Jedisco's Posts
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I'm careful in opening new alyt positions now... But if this takes and flips 3000, I'd get in and target 4k
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NisforNicky:Hardly trade derivatives or futures... But as a general rule, it's usually sensible to short alyts when bitc0in is dipping... After months of a battering, shorting now should be with caution |
Bnb/betece is another one that looks to be forming a descending triangle... Although, I'm still in a small usd position on this which I got in at 300... if this confirms and begins to breakdown between the next 1-2 weeks, then I wouldn't trade bnb for a while until it gets to the next level of interest at 4600 sats which is quite a drop.... Overall, if an alyt isn't looking good against betece, then I'm better off in betece until the coast clears
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Ada... One of my favourite coyns hasn't kept up as much recently... Against betece (pictured), it broke down from a descending triangle and is currently at a weekly support... Against betece, I'd be aiming for somewhere between 2900-3000 sats... It's a tricky one as betece is now approaching some significant resistance zones, so I'd play it depending on what betece is doing. I'd also be looking at the weekly close tomorrow as it's currently below the weekly ema support. It hasn't closed below this since January.... A close below would make me apply caution
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Levels on betece are quite clear.... Major support/resistance zones are at 30k, 40k, 50k, 60k.... Around the midrange of these zones are also smaller areas of resistance...i.e 35- 36k, 46k, 55k... The 46k level is an area of interest as it was also the point of the last breakdown
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DieRich5:Against betece, most don't look strong... Even in usd, a good number are below weekly support... That's to be expexted as betece is also below its weekly support.... But generally, if an alyt isn't looking strong against betece, I'm better off holding betece... If betece starts retracing to say 35k, most will crumble |
In addition to buying betece, sometimes, buying major support on majors can be sensible... Through this drop, I used levels on certain majors to gauge what betece might do... E.g Ada at 1 or xrp at 0.6.. I remember opening my crypt0 app one red day and looked ar xrp at 0.56... i looked at it's chart against betece and usd... That level was significant so I bought...... At worst, if it loses that level, it should come back to test it as resistance.... First chart is xrp weekly chart (note the blue line) 2nd is xrp monthly chart... If it ends this way, it wouldn't be a bad one at all. It'd be a macro retest of a significant level Lastly, its xrp against betece, it was close to a place I'd expect a response... Eitherway, my stops are in profit... All I'm doing now is outlining where to take profits
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Regarding alyt coins, I think the structure of most are damaged and it may take a while b4 we see the sustained rally we saw the first months of the year..... Personally, I think bitc0in has to show tremendous strength before we see a sustained rally on alyts... For now, like I shared earlier, I'm quite vigilant in taking profits on them... If bitc0in starts dancing up and down, I doubt most will keep up |
Regarding Betece, things seem to be cooking up for a move towards the end of the year.... I always say trading betece is relatively easy... As one knows it'd hold structure.... No matter what happened over this past few weeks, there was no reason to sell bitc0in one bought below 35-36k for a loss. Just like when betece first sold off to 30k... I remember saying that folks shouldn't underestimate how long bitc0in could hold a support or resistance. At a stage, I didn't even think 30k will hold..... But 3 months after, it's continued to hold like a champ... Folks who keep asking how to spot a support/resistance zone should take a look at 30k... Bitc0in seems to have forged a support on that... At this stage if 30k is lost, we may be in for a long period of grief. |
Evening my people... Thanks for the love shown.... Good to know people appreciate content shared I'd been less frequent here for certain reasons... As the crypt0 market had been slow, I was more busy with other stuff waiting for the right opportunity to present itself.... As I had said before, I tend to trade crypt0 largely on 2-3 occasions every year... I believe bitc0in generally makes 2-3 good moves every year... It's on these moves most money is made or lost.... It's those moves I aim to partake in... Also, I'm not a day trader... The reason I was more active in the market earlier this year was because of the crazy alyt moves which I hoped to benefit from... I trade spot and do better in the market when I don't babysit positions... It helps me focus on what matters and reduce the noise and rollercoaster of emotions. Also, I had complained about the quality of stuff here... As it was being overrun with loads of ads and annoying airdrops.. I had thought about opening a thread focused on just betece and majors (just as the one someone opened for micros)... But held back as the market was rather slow. @ibeme my man... 2 bottles for you. |
