ILegendd's Posts
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Lecture 2 will be how to use CoinAnk to get secret info. You'll thank me for this. Drop a like if you want me to talk about it. |
If you followed through our Funding Rate lecture and the update popped up on your screen, you'll know what to check and do to see if it's worth taking action on.
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LincolnOnyeabor:If it's uptrend and it pumped 10% in a day, that means I have already bought last time, weeks or months it dumped 10% in a 5 green day at a good support, so it's a sell (at a resistance), then short, as long as volume is going down while the pump is happening = divergence. (Price up, but volume low). If both volume and price are up in an uptrend, then I won't sell, but monitor the trade and global sentiment. If the 10% is a dump, at a strong support or MA, then it's a long. I add one or two other confluences to make my final decision. |
Born2conquer:Especially 97.5 to 98.5k. |
FUNDING RATE DETAILED 5-6 YEAR OLD EXPLANATION When funding rate is negative (red or -), price will be dragged up by enemies of progress (longers and exchange). Why? Because shorters are making so much money. Longers and the exchange get jealous and push it uptrend to liquidate shorts and still get paid by shorters. The longs + exchange are trying to help bring the futures price back to green or at least neutral (spot price) while getting the funding fees that shorters are paying... When funding rate is positive (green +), price will be dragged down by enemies of progress (shorters and exchange). Why? Because longers are making so much money. Shorters and the exchange get jealous and push it downtrend to liquidate longs and still get paid by longers. The shorts + exchange are trying to help bring the futures price back to red or at least neutral (spot price) while getting the funding fees that longers are paying. Tip on who takes the funding fee: Whoever was winning before the table turned will pay the one who turned the table. This is why everybody wants to be a table-turner — so that they can be paid. If shorts are winning (red), longs will pump it to turn it to green because they will take the funding fee and still make a profit from the uptrend. Even the exchange will make profit from liquidation of shorts. Win-win for the longers and the exchange. Vice versa is also applicable against longs. FUNDING FEE EXPLAINED Funding fee is like a bribe the exchange gives longers from the shorters' wallet, so that they’ll help pump the price to liquidate the shorters, or at least make them sell their positions at a loss to bring the price back to neutral (spot price). When these shorters sell their large positions at loss because price keeps going uptrend against them, it triggers a quick spike to the upside, liquidating the high-leverage shorters in seconds. Their fellow shorters (the ones with large positions) who couldn't hold on caused their own liquidation — with the help of all the longers ready to buy it just to push the price up. Vice versa for shorters against longers is also the case. This means the exchange doesn’t have a permanent friend. They go for what will favor them — and that is liquidation of both longs and shorts. In futures trading, exchanges don't want you to win alone, except they're winning with you. After they've won with you, they’ll want to win against you with your enemy. And the cycle continues. Key point: Whoever comes to help the exchange turn the table always gets paid by the first occupants of the table. This is why everyone wants to be a table-turner. Simple summary: Positive funding? "It must go back down or neutral," says jealous shorters + exchange. Negative funding? "It must go back up or neutral," says jealous longers + exchange. DEEPER EXPLANATION ON FUNDING RATE CONDITIONS If funding is positive (+) on a downtrend, it means longs are struggling and under pressure to hold their positions or run. It means they keep buying while it dips, hoping it goes back up. This behavior can trigger a spike on the downside because eventually, they’ll give up and funding will finally turn negative. Vice versa is also applicable. I don't know if I have confused you. If yes, reread. I wrote this in 2023 or 2024, but posting it today. CHATGPT'S EXPLANATION (FOR 6-YEAR-OLDS) Question: Explain how BTC, Crypto funding rate works as if I'm a 6 year old and its importance of use to a futures trader? Answer: Alright, imagine you have a playground where kids bet on which toy is better: a robot or a doll. Some kids think the robot will win, others think the doll will. To keep things fair, there’s a rule: If too many kids are betting on the robot, they have to pay a small fee to the doll kids, and if too many bet on the doll, they pay the robot kids. This fee is called the funding rate. Now, in the world of Bitcoin and crypto futures trading, people make bets on whether the price of Bitcoin will go up (longs) or down (shorts). If there are too many longs, the funding rate becomes positive, and they pay the shorts. If there are too many shorts, the funding rate becomes negative, and they pay the longs. Why is this important? For a futures trader, the funding rate: Shows Market Sentiment: If it's positive, more people think prices will rise; if negative, more think prices will fall. Helps Make Decisions: Traders can plan whether to go long or short based on this sentiment. Earn Extra Money: By holding positions when others are paying funding fees, you might earn a bit more. It’s like knowing which way the