₦airaland Forum

Sailor1:
Update on this...

Trade triggered... A reason I so so much believe in the 4th attempt... Been patiently waiting for alerts... Looking to average in slowly...

Converting about 30-50% of my eith into ada once the dust settles.
Take profit levels are well outlined... If it gives me ATH against eith, I'd gladly take it. It's not everyday a major hits ATH against eith.

Sailor1:
This move saved my portfolio from a significant drawback...
Eith used to be my largest alyt stash and moving it into ada preserved my stash...
...

jedisco:
For my ada folks....
Looks precarious agaist eith... Almost at a bounce or die level...

Let's not forget most alyts have done really well against eith for several weeks... Not unexpected for eith to try nd take its place...

An eith rally in a bull run usually has a significance to the wider market... I'm trying to see what this would mean if it continues

I've come to see that if you play the bull cycle between majors well, one can navigate this market for most of the bullrun avoiding significant dips in ones portfolio even when betece pullsback

Seeing eith double in the last 2 weeks and not having a good slice wasn't nice... Moreso given eith used to be my benchmark...

I used to play the link/eith chart before, and of recent, it's been the ada/eith...
Caught most of the upside move of ada against eith early this year but not the reverse... Good thing is that I stacked ada ( smarter move would have been to be in eith instead that period)...It's quite easy to get distracted in this market...

Now I'm back to majors... Ada is at weekly resistance against eith again.... If it flips the 0.06 level, then good chance it'd continue its rally to 0.08 and 0.1... Good thing is that it might just have created a higher low

alashelee:
Are you on telegram chief?

I am...

Loverboy3333:
Hello boss, good to see you are back.

The market is shaky now, and some persons are saying we are already in the bear season or the end of the bull run, I want to know your opinion on that because I'm planning on deploying fresh fiat into it and considering holding for at least 3-5 months without taking profit , and also dont want to be caught in the bear market.

If and if, when will the bull run end?

How long does a bear season usually last

Thanks alot

Some of the questions you asked are ones I usually don't answer... But it's Saturday and you sound new so I'd indulge...

1. First you have to understand how crypt0 (and markets in general) work. There are millions trading the market and it's not free money. If an overwhelming majority of the market think bitc0in is strong and would only go up, you can be rest assured it will not do that. Same also for the reverse. In essence, you want to be buying bitc0in when the majority think it's 'shaky' and going down and not the opposite.

2. Trying to time the top of a cycle (bull or bear) or when the cycle would end is something I don't do as it's an easy way to rinse myself out. I'm more interested in knowing when it's a good opportunity to buy and when its a sensible time to take profits... Trying to time the exact top and bottom has never worked for no one.

3. A good number of people are scared and waiting for bitc0in to dip much lower. I can assure you that if it dips to say 42 or 38k, the fear in the market would be much more increased and such people would still not buy. Rather, they'd be waiting for 30k or 28k. Some folks only know to buy FOMO. If bitc0in now rallies to say 65k, same people and the market becomes greedy, same people will come out and say if bitcoin dips to 46k, I'd sell all my property and buy...lol.... I've seen that happen over and over again with every top and bottom. There's no bitc0in dip that didn't come with FUD and no top that didn't have FOMO

4. Regarding whether I'd be deploying fresh fiat to the market at this time, I've answered that in the last post. I don't believe the top of the bull cycle is in... Rather I see this as an opportunity.

I started building a new medium term position on xrp during this dip... Got some at 1.26...

It's been cooling off for a while and with xlm showing strength, wouldn't ve surprised it picks up in the coming weeks... Another major I'm looking at is link and xtz...

Also, the dot/uni/aave/ksm group which rallied in January/Feb this year and have been ranging since seem to have started picking up

jedisco:
Good you're making profits..
Alot of people say my terms are alien... It's difficult to explain certain things in a text... With time, some terms in crypt0 will become obvious...


Ada is a sweet one... The base it built was fantastic...

After doing x5 earlier this run, it spent several weeks building a solid base between 1 and 1.4...
The interesting thing is that all the while it consolidated in usd, in was gaining against betece. (2nd pic)... That's strength..

It's cos of that I wasn't bothered when it was ranging and instead added on dips...

I'm quite bullish on it and think it can easily do an x3 over the next few weeks....... Though I don't advise holding only one alyt, but if I was to chose one now, it'd be ada...

My next target on it is 2... Might cool off/ dip there for a while..

