₦airaland Forum

grandstar:
I don't know why I project Bitcoin hitting $300k in the next 5 years.

Possible, but I would prefer if that happens in 1-2 halving ahead.

Is this 68k price short position I took wrong? Yes and no.

How? The price is an even number, which is good, but BTC is not at overbought on the 1 week and 1 month time frame. So, there is 60-70% chances of losing this trade, but I don't mind.

Sometimes, a wrong trade can favor you more than a perfect one. If I'm to enter another short again, it must be at 74k, 78k or 82k
(because they'll love to push it to 75k to increase hopium before dumping).

I really pity these altcoins because if BTC sneezes to 60k, they'll bleed off 20-50% AGAIN! No be wahala be this? So, please, do take profit if BTC pumps today or tomorrow.

Joe Biden quitting the race is good for crypto, but the manipulators will want to do something with it.

Valwezzy:
Omo, this your liquidation price no be here

It's easily attainable if CZ, Elon and Blackrock look at it. In fact, BR alone can handle it.

Turn off your phone, go to bed and you might be shocked to see it at 72k or even 80k when you wake.

That's just how crazy BTC can be when billionaire shorter gangs and another billionaire gangs fighting for liquidation supremacy.

Started another short in another Bybit account. The other one is still there. Why the short? I want the market to pump, but failure to do that, I'll smile to the bank.

BTC shakara don too much. If to say na woman, I for don dump am since.

DaemoLee:
What u have been seeing since 2022 that u claimed the bull run has been on since is simply called 'Retracement'

Saying we are closing in on bears at this time when we have been in the "Bear market" all this while shows that u are a dunce and a total novice to the market u claim u are an expert of.

Chairman, please, reduce the volume. This will lead to violence. Thank God I skip most of the violence except my name is mentioned. Thank you.

Arijude:
so there will be no gain in hedging?

Hedging is only for protection, not for profit. It only gives profit when the winning side is a little higher than the losing side. In fact, just see it as financial protection until the storm is over.

harry2sexy:
I do hedging too but i do it on one exchange as i am not too big on trading capital, just got $40.

So for example, I'm currently on $Ordi and i predicted market with go down but took from the expected profit and hedged in the long.

So if 8$ becomes 16$ and $4 is liquidated, i have 4$ total profit.
What i was asking is from your own experience, at what point do you close the loosing position since from the chart, $Ordi is tending up?

I won't lie, I'm confused with the question, but let me just pretend I understand.

From your leverage, be careful. Use the $40 for practice, not for profit so that you won't feel bad when you lose it.

Just make sure you enter trades at the right time so that you won't complicate the process.

...

I applaud the originator of the $100 challenge. Though, I won't be part of it, but I'll always offer insights when I'm asked to.

I already started mine. There was a lady here who wanted to sell $3 some months ago.

She was about selling it at a cheaper rate to someone, but I decided to offer her a better rate — not because I needed it, I only needed the story behind it because I know how powerful captivating stories are.

I want to one day turn the story to an inspiring book of a man who turned $3 to $30, then $300, followed by $3000, 30k, $300k and finally $3M, then take it further if I want to.

It's a lifelong task so it might take me a decade, two or max, three — as long as I'm alive. I think long-term.

Crypto is an industry I'm addicted to, yet detached from. I don't really know how to explain it.

Anyway, I created a thread for it and the screenshot below was one of the old images I posted. I'm trying to be a little more reserved and an observer than a participant.

Thank you for your understanding.

https://www.nairaland.com/8042380/crypto-turning-3-3000-happened

harry2sexy:
Please I've follow up questions as regards this. If you take profit from the other exchange, do you add money to the short and leave it to run?

For example, if i take a short at 68k and liquidation is 72k and i add money at 71,500, that means my new entry will be 69,750, that will mean new liquidation may be 74k, i think.

My question now is at what point do you close the short? I use a similar strategy, i am just a bit confused with that hedging mode

Also, will martingale work when taking a new short entry or can you just enter a new entry with same amount? Please help me boss

Every exchange is independent. If I take profit from one while the other exchange is close to liquidation, I add extra money then hedge or close it if the money from the other exchange can cover up my loss with profit.

Hedging is simple. It's when you're trading both long and short of the same coin at the same time so that whatever you lose in long, you make it back in short and vice versa.