playground is tilting and using it to your advantage! Question: In summary, the less followed direction or option gets paid, right? Answer: Exactly! The less followed direction (the minority side) gets paid by the majority. If most traders are betting on prices going up (longs), they pay fees to the fewer traders betting on prices going down (shorts), and vice versa. This keeps the market balanced. Question: What is the rate like? The value in number or percentage. When is it too much, too little, available or neutral. Give examples. Answer: The funding rate is typically expressed as a percentage, representing how much traders in one position (long or short) pay the other. Here's how it works: Rate Range: Normal Range: Between -0.01% and +0.01% every 8 hours (common on platforms like Binance, Bybit). High Rates: Exceeding +0.05% or -0.05% is considered extreme, signaling imbalance. Too Much or Too Little? Too High: Example: +0.1% funding rate = longs are paying heavily = excessive bullishness = potential reversal down. Too Low: Example: -0.1% funding rate = shorts are paying heavily = excessive bearishness = potential reversal up. When Does It Apply? Funding fee is charged every 8 hours (e.g., 00:00, 08:00, 16:00 UTC). If you close your position before the funding window, you avoid paying or receiving it. Examples: Neutral Case: Funding = 0.003% → Small fee, balanced sentiment. Bullish Extreme: Funding = +0.08% → Most traders are long → Risk of correction. Bearish Extreme: Funding = -0.07% → Most traders are short → Risk of reversal upward. Key Takeaway: High funding rates often predict reversals! Smart traders watch them carefully to time entries and exits. Question: So, when is the best time to enter long or short using funding rate as an indicator? Answer: Best Time to Enter Long: When funding is negative (e.g., -0.05% or lower). Market is overly bearish → Potential for a short squeeze and price rebound. Best Time to Enter Short: When funding is positive (e.g., +0.05% or higher). Market is overly bullish → Potential for a long squeeze and price drop. Tips for Using Funding Rate Effectively: Combine with technical analysis (support/resistance, RSI, etc.). Watch for extreme funding, not neutral. Avoid blindly following trends when funding is extreme. Example Scenario: Long Entry: Funding Rate = -0.07%, heavy shorts, near support → Buy to ride the rebound. Short Entry: Funding Rate = +0.08%, heavy longs, near resistance → Sell to ride the dip. Key Insight: Funding rates reveal overconfidence — trade against the crowd at the right moment! Question: Analyze these funding rates and tell me what I should've done: Funding Data: Funding Rate Last 3: GLMUSDT -1.3069% POWRUSDT -0.7895% RENUSDT -0.7663% Funding Rate Top 3: AKTUSDT +0.1191% 1000WHYUSDT +0.1176% 1000CHEEMSUSDT +0.0829% Answer: Analysis: GLMUSDT, POWRUSDT, RENUSDT: Very negative funding rates → Traders overly bearish → Potential for a short squeeze (price could pump). AKTUSDT, 1000WHYUSDT, 1000CHEEMSUSDT: Positive and rising funding rates → Overcrowded longs → Potential for price drop (long squeeze). What You Should Have Done: Long the Last 3 Tokens (GLM, POWR, REN): Benefit from a possible short squeeze plus earning funding fees from shorts. Short the Top 3 Tokens (AKT, 1000WHY, 1000CHEEMS): Capitalize on over-leveraged longs getting liquidated, with price falling. Risk Management Tips: Confirm with technical analysis. Use moderate leverage. Set stop-loss to protect against sudden moves. END This is not the raw post, but a ChatGPT summary. |
Born2conquer:We only predict, we don't control the market. From experience, there will be a pump to almost 100k this week, the earlier, the better, just to get everyone excited, then comes correction to cause panic. |
The Short Squeeze — The Impatient Shorters and the Aggressive Pumpers. To lay a solid foundation, I asked ChatGPT a question so that it'll out all the best places to get the data below is what it said: How to see the number of people shorting BTC Vs long? Answer Good question. To see how many people are shorting vs longing Bitcoin (BTC), you mainly have a few options: 1. Long/Short Ratio Many exchanges show a Long/Short Ratio (sometimes called “Sentiment”) for BTC. Examples: Binance Futures → "BTCUSDT Long/Short Ratio" section. Bybit → "Long/Short Ratio" in their analytics. Coinglass → A public site that aggregates data from multiple exchanges: coinglass.com → Look for “BTC Long/Short Ratio”. 2. Funding Rates If funding rates are positive, it means more people are longing (long bias). If funding rates are negative, it means more people are shorting (short bias). You can check BTC funding rates on sites like: Coinglass Binance Futures dashboard Bybit Funding Rate page. 3. Open Interest (OI) Open Interest shows how many positions (both long and short) are open, but not the exact number of longs vs shorts separately. However, rising OI with price rising = bullish, rising OI with price dropping = bearish (generally). --- If you want a direct live feed, here’s a simple way: Go to Coinglass Click "BTC" → "Long/Short Ratio" You’ll see it across multiple exchanges, both Global Ratio and Exchange-Specific Ratio. Summary: Long/Short Ratio = shows percentage of longs vs shorts. Funding Rate = shows the dominance of longs or shorts via payment. Open Interest = shows how much money is in futures contracts (but not direction alone). Would you like me to also show you how to put a BTC Long/Short Ratio indicator directly on your TradingView chart too? (Very useful!) I can even give you the script if you want. Typing...
