₦airaland Forum

Said I wasn't going to play doge again but took an entry after the close yesterday...

It seems to be bouncing off the 4hrly support...

Against betece (daily) - 2nd it looked like a good flip after the initial pump

Danniee:
Please Baba Jedisco, is SAND or AMP not a good buy than LTC presently? Kindly help with advice.

No idea... I don't move these coins so cant decide which moves first or last... Moreso, you're comparing coyns in different sectors of the market...
Ltc is a major, it's more actionable to compare it against another major than a micro...
Micros have their time in the market, majors also...

All said, if I was to take a position on sand, I'd rather wait for it to finish retracing and retest the weekly ema against betece, that to me would be a more rosk defined entry

With betece and majors doing well, if betece doesn't misbehave, I expect some micros to catch up in the coming days (some have already started moving) e.g chz...
Looked at my old micro list and scanned thru the daily and weekly chart of some both in usd and betece.. One caught my eyes... What do you guys think?
First and 2nd are hbar daily nd weekly against usdt... 3rd is weekly against betece

jedisco:
Structure wise, shib is a coyn I think its due a good pump.... Never traded this coin but just based on structure

The first chart shows the monthly structure and good structure being built...

Not in it yet for 2 reasons...
1. Dont like buying alyts on a green betece day
2. Its yet to claim the daily support.... I'd want it to finish its current pump, and come back to flip that support b4 taking position... Would keep an eye on this

Still watching this....

jedisco:
Good to see icp pump...
I've tracked it for a while and all its done is to selloff.. I believe it listed at the wrong time...just before betece restrace
Few days back, it claimed the daily support with a bullish candle close (pictured)... So I got in.... Almost cut it when it dipped below support and started looking like a fakeout...
Wanted to share here but decided not to as icp is still a relatively new coin....
It's difficult to say how far up this can go... But I believe it pumps good given the suppression its had... Targeting 100 on this with some hiccups around 68.... But ready to take profits once I see weakness... Of course, stops are in good profit

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

jedisco:
On the 4hrly ltc/usd chart, I'd take this as a flip of 150...... Took a small position there but I'm more about what betece is doing as betece can easily ruin this setup... But given eith has rallied, I'd usually expect ltc to drag on..... Most times, when ltc gets to resistance, betece then retraces

Against betece (2nd), its been disappointing for a while... But it's llooking like it could push up fa lil from here... I'd watch the daily close on it...

Wasn't a bad one to take a lil position on this.... On the weekly against betece, it was getting to a point where it started the last upward move... At least, one should expect a reaction there which should ultimately take it to the ema at least...

In usdt levels are at 180, 200 and 220...

Also at the earlier part of the year, ltc was usually the laggard...last to pump but usually pumps and hits resistance before betece retraces..... That'd be something I'd be on the lookout for

jedisco:
Theta has been quiet over the last few days after the initial pump....
It's one ive been watching...

Currently, it seems to be making a bullflag while consolidating under resistance and preparing for a final rally from the lows.....7-7.2 is the resistance to take... Target would be 9-10

Usually, I'd have taken this trade but not yet as I'm a bit cautious as betece is at 45-46k resistance..... A betece pullback will obviously ruin most alyt set-up..

The second chart is the daily... It's well abv the daily ema... If it remains at this range over the next few days, then the support would push up to meet price which would give more confluence

This looked to me like a good flip on the daily so I took a position.... Happened rather quickly.... Betece pullback helped to hasten events

Ibime:
One key thing I got to absorb from Jedisco writings is how coins in the same sector pump together and how whales love liquidity. You can see this in PSG volume against USDT today of $300m, making the top ten. You can also see all the other football coins with good liquidity and pumping together with PSG including Barcelona who are the ones that lost Messi and are in dire straits as a club. Crypt0 is a funny game. Often it's not about fundamentals but how narrative drives liquidity toward coins and the multiplier effect. Half these people pumping these football coins probably know little about football, they are just attracted to liquidity, that's why a club with wretched fundamentals like Barca is pumping.

Same reason why gaming coins pump together, NFT pumps together, Layer 1s pump one after the other etc. With ETH pumping now, you can expect a counternarrative for ADA to pump assuming BTC holds form.

Sounds like a buy the rumour, sell the news event... But with most fomo pumps, it's difficult to time how far up they could go

Ibime:
Some coins are testing 200 day EMA - NEO, EOS, AVAX and co. BTC is setting things up for a pump of large caps, especially the ones that can breakout their 200 EMA. Oga Jedisco please share thoughts on what you are watching with the large caps.

