₦airaland Forum

jedisco:
Converted my link into betece at 0.088... which is resistance..

LTC/btc on the other hand, looks like it has more room to expand

Of recent, I've been using the Betece pair more often to know what alyts to enter and also when to take profits on alyts as it's usually cleaner....

Since betece is largely ranging, my focus is to increase my usdt but also betece value. If an alyt isn't going to outperform betece, then I'm better off in betece

With bnb, I got in at 350, target is previous high against betece at 0.012 which is around 20% away... Most times, that'd correspond to a significant resistance area in usdt...

jedisco:
Been trading less as market has been choppy.... Focusing more on betece

Obviously, betece has got into a bearish trend...
No need denying it. Questionn is do we have a reaccumulation period before continuing the rally later on this year?

Obviously, tight now, thee market is divided... some are underwater praying for an exit pump while some are praying for lower prices...
This chart has been my way of keeping things simple and identifying entry and exit points mainly on betece or select alyts....

Betece has been in a symmetric triangle since the selloff and bouncing off 30k... Many times (not always), these are continuation patterns and usually continue the previous trend which was down..... As with such patterns, it's best to play them is on confirmation of a breakout or breakdown (though I've been playing within)

Certain things here are
1. With a breakdown below, and confirmation, then likely it may get to below 30k... Wouldn't be bidding 31k if it breaks down.....

2. A breakout above and confirmation, then likely a retest of the previous breakdown region around 50k in the coming weeks...

3. Within the triangle, I use the 4hr ema as a guide (purple line)... Targeting the top or bottom depending on if price is able to flip it...

4. Worth noting that such patterns, the longer price remains in the triangle, the weaker the price action after a breakout... Also, there can be fakeouts in either direction which is why I wait for a confirmation...

Finally, betece will usually respect structure... Just like 40k was resistance, 30k is support... So even though the trend is bearish, does not mean price will go down in a straight line just like it didn't rally in a straight line either.. In essence, betece can chop around 30k longer than most think and when people start getting comfortable, it makes its move...

P.s if price dips below 30k, I'd be more focused on longer-term accumulation than trading or timing the bottom.

On this.... Nice flip of the 4hrly ema...
Got into some alyts early on and targeting the top of the traingle...which currently is around 38.5k...

At this stage, I'd say there's a good chance this breaks to the upside causing a relief rally... Taking things step at a time

obi4eze:
Thanks sir. But the long term bearish trend will only be confirmed once we have the 'death cross'. It's not happened yet but once it happens, beeteecee would have slidden further. There are definitely bids around the 30k support which has held firmly for few weeks. Short term, I think is bearish but the big picture is still bullish. I expect some range between 35k ish and 41k for a while to build up market confidence before the bull run restarts. I have bids at 33k in anticipation of that.

The death cross is too much of a lagging indicator with lots of fakeouts. It's nice to be used retrospectively but in the real-time, waiting for it can deal one enough havoc...

Of course, the big picture is ultra bullish... I also don't think the bullrun is done in the macro sense..... Just a consolidatory phase and that bitc0in may not be putting in highs asap...

At 30k, betece is >50% from the top. If the market is going to consolidate, then further downside on it (if it comes) would not be that much.... For example, if I sold at 60k, I will be laddering in bids from low 30k

VillageHead:
This man is just wasting his time and money.


He hasn't been educated that the game in Anambra isn't for the best fit but the most crooked.

I still do not understand the rationale behind leaving his highly proclaimed profession and achievements to come swim in a dirty river of politics.

How many years as he lived in Nigeria recently?
Has he passed through the tutelage of Nigerian politics?

Everything about politics isn't about money, achievement and likability, but strong heart, I mean a heart that is depraved and evil.

Has he the mind to twist and break hands?


I pity him!

Even Soludo too will be disappointed.

Is it the river that swallowed an elephant that a mere tortoise is gearing up forcefully in a wrapper to wade through?

I pity him honestly.

If candidates like him don't come out, which other candidates should run? The typical career politicians in Nigeria?

Also, before Obiano won the election, he was based in the U.S...

That candidates like him and Soludo are frontrunners in the race is a good thing for Anambra

Been trading less as market has been choppy.... Focusing more on betece

Obviously, betece has got into a bearish trend...
No need denying it. Questionn is do we have a reaccumulation period before continuing the rally later on this year?

Obviously, tight now, thee market is divided... some are underwater praying for an exit pump while some are praying for lower prices...
This chart has been my way of keeping things simple and identifying entry and exit points mainly on betece or select alyts....

Betece has been in a symmetric triangle since the selloff and bouncing off 30k... Many times (not always), these are continuation patterns and usually continue the previous trend which was down..... As with such patterns, it's best to play them is on confirmation of a breakout or breakdown (though I've been playing within)

Certain things here are
1. With a breakdown below, and confirmation, then likely it may get to below 30k... Wouldn't be bidding 31k if it breaks down.....

2. A breakout above and confirmation, then likely a retest of the previous breakdown region around 50k in the coming weeks...

