₦airaland Forum

Regarding link.... It's currently battling the 0.06 resistance against betece which it seems to have flipped....

An expansion from here should bring 0.09 in the coming weeks which is the next major resistance... I'm looking to offload at this point

Except betece does some f**kery, I believe conditions are right for link to yake out 0.09 in the coming months

bigjay01:
$LINK has been weak lately, heavy resistance in the 29/30 region. $DOT not doing badly during the same period.

I agree link hasn't kept up lately...

But looking at thinks from a risk to reward point of view, dot is approaching 30 which is significant resistance.. dot is also approaching resistance against betece...
Link is in the process of flipping 30... A flip of 30 on link should cause a rally to 35-40...

I'd be going into link if I had to choose between both, I'd go with link

Dot would have been a good entry at 20... Not so much at 27...except it flips 30 which I doubt it would on first impulse

DieRich5:
alots of people will be taking out profits now, I'll let it slide jor

Toh... No wahala

jedisco:
On one,
Between 1 and 1.5, there's little resistance...

Over the next week or two, micros should start popping and majors would likely calm down...
Got some at 0.96, will look to add on a breakout and retest

I'd take this as a flip of a significant level... While I still think it'd play around this level for a bit, I added to my position at 0.104

jedisco:
Need bitc0in to get above 48 to be less cautious with my stops.... maybe it's the bear market PTSD but it's on such days betece likes to cause wahala...
Market looks so primed for a move... Eitherway, scared money makes no money

Betece failed to takeout 48 yesterday... Came down to clear the liquidity cluster at 45.5 k (arrowed).. ideally, this should give a bounce on a flip of the zone which seems to be in play
Two other scenarios I'm looking at..

a. One more dip to about 45k to take out that wick and then a good bounce.
b. A dip below 45k without a good bounce- on this, I'd start looking at the daily and weekly ema support.... At close to 40k......

All said, I'm leaning towards a bounce from this level

jedisco:
It's in price discovery so difficult to say how it'd rally..

Usually, with such rallies, If hoping to get in, I tend to look for a ema support it's been respecting and target my entries on a retest and place my stops below on a bounce...

Eith will usually respect the 4hrly ema wgen it rallies, smaller caps are all over the place.

For now, the 30 min looks sensible but that can change ...
Sol still looks like it's got some steam in it... If it flips on the 30min ema which is around 57 now (pictured), next sensible target will be around 80 and perhaps 100... Took 10% off at 55 and would likely cut most of my position on it today or tomorrow.
My instinct tells me one more push up to the 80 region after a flip and maybe another one to the 90's take out those looking to short

Sol/bnb looks kinda clean... Hoping sol can rally to the 0.18-0.2 region against bnb and I'd swap a good chunk into bnb....

P.s. Those hoping to jump on a coyn that's lumps >30% in a day, should know the risk involved

Alota comments about sol for the last 2 pages, those who have been here for a while know thats a marker for when to start easing out... I've done over 100% on sol which was my largest stash and continued to grow.... Now, I'm looking at easing out on the way up...
Profits will go into usd, bnb and large caps linked to it (looking at ksm)..

Against bnb, I'm hoping to ease some into bnb between 0.18 and 0.2....

OpenHeaven2019:
Jedisco and Ibime. How much longer do you think we would wait for LTC to join the party.

Truth be said, xlm is an annoying coyn to trade... It moves like a snail most times and is usually the last to move....

I still trade it sometimes cos its a major and tends to respect levels.....

I converted some of my betece into ltc at the weekly low (arrowed) after I missed the eith rally... Even though some other projects looked more promising, but I trusted LTC to respect levels better... So far, no regrets....


Looking at the ltc/eith chart since 2019 it's been in a continuous downtrend (2nd chart). If you're not trading actively and looking to hold for the longer term, eith is a far more sensible option

OpenHeaven2019:
This is another Token ($rope) on the Solana eco-system I hold. Right now over 90% of my portfolio is in the Sol ecosystem.

As KSM ecosystem grows I would be moving weight there. Already got Karura, waiting for moonriver to list soon.

Ksm looks good... Want betece to show its hand first

I'm looking into the new performers of the last rally..aave, sushi, ksm srm, graph..

What strong coyns are linked to sol?

nna777:
Took some position in this n xlm yesterday. Thanks.

Xlm can be an annoying coyn to trade sometimes as @ibeme has also pointed... It follows xrp and if xrp has pumped, usually it follows but most times lags it... On some occasions, it does much better than xrp

It failed to take 0.4 yesterday. Good chance it bounces off 0.36 and tries to take 0.4 again.... A flip of 0.4 should take it to 0.6 within a week or two.... 0.4 is a significant weekly resistance. IMO, as far as xrp holds abv 1.2, it'd get to 0.6soon enough

I play paired coyns in a way... most times, I focus on the leading coyn and cycle into others when the main coyn has pumoed.. My position in xlm is from profits of xrp I cycled into it..

