₦airaland Forum

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

ETC... Still holding my entry from 60 on this one..

It can be a good runner on its day.... Initial target was 80.. a flip of that level should bring 100 and 120 quickly

DenreleDave:
I think Btccc is the one holding it bk

It can still rally to 2.5 and above even... But majors tend to respect structure... looking at the weekly chart, 2.2 is also a significant weekly level for ada

Folks who bought heavily when it was 1 dolls a few weeks back are over 100% up and would likely be locking in some profits or taking them elsewhere.

The doge/betece chart is beginning to look interesting....seems like alot of room to the upside..

For those still in shib.... Noticed last time that shib pumped after doge...

Ibeme:
Thanks, exactly where I planned but I was starting to waiver.

Plan remains to take half of XRP at 1.45 and ride the rest to 1.90

ADA, I will take most at 2.45 and leave a 20% moonbag to ride till the day before mainnet launch

Good strategy...

Ada is starting to look tired at 2.2... it might dip a bit and flip 2 before continuation or slowly drag on...
At this stage, I think the probable ROI is netter with oda stuff that may not have moved much

So far, Betece>>>Eith>>>Ada>>>xrp
I'm wondering what major will be the next to go ballistic...
I'm guessing it'd be between bnb, doge, bch..
Wouldn't ruleout sol, uni or even ltc

DenreleDave:
Abeg which had news happen now?

Jedisco Openheaven2019 Ruben225571 and others


Did a relevant crypto investor died?

Market moves up and down... While not save yourself stress and stop bothering too much about low time frames

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

lavylilly:
#TRX going good, more than 70% profit from the bottom. Well, price didn't take a retest to our specified area, but took a strong bounce after broke the major resistance zone and retesting it. Re-buy opportunity missed. It's better to wait the pullback. $0.09 is the liquidity point. Next major Resistance level is around $0.112 - $0.117.

Good one.. lots of coyns have almost doubled from the bottom

Ibeme:
Thanks bro. On ADA and XRP, where would you jump off the trade? Volume declining last few hours, I'm wondering whether to pocket some

Ada ATH in usdt in 2.45... it's also approaching ATH in betece at 0.005. That'd be the next obvious target where I
On Ada, what has been happening over the past 3 months was it coming down to retest the previous breakout... But the strength with which it has ran back up the whole range, it wouldn't surprise me if it consolidates a bit at ATH and breaks out soon..

On xrp... Usd looks cleaner... Levels after 1.2 are 1.5, 1.75 and 2

jedisco:
On bnb...
Against betece, it had a good last day pushup and close above support... I'd watch this to see how it develops over the next few weeks...

Against usd (2nd), it looks like it wants 400. But then, its still struggling with the 330-340 region.... A flip of this level should bring a rally to 400...

That said, I just bumped up my stops across all my alyt positions... Most are in profit... If things dip, I want to have enough dry powder... If they don't dip, I'd take profit at resistance

Still on this.... Got to 400.. took profits but re-entered the market...

Looking at bnb/btc daily... It's formed a double bottom and about to breakout. Similar to ada before its breakout.. Usually, I'd let it breakout and retest before entry... But considering market conditions, I took some risk...
Converted some chunk of my betece into bnb... It feels good to be up in usd and betece

2nd is ada/betece before for comparison

Tamel:
Check LRC

Haven't traded it... Mk I look am

Ibeme:
Please let us know boss

My brother ur ada dey pop up... Got stooped out on mkr during the last dip...

Xrp is following suit...
Doge too... I'm expecting at least 0.4 from it from entry of 0.25
Bnb, theta/tfuel, link and ltc haven't moved much.....
Definitely, bnb and ltc should run since eith, ada and now xrp are causing havoc

The issue with chasing some coyns that haven't moved is that oneay end up being stuch with a bag. Also good performing coyns would rebound quicker during a selloff...
Most times, it's just better focusing on the performing ones

emmyniftyyem:
EOS! I expected better from that coyn.

Hehe...that coyn nd xtz reeks of disappointment

BTW, what good structure voyns are yet to pump or have not pumped as well?

Curious345:
Have been able to save upto 1m I. This ur crypt0 biz

Good stuff... Hope you have plans for your profits....

Ibeme:
Expecting to hold $45k and bounce off it

Jedisco are you considering trading ETH pairs rather than BeTC? I dey reason am for this period

As everything dey pump, I'm majorly trading usdt.. but using betece as a guide...
I generally trade eith on ada and link previously

When the market becomes more stable, I'd start looking eiths way

With eith and ada pumping crazy... Wouldn't surprise me to see other majors following suit... Stuff like xrp and ltc..

Sold some of my xrp at 0.98 2 days ago... But got back in at break even b4 e leave me waka...

Ibime:
Thanks. I have a position in this and I'll follow suit.

What do you think Shib can do if crosses 0.0000x1?

Not in shib...

After the daily close (arrowed) was holding on for it to come down and retest the daily support... Although it
It seems to be flipping it at this level...

On it, I'd wait for a risk defined entry...
Tryna be sure I've got firepower when a dip comes cos entries would be clearer and coyns will bounce quickly too

Ibime:
Have an unfilled order on Doge placed last night. It's like I'll cancel and place an order at spot rate

It depends.... It still has room... One could play it and put stops once it starts rallying

I played it off the Betece daily as it didn't fully reteace on the usdt chart...

Similar daily structure on link and theta...
Cycled some ada profits this am into

Link at 25... Targeting 27 and 30 as before
Theta at 7.... Targeting 9 - 10 and
ETC at 60... Targeting 80... (As eith seemed to be showing strength)

Now all betece needs do is behave

jedisco:
Hiccups did occur around 68 which seem to have been cleared..

Next level is 80 (arrowed) which isnt so significant... After 80, it's pretty much air until 100

Watching this keenly... It's beginning to show weakness... Failure to hold the trendline or get abv 80 soon and I'd cut... If it does get above 80, I'd be cutting my position between 90 and 97

It's been a good few days.... Took some profits off the trading table into my safehouse...
Only to be redeployed on a red week.... Nothing goes up in a straight line

Took some profits off ada at 1.8....

Stuff may continue to rip but let me see if I could compound a bit....

Against betece, it's had a good bounce off support and now close to resistance too