Still in most of the majors I shared here... Bnb, ada, link, mkr,xrp,sol recently added ltc nd theta.

But with alyts, I use both the Betece and usd chart to guage when to enter...
For now, I'm using already traded levels to guage when to take profits

nna777:
Still hodln my Betc position @ 33k 7. So many factors might not see us go below 40k except the bill blows over. The short squeeze comes to mind. We seems now to have left the fear range and we are now in the greed range. Some form of confidence has been restored to the market.

Yeah, there's incresed confidence in the market but crypt0 is quite volatile and sentiment can change quickly.....
The last support bitc0in tested was at 30k... Sooner or later, there'd be a rejection and I'd be keen to see where it bounces off.. till then, I'd take it level by level

On the daily, the hash ribbon has printed a buy signal for betece which is the fist this year.... This is quite an accurate indicator... All the same, no indicator is 100% accurate

I remember buying after the last capitulation. Rather, I should have rather waited for a buy signal to print...

It's is a HTF indicator and doesn't mean bitc0in will rally tomorrow...
For the immediate future, I'm still taking things level by level.... Have stops on my betece spot and will look to shave part if it rallies to 50k or even 45k if it starts showing signs of weakness... All said, below 36k is looking like a good spot for a long-term buy

Theta has been quiet over the last few days after the initial pump....
It's one ive been watching...

Currently, it seems to be making a bullflag while consolidating under resistance and preparing for a final rally from the lows.....7-7.2 is the resistance to take... Target would be 9-10

Usually, I'd have taken this trade but not yet as I'm a bit cautious as betece is at 45-46k resistance..... A betece pullback will obviously ruin most alyt set-up..

The second chart is the daily... It's well abv the daily ema... If it remains at this range over the next few days, then the support would push up to meet price which would give more confluence

Ibime:
Nothing can take me near LTC again..Waited a good three months to pump from February to May and it was just laggardly. LTC and XLM, two coins I will always avoid.

Hehe.... It's really been disappointing.... Getting stuck with such coyns when betece retraces is even more annoying

jedisco:
I like it when bitc0in and alyts pump in unison... It's much easier to identify and trade levels that way


Not trading this as ltc has been a mess of late... But for it, the next major resistance is at 180...
Lite usually likes to flip levels after taking them.... If it comes back to flip 150 and I see a good bounce, I might be tempted...

Another is link... Got into this earlier and still in it... On a flip of 25, next targets would be 27 and 30

On the 4hrly ltc/usd chart, I'd take this as a flip of 150...... Took a small position there but I'm more about what betece is doing as betece can easily ruin this setup... But given eith has rallied, I'd usually expect ltc to drag on..... Most times, when ltc gets to resistance, betece then retraces

Against betece (2nd), its been disappointing for a while... But it's llooking like it could push up fa lil from here... I'd watch the daily close on it...

Greenery everywhere....Feels good to be up in usd and betece...
On green days like this, I've learned to marshall out where to take profits not open new positions...

Mumben:
@jedisco, which app or site do u use for ur charts?

Trading view, binaz, and investing (dot)com crypt0 app

Ibime:
How come you place multiple orders at the same price. Is it to ensure at least one or two get filled? I've had one or two occasions of orders not getting filled.

Its a single order... But it wasn't filled at once

Ibime:
Boss what stage of the market do you think we are now. What levels for BTC would turn you super bullish, or are you still in swing mode? Some are saying we are in altcoin season but I'm yet to have that confidence until BTC recaptures the 200 day EMA. I am fully in FIAT now having played my last swings on ADA and XRP last week. Market did not come down enough for me to gain reentry. I look forward to your thoughts before I go FOMOing and the thing bite me.

Its difficult to say... I'm tilted more towards consolidation for a stronger rally towards year end.. But I'm not getting my hopes up... I'm playing what I see until betece clears 60k.....

For all intents, this might just be a relief rally than would role over to form a lower low.... Currently, I'm interested in what level this pump will get rejected and if bitc0in can forn a higher low then

Generally, bitc0in would respect market structure more than it does respect moving averages moreso at the extremes of a trend.... I've found most we more useful in an established trend...

At 30k, bitc0in was over 50% down from the highs, market was fearful, it was quite clear that 30k was closer to the bottom than it was to the top.... Even if bitc0in lost 30k, there was 25k and 20k which would have been harder to crack...

