Jedisco's Posts
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On shib, 3Day chart... Since the listing pump ans selloff, it'd been struck in a small range with 0.1 as the resistance..... Tested it multiple times. 2nd is the false capitulation candle which cleared the whole range (not uncommon e.g similar to bitc0in in March 2020).... It's now quite obvious accumulation was taking place in that range hence the explosive pop... Good point of reentry is obviously a retest of that zone. This is a 3d chart and ideally I'd wait for a 3 day close nd retest but a daily close above this level yesterday was enough for me to action it as a breakout... I don't think the rally is done... So I'd target the retest zone and 4hrly support to gain some entry... Take profit will still be the usual psychological zones..... I'm keen to see if it pulls a classic x5 from point of breakout as we've seen P.s. As always, sensible asset distribution is part of risk management... Don't go emptying your portfolio into any coyn cos you think it'd pop
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When would icp finally start moving? |
Ibime:It's having pauses....but it's consolidated for a while that this looks like a rocket launch.... I'm set to see a true supply zone that'd cause a retrace... If 0.15 is flipped, I'd target 2 to take some off the table. Doesn't look like 0.18 will hold... Just added some doge at .24... annoyingly had to cut some of my theta.... Target is 0.4... Not so sure on nano... Not a coin I've traded and a quick glance at the structure doesn't excite.. ..One thing about shiba that it had good consolidation which is usually a good base for a pop... Not seeing that on nano.. I'd see what happens when demand cones thru.... For now, I'm focusing on the profitable few.... |
Almajirihunter:I mean 0.0....3... I'm not looking at the zeros... Just probable targets... Of course, there'd be pauses in between Doge could at least get to 0.4.... though its struggled with 0.3 in the recent weeks |
Almajirihunter:I'd look but would be more interested in maximising those showing strength already...e.g getting an entry on shib after a daily close... It looks to me the coyn will get to 3... Also, with all these tech companies messing up, hope it doesn't cause a market wide tumble |
Such massive pump from shib -a meme coyn might awaken lots of other similar capped coyns who have taken a beating since the April sellofff...... Still looking out for a daily close to highlight a point of re-entry... Lemme scan some micros and see what looks juicy.. |
Ibime:Hehe.... This man sef.... Yesterday you were 3% in the market... today, you're 8% in.... You see how greed dey set |
Blesser28:Not a coin I trade.... Moreso, I usually track just coins I trade plus a few |
Ibime:I'd wait for a daily close and see what happens... ... It does look to have broken out of a good consolidation range with the main resistance level at 0.001... If this confirms, then it's still got legs... But as usual, levels to watch now will be 1 and 1.2, 1.5.. Took off some at 1.19... looking to reenter after a while |
DieRich5:I posted a video on it some pages back.... It's a good place to start... The major benefits with defi are 1. Earning passive income from your coyns e.g via liquidity pools, staking e.t.c. 2. Also, taking loans against your collateral crypt0 asset... Your collateral and loan could be any crypt0 asset.. But because the area is still new, rewards are still good though one has to be security conscious... What some folks do is just to use a stable coyn collateral to borrow a stable coyn while earning interest on both. Now use the borrowed stable coyn to provide liquidity on another platform and continue compounding profits on stables which carries low risk... I'm more about using stables as borrowing to buy more crypt0 is similar to margin trading which comes with added risks |
Watching this video, it hit me again that the crypt0 evolution is still early.... https://twitter.com/reason/status/1438187607821885441?s=19 I don't believe it's a get rich quick market.... But it's sure one where the patient folks win.. I still believe the next bitc0in bullrun (after this) would be fuelled by national adoption just like this one is being fuelled by institutional adoption... If you're caught at the wrong end of a flip flopping central bank like ours with your knowledge on crypt0, then you might have yourself to blame... Central Banks are learning quite quickly that if they decide to deploy interventions that'd ensure the currency looses value, then unlike before where most would be at theur mercy, right now smart everyday folks wouldn't sit and allow themselves to be impoverished by such measures.. As the crypt0 space evolves, there'd sure be more straightforward ways to spend crypt0 based currencies in everyday life...Looking at most nations with struggling currencies e.g Turkey, Venezuela its same story... Not a conspiracy theorist, but at this stage, it's becoming clear that if there was going to be a truly universal currency, it'd likely be crypt0 based...