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I saw this post on Binance and I want us, future traders, to look into it. Read the image first and wait for my update. I'm afraid I'll get banned because some numbers will be mentioned and NL bot is too aggressive nowadays. This guy said he saw FIS coin was in gainers section and noticed lots of people are shorting it prematurely, way more than the long positions, so he knew the exchanges will soon pump it to liquidate them and make profit and he immediately entered a long position. Now, I want to teach you how to spot this, but note, it's risky and most times, when you'll want to act like him, hoping it'll turn out like ALPACA, the dying pumper, might be the day the shorters will win the fight and it'll dump instead of pump. Let's title it: The Short Squeeze — The Impatient Shorters and the Aggressive Pumpers.
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Valwezzy:I hedged, but will close one side depending on how sentiment swings. I'm more into trading after BTC has done 10% pump or dump in a day. The one I'm doing now is called gambling, not my main trades. My main trade is alway after 10% in a day. I don't care the direction. My weekly trades are entered on Monday, Tuesday or Wednesday. I haven't done those yet. We still have 2 days left. |
Now I can officially write epistles without worrying about who reads it cuz only my fans will. Any hater who complains is a depressed admirer. What happened to the block button? Am I too addictive to be blocked? ![]() In cases like the image below, when direction is 50/50. It's either you take the risk and pick a side or wait for some days or weeks for a side to pick itself before you rejoin. Whenever I'm not risking something in the market, it's always too slow.
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To those who find my post lengthy or annoying, God has done it for you. There is block button now. Every week, you renew it. No more complaining. With this, you only see posts from people you like and this will eliminate or reduce unnecessary fight and abuse. Failure to do this, your life is boring and you secretly like the drama to cure depression. The truth hurts. Dollar gained some weight yesterday and when I saw it, I entered a short at 94.4k and it looks like it's paying off.
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BTC has done wonders from 15,000 to 100,000 without QE. My question is: If you do wonders on your own without your dad sponsoring you cuz he's a deadbeat dad (QT). Do you really need him again if he resurfaces to take responsibility (QE)? To me, I don't, but his presence will fill in the remaining tiny void. Therefore, the Yellow Top we had months ago is enough for people like Warren Buffet. He'd sell everything or 80% and rest while preparing for a short months later after the market has pumped without him. When you can swing both ways, you won't be scared of missing the final blow-off-top of a bull run after you've left with more than 95% profit of a trade you entered in bear market 2-3 years ago. |
I want to give you a tip that does not make sense, but will in the end. You can restrict your YouTube search to bring result from the year you want. If you want to watch BTC update analysis posted in 2013 to hear the thoughts and predictions of those people and check if they came to pass, you will. Yes, that is what I always do. I go back in time and rewatch videos of gurus of those years and pay attention to their predictions and projections. In the end, I learn more than current videos. Why? They predicted the future, but now I'm with the future to crosscheck how right they were, lesson to learn if they were wrong and how I should do it or prepare for it when a similar situation presents itself. Doing this from beginning to 2025 has taught me A LOT and this is one of the greatest confidence boosters. You now understand the limit things can go and when your yes, is your yes without asking for anyone's input. We understand history doesn't 100% repeat, but as long as some elements rhyme, we're good. Example: In the image below, I divided my screen in two, video top and chart bottom. Since that year was March 2020, I went straight to the exact place on the chart to follow through as I pretend we're still in 2020. I took notes. Fantasy almost killed me imagining if I had entered a giant leverage after that COVID crash at 3,850 Dollar. Summary: watching old videos and following through your chart will teach you more on emotional control and how you should handle it next time. Give it a try, but I know most people won't.