I don't know where the 200d ema is, but the issue is that by the time bitc0in claims it, price might be too vlose to resistance territory... Also, it may not hold following a proper rejection from 50 or 60k...

2funkyy:
Wouldn't it be the best option to just put money in savings ? Since guaranteed capital is what you want.

If I wanted guaranteed capital, I'd only be in treasury bills, stake stable coyns or even leave my money in the bank...

The crypt0 market is volatile...and volatility goes both ways.. one can lose big or win big... Protecting my capital is not same as guaranteeing it.

Ibime:
Boss what stage of the market do you think we are now. What levels for BTC would turn you super bullish, or are you still in swing mode? Some are saying we are in altcoin season but I'm yet to have that confidence until BTC recaptures the 200 day EMA. I am fully in FIAT now having played my last swings on ADA and XRP last week. Market did not come down enough for me to gain reentry. I look forward to your thoughts before I go FOMOing and the thing bite me.

...

I like it when bitc0in and alyts pump in unison... It's much easier to identify and trade levels that way


Not trading this as ltc has been a mess of late... But for it, the next major resistance is at 180...
Lite usually likes to flip levels after taking them.... If it comes back to flip 150 and I see a good bounce, I might be tempted...

Another is link... Got into this earlier and still in it... On a flip of 25, next targets would be 27 and 30

With betece getting closer to 45-46k, I'm not too keen on alyt trades yet ...

One I'm watching is xrp... It's had an initial pump and battling resistance between 0.8-0.84... if it breaks out and flips 0.8, a rally to 1 should ideally come quickly..

I'd look to add to my initial position if that happens

Structure wise, shib is a coyn I think its due a good pump.... Never traded this coin but just based on structure

The first chart shows the monthly structure and good structure being built...

Not in it yet for 2 reasons...
1. Dont like buying alyts on a green betece day
2. Its yet to claim the daily support.... I'd want it to finish its current pump, and come back to flip that support b4 taking position... Would keep an eye on this

Good to see icp pump...
I've tracked it for a while and all its done is to selloff.. I believe it listed at the wrong time...just before betece restrace
Few days back, it claimed the daily support with a bullish candle close (pictured)... So I got in.... Almost cut it when it dipped below support and started looking like a fakeout...
Wanted to share here but decided not to as icp is still a relatively new coin....
It's difficult to say how far up this can go... But I believe it pumps good given the suppression its had... Targeting 100 on this with some hiccups around 68.... But ready to take profits once I see weakness... Of course, stops are in good profit

jedisco:
Another coin I've come to trade more of recent is sol....

The usd chart is quite clear... Levels are distinct

Against betece (2nd), it's held up its structure quite well and had a stong finish

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.

jedisco:
Another coin I've been watching is uni...
Its one of the relatively new coyns (alongside aave, ksm, dot).
Throughout this drop, it held up its usd value relatively well. Got into a small position earlier on at 20usd... Hoping to ride it to 25-30...

Against betece, it's held support so far. This should serve as a fulcrum to push it up if it continues to hold....

Back to coyns...

Still hoping to squeeze 30 dols outta this... Eitherway, I've upped my stops... Looking to see if it can flip 25

nna777:
Mheen!!! As if we had a one on one discussion today. After the dip, I just staked my Ada n Matic as well as provided liquidity under the liquidity pool.

I haven't come here to encourage people to do same yet as I wanted to understand both at least for a 3 month period so as not to mislead people. So far so good.

Staking is basic (self explanatory). You lock your coins depending on what is available (30, 60 or 90 days) at a certain %. Once the days are over, you get your coins back plus additionals based on the percentage.

Yeah... A good number of times I just do the flexible ones where I can pullout when I want... The interest isn't as much... But its good money when I convert to naira... Moreso, it's money made by doing nothing

Finally, regarding protecting profits, I always aim to have some fiat at most times....

Nothing is fixed and sometimes, one has to join a moving bus...
But my ideal situation would be to divide my portfolio into 5 parts...
One part is likely to remain mainly in cash except in extremes...

The remaining four parts is split between selected coyns...

Once I sell a coyn for profit, part of that profit is moved out...... Or locked in savings or staked... No matter what (except in extremes), new capital would not be deployed on a crazy green day... I'd rather deploy it at majors on a red (on support) on a red week

I trade size and I'm not in a hurry to multiply my account size... I'm more interested in protecting my capital..
I already know how much capital I've deployed... When I move a good chunk all out in profit, I can then start looking at how to multiply the rest..