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In general, times like this is why I prefer to trade the larger picture and know what my inflection points are... Usually, bitc0in spends most of its time playing between a range... And usually, once accumulation or distribution is done, it moves quickly in a definite direction.. Generally, the coyn makes 2-3 of such moves a year. Understanding and not being offside on these moves is key. On a macro level, which ever of the two between 30 and 60 gives would be significant. At this point in the market, I think a good number are missing the main point... The most important question for the next 6 months is simple- is bitc0in going to put in another top or not... That determines virtually most other things...Focusing on such moves was one of the reasons for starting this thread. The way I see it is simple- If bitc0in goes on another rally, then whatever price of coyns now will be considered cheap in the next few months... If the reverse is the case and 64k was the top, then you don't want to be offside... IMO, there's a lower chance it'd just range over that time interval... |
jedisco: |
Ibime:My approach has virtually remained same since the rally from 30k... So far, my bias seems to be getting some confirmatory points... As always, I'm not soo bothered about the smaller movements. The market is edging towards an incisive point and the smaller moves don't bother me as much... If I get the macro move right, that should be fine... Guaging the sentiment following this rally (using this thread only), it looks like most people were left offside...and there's still lots of caution in the market... Although sentiment is still split, I wouldn't say we're greedy yet... Before and during this dip, I rebalanced my portfolio and it's looking much better now Over the next few weeks, if alyts do well, I'd be taking profits into stables rather than betece pair |
sheanzy:Easy with shib... I personally avoid getting attached to any crypt0 moreso a meme token. We're all in it for the profit |
toby345:Everyone does make losses.... Some of the coyns I bought are below their buying price.... Some I had to ditch. My saving grace has been few things, I prefer to trade the larger picture hence I try not to panic sell. I try to inject new fiat at certain times of the market when I think the risk/reward is worth it... E.g someone who bought Bitc0in at 30k isnt too worried about what's happening now.... Lastly, it's a game we all learn at but I try to learn from past mistakes so to reduce same happening again |
Kava is finally at a spot where'd I'd like to build a mid-longterm position... Got bids between 5.8- 6 should it comeback to retest the weekly support... Would ease my xlm position into this.... The other coyn I'm looking to cut strings with is theta.... Stuff hasn't shown strength in a while against majors
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This hash ribbons..... A bitc0in trading signal I quite value... This is a gentle reminder that when it flashed a buy signal, bitc0in was trading at a modest 38k
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Been going through the BSC defi offerings... And I'm seeing some mouthwatering rewards.... Im a bit skeptical snd still doing some research.... But if betece does go on another run, likely a good chunk of my stable rewards will be used to provide liquidity in stanle coin pools.... That's earning profit without stress.... Will be sharing thoughts on this going forward.... The more I look into defi, the more I agree it's still largely underutilized |
Is shib the new doge... Been tracking it for a while... If bitc0in goes on a rally with an alyt season ensuing, I'm not so bullish on doge like before due to certain reasons... First its a larger cap now and such massive moves will be more difficult... Second it's was very popular and I expect most will have it as their meme coyn of choice in their portfolio. Also too many folks trying to long or short any rally- not as tempting for me. I still have some doge and I think 0.2 isn't a bad entry point. I'm more bullish on shib.... Like the way it held 0.0..7 all thru this selloff... Added some more recently... If it goes on a run, I'd like to play this level by level, flipping bounces off support......
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Xtze... This stuff has been doing its stuff silently for a while now..... just made a new ATH in usd....After being soo disappointing the last alyt season..... it's beginning to turn up.... Against betece, it looks juicy... If it does go turbo, there's ample room for a rally.... Hopefully, it's brother link will follow suit and pull a solana.
