ILegendd's Posts
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Hadizometer:A man and a woman you see smiling today might end up being separated 3 weeks later. Crypto is an industry where a brand new update can change trajectory. Your moniker doesn't look familiar to me, so you're probably one of those who aren't consistent about crypto update. You came, read what I posted, disappeared and came back months later to remind me. Show proof where I said it so that I'll go reread what I wrote and learn from it. Also, did you read my update, which I created a thread for on the 9th of February? And I spoke about June? https://www.nairaland.com/8338318/crypto-must-read-those-crypto#134070030 Below is a repost: Fed nears QT crossroads as 'excess liquidity' evaporates |
Valwezzy:I watched Jay's playlist of 9 videos yesterday. Nothing new, but if you're new to volume, it's okay. He's just an overexcited black American who probably stumbled on volume and trying his best to teach it. Watch the playlist and get an idea of what he's saying. He's all over the place and kinda annoying to listen to, but you'll get the idea of what he's trying to say. https://youtube.com/playlist?list=PLHs5Mo8IgaUimfgupQCYW33QVnV57xZAl&si=cmuXVzMR4OpJ2oAk |
geedot:Not really into movies, video games, etc. Even football, I wasn't into it until Mikel joined Chelsea and I was forced to love the game, but I'm out of love now. That by the way. Your story sums it up. It's good to taste all (I did too) and finally choose your medicine. For me, volume was the answer and every other is bonus. If BTC is king, volume is the kingdom. My 5 go-to volumes are 1. Volume Spread 2. Volume Spike 3. Volume Profile 4. Volume Delta 5. VWAP and normal volume (bonus) With these 5 things, even the Devil can't stop you. 1 or 2 of them is even more than enough. You'll be ahead of almost everyone. If you add patience to it and multiple accounts as backups, then you've won the battle. For your boss, I understand him. Before he started using the indicators, he had already mastered trend, names of all kinds of candles, their purpose, and every other TA-related terms and how to use them. He knows the foundation, but chose to switch. The indicator is more of a timesaver and for multiple confirmations. I also understand that olden days pros hate indicators because it makes them look amateurish as if without these indicators they can't do anything. It's just like how graphic designer are not happy everyone can now use AI to do magic. I was almost like that, then realized whatever will save me time is allowed as long as it doesn't distract me. I no longer want to be seen as a pro, I just want my money to keep re-pro-ducing. Anyway, great experience you had there. My main strategy is volume, multiple accounts and waiting for the big boys to dump or pump the market 10% in a day, then I'll swing in like a red vulture to see what I can steal with the help of trend, the cycle we're in and volume. |
SmallDick99:It's never rosy for a solo-newbie. Even if it is, it's always short-lived. Those who feel the pains learn the fastest as long as they're dedicated. |
SmallDick99:Got in, watched a 20 mins vid on YouTube. Nigerian banks and crypto were still friends, so I moved small Naira from bank to exchange. Few minutes later, it turned to lots of money. I was excited. I withdrew 37k (price of a huge goat at the time). I bought one 🐐, slaughtered and enjoyed as the market pumped. Emotions so high, joy upon joy, but months later, the frustration sets in. Dump dump dump and my money vanished. Why? Greed and lack of knowledge about the 4 year cycle, bearish divergence, and most importantly, lack of knowledge about volume and other things in-between. I consumed thousands of YouTube videos (even ones uploaded 12 years ago from early adopters, read hundreds of post, etc. It was just too overwhelming. Lots of shillers and deceivers like Bitboy crypto, etc. that always promote sh!t coins they've been paid to advertise. I got better after navigating lots of dirt, then decided to try future, but wanted to fail first to see how it feels to be liquidated. I did and blew the account. Then learned why and improved from there. The goat I ate made me realize there is actually real money in this industry (at least I have tasted it with my mouth), but there is something missing. I was already addicted, so I couldn't leave even when I lose. Years later, I found out the missing puzzle was just patience and solid strategy — which patience is the most difficult since it's a two-sided thing and full of emotions. Sometimes, you'll regret being patient and call it greed, other times, you'll regret being impatient because it pumped after you've