It's a way to stop both winning and losing and stay stagnant until you understand the best direction the market will take.

I just checked the volume and I don't like it. My spirit is divided. It's telling me after a pump to 70k or 72k, comes a dump except the volume changes.

So, the moment it pumps, I'm pulling out 90% of my trades or hedge them with shorts. This is not to scare anyone though. Then after 5 green or extended 5 green, I'll rejoin.

harry2sexy:
Leader i nor follow you for this one but i know the feeling, loosing so you go get a better discount, cos if it touches 73k, maybe 74k feasible, then people start taking out profit and then it comes back to like 69k

I actually have longs in some other exchanges and spot. So, the moment it's about to liquidate me, I might add more money and take profit from my other exchanges.

It's just a little bait. Whichever direction it goes, I smile.

helinues:


I am just hoping this guy VDM won't fall for the baits. Hahahaha

Please don't

He has 99% chances of being a hero in Nigeria over most people discouraging him.

I can't be right every time. I miss being liquidated, so I have started a wrong short and I know there is 60% chances of being liquidated. No stop loss. I'm supposed to start my short at 68k or 72k, but stubbornness no gree me.

There is this confidence I have when I'm in a losing position over a winning position. I don't know if it's only me. When I'm losing, I don't really care that much, but when I'm winning, I do care.

Tflex01:
See daily candles na 🤯

I wonder how $Turbo makes this kind of movement at least once a month with it's large mcap. The only explanation; some "big boys" dey with this project.

I'm not greedy, I have taken my "salary" from Turbo for this month with my aggressive profit taking in the last 48 hours, hoping to get a good entry again in the next one week or two.

WAGMI

When Turbo launched some months ago, I watched a video of the creator crying on YouTube. He said he used ChatGPT and all that.

The tears was because he couldn't believe what he made in his room could turn to millions.

I checked the comment and the tokenomics and I was happy, so I added it in my top 10 coins in this bullrun and I don't regret it.

The community is calm, but focused.

On futures trade, when the market is stagnant, I either hedge or leave. But spot, I don't.

It's obvious, with the image below, our next president's minimum wage will be 100k = $22.

That means we should protect our Dollar, Euro or Pounds at all cost. We should learn to take profit and HIDE it for at least a month, else we lose it based on emotions.

I always have two charts for every coin that I'm deeply interested in. In the below chart, 1 is for spot another for futures. One day, I'll talk about it. If you take a look, one has crossed the parallel channel, but the other hasn't.

BUY 1 GET 20 FREE

You researched a coin and liked it, but you want more? Type the name on CoinMarketCap and head to Similar Coins. then click the timeframe you want and click more.

You'll see 20 more coins with either similar chart, sometimes, similar tokenomics, similar genre, sometimes, similar age, similar behaviour, etc.

This option practically helps you reduce your research and make you stumble on coins you could never have thought of. Infact, you may even find one better than the first one you chose.

People don't use this option a lot, so I want to bring it to your doorstep and rub it on your face.

That CoinMarketCap page you opened the coin on has 90% of the research info you need about any coin starting from tokenomics, team, links to all socials, number of people who have it on their watchlist, exchanges but them, etc.

Example: Kaspa.

So, use this Similar Coin option regularly to see if you can catch a better fish.

Marianwao:
The world is owned by a few. Many of the tech things we enjoy will collapse if the likes of Google, Microsoft, Apple etc suffer. Yes, others will come to take their place, but not after we feel am first.

We won't be able to login our crypto apps because email or Google authenticators won't work. Our long or short trades without stoploss will liquidate us. Scary, but such is life. I'm prepared for the worst.

The Donald Trump's prophecy man said there would be an economic crash, but please, it should happen in Nov-Dec. 2025. E get why.

I'm a man and I don't ever want to associate with any man or woman who hates VDM because they're evil, scammers, cheats, scared of DNA, skin bleachers, tribalistic, demonic, and dishonest.

The moment I know you hate VDM, even if you're my sibling, I already know who you are without extra investigations.

If I see where you're being wasted, I'll join because I don't want people like you to exist.

clems88:
The market is confused , looking for who to trap

If you listen to Steve and Ben, you won't be bothered with what the market is doing because you already know.

THE MAGIC OF EVEN NUMBER.

I want to give you a secret that does not exist online. Experience made me notice it. Infact, copy and save this secret because it might be deleted.