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cappyolu:A good chance I'd say.... Though I also think bitc0in will go on a 2nd rally before this larger market run peaks, (and usually such second rallies are steeper and quicker than the first), it's still worth being level headed as the market owes us nothing.... Everyone thinks they're going to be ready for the next dump until it happens and leaves them offside... This market convinces folks it's going to pop before it nukes... I've seen the monthly ROI chart a number of times... While there's some correlation, it'd also worth noting that even in green months, there can be more than 20% pullbacks.... All said, I believe Oct/Nov is when things begin to get interesting. |
cappyolu:To me market is in a constant state of flux... As we've seen, panic selling or buying by small players usually serves the interest of the big few.... The China news is not usually bad... it's usually has been a pointer that a big move might be close.... It's left for everyone to guage the market and not be caught offside The pop thru 45 k similar to the pop at 36k in August. It was due to too many people shorting with stops at that area... Hence price reaching that point caused a liquidation cascade and price surge... Bitc0in general spends most of it's time ranging and once and once a position is in play, it moves quickly in that direction..... |
cappyolu:Yeah..... A pullback should give good entries... But then, fact is for this current move, the time to average in was on those red days... The coyn was at support then.... Folks who didn't buy at 40k initially wouldn't buy now even if the coyn reteaces back there. Market sentiment is quite split which isn't a bad thing People always expect a another selloff on any rally after a first selloff forgetting that such selloffs once completed don't happen everyday- They usually once a month or once in two months..... |
Talking about reading charts... The mistake most make is looking at the low time frames they can't action moreso on bitc0in.... Can't stress this enough... Buying the top mostimes happens when folks are looking at LTF charts.. On bitc0in, I rarely go below the 4hrly chart... I occasionally use the 30min chart during a selloff to early identify possible demand zones.... Asides that, the picture on bitc0in becomes clearer from the daily down and moreso on higher time frames.. I was partly on the wrong end of the April Bitc0ins selloff cos I didn't look at the larger picture... As early as January, 60k was already showing signs of a supply zone... Looking at the monthly chart of bitc0in, one thing is obvious- the 21 monthly ema... The coin only nukes below it at the worst of a bear market and that usually provides a good macro buying opportunity.... After this run is topped, when that time comes, I'd hopefully be buying... Looking at things from a risk/reward point of view was one reason I just kept streamlining my portfolio during September. Moreso was when I looked at the chart below... The 21 month ema is currently at about 32k... I reasoned that except this run is over (which doesn't look it) then bitc0in is very unlikely to close a monthly below that level yet... So generally, while it was getting clear a huge move was in the offing... The main question is if bitc0in is going to put in another top or nuke to confirm a prolonged bear market... My bias on this is well stated
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From sentiment since this rally, seems a good number capitulated when bitc0in was at 40k and are second-guessing this rally... Alot of alyts fell below critical support when bitc0in was retesting 40k... If it holds, and ranges, then most could easily hit previous prices in the coming weeks as they have some catching up to do... Not a reason to ape into a green candle if already not in position, but dips into support could be bought up quicker than expected |
Very funny interview... Wike sounds like a sure fighter |
nna777:You sound knowledgeable about it... Like you said most people talking about it are dreamers hoping to blow from it. The other day, someone added me to a WhatsApp group whose aim was to teach people how to make money from crypt0 through mining pi.... I smiled and exited the group. Even for crypt0 airdrops in the day, one didn't need to put in so much... They sure have an active base which they've been able to maintain by keeping them dreaming... Do u think people would bother with mining if what they earned was one shib everyday....eventhough shib is worth something now?... It's all market psych.. Lastly, I don't bother myself too much with crypt0 white papers... in 2016- 2017, most newly issued crypt0 were supposed to be bitcoin killers..... I remember some promising how folks could pay their medical bills with it... e.g dentacoin.... Today, they're all dead... Personally, I'm more interested in what the project has to offer, community engagement and the team behind it.... While pi does have an active community (mainly of people hoping), it'd be interesting to see how their actual product pans out. |
nsiba:The owners are sitting on a gold mine, but it does seem like most interracting are likely the gold being mined. There are places/games/browsers online where you can earn real crypt0 (such as btc or eth) or money. How come they're not as popular... Simple cos the effort put in isn't usually worth the result. Most in pi are there cos they dream that one day, it'd be worth huge sums... It'd be interesting to see what happens after the mainnet... Floating a crypt0 currency is easy. You can go ahead and issue yours. A while back, people on this thread had toyed with the idea of floating one, marketing it and hoping that one of the big exchanges list it one day... |
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