3. Within the triangle, I use the 4hr ema as a guide (purple line)... Targeting the top or bottom depending on if price is able to flip it...

4. Worth noting that such patterns, the longer price remains in the triangle, the weaker the price action after a breakout... Also, there can be fakeouts in either direction which is why I wait for a confirmation...

Finally, betece will usually respect structure... Just like 40k was resistance, 30k is support... So even though the trend is bearish, does not mean price will go down in a straight line just like it didn't rally in a straight line either.. In essence, betece can chop around 30k longer than most think and when people start getting comfortable, it makes its move...

P.s if price dips below 30k, I'd be more focused on longer-term accumulation than trading or timing the bottom.

janga:
it’s been a while am into the game so nothing like unrealised profits to me. well am a leverage day to day trader and mostly trading on future. spot trader is like nothing to me

Ok then...

I don't trade leverage... To me, crypt0 is volatile enough to make money trading spot

mike8804:
well I understand, but I had the same belief until I tried my hands on phoneum, mined 20k PCs and sold it on probit

Toh... No wahala...
I got no interest in pi just yet

SteveOfu:
You got this all wrong. Watch out for pi

No p.... I'm watching

SteveOfu:
Yes, check my signature and sign up.

I have always talked about it from the day I joined this thread but people like derenledave called it a scam.

I have been in crypto since 2017.

Hehe... This man... you're always present when pi is mentioned

You've been in crypt0 since 2017 and you're stuck on a worthless coyn... No wahala... Continuu

handsomebolanle:
Have you heard about Pi to go mainet by December... and what's your candid opinion on that...

I have always believed that pi stuff is equivalent to scam and just a data harvester...

Like I said a while back, making a crypt0 coin is not difficult, we have thousands of them... So I see no reason why I'd spend my time minting a worthless coyn... Even if it goes mainet, would it be different from the others in the market...

With the way a good have been 'mining' it on their phones for years, it'd likely be another sh*t coyn...
Either way, in this market, there's no hurry... When it gets there, we'd see what it does

Pleasant01:
I have a problem with the bank account I registered on binaz.... I tried using another person's bank account but the account name can't be changed... pls sir can you sell to me... you are an active nairalander so I think I can trust you

The bank account name has to match the binanz account name... You can change the bank account or register a new binaz account
Or are you going to be frequenting nairaland anytime you want to deposit ir withdraw?

Apologies I don't offer that service.

htdot:
Why is it that when bitcoooon dip other coin follow suit.. is it that the liquidity of other coin are been channel to power beeteecee?

It's simply because bitc0in controls this market... At least, for now...
Don't foght it... Rather use it to your benefit

janga:
$Chz with entry 0.28990 already on 78% in lessthan 24hrs, mostly i will have like 5-10 open position in future trading

With leverage trading, the general advice is that if you feel the need to share your unrealised profits, then perhaps it's time to take profits

OpenHeaven2019:
Jedisco focused on more serious things. He is probably the scammer looking for who to scam.

Another possibility...... Let's give him a chance though

.

darediamond:
When people lack adequate knowledge about Trading tradeable assets, they tend to make serious mistake about what A PROFITABLE TRADING IS.

Making profit continually is About Time.

Timing as to The Rigth TIME To Buy And Sell not once nor twice, but continually.

When a trader understands this MAIN FACT, all He Or Would Be Thinking About Is AVAILABILITY OF EVER ONGOING PRICE FLUNCTIONS IN ANY MARKET.

It is From the constant price fluctuations that PROFITS are regularly extracted.

There Never A People The Market is Not Bullish and At the Same time Bearish. It o ly depends on your view of the Market.

Free Money Is Always Available to share

It's easy to look back and see all the times when one could have bought a dip and sold the rally... But I know that's not possible... one would likely get rekt trying to chase every move in the market.

I prefer to trade higher time frames... Or aim what dips to buy and rallies to sell

Burchester:
Which app is this ?

Bina.na.nce

Pleasant01:
pls I want to buy usdt..... anyone selling?

What stops you buying on an exchange to avoid getting scammed

On the current Naira dilemma

Who else has noticed the rat race between the official rate and market rate? For the past 6 years, the official rate has been chasing the market rate....
Fact is as far as some privileged people can access the naira at 410 to a dollar for whatever reason while the market rate is 500, the Naira is guaranteed to continue in a downward slide...

That's part of the reasons why a good number are in crypt0 and the reason I had to liquidate most of my naira investments a few years back....
Over the last 10years, someone who simply held the dollar would have performed better than 99% of those invested on the NSE... I remember sharing how 1000usd worth of First bank shares bought at 14naira per share in 2011 will be worth 120 usd today...

This is not advising folks to trade crypt0 as that's a personal decision. But then, the good thing is that folks can benefit from opportunities that abound in crypt0 without trading.
One can simply buy stable coins and stake for a fixed duration with rates of upto 7%apr... by holding stables at that rate, you're performing better than almost all naira denominated investments while avoiding the volatility in crypt0. Whenever the CBN decides to stop subsidizing the dollar for the rich, and both rates merge, you can easily sell back into naira.