Don't buy or sell a coin except the first 2 digits can be divisible by 2.

If you've been following this thread, you already know when to buy, like 5 green day, extended 5 green day, zero green day (mostly in bear market), when it was newly launched on DEX and had passed rugpull test, etc.

Since you know the best time to buy, at what price should you buy? Here comes the magic of even number.

When coins pump or dump, the final or last price is mostly an odd number — pay attention.

Last bullrun, the top was 69k and bottom was 15k. The previous one, the top was 19k. Even this year's current top is at 73k. Did you see they are odd numbers? Though, some exchanges might record even numbers, but the main stop is usually odd numbers.

So, manipulators alway love to push coins to top or bottom at odd numbers since most traders expect even number (round figure).

This post is all about buying or selling at even numbers. Only the first two digits are considered — the rest should be ignored or be any number.

Let's use 2022 as an example.

So, BTC dumped to $21,567 in quarter 4 of 2022 and everywhere was bloody and you know it's the time to start buying based on all indications and indicators.

With this knowledge, you'll set your buy at $20,456 (the first two digits, 20, is an even number, but whatever follows next, 456, doesn't matter).

Since you're DCAing, your second buy should be $18,573, but a spirit is telling you it will go down further, so skip it and wait to buy your second position at $16,248.

Your third purchase should be around $14,563, but you can skip it if you want and wait for $12,631. After this, you'll be eyeing 10k(skip), 8k, 6k(skip), 4k, 2k(skip) and 1k last.

After 8-10 times of DCA'ing, stop and close the app. Focus on other things in life for some months. You have tried your best.

You get the point? You only do this DCA when you know BTC is at oversold and RSI is below 20 or not more than 30 on weekly and monthly timeframe and it's screaming "BUY ME NOW, BUY ME NOW YOU SCARED MOTHERF*CKER. Just to take a simple risk, you can't, yet, you want to be wealthy." Says the coin.

Also, reverse is the case when we're at the top. When BTC is at overbought, greed at 85-95%, everyone is asking which coins should they buy, the euphoria is high and everyone and their grandma is screaming we're going to pump even further — my dear, apply this even magic technique and leave.

When BTC was at $72,535, RSI was at 85+%. This was when you should've sold some percentage while waiting for 74(skip), 76, 78(skip), 80, 82---90, 96, 98, 100k and so on.

As I said, you can skip some of the even numbers and wait for the one ahead if you think after selling some at 72k, it will pump to 84k, etc.

Now, apply this technique to every coins and you'll always win at least, 80% of the time. The worst that'll happen is, you won, but you left early at 85-90% greed instead of waiting for 95-99% greed/RSI as most would.

Let's assume I want to buy XRP. Before the market dumped two weeks ago, it was at 0.54976 or higher and it dumped to 0.3823.

As a wise person, when it was at oversold and was pleading and screaming you should buy him, what you would've done is to check tokenomics, does it have a strong fanbase, token unlock? Then check support and resistance on daily, weekly, monthly, and even yearly timeframe.

If you're happy, you'll enter your first DCA at 0.42685 (.42 is an even number). Your next purchase would be 0.40245. You might skip it and wait for 0.38673 or 0.36623 and so on.

Oh, one more thing. If the coin is one of those with 1 digit number point other digits like $2.6755, then you'll use 26 as 2.6.

If you get the point, like and share. With this, your panic of DCAing in and DCAing out reduces by more than 50%. This keeps you focused and organized.

LincolnOnyeabor:
Omo, boss you're trying oo.

Analysing on Binance.

It's Trading View I'm mostly used to.

I will try and see if I can understand Binance

It's quite easy even with a tiny screen. When you're dedicated in something, difficulty disappears.

I use TV 50% of the time, but the other 50, it's any exchange I'm using. Though, I can login my exchange via TV, but I stick to the app directly, except the chart is incomplete, then I switch to TV.

Sometimes, I don't even do TA — I just look at the chart in different timeframes and I have mentally done my TA. Nothing is difficult in crypto except controling our emotions.

LincolnOnyeabor:
Bossman, what's that yellow channel??

It's looking like trendline but I can tell the tool it is.

What is it please sir??

Parallel trendline or just parallel on Binance.

Tip for futures traders on token unlock.

Visit CoinMarketCap and click on Token Unlock.