As I'm looking to consolidate my positions, I'd see how it interacts with 0.4 next time it gets there... If it struggles, I'd cut and consolidate into stronger coins... Every coyn would have it's time but I trade much better when I hold fewer coyns. Also, the opportunity cost of holding lagging projects might not be worth it in a volatile market.

Need bitc0in to get above 48 to be less cautious with my stops.... maybe it's the bear market PTSD but it's on such days betece likes to cause wahala...
Market looks so primed for a move... Eitherway, scared money makes no money

DenreleDave:
Jedisco.... Gud morning sir

Morning my brother

For those still hoping to jump on something on, this is not financial advise but from a risk to reward perspective, uni doesn't look bad...

30 is a significant level for it... A flip of this level which it looks to be doing should ideally give a rally to 40...

Ibime:
They can wait for a retest of that previous ATH of 58, if it holds, then a breakout is on.

Jedisco, what timeframe would you give for a retest to confirm on such a breakout?

It's in price discovery so difficult to say how it'd rally..

Usually, with such rallies, If hoping to get in, I tend to look for a ema support it's been respecting and target my entries on a retest and place my stops below on a bounce...

Eith will usually respect the 4hrly ema wgen it rallies, smaller caps are all over the place.

For now, the 30 min looks sensible but that can change ...
Sol still looks like it's got some steam in it... If it flips on the 30min ema which is around 57 now (pictured), next sensible target will be around 80 and perhaps 100... Took 10% off at 55 and would likely cut most of my position on it today or tomorrow.
My instinct tells me one more push up to the 80 region after a flip and maybe another one to the 90's take out those looking to short

Sol/bnb looks kinda clean... Hoping sol can rally to the 0.18-0.2 region against bnb and I'd swap a good chunk into bnb....

P.s. Those hoping to jump on a coyn that's lumps >30% in a day, should know the risk involved

With theta finally breaking out decisively, tfuel is looking like another done deal.... Eitherway, I usually play it hand in hand with theta.... It's more erratic but usually gives for more profits it timed right...

After 0.35, next resistance is 0.4... above 0.4, it's pretty much express till 0.6....

Ibime:
Na stock market dey make me bullish. The way S&P and Dow Jones keep breaking ATH, institutional risk appetite is high. Besides I'm trading risk-free having returned my initial capital to madam to put back in our savings, so anything that happens now is between me and my God.

Them still dey print money
If this week is very green with most coyns approaching ATH, I go just take enough profits put inside locker with some low bids to catch wicks cos the selloff would be equally gallant.
Eitherway, if Bitc0in goes on another bullrun, then na big blessing be dat

Ibime:
I learn everything from you boss. Good to have your insight

Baba no dey jones me... U go soon double ur portfolio....
Abeg keep us posted with ur recycling....
Most times, when I recycle too much, I end up overdoing it and miss good moves or make bad entries...

A good number of coyns seem so set to pop this week if betece takes 50k...
e.g.....Uni to 40, bnb to 600, xlm to 60....

When the market looks this way , I start getting scared cos na this kind time betece likes printing a fat red to clear out overleveraged traders that want to make all they lost in the 3 red months in one day...

Eitherway in crypt0, na u go tell urself when to take profit

Tolu181:
theta and nano na dwarf

Hehe

Ibime:
Thanks Boss, as I was asking the question, I had already took position cos I was watching since you mentioned it and when it took 0.102 even as BTC was down, it seemed ready to rip. Also earmarked ilegendds post of it's family tree coins to recycle profits into

My brother u dey vex ooo with ur recycling.... I'm a bit careful with recycling profits b4 betece leaves me pants down.. Betece has been calm for a while... It looks like it wants to make a move.
Of recent, I've been holding more profits in usdt and getting in on dips... Of course, I've missed some moves too

Ibime:
Thanks boss, I have recycled some ADA to add to DOGE size as Doge has little resistance areas between 0.2 and 0.4. Would target a sell around 0.38 then recycle into SHIB

Baba you're doing well...
Na vex I dey use look my theta nd link positions... I don't like time wasters

Ibime:
Boss is One still a go? It has held that 0.1 for 5 days straight, and little resistance to 1.5 as you say, are you increasing size?

It looks to have broken out.... ideally, a retest of 0.1 (if it happens) should give a strong bounce

I think I'm well positioned in it already.... Plan now is just to ride profits and place stops... Don't want to fiddle too much with my positions except betece starts misbehaving... Did too much fiddling last week

ICP seems to finally be on its way to 100...

