles in between.

Today's daily candle isn't a strong selling as the price is indicating, rather it's the stops of the longs being hit that's creating this downwards whoosh in price, don't be deceived by the strength the typical Price Action traders would deduce from this.

It's acting the script as expected, big buyers are lurking anywhere around that 89k-86k zone ready to push it back to 106k at least.
If I want to enter this trade, I would await the selling volume to dry off after that 89k has been taken out before joining.

No one really knows, or should I say I don't know where the selling would stop, but a weak selling volume after the lows have been taken out is my signal to enter long. So stay tuned as I would keep anyone interested updated.

Guten Nacht.

geedot:
The selling volume keep dwindling, yet price wouldn't move up as it should for the past 5days now. Just ranging and swinging between 93k-99k. That's way too small a move for a daily timeframe analysis.

The past 14 days volume delta candles have only had 3days ending bullish, the remaining 11 have all been bearish, yet price wouldn't tank down. What does this mean? It means there are lot of buy orders consuming the sell orders, the reason why price wouldn't drop despite all the aggressive selling pressure.

The buyers most likely have their stops beneath that 93-91k, if the sellers are able to push price past there, their stoplosses is going to flood the market with lot of sell orders which should tank price even lower to 88-89k where new fresh buyers will be waiting.


So what I expect Btc to do is some downtown shopping for uptown business. The lows at that 88k will need to be taken out before heading to 106k. For price to keep whipsawing back and forth, it only means the professionals are currently not involved, that's why the buyers and sellers have evenly matched one another. Their volume is not enough to move price far enough before it gets countered.

Forecast: For long term buyers, wait at 88k to enter long, price will visit there soon, I can't really say when, but before the month end it should, or latest first two weeks of March.

Y'all remember this forecast, seems BTC is ready to take out the lows @90-89k before the month ends as anticipated. Let's see if tomorrow daily candle can finish the downtown shopping so the the uptown business can resume.

Adasun:
Ok...I doing ok.


I am reading the book for the second time now...I also downloaded three of books he recommended

Alright boss, let me know when you're done reading.

Adasun:
good morning, was the pics taken down? i saw nothing

I had to take it down for personal reasons brother. How have you been?

Mirallas:
Please what are the best crypto trading platforms where I can daytrade. With diverse crypto options, good spreads and trading conditions

If you're still asking this question my friend, day-trading will swallow you alive. Take a break from going live for now please.

crazymommy:
Just click the "report" button next time instead of responding to that nuisance

Duly noted!

Bet9jaVirtual:
Okay thanks.
I hope you are not planning to charge money for signals, or else we become enemies

I have lost a lot to signal providers, anybody I see charging money for signals will be declared wanted by our skurity woof woof

I don't even know what to reply you with. Sorry I responded to your quote, it won't happen again.

Bet9jaVirtual:
What coins should I buy?

I buying BNB and I have small money to buy like $100 worth of any coin

I don't give financial advice boss. But you can check the analysis I made above on BTC, if it resonates with you, you can position yourself too.

Tflex01:
Lucid, and straight to the point.

Thank you.

You're welcome amigo.

The selling volume keep dwindling, yet price wouldn't move up as it should for the past 5days now. Just ranging and swinging between 93k-99k. That's way too small a move for a daily timeframe analysis.

The past 14 days volume delta candles have only had 3days ending bullish, the remaining 11 have all been bearish, yet price wouldn't tank down. What does this mean? It means there are lot of buy orders consuming the sell orders, the reason why price wouldn't drop despite all the aggressive selling pressure.

The buyers most likely have their stops beneath that 93-91k, if the sellers are able to push price past there, their stoplosses is going to flood the market with lot of sell orders which should tank price even lower to 88-89k where new fresh buyers will be waiting.


So what I expect Btc to do is some downtown shopping for uptown business. The lows at that 88k will need to be taken out before heading to 106k. For price to keep whipsawing back and forth, it only means the professionals are currently not involved, that's why the buyers and sellers have evenly matched one another. Their volume is not enough to move price far enough before it gets countered.

Forecast: For long term buyers, wait at 88k to enter long, price will visit there soon, I can't really say when, but before the month end it should, or latest first two weeks of March.

This is strictly for futures traders. Scrolling through IG and I saw this beautiful write up which is exactly how I trade 99.9%.

Wish I could write more about this, but I'm really not in the mood.

Tflex01:
Good. Thanks.

The second 4hr candle is almost closing and I don't like what the volume is saying, the price acted how I expected as it is back at the low, but it came down with a higher volume than the previous, I was expecting a lower volume than the previous, so I wouldn't enter now as it didn't fulfill the volume criterion.

I'm still holding the long bias, I just can't pinpoint the best entry yet. Entry is everything to me, if the entry isn't perfect based on my system, I would never enter any trade.

It's better to be out of a trade hoping you were in than being in the trade wishing you were out of it.

NCANCHAIR:
I bought when it was 105k, I was hoping to recover some funds but it keeps disappointing. I almost sold when it was 93k because of fear of a very aggressive bear run. Now I’m stuck, and the Naira/$ rate has made it worst too.

This is not financial advice, but if I were you, nothing would ever make me sell it now. Especially now when majority have started doubting and panicking all trying to dump their coins, market always does the opposite of what majority or herds are doing.

They are scared and all dumping, don't be like majority because majority are always on the losing side, and only few are on the winning side. The more urge you have to dump and just lick your wound, just know that's what majority are also planning on doing too, so be different and don't be like them and hold onto it. It's Bitcoin you bought, so you are rest assured of it coming back up and smashing past your entry price.