Like I say, na my plan be this

Generally, I believe one doesn't necessarily need to know charts to trade crypt0 successfully... In crypt0, making money is not difficult, keeping it is the hard part.

Certain principles rule this market..
one is knowing that no body can time the top or bottom... Hence the need to average in...
Second is knowing that the market ALWAYS has a way of tricking the majority at the extremes of a trend....hence the need to plan b4 hand...
Third is knowing that the market is volatile hence no need to fomo...
Fourth is that one is more likely to make and keep money trading fewer coins hence I don't spread myself thin
Another is that betece and eith (to a smaller extent) rule this market... I use them as my bench mark... I don't go around fighting a market I cannot control.



I'd explain certain things that saved me during the last selloff..
After experiencing previous bitc0in rallies, experience has taught me how brutal the market can be when it turns...and there's no guarantee of not being caught offside... The good thing is that an alyt run gives one enough time to make money... Hence, as far back as January when PDOT pumped from 4 to 20, I had started locking in profits into less fluid or volatile assets... As the market wore on, most of what I was trading was profits I made...
Those here know I mistimed the selloff averaging in a bit early (funny enough, I even deployed some new fiat)... But when all the dust settled, the only ish was that I gave back some profits to the market... Not whether I was at loss or not... It was the profits I had locked in that I deployed slowly during the dip......

The problem with keeping raw usdt on exchanges is first security and the fact that one can be carried away by greed/euphoria to make wrong decisions...

I trade multiple markets... I've said it multiple times that I have no problem keeping treasury bills for 1 year at 10%. The only reason I liquidated my treasury bill was cos of the devaluation of the naira... I have never seen anyone who's target was 10% pa who had problems trading crypt0...

Bitc0in tends to make 2-3 strong moves every year... It's on these moves that most money is made or lost.

Sometimes, I lock in profits into gold, certain slow moving stocks or real estate... So when crypt0 nukes, I recycle those profits....

My point is simple.... There's a good chance bitc0in might go on another rally towards the end of year or next year... I have started planning already how to progressively lock in profits...so that when the market nukes (it definitely would), I wouldn't be blame China...

I'd share final thoughts on this in the next post

Still on planning trades...

I don't know how many people have visited the 'services' page on binaz (for those who trade there)

For those who trade long-term, rather than hold coins in spot, it might be worth looking out for staking or saving options... I like the options there cos it suits my macro trading pattern....
If you're worried about your coin pumping when its locked, then there are flexible options with lower rates...

Worse case scenario, the interest would pay for the transaction fee when you want to sell the coyn...

The con to this is that you have to take your coyns off the market to benefit...i.e, if you set a stop loss or sell price, you cant use that coyn.... Sometimes, I prefer to set my sell price nd go to sleep... ..

People need to understand that crypt0 is large enough to contain all ideas... I don't necessarily get annoyed when people counter my ideas.. There are thousands of folks gere and it'd be wrong for everyone to think same way.. What gets me triggered is when folks attacking are not showing a sensible alternative... Like I say, if you have a way to navigate the market, share let us learn.

Most of the stuff I learned in crypt0 were from folks who had opposite thoughts that I had at the time... Infact, if I'm bearish on betece, I have to weigh up the bullish argument to be comfortable in my decision...

I've said it multiple times here that there's no crystal ball anywhere... There's no free money in crypt0... Plan your trades and trade your plan.

KaluwisxPRO:
IMO you are doing too much in Crypt0. The market does not care about fundamentals when it comes to crypt0, this is why a lot of you guys gets burned.

This is not US stock where there are regulated traders. Right now, the market is being pushed by mere FOMO, and it’s all on the bandwagon of BTc at the moment. DEFI on the other hand is the only sphere of crypto that is seeing organic growth because of the continuous development of the protocol to adopt more traditional banking activities into Defi.

First crypt0 is a relatively new and largely unregulated market... The first thing folks need to understand is that there's no free money anywhere.... I personally believe one doesn't have to be able to read charts to navigate the market successfully. There is no crystal ball anywhere where people see the future of the market..

Secondly, crypt0 is an over 1trillion dollar market... Markets that big move due to certain factors. What I share is how I navigate the market

I do not make predictions all I do is share thoughts on the market. There are parts of crypt0 that I have not ventured into in ages...the market is wide enough to contain everyone... If you have alternative thoughts, then share them so we can all learn.