Deviated below 60 and reclaimed it... If it was going to nuke, that dip was the time.... Now a retest of 60-62 to confirm as support could be a final time it sees that level. Wouldn't ruleout a rally without the retest

OpenHeaven2019:
People say good things about my calls but no one understands TA more than Jedisco and one thing I learnt from him is understanding levels.
After Sol broke the $40 resistance I bought some more because Jedisco had previously stated the levels here

Gracias sister

jedisco:
Shib is making an ascending triangle which would likely break to the upside given market conditions...

Last time doge rallied, it followed quickly and with doge giving signs, I expect this to move upwards...

I'm not in a position yet as I'm in too many trades and looking to cut or consolidate most..

If it breaks out, I'd target the potential upside and make a decision

Doge looks ready to break out... So I took a position on this at 0.08.... hoping to eck out 0.15 ish from it
I think that's about it with taking positions...and it seems I've got my positions mapped out for the week...Hopefully betece holds

Bnb at 400... How much longer


Looking at weekly charts of the top 5, this looks cooked for a pop to 600....

Cannicus:
Chief, aren't they shooting already?

Or they are just warming up ni?

Not yet... If betece starts moving up, they should rally first

jedisco:
The next real resistance with this is about 42.. but I cut half at 40 as I generally like to take profits at whole numbers...

A retest of 35 or 31 would be gladly appreciated.

Sol has quietly shown strength....
It's looking to be the first coyn to hit prior ATH....

Had to add one final Priceline at 50 on the 3 day chart...

I'm not very eager to take profits just yet... I'd look to see how it plays with the level... But once it starts closing a 3 day candle above, Then price discovery should come quickly... The good thing about price discovery is that targets are far apart

ETC...SOL...Doge...

These ones look like they can't wait for betece to finish messing around so they can shoot...

I'm thinking of using an umbrella company for agency jobs. Checked online and reviews were mixed...
What are people's experiences of using one and is it advisable to steer clear?

Chuky7:
Hello guys am new here and I would like to be properly informed on how to convert my money to dollars.

This includes both savings and investment purposes to avoid inflation n devaluation.

Just trying to secure wealth for the future

Please this info is not just for me alone as I am young but my more experienced family members.

So how do you guys go about this and what are the tips or advice.

Cc
Emmanuelewumi.
Ahiboilandgas
Chigo4u
Jedisco freeman67

I heard you guys are pros in this area.

I've shared thoughts on this in the past here and they've largely remained unchanged

Foodempire:
Nigeria economy getting her citizens poorer, your purchasing power keep dropping once you make Naira your buddy as most things you need money for are subjected to dollar valuations.

Imagine making some few gains on your naira investments in the course of two years but only to be wiped off in a twinkle of an eye by the almighty inflation n Naira devaluation.

It's apparent that CBN can't save the Naira ( at least for now) with their try and error policies, if I'm not mistaken this is the third or fourth times they stopped selling FX to BDC but they always reverse Thier decision as things only get worse. It's imminent that dollar may rise to #550/#600 by December because of high demands.

One of the ways I think might bring rates stability is for the cbn to provide teller points at the banks to sell FX to customers at a considerable rates irrespective of who provide documents of purchase, CBN should have two different rates for this purpose, one for the well documented purchases and one for random purchases .most businesses in Nigeria needs dollar for sustenance but no legal documents for back up hence they have to rely on BDC and this put them on top.

For now, I will just convert all my naira investments to dollar and see what comes up in January. Investing in only Naira denominated securities is so draining me and getting me poorer.

I no longer bother myself about the forex situation of the country..
Early this year when CBN started giving free naira to those sending in forex was when it became obvious they were desperately out of ideas... Since then it's only got worse. Right now, they're back to witholding forex from BDCs and they think the outcome would be different from 2015..

I wonder how those at CBN think the forex needs of the country can be reduced to a list of few items... Or that the nation subsidising forex for those seeking medical attention or schooling abroad at the detriment of virtually every other business endeavour is a good idea... I wonder if there's any economic benefit in that or if its poor folks sending their kids abroad

Across major aspects of the economy, effects of similar decisions are obvious
Thesame way the poor are subsidising forex for the rich, is thesame way Nigeria supplies cheap petrol to surrounding African nations at the expense of our infrastructure in the name of fuel subsidy and also same way electricity is subsidised at the expense of regular supply and industrialization


Either way, certain things are given... As far as some folks for whatever reason have access to significantly cheaper forex, the downward spiral of the naira is guaranteed to continue as has been the case whenever that was the situation for the past 40 years. I will only start thinking of keeping significant sums in Naira when everyday market folks can easily access a rate close to the CBN official rate to run their businesses.

Shib is making an ascending triangle which would likely break to the upside given market conditions...

Last time doge rallied, it followed quickly and with doge giving signs, I expect this to move upwards...

I'm not in a position yet as I'm in too many trades and looking to cut or consolidate most..

If it breaks out, I'd target the potential upside and make a decision