ILegendd's Posts
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psalm68:Did long time ago, but reduced the color, but have brighten it now. |
So far, option A is leading...
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bellocity:You always ask me a question and when I reply, you don't follow up — making me look stupid for even bothering to reply. |
I want to share a certain info I have been keeping to myself because it's too good to be shared, but felt I should. After bull market comes a one year bear market. There is more money to be made in bear market than in bull market. If you look at the image below, where the arrows are pointing, you'll see two green channels. Yes, they are bear market top and bottom range. Using the 1 week TF, no candle ever closes below or above the two channels. Every pump and dump must happen within the channel. If you know how to draw it ahead of time before bear market starts, you'll know when to long or short in any bear season. It took me some brain work to calculate how to draw it ahead of time. For 2013 Top The first line starts from July, 2013 (top red line) to December 2014 (bottom red line). The second line starts from the month the market topped, mostly November or December to July 2015. For 2017 Top The first line starts from July, 2017 (top red line) to December 2018 (bottom red line). The second line starts from Nov. or Dec. 2017 to July 2019. For 2021 Top The first line starts from July, 2021 (top red line) to December 2022 (bottom red line). The second line starts from Nov. or Dec. 2021 to July 2023. For 2025 Top The first line starts from July, 2025 (top red line) to December 2026 (bottom red line). The second line starts from Nov. or Dec. 2025 to July 2027. If you're a newbie, this info might not be for you cuz you may not get it. If you understand it, click like. If you don't, click share so I can explain again. While everyone is focused on bull market, I'm already plotting graph for bear market even though it's in 2026. It's good to think ahead.
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Why do I use a parallel channel for my trendline? It's because it gives me 3 points to buy or sell. Best buy or sell is at the middle, the dotted line. If you're patient enough, you can wait for the last line, but are you sure it'll get there? To avoid regrets, I take action at the first point or the middle. Some of you are still using single trendline. That's old fashion.
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Lots of lessons here. Picture yourself in this situation. I can already feel how it felt. https://www.youtube.com/watch?v=HTL5Csb-Q-o?si=SVn66NUMN3mZL8zt |
Hmmm Eth my guy. It's time to short you sha. If you liquidate me, I short again and again. If you want me to draw this ETH chart on our general Tradingview account, click like.
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Team option A, but more prepared for option B. I don't want be caught in a black swan unaware. Prepare for the worst and hope for the best. Your personal decision in crypto is more important than what any guru on YouTube or Twitter will tell you.
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Softmirror:Your reply isn't articulate. |
Softmirror:Whenever I see Google logo back then, I used to laugh. It looked too colourful = childish. But today, Google is among top 10 companies in the world and if you check my phone now, you'll see at least 5 apps owned by Google. I'm not in support of any party, but I just wanted to let you know. |
There is one thing people that hate on me don't understand about me when it comes to crypto. I was deep in fundamental, macros, on chain analysis, technical analysis and day-trading. One day, after years of research, I realized those who buy and die are richer than those who are desperately trading. Imagine how rich all the dead people who bought BTC in 2010 or 2013 would be. Also, I realized keeping up with American news is a waste of my energy and MB, hence, I decided to simplify BTC for a 7 year old to understand. Does FOMC report move the market? Yes, but looking at weekly and monthly chart, knowing the season of the cycle we're in and how they behave while factoring in black swan in all you do is what you need. And yes, patience! There is a quote I once heard and it's along the line of, "In times of crisis or panic, institutions don't respect trendline." But does this mean we should ignore it? No. The image I posted above, in fact, let me post a new one. The first line is 127k with dot (remember I spoke about this some weeks ago), the middle line is 135k and the top line is 142k. These are good places to short if it breaks the purple line above. Are we going to hit those three spots? I wish we do, but let's get to 127k first before I'll up my wish.
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monikulapo:GLEBOSS For other alts, it's few and I have abandoned them in exchanges for long. I don't even know if they've been delisted. I'm only proud of talking about BTC and top 10. Any other thing, I don't like mentioning them again. |
Looking at this image below, even the blind can see that we're heading to the yellow dot at the top this month, then down to the one at the bottom next month. That monthly hammer head candle is now looking like a dragonfly doji and it's a sign there is an upward momentum. So, heading to the upper yellow seems more feasible, but as we all know, I don't control the market, hence things can change based on global tussles or pandemic like chikungunya, ebola, COVID, etc.
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Do some of you ever check the 1 month TF? For me, I have a top and bottom trend line which helps with this year's local top and bottom. The image below is my personal Tradingview BTC chart. The two ascending yellow lines are important in knowing all the local and final tops, especially the one above. I decided to replicate that monthly trendline in the Tradingview account I created for public use. Though, I used green at the top and red at the bottom. When you login, select BTC and change it to 1 month TF and you'll see the bigger picture of the market. Dwelling in lower TF (1min to 1hr) is a sign of desperation except you're scalping. I used to do it, so don't get me wrong.
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If you want BT to deliver a lecture and improve our lives, hit like. Tin... ubu said it's not rocket science for Nigeria to have 24/7 light. Now it's his turn to deliver on what he used to criticize during Jona's era, he... ![]() I'm always a better player than Iw.obi until they put me his position to play and I'll do 100x worse than him. BTC is the king. Mama BT, we love you and we're waiting for your professional lecture. We go wait taya.