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iLegendd:The above is the reason most gurus or experienced people you know in 2021 no longer post. They've seen the worst side of alts and memes and know when to switch to them, but they're with BTC and there's nothing new to talk about it, hence they decided to keep quiet and become 90% investors and 10% silent traders. They now have a long-term view of the market and not just instant gratification or frustration jumping around brings. They see clearly now and you too, will get to that stage. So, this is why you don't hear from them and most in this season will do the same in the coming cycle. They'll only post once or twice a year or not at all because they've finally found peace in patience and the bigger picture. |
After years of relentless research, I can confidently say there is no new info in crypto, especially BTC. It's all regurgitated data presented differently. By the way, retest will be 87.5k while red vulture will be anywhere from 80k or down to 70k dump in a day. It may not happen yet, but must happen before the final parabolic moves. This is to say, if we pump from our current 94k, it's fake.
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2 penalties in 2 mins, but ref didn't give any. I thought the Vadrid they call them was for fun, but now I understand. |
JoeEeL:So, you guys don't know Tiktok shows live matches? Multiple people stream them and if the live terminates, you join another one. |
I practically reduced or stopped watching this guy's video, but I'm glad I watched this one. I now see the M2 money supply differently and I need to make some adjustments. I'm happy. The M2 section is from 10 mins and it's the part I love about the video. His M2 offset is 12, incase you want to follow along. In the indicator he gave, check the settings and change the 0 or 70 to 12. https://www.youtube.com/watch?v=bNQUQQscaiI?si=QwTwMmNsdlM5kdDf |
Adasun:Your point is valid, but I also thought of how someone made a post on X about Luna going to zero and he shorted it with just $100 or was it $1000 or $10000 at high leverage and made millions. His conviction was 100% but most didn't believe him. This was what I thought and decided to close it. The person spoke with so much passion and anger and it influenced me to close the trade. Lesson learned. I can't even believe a rigid person like me (when it comes to rules) fell for it, but at least, I still made profit. |
One week timeframe and patience are among some of the greatest secrets I have found in crypto. I feel bad I closed my WLD trade I bought at the bottom, around 0.58+ and now it's $1.2. I went on Binance and read a post of someone saying lots of bad things about the coin (yeah, I know it has a bad tokenomics) and how it'll be delisted in the future because Altman, CEO of ChatGPT, is doing this and that and some countries are banning his WLD ATM blah blah blah. He spoke at length and I sold my WLD at 0.65. I projected to sell at 1 or 2 Dollar and that would've been lots of profit. The moral of story is, no matter how strong you are, you can be influenced by things you read online. Since we're all going to depart this world one day, there is no need reading every "words" you come across. An argument is happening up there, but I just skipped all of them. I have learned my lesson from the WLD guy. Better skip or get sucked in by emotions. I sold out of emotions. Make God punish that Indian guy wey make that post. Anyway, it's part of the process — you can't win all. |
Chilipepper:Higher timeframe trades have minimal losses that you might not want to consider a loss. Also, if it's turning to a loss, it creates an opportunity for a better entry with another account, which recovers the minimal loss. A pride of lions don't lose fights easily, but that doesn't mean once in a while, one of them won't sustain injuries or die in the process. |
For my weekly trading strategy, Friday against Saturday is my sell day, so I'll do it 2 hours from now. My strategies are boring and mechanical, but they work. |
Tolumiide:Sorry, it would be hard to retrieve, but keep trying to see if they'll reset your account. Just disturb them. |
Tolumiide:Is the 2FA Google? If yes, I though they have a backup system. |
SINisSIN:Shorted it at 200+% and haven't closed yet. |
LincolnOnyeabor:Yeah, volume is the boss. From info online, it works on Forex, but not as effective as crypto and others. Forex guys will surely find a way to work around it. |
To the government, she's just a woman and deserves more bullet, but if she wasn't a Fulani, they would've started investigating. |
Just watched this video and noticed this guy has exposed my style and one of my best strategies. He needs to be arrested. Too simple, too effective, but requires patience. https://www.youtube.com/watch?v=EBsjqxEXdy8?si=RkBGawGNIJ8F9sCt |
digits69:Each writeup will appear in a book series and when it happens, some may not be able to afford it, so this is the only way for them to read the unwritten book in its raw form. Every kindness has an agenda and most times, that agenda is the motivation. |
The image below is the battle going on. Institution vs exchange. Institution bought at 80k down to 74k and now, they want the market to go to 99k or above 100k, but exchanges want the market to crash to 78k because there is more billions to be made if they dump it to 78k or even lower. If it goes to 100k, exchanges will make less, but 78k, they make more on liquidation. All I know is, they'll smartly orchestrate it where both will be achieved so that both longs and shorts will be obliterated. Wicked people, but it's fun if you understand their game. They're just waiting for a catalyst to pull the triggers so they can blame the pump or dump on that thing.
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Anyway, it's part of the process — you can't win all.