sold. Now, finding a balance is key. What can you lose and what can you not lose? Later on, I became a diligent specialist in BTC after encountering people like Benjamin Cowen and Steve of Crypto Crew University. They're focused on the full package, not quick cash. I won't lie, I have watched almost all crypto-related videos on YouTube, but now, I have a mind of my own from experience and if I write a story book on crypto, it'll be the funniest with lots of wisdom and lessons, especially on patience and not listening to 99% of crypto YouTubers' words and avoiding too much noise. The answer is on the chart while the news is the manipulation, which also ends up showing on the chart, hence, focus on the chart, the cycle you're in, your strategy and less on news/noise unless it's Fed and macroeconomics-related. The market rewards a diligent specialist. The end. |
Shorting BTC from the top of the market to bottom is better than longing it from the bottom of the market to top. How? It takes only 1 year for you to close your trade and take your profit, but for long, it takes 3 years and this 3 years is full of ups and down and lots of dumps. iLegendd: |
maybet081:In crypto and broader financial markets, we have right or left-translated cycles. It's a concept used in cycle analysis to determine the strength and direction of a trend. They're particularly common when analyzing market tops and bottoms in recurring price cycles. If the top happens early, it's left translated. If it's late (Oct, Nov, Dec. or even January of 2026), it's right translated. We have a 4 year cycle and in this 4 years, 1 is for bear market while the remaining 3 is for bull market. So, we're in the 3rd year of the 3 years allocated for bull cycle and soon to enter the 1 year of bear in 2026. To simplify it: 1. Right-Translated Cycle Definition: The peak (top) of the cycle occurs after the midpoint of the entire cycle duration. Implication: This typically indicates a bullish cycle. Price spends more time rising than falling. Example: If a cycle lasts 100 days, and the top happens at day 65, it's right-translated. Interpretation: Bulls dominate for a longer portion of the cycle. The decline is shorter and less aggressive. 2. Left-Translated Cycle Definition: The peak occurs before the midpoint of the cycle. Implication: This is generally bearish. Price rises briefly, then declines for a longer duration. (E fit still recover and hit a new top as it did in 2021 and the name will change to right-translated) Example: If the top happens at day 30 of a 100-day cycle, it's left-translated. Interpretation: Bears take control early. The downtrend is longer and possibly more severe. Summary: I have several ways of spotting the top, but I currently use only two to three because they've been accurate in all cycles even though they're different. One of them, The Yellow Top, said yes, the top is in, but the second one said, "No, wait till 20th of October to see when the top will happen." Whether the top is in (left translated) or not (right translated), BTC still has $50k extra to add to its current $100 to arrive at, at least,150k+. Why? Global liquidity is way up (meaning: lots of money printed already, but waiting to get into people's hands for them to buy BTC) and QE hasn't even started (meaning: the money hasn't been released yet, but it warning up). So, when QE (quantitative easing) starts, some of those billions out of the trillions minted or printed will find their way in crypto, stock, real estate, funding wars, etc. and alts will pump (altseason) because of excess money in circulation, which makes fiat lose value. Then BTC, the boss, will lose its dominance (e no go get much strength again to outshine others) and this will allow alts to breathe. When I reply people, I do it as if I'm writing a page for a book, hence its sometimes lengthy. |
maybet081:No and yes. |
Can't upload yet. Score Sheet A: 3/3 = BEST buy in bull market (inside red BG) B: 2/3 = SECOND BEST buy in bull market (inside red) C: 1/3 = RISKY buy, but great if it suddenly dipped in a strong uptrend, in a bull market, after leaving months of consolidation and the background is green. (The only time buying inside a green background is allowed). In the Ppsignal indicator, turn off the Heiken Ashi, Upper and lower channel option to make the chart look clean. This is optional.
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Images
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You can ignore bear market of 204, 2018 and 2022. Though, you master the system, you can still long them and make profit when the dump is right. For buying inside green, it's for who has mastered the game — it's the one I called bonus buy.