Like I said it's not a financial advice. I'm a day trader and some of my trades doesn't even last 10mins before hitting my target, as you can see I'm not really in a right place to advise you on the long timeframe game.

NCANCHAIR:
Why is BTC dancing around 97, 96, 95k? If it wants to continue its bear run then it should go ahead or better start a bullish run make we rest abeg.

It's not dancing, we are just in a balanced market currently, the buyers and the sellers couldn't push price further before being countered with same or almost equal amount of orders.

The sellers orders are being absorbed by lots of passive long orders, the only reason why price hasn't broken downwards for the past 5days, the issue now is the sellers are beginning to give up, so don't be surprised when you see price push upwards to 100k tomorrow.

Tflex01:
You think we can short btC from here?

I'll appreciate a direct answer.

I won't advise you to short BTC right now or for the next two weeks based on the daily timeframe selling volume dying off already. I would be looking for long opportunity if I were you.

Secondly, wait for this 4hr candle in the second image to close, and the next so I can tell you if to buy and where to keep your stop if you do not mind, but that will be in the next 6hours.

Swing shorting BTC right now is suicide, it may sell later this month as the impending buy could be a retracement, I can't tell, but what I can tell right now is, in the next few days, it is long as the sellers currently are extremely exhausted.

I'm not saying you should start trading support and resistance, supply and demand whatever.

But try open your chart and see what happens whenever price fails to break the wick and close below or above of a previous support or resistance zone.

This is money, check how often it happens, and whenever price close above or below the wick of the last high or low, check what happens too. This is not random, it happens across all timeframes 24/7.

Trading is easy, it now looks as if I'm playing a game I've already completed all the stages, or watching a movie you've seen before.

You know how boring it is right? That's the stage I am now. Trading isn't as complex as some of you make it seem. Stop paying mentors, stop paying signal givers, stop joining telegram groups, go to YouTube and bury yourself there searching for that method that's gonna work for you, yes YOU.

This is a career people spend thousands of $ to get a grasp of, you're not gonna make it consistently without getting really busy and spending years searching for your own way of interpreting the market.

The market itself is an illusion!

Adasun:
no not at all, i am not a full time trader yet... just learning things frm expact here, while i engage in my airdrops...


no, they are us that take your teachings seriously... i have even gone far in one book u recommended to someone here. and i noticed your pattern stern from that man work... please don't stop. thanks. to get mentor for this space no easy.

You're on the right track, try read it from the beginning again after completing it at first, to fully assimilate the concepts better.
Let me know when you've consumed it fully twice so I can recommend a forexfactory thread for you to read where I fully harnessed my trade methodology from.

About posting, I'm done with that here, it's really time consuming posting live trade calls. I will try chip in with one or two discussions every now and then though.

Adasun:
@geedot, for some days, i didn't see your post. welcome back, did you took some time off?

Most people on this thread are hodlers, they'd prefer a longer term trade forecast than a scalp one. I had to stop preaching about Jesus in the Mosque. How have you been too? Hope you were not caught at the other side of the orderflow?

helinues:
Bro, professionals or not, crypto trading wasn't like this 2 years ago. You don't need to be an expert then to make profits.

I normally trade on 5x then, if the market is up, even if you entry is wrong, you can't reach liquidation. But the movements of the coins lately make people just so confused.

Someone talked about trade copying yesterday. He said he took his time to search for someone with good ROI eventually the guy chopped liquidation with the copying. Are you saying the guy he copied is not a professional to have such good records?

Crypto lately will mess with your psyche

I think I read about it, some of those guys offering copy trading usually don't use stops, the poster made mention of it, so what do you expect to happen in such situations when the buyers were consumed by the sellers with no return in sight?
They are just scared to be wrong and to also maintain their high hit rate.

I don't trade crypto, but I've been dropping signals with tight stops and only once did the stoploss got hit out of how many, more than 10 I guess.
Trading is trading, it doesn't change in my opinion. What changed is, your strategy has stopped working on this current market condition.

That's why I said, if you really understood the rudimentary and fundamental of trading at the basic level, and as a course on its own, chaos theory etc. People pay thousands of $ to study this, and you think with few YouTube videos, ebooks, etc you can compete consistently for years against them? It won't be that easy.

Trading doesn't change, maybe the ADR changes along the years, but trading? Doesn't change, market is doing what it's meant to do,matching buyers with sellers, moving up and down.

Lot of funds have moved from the forex world to crypto market, the awareness has increased, so there are bound to be changes, how drastic is what no one knows, but there surely will be.

helinues:
You don't need to be rude to proof your points. We are all here to learn

I'm sorry I came at you like that. The real professionals in the trading world are not on telegram, WhatsApp, Twitter giving signals.

Those ones you're talking about that couldn't post all these while are just someone like Grace, Ilegend on our nairaland here, heck I would even do better than most of them if I ran a signal group.

When I saw you referring to those ones as the professional I was talking about just offed me. No vex brother.

helinues:
So in short , the market is only meant for the big boys right? Even the professionals that used post signals have stopped for days now as they are also confused more than the weather.

The dropping of some coins is actually deliberate which only insiders can make profits from. No one can beat his chest that Btc will go down the way it does today

I don't expect you to know much about this, as it's way above your current trading knowledge. Like I said, people should stop being a bad loser, When market pumps up so bad, no one screams manipulation against those shorting, so why would they scream manipulation only when they are at the losing end?

XaToXi:
Is this tutorial for me or someone else?

It was the images on that your post I quoted that made me write, and yes, it was meant for you too.