Like I tell people, if you lose in crypt0, you have no one to blame except yourself.

This is also beneficial to crypt0 investors as we've come to see.. Bitc0in has had >25% dips each month for the past 4-5months... buying the right ones is an easy way of making money in a bull run. It's not all about owning a coyn... Having fiat to buy the right dip is also important. Locking in profits is an easy way to make sure you don't tamper with them

That bitc0in is pumping/bouncing does not mean its bullish and that it's not stagnant does not mean it's bearish....

Looking back, bitc0in showed bearish tendencies for sometime when it was bouncing off 50k to 60k...yet most in the market thought it was bullish....

P.S.... this is not a bearish or bullish post... It's simply about knowing your invalidation points and when to change bias so one doesn't keep flip-flopping

Converted my link into betece at 0.088... which is resistance..

LTC/btc on the other hand, looks like it has more room to expand

Alot has been said about trading..
For those new in this space.. don't get carried away... Most longer-term holders perform much better than the average trader with much less stress...

The most important thing is knowing when to buy

PlayMaker14:
Feel free to engage yourself.

Run along ignorant boy

PlayMaker14:
It seems you're visually impaired....

Didn't you see Fabio Capello in my comment?

The issue with most of you folks who only watch the premier League is that you think football starts and ends there...

FYI, Italian coaches are one of the most travelled... An average British coach/player hardly ever leaves Britain......
And BTW, there is equally nothing bad with people deciding to stay in their home country...

I wonder what Alegri leaving Italy has to do with him being a fine coach....

PlayMaker14:
This "Merry-Go-Round" in the Series A is really de-marketing and causing stagnation in the league.

Gennaro Gattuso; AC Milan > Napoli > Fiorentina.

Masssimilano Allegri; Juventus > Sit-At-Home > Juventus > Sit-At-Home > Juventus.

Gaspperini;. Seria B > Inter Milan > Atlanta.

Apart from Fabio Capello, Carlo Ancelotti and Antonio Conte who have embraced challenges from different leagues, the average Italian football coaches will rather remain docile and remotely controlled from one Italian club to another.

Say what you know...

More Italian coaches have coached in the English league than English coaches in all the other European leagues... Infact, an Italian was the coach of the English senior team not too far back...

Also, Allegri had coached other Italian sides including AC Milan before moving to Juventus.

How many English coaches have coached in other big European leagues?

Ibime:
Is there a minting chart we can track (not marketcap) for stable coins?

Nope... None i know of

Ibime:
ETC and YFI doing me well

Good pumps...

I had set alerts on yfi/betece at 1.0 (the blue arrow which it coincidentally held last week) after riding the last pump.. unfortunately, betece was nuking when my alerts went off... Decided to keep off. Stuff dipped to 0.8 and rebounded... On the 4hr chart (not attached), it seems to be making what looks like a bullflag into the 4hr ema support.. I'd eith bid a bounce, or wait at 1... If it bounces there, targets will be between 1.45-1.6 on betece... Wouldn't be so keen on holding further as last weeks candle wasn't so nice....

On ETC... Finally made a higher high in usd.. obviously I wouldn't enter a coyn that pumped 25% already... 2 things here... If it flips 80, I'd get in and ride to 120... Otherwise, I'd wait to get in at 60...

Of course betece has to be sensible for these to play out

While following such transactions can be difficult and even moreso to actionably trade, there's definitely been a sharp increase in the volume of such minting since the selloff. Been seeing a good number of such high volume mint and transfer into exchanges... Similar scenario at 10k.. Seems some folks have been patiently waiting....

It'd be interesting to see how much net increase in stable coyns by months end...

This is not saying bitc0in moons immediately.... Remember the 50-60k distribution ranged for about 3 months... reaccumulation too wouldn't complete in 2 days... But so far, signs are good

Mumben:
To all d crypto traders in d house, please I have a serious question. Can one trade crypto as a full time job? Like how much capital will one require to be able to generate reasonable amount of profit weekly or monthly? Please help a confused Mum. I am currently unemployed so my reason for asking.

That's not how crypt0 works... You're much more likely to make a loss than profit if you approach it that way...
Day trading requires time, skill nd lots of oda things....
I remember advising some people earlier on this thread against day trading.... Most lost hugely and disappeared....

Before you start day trading in this market, it's advisable to have traded it for at least 2 years.
It's much easier to approach things from a higher time frame... You end up making and keeping more than most daytrading...

Also, crypt0 is best done as a passive investment with very clear targets of when and how you want to take profits

Cowbell521:
U must be stvpid for saying that. Ur brain no tell u say person wey never chop no fit put $8k to shit coin? I don lose over $10k in the past 4 months nd I still dey as I dey.... The wey u take see $100 fit be the wey I see $10k.... U gerit?

Please let's be civil in our conversations....
The person you quoted made some valid points too.