₦airaland Forum

On sol.. was stopped out at 66 in usd but re-entered at 60 wich was the 4hr ema support... So far, it's being respected well...

Given I want to cycle most of my sol profits into bnb and ksm, I feel better with the sol/bnb chart... Nice flip on the 4hrly... Hopefully, it can rally to my targets

jedisco:
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

On bitc0in, it's back to playing around and causing some market wide chaos....

Market took scenario b and now around 44.5k but I'm not bidding this just yet cos of 3 reasons

a. Liquidity- There are two levels of liquidity closeby (arrowed) and a rally from here wouldn't look as healthy without taking them out. A dip to 42k should clear both

b. Confluence- I don't see confluence across well performing majors in the market.... Throughout bitc0in's selloff the last 3 months, it would bounce when there was confluence with strong majors like ada.... E.g when ada was at 1 or 1.2..
I might be wrong on this, but I'd be taking my bets on a 1.8, 1.6 or 1.5 Ada and also averaging in on betece at these levels. Another one is xrp at 0.8

c. I'm looking to deploy fresh fiat into the market and on this I'd want to wait for a strong daily close to be better assured...
In all, I'm leaning towards betece continuing a rally in the coming weeks and so I see this pullback as a buying opportunity.

Just sharing some thoughts....

Personally, I believe the reason most people struggle in crypt0 is cos they have no entry or exit plan...

For example, someone starts with 100k, with a target of 150k. The chap grows it to 180k or even 200k. All of a sudden, he raises his target to 300k then 400 and so on... For someone without a principle, even if that 100k turns to 1 million, they'd still be raising targets till it vanishes back to 50k.

Crypt0 is a volatile market...
That's why I prefer to trade macro trends which occur about 2x a year. Profits from each macro trend are moved into something tangible.
Already, even though my portfolio is up about 40-50% from a month ago and I'm leaning towards betece going on another rally, I've started moving some profits out into something else.... When this bullrun is done and dusted, I want to look around me and see the benefits

priceaction:
this baba, simple crypto scanner

Thanks... From the screenshots, it looks suited to day traders esp in times of huge volatility.... downloaded. I'd look at it.

luvlyoracle:
pls what are your thoughts on cake,uni and xvs and xec

Not much... They're not coyns I trade... On cake, I know 20 is a significant level as I've traded it b4

Ibime:
Still in this, ONE, Doge, Uni and Dot as my flip plays

I dey follow you bumper to bumper

AVAX doing well also

If anyone is unsure, just follow the narrative - major pumps for ETH, ADA, MATIC and SOL lead to at least a small pump for KSM, DOT and AVAX. . . . Neo, IOTA, EOS, Elrond and Tezos will catch the crumbs later if the bull continues long enough

U are doing well... Finally, it's good to be up in usd and betece while emefiele continues his magic...

Sighted avax.. a flip of 20 should be a good entry point to target 30

Placed stops on some of my positions which have moved well... Let the rest be... The likely worst case scenario is for betece to dip to 40 region and some bounce which should give alyts some room too

priceaction:
Play around it, there is.

Which of the crypt0 scanner app is this?

jedisco:
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

If this was the retest of 60 as thought, then I expect an expansion from this point...
I have now put in stops below 60

Another flip??

Added some at 0.305

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