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Lecture 4 WEEKLY BUY WITH PPSignal In our second lecture, we spoke about when to sell on the 1-week and 1-month timeframes, but not when to buy on the 1-week timeframe. So, we’ll briefly brush over that here. In this one, we’ll remove the Golden Cross indicator and replace it with an indicator called “Ppsignal Smoothed Heiken Ashi Candles and Keltner Channel” by Ppsignal101. Why? We are after the red and green background changes and the white line. Ignore the Heiken Ashi candle in between — we don’t need it. There are only two times to buy — plus one bonus, making it three in total. However, if you buy on that bonus setup, you’ll need to sell early (i.e., the following week or two). For the other two buy setups, you can ride the show to the top. The 3 Rules to Obey Are: 1. You must buy inside the red background. 2. When weekly yellow or red volume prints. 3. When the price touches the white line. At least two out of these three must be true before you buy. Otherwise, it’s a wrong entry. This is best used in a bull market — it still works in a bear market, but you must opt out early during the bear, while in a bull market, you can let it ride until the background turns green and you're ready to sell. As for the bonus buy I mentioned — it’s when red or yellow volume did not print (or maybe they did), during an uptrend that resurrected from a long consolidation. Then the price dumps sharply and touches the white line inside either background (especially green). That’s a buy — but be watchful of a potential lower price. In most cases, the uptrend continues. This is the only exception that violates the 3 rules above. I’ll show you pictorial examples for all of them, rated by score: 1/3, 2/3, and 3/3. We only experience buying opportunities 2-4 times per year using this method, so, the first or second opportunity matter the most. By the way, all these posts I make are more of a personal open diary that’ll be deleted in the future when it’s time to turn them into books, so don't panic. Don't forget, you must use Bitstamp on Tradingview to get the accurate result. Getting the images ready. About 13 of them.
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XaToXi:Oh, it's you. Thanks. I'll check their channel. Though, my Yellow Top Strategy agrees with them, but another of my strategy is waiting for October 20th to finally decide if it'll be that October, November or December. And the guy go dey charge money for that group o (or have a VIP version) for simple info like that, but I dey here dey receive insult and being looked at as insane ontop free info wey I dey happily give o. It's sad I hate the stress of managing groups or even being an admin. Me wey go stay months without opening WhatsApp or Telegram even when I see notifications.
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Someone once posted a Telegram group that said the top for this cycle happened in 2024. Please, who remembers the group? I want to join to see if I can dig out their method. I might learn something new. |
GRACEGLORY:And I'm waiting for red vulture. ![]()
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The yellow top candle is only valid when it happens anywhere from Sept of Relax year to December of Sell year. Those that print outside this range are void. I have been in long, but I'm still waiting for the red vulture. Every year, since BTC started trading, it happened at least 1 time per year, but this year, nothing yet, so I'm expecting at least 2 before December. Luck is when preparedness meets opportunity. The market rewards a diligent specialist.
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Reminder on Yellow Top. Last time I posted it, this thread was full of chaos, now that the coast is clear, I'll redo the visual. Pay attention to the 3 arrows in each image. The first arrow is pointing when the yellow printed. The second is pointing 2.1 months later sell date and the third at the top is pointing the price whoever used this approach would've sold. In 4 cycles, the Yellow Top strategy was accurate 100/100. What are you thinking? For me, I'm thinking what you're thinking, but I strongly believe there is more upside (cuz of Global M2 uptrend) even though we might print a red vulture candle first before it'll happen. This year, we haven't printed any. The best red vulture is when it scores a rating of 3/3, not 2/3. It happened in trade zone, touched 200 MA and printed red. Using this system, you'll always sell at the yellow top, which in most cases, were the top or almost the top for all the previous seasons. But I refuse to believe it'll work this year, even though I deep down know it has already worked. Global M2 uptrend is my hopium. Now, take your time on each image below and focus on those arrows to see what I'm talking about.