Look for those coins that have from 5% unlock and above. Check if they are on futures and if yes, set alerts for them. When that coin pumps 7-14 days before the unlock, short it so that when it finally unlocks, you'll benefit from the bleeding that mostly follows. If that bleeding coincides with BTC bleeding, you don make am..

Chully01:
@ilegend

I got this eventually

I just discovered something from this your screenshot and I'll be monitoring it starting from today to see if it will turn to another secret indicator.

In the image you posted on the 17th, see it below, the percentage of Bitcoin was 85% and BTC was probably at 65.3k. That means when it was at 66.1k, it was probably 95%. Getting to 68 or 69k would've made it 100%.

The second image is the one I took just now and it's at -20%. From what I'm thinking, it may get to -85% or -95%+ and that will be a good buying opportunity.

I don't think you understand what I'm trying to say, but I'll keep everyone undated.

I'm trying to use volume percentage to measure the strength of BTC and this will help in knowing when to buy or sell. 85-95% volume, sell. -85 to -95% volume, sell. I'll check it mostly when there is pump or 5 green to be sure.

Wanna know 20 old coins I'm monitoring or into? See them here. https://coinmarketcap.com/watchlist/65e535ff907a800c12334502

What about 20 new coins I'm into? From 2023 up. See them below. https://coinmarketcap.com/watchlist/65e5376e1d7ee01a4c5aa6e6

I prune my list regularly, so what you see via that link today might change a little bit months to come.

My selection is always based on good or manageable tokenomics, community passion, recency (2023 up — for new coins) or conflict.

I didn't include new coins I like with terrible tokenomics, but I still trade those one too like WLD, ÉNA, Ondo, etc. I have a different watchlist for those one.

I noticed a lot of coins completed their chart. This means, if BTC goes to 61k, they'll bleed almost lower than their previous low.

For the XRP below, bought at 0.4 and left at 0.5. I couldn't wait for it to hit 0.6 since it's x75 leverage.

Maybe, next time, I'll learn to be a little patient, but as we all know, too much patience = regret.

I urge everyone to also learn technical analysis because it helps you understand where the whales might go or stop when they manipulate the market.

Xrp's short term target has been met.

People will make more money when they become opportunist and semi-HODLers. I'm waiting for a pump or 5 green day before I buy again, especially 5 green day.

ThisisIkemefuna:
Do you have top 3 Reddit groups you can recommend? (Crypto, online money making)

No idea on this, sorry.

sholikay:
Good evening boss ilegendd...
I don't know where to post this,so as to get your input on this..

In future trade,what's cross margin, isolated margin and leverage...

I need a simple explanation just like how you make crypto explanation easier for us...

Thank you boss..

Heard of siamese twins? Those conjoined twins?

Since two of them are joined (they are called cross margin), so we need Ben Carson, the surgeon, to separate (isolate) them.

You have $100 to trade with, but you only want to trade with $10 and nothing more, you use isolated margin.

Or, you want to trade with $10, but you want to keep your remaining $90 as backup to avoid quick liquation, you use cross margin.

There is something called liquidation.

When you're trading with $10 alone without $90 backup, your liquidation will reach faster and you may lose the $10. (Isolated margin)

To avoid fast liquidation when trading with $10, you trade with cross margin, because you have extra $90 as automatic backup to avoid being liquidated easily.

In isolated margin, when you're close to liquidation, you'll have to manually add extra money into your derivative wallet from your spot or funding wallet, but with cross margin, you add all the $100 at once while trading with only $10.

In fact, the simple way to explain it is: isolated is for people that don't want to lose more than $10 out of the $100 they have in their account while cross is for people that don't care to lose everything.

For me, I'm among the people that don't care to lose everything, so I only use cross margin. Back in the days of learning and practicing, I used only isolated, but now, I only use cross margin.

The word leverage is just the process of what you're doing. L. Yamal is leveraging on L. Messi's bathing to become more popular just the same way IshowSpeed is using Ronaldo's name to become more popular.

So, leverage is the process of using the exchange's extra money they'll lend you based on what you already have to add to your main cash to make money faster or lose money faster.

In this leverage, there are numbers to select and this will determine how fast or slow you want to multiply or lose your money.

Big number is bad for beginners, so you'll have to use 2-7 max. For pro, they can use any number based on how they can manage their risks or emotions.