tomjia:For both if possible |
tomjia:What's the price of 3/4 mdf? |
tboydbrave:Anyone who knows the cost of this?. |
Ruben225571:Good you've outlined your levels. I have been trading this range for a while and tend to avoid the dump/pump talk. Also, I wouldn't see a move from 34k to 30k as a 'huge' downtrend. That's just another day in crypt0 No matter the market conditions, one should always apply caution in trading |
nna777:40k is an important level but I'm Looking more at 45k... That's a significant point of breakdown... |
htdot: |
jedisco:Sol isn't a coyn I trade often...but I'm enroute a second trip on this (got in a lil below 32). If it takes 35-36 level, I start playing the 35-40 range... Thanks to @openheaven2019 for reminding me of this
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jedisco:Ada has been nice to play of late... Good rally above 1.4... would look to take entry on a flip of that level
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jedisco:Outlining macro levels matter.... Yesterday's close was a good one with a reclaim of 33.5k.. Got in with bids after the close.... Was hoping for a dip to 31.5k at the bottom of the range to give a better risk defined entry but hasn't happened so far.... I believe we're within the cusp of a relief rally or further capitulation... I'd be going with a relief rally for now
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jedisco:Still progressing.... First deviation below support, then reclaim of support, next retest of support and usually a bounce would follow... Lets see the daily close
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Ruben225571:Lol... This man... Na so ur bull market dey be? |
jendoslim:Hehe |
Of late there's been alot of talk about bitc0in monthly close... Looking at the monthly chart, even if I don't know what coyn it is, it looks very likely that a retest of the monthly 21ema support (currently at 26.6k) would happen over the coming months... Two scenarios come to mind... A- Price oscillates around current levels as it's been doing with no significant upside moves (by this I mean nothing abv 45k) until the ema comes to meet it... B- Price goes directly to retest the ema where it is now.... Eitherway, with the wicks on the last two months, I believe that level will hold support if price eventually gets there.... It's a monthly chart and of course there could be wicks below... but whatever scenario would take time to playout... and I wouldn't mind trading the range as I've been doing Also worth noting that it's not very often bitc0in closes below the monthly ema... July should be an interesting month- it'd likely signify the bottom of the current selloff
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On betece... Daily levels I'm interested in... Also another around 32.3k not included PA is currently on daily support.... But I'm not willing to bid these levels yet until a daily close then I'd re-evaluate
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jedisco:On betece,.... The second scenario played out... Got a retest of 30k, bounced and broke out... A possible retest is currently in play.... I'm not interested in bidding these levels yet... I'd wait for the daily close but would rather set bids based on daily levels Generally, in crypt0 I like trading trendlines and do so until price stops respecting them.. Bitc0in has majorly been stuck in the range for about a month
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jedisco:Still early days, but eith seems to have chosen scenario B. Todays candle looks set to end as a nice flip and bounce off the trendline... Next challenge would be flipping the daily ema.... Overall, things are not looking bad on this
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jedisco:Ada still straightforward to trade... I've taken 2 trips to 1.4 in a relatively short time... From 1 to 1.2 is 20%, 1.2 to 1.4 is 16% I'd say there's a good chance it flips 1.4 soon... Target's still clear on it In a ranging market, I avoid too much wishful thinking... I trade the range, manage risk and try not to be on the wrong side of major momentum shifts
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jedisco:On this.... Took a trade at 30 a few days back and sold at 35... Levels outlined are around 10-20% in difference... looks straightforward to me When market is ranging, I just trade the range, manage risk and forget the moon/doom talk.... Bitc0in can maintain a range longer than most expect
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Ruben225571:Wasn't angry that day....... What I said then was that crypt0 is a volatile market and anyone in it should expect the volatility that comes with the market... Volatility swings both ways.... Haven't been commenting for a while as been caught up with other stuff... Also market has been ranging and I've shared thoughts on how I'd been trading it and nothing much has changed... Though things seem to be prepping up.... |
Inside job... Seems they didn't settle the DPO |
So it's seuns dad that's hosting the zoom meeting on front-page... Nice one .. |
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