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This is the video I watched years ago and got inspired to explore that VSA indicator and didn't regret it. Posted 5 years go, but the info is forever valid. It's a three part video of less that 22 minutes. https://www.youtube.com/watch?v=_wZQR3vTzwo?si=Fn3MSLhZI0HWcpF7 |
Now, zoom that picture above and you'll see how the red vulture happened. And it was a score of 2/3. 1. Price went down inside free trade zone 2. Red vulture candle printed 3. Sadly, it didn't touch 200 MA, so the ranking is 2/3 and it was still the best buying day of year 2017. Why didn't I buy in those first three reds? Because they didn't print inside free trade zone. Simple. Don't joke with this strategy even though the name is funny. If you want me to post images of all the time in each year the red vulture happened, let me know. Anything you buy after RV has printed, you'll NEVER be scared of further dump. The worst that can happen after is 5k or 7k fake out, some consolidations, then up it goes and never looks back to that price again till another bear market. |
"The Red Vulture" — A Crypto Trading TaleThe end of Red Vulture
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Just wait for me. I'm coming to share a secret that'll make even haters say "Thank you boss." It's a story about a red vulture, but it relates to trading. My madness has started, but you'll be glad I'm mad. Click the like button to show interest to motivate me to type it. I'm kinda lazy sometimes.
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maybet081: Don't start o. He'll abuse you and your lineage and he's less than 20 years old too. If Tinubu's hardship is not affecting you, it's affecting millions of Nigerians and spreading the anger and frustration on innocent people is the only solution left. So, he has the right to abuse me (my uncle was the wicked INEC president), but I don't want him to transfer it to you guys on this thread. |
Emmizay12:I appreciate your opinion. Keep up the good work. |
Adasun:That's how conversations go when two people don't see each other as a threat, but colleagues in the pursuit of wisdom and growth. |
Recap
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twosquare:Yeah, I'll go with the Geegpay. Though, I'll create and verify an account with all of them. Years later, I'll open another Wise and even Payoneer to see if they'll know the prodigal son is back. |
Wise has banned my more than 4 years account, citing crypto transaction. I caused it sha. I too like that app, but I don't really care anymore. To be a man, you must be used to pains. Even my Payoneer was banned years ago cuz of crypto too. So, which should I use for normal receiving of USD? My research showed me these 5. Grey 4. Geegpay I think I might like this one. 3. Cleva 2. Remitly 1. OFX Though, I called my friend in Europe just now and he promised to create a Zenmo account for me (abi wetin be the same self) and it supports crypto. I don't think they allow Nigerians living in Nigeria to have an account with them. I wish we're as independent as China. All these payment companies just love frustrating Africans that are making legit money online. It's fine, I'll face my agro world and keep my monthly payment on hold. It's even an opportunity to save lots of money and withdraw all at once few months or years later.
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Anything you do that'll not generate your children or people you left behind money, something tangible to brag about, safety and hope when you're gone, is a waste of time. My father was a graduate. Is that something to brag about? Is it tangible for survival? What did he build or create with the knowledge he got from that school? Oh, the salary they used to pay him after he submitted his CV and passed the interview? Wow! I won't say much neither will I discourage anyone. |
THE DAILY GOLDEN AND DEATH CROSS STRATEGY PRACTICALStudy each image carefully and read the texts on them and you'll see the ones with 1/3 rating are not good buys but 2/3 and 3/3 are.