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As I have said before, you must know the setup you're trading. I recommend only A+ and A, but for me, sometimes, I try B+ and even B setup. They're risky, but you can still succeed with them if you have enough experience and only doing it with money you can lose and not feel depressed. I spotted a channel early on and decided to stick with it till BTC hits 127k but since it has refused, I swing-traded the yellow and red channel for the mean time and it's been favouring me. One thing you should know about BTC is, it's built to increase in value. Dumps are just corrections to give a good entry for others until the cycle is over and we reset. The first image was the day I was hoping it'll hit the yellow channel, but got disappointed. Today, after 2-3 days, it did and I sold 90%. I may short, if it gets to 119.7k or 121.6k. Why? Later... Crypto is easy if you stop day-trading and focus on swing or investment. Develop your system and you'll be glad you did. Don't forget, always know the setup you're trading. The market will always reward a patient specialist even though you won't win every time, but at least, your wins are better than your loss.
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Verbtips:The physical one? Like Dangote and co? Yes. For the digital one, your profit will come only during conflict. |
A time will come when I'll avoid any financial institution that is 100% controlled by America like PayPal and co. I'll mostly use ones that have some Nigerians in the company or owned by honest Nigerians. I forgot I had my Grey verified long time ago, but I still received my last month's royalty via PayPal on the 2nd of this month. PayPal immediately took a huge chunk as fee and I'm going to lose another huge chunk, bigger than what PayPal took, to get it to my Bybit. I didn't know with Grey and Cleva, you can send directly to your crypto wallet at a tiny fee and via USDC for Grey and USDT for Cleva. Also, verifying my account and getting my USA account number took less than 20 minutes from both platforms. I pray they don't frustrate me when it's time to use them. By the way, Geegpay has a slightly better rate, but no crypto option. The second best rate is Grey, but has what I'm looking for, the crypto compatibility, just like Cleva, which is ranked 3rd.
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DieRich5:Naija no longer allowed on the site. I'm using my US LLC business details. Lots of sites I recommended to Nigerians in the past, they've destroyed them and Nigerians were kicked out. I hate to hoard update, but Nigerians have made me to. Even the people that promise me not to expose info I give them end up doing worse. |
Maybe, before I wake, it might get there.
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Verbtips:A silent crypto investor who is also a farmer is the best combo. Best of both world. In 10-20 years time, GMO will take over Africa. It'll be forced on us by the whites whether we like it or not just as they did with religion and the seeds are not free, but will be free in the early stage of adoption. A black man can't say no to the white for up to 2 decades without them using our corrupt leaders as loophole or sanction to penetrate us. If the US threaten Tinubu with his old DRG case, else no reelection, he'll succumb to whatever they want. It's time to produce your own food and live healthy. Your reply implies you see farmers, including Obasanjo and Amechi, who are also farmers, as poor people. BTC |
Verbtips:No idea on this topic anymore. Only crypto for now and I'll soon retire from crypto and focus on farming. |
bellocity:I didn't say so, but how did you come up with 145k? |
psalm68:Don't make Back-Turner get jealous. All these praise you people shower me can hurt him o. No talk say I no tell you. Once in a while, you people should have a special day to thank, praise and worship Mama Back-Turner so that the equation will be balanced, else, the jealousy will continue. All praise goes to BTC and Back-Turner, the inventor. |
End of lecture. I'm the CEO of Only....F an. Peace out. Let me take a nap. |
Let me just create brand new images using The Wall of Jericho indicator so that you'll know it's the same as the images I posted above.
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The 200 SMA Market Top Secret If you put on 200 SMA indicator and choose 1 week TF, when that 200SMA line is at the same height/price as the previous market top, that is the top for the new season. In image 1, the top of 2013 is $1.2k. With this info, you can use the 200 weekly SMA to know the top of 2017. Also, you can use 2017 to know the top of 2021. And on it goes. This year, we're going to use the top of 2021 to know the top of 2025 and that is when the 200 weekly SMA hits the price of 69k. It's currently at 51k. That red line is 200 SMA and it's the same thing as the cyan line at the middle of The Wall of Jericho green channel I posted earlier. Refer to the 3rd image. When 2017's 200SMA hit 1.2k, being 2013's top, that is the top of 2017. When 2021's 200SMA hit 19k (previous cycle's top), that is the top for 2021. If you're confused, let me know and I'll explain again.
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It has already gotten out of hand and the government doesn't care that much as usual. |
Let me find time and type my lecture joor. |
One advice I want to give you guys is, work smart. Out of everyone who has graced this thread, iLegend is the only one dropping a series before he leaves. By 2030, every Nigerian middle class will be poor. Try not to be among them. When that year comes, middle class will no longer exist. It's either you're rich or poor. If you care for the future of your great grandchildren, you'll do things that'll generate income even 70 years after you're gone. Things Fall Apart by Achebe will forever generate money even though he's gone. This is why I created the iGLEBOSS where i = intellectual property G = Gold L = Land (farming and real estate) E = ETH B = BTC O = Oil S = Sol S = S&P500 What I'm doing here on this thread, turning my posts to bks, since they said they don't like it, is worth emulating. I have done it before in Ro... mance section and during that period, they at...tac... ked me even more than I'm currently being atkd here, but who's smiling at last every single day? Me! And even if I die now, family will keep getting paid. They won't know I went through abuses to attain that height. This is why everyone must respect their father's efforts, for they went through a lot to achieve some things. Summary: If you know you're doing something great for free and you're getting attkd, don't stop, a time will come when you'll get paid for that same thing. Don't forget, by 2030, you'll either be extremely wealthy or extremely poor, so use your time wisely and be focused and patient. Also don't forget, some are born to be great, others are born to att.ack the great.
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After your setting is done, look at that circled line, at the middle of that green channel, it's what the short lecture will be focused it. It's just a 2-minute read. Typing...
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