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No industry can be saturated once you're innovative and financially more capable now than your past. |
The Daily Cross Strategy (Golden Cross and Death Cross Secret) Main indicator: Golden/Death Cross Highlighter by Dripvesting Helper Indicator: Volume Spread for VSA Custom by Theehoganator App: Bitstamp exchange on Tradingview ONLY! Timeframe: 1 day Those are the two indicators you need for this strategy. You'll thank yourself for reading this post. If you're new, you may not understand it at first read, so reread and as questions. Initially, for the main indicator, I was using Golden Cross and Death Cross with Probability by FinnoVent, but switched to the new one by Dripvesting. Why? The new one gives me space, which I call free trading zone while the previous one doesn't provide that blank trading zone/area. I'll give you pictorial representation later. BRIEF INFO ABOUT GOLD AND DEATH CROSS The Death Cross refers to a technical analysis signal that occurs when the 50-day moving average (blue line), crosses below the 200-day moving average (red line). Death Cross is generally interpreted as a bearish sign, suggesting a potential long-term trend reversal to the downside. But if it happens in at the beginning of middle of a bull market, it automatically invalidates the bearish nature. It's only at the end of the bull season that it signifies the bull it signifies game over. For Golden Cross, it's the opposite. It's when the 50-day MA (blue line) that was below 200-day MA (red line) finally moves back up. It signifies uptrend. Death Cross only happens 1-3 times max in a full bull market (excluding the buy-more year of the previous cycle) and the 3rd one leads us to the bear market territory and that is it for the cycle. (Referring to Relax, Sell and early months of Buy-year as bull market. I hope you understand). I hope you don't confuse Buy-year and Buy-more year. In April 2025, as I type this, we're witnessing the 2nd DC and after this one, we have 1 left (to happen in 2026) before the final crash. But what if this time is different and we stopped at this 2nd DC? You never can tell. 2012 to 2015 cycle 1, it happened only once and it was in April 2014 (Buy year) and that was the end for the cycle. 2016 to 2019 cycle 2, it happened only once too and it was in April, 2018 (Buy year) and that was also the end for the cycle. 2020 to 2023 cycle 3, it happened 3 times and the 3rd one was in January, 2022 (Buy year), but fully started real dumping in April, 2022 and that was the end for the cycle as well. Did you notice something? It seems Death Cross (DC), loves April of bear market, Buy year, to fully activate its dumping prowess. 2024 to 2027 cycle 4, it has so far happened only twice in August 2024, and April 2025, which we're currently battling in this month of April. April, April, April, the fool. Why always you? Yes, we're in April, but this particular April we're in is Sell year of bull market, not yet April of bear market (Buy year) 2026. With this, there is nothing to fear except black swan and when every longs is liquidated like it did in 2020 March-April COVID crash, then the remaining 50% bull run will start the show and these liquidated people won't have money to rejoin the train. (Maybe, extension of tariff crash is coming for black swan to be actualized). It's called market manipulation and you need to get used to it or have multiple backup money for it. Luck is when preparedness meets opportunity. Note: Bear market doesn't witness golden cross (2014, 2018, 2022 and 2026-incoming). If it does, as it almost did in 2014, just know it's a fake out to give hopium to newbies and will soon collapse. Opportunity to short. Let's wrap up the theory before the practical starts. KEY POINTS: Death Cross: 50-day MA moves BELOW the 200-day MA, seen as bearish. (But not always — depending on the period of the season it happened). Golden Cross (opposite): 50-day MA crosses ABOVE the 200-day MA, seen as bullish. (Never happens in bear market. It starts happening in Buy-more year, 2011, 2015, 2019, 2023 and 2027. Those are the years Golden Cross starts for each cycle). BUY-MORE YEAR Tip: Every Buy-more year must have 1 golden cross first and later 1 death cross. The golden cross is either in Feb, March or April while the death cross is usually September or October. Take this as an important information. Note, for Buy-more year, before the golden cross happens (in Feb, March or April), the market has ALREADY PUMPED. Those that bought in Nov or Dec. of the year before (Buy year) will be in huge profit. The golden cross is just a form of celebration that we're truly and finally out of the woods and the future for this new bull run is bright, but don't forget, Amaka will always 70% disappoint with a correction (retest) to the 200 MA line most times. For the death cross (in Sept or Oct), the market has ALREADY DUMPED few weeks or days before it crossed and you needed to have bought that dip as you await a reversal (pump) with golden cross. So much theory, but it's important. If you don't understand it now, save the post and read later. End of lecture 1 (theory) THREE BUYING TIMES WITH THIS STRATEGY IN BULL RUN 1. When red dump prints in free trade zone 2. When candle retests the 200 MA with a big dump. 3. When price is lower than your previous best entry (black swan) and a red or big yellow candle printed. To be shown soon. Typing lecture 2 (practical). Click like if you understand there theory or share if you're lost.
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👠 You build patience from pains and experience. Whoever succeeds in life in everything they do at first attempt is a failure. |
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