When stuff is ready, stuff is ready...
Ada repaying my resolve to load upon it when it was between 1 and 1.4...
I had spoken so much on ada that it obviously was my largest hodl bag

It's taken 2 dolls and I'd let it run and see where it stalls...

Funny thing is that even with the Betece pullback, my portfolio has been up both in usd and betece thanks mainly to ada and doge....

dogtails:
@Jedisco what's happening to doge and when do u think it will likely bounce back cos right now doge has dumped badly...

Still same targets as yesterday posted below..

jedisco:
Doge... Slowly getting there...

Points to note....
Previous high at 0.45,
21d ema at 0.42
Support block around 0.36-0.32 if it wicks below the 21d ema...

The 21d ema/previous high is still being respected...
Bullish divergences are beginning to form on the 4hrly

If betece dips further and it wicks down to 0.4 and below, that'd be a sweet opportunity for me...



On this....
Doge has been a sweet one to trade over the past few days...

My lowest entry on this last dip was at 0.36... (Didn't fill my bids at 0.32)
I've disposed some off and would be looking for a dip to 0.45-0.5... the liquidity is there, the levels are defined.... It's making 10-20% moves look like a walk in the park...

jedisco:
I started getting skeptical of this betece pump today with the repeated rejection off 60k and so much exposed liquidity below. The rally has not been a very healthy one with lots of stops exposed... It looks like the typical stairs up, elevator down...

Also, another thing to consider is that eith has been rallying for the past 2 weeks, usually an eith rally is finished up by a proper selloff as folks look to take profits.

I believe the bottom of the larger correction is in ans its only a matter of time before betece leaves this range. But then, price will usually seek liquidity. This drop has triggered 2 stop zones, There are still 2 left....


I'm looking to see how the current 4hr candle closes... If it closes bullish, then betece should respect this level at least for sometime and at least a relief rally, if it doesn't close bullish, then I'd tilt towards a further dip in the nearer future to around 52k to clear remaining liquidity.

Came down, cleared the whole range and more importantly, retested the 21 day ema

It took a while but after 9 months and lots of waiting, bitc0in finally revisits the 21 ema, unfortunately didn't have as enough to load up as I had wanted... I'm taking some profits on the rally up to reload at the lows if it revisits again

It's at these levels that on betece (in a bull market) I can buy, go to bed and forget what the market does in the short-term....

Generally, bitc0in does not rally without fomo and never sellsoff without FUD... It's either one trades to buy fud and sell fomo or buys fomo and sells fud

Uchmonia:
My dear people I wrote you a massage,

Please check your email and revert I will appreciate.

Thanks

Would prefer discussions are done here for privacy reasons.

Comp with a clean bounce off the daily support (1st chart)

Also looks to have broken out..
I like playing breakouts.... Got some at 880...

With eos pumping, could tezos run its way back to 8 after an initial bounce
Lets see... Got in at 7..

Lots of good set-ups appearing on alyts... Only concern is that betece is approaching resistance and another rejection will lead to a further pullback... That said, I expect this betece range to hold for a while with betece ranging. I'd look to complete trades in that time

Moda1:
I'm hooked

How are you hooked?

It's above at 39 now, the previous high was 44.

Sold yfi I bought earlier yesterday around 67k for 85k and 90k
Reason is that it's at resistance against betece...
It can flip the level and continue pumping... But I prefer to take profits at resistance and observe

I've got alerts set at 1 (dotted line) against betece... Would be a good place to expect a bounce on a pullback

Xlm... Previously broke out of the 70 cent resistance....

Betece pullback caused a selloff to 63k which is being nicely bought nicely...
I'd be bidding a bounce around .67-.69 level and hoping to ride it to ATH...

Good chance xrp follows suit

Ltc has typically retraced almost all its rallies this year to retest breakout zones....

With betece looking like it'd hang around these levels a bit, I'm bidding this to return trip back to 415-420.

If many of us use the report function to report this chap under rule 18, then he should get banned from this section by the mods.
I suggest we do that

Notyamate:
@Jedisco please we need your analysis on Betece.

I started getting skeptical of this betece pump today with the repeated rejection off 60k and so much exposed liquidity below. The rally has not been a very healthy one with lots of stops exposed... It looks like the typical stairs up, elevator down...

Also, another thing to consider is that eith has been rallying for the past 2 weeks, usually an eith rally is finished up by a proper selloff as folks look to take profits.

I believe the bottom of the larger correction is in ans its only a matter of time before betece leaves this range. But then, price will usually seek liquidity. This drop has triggered 2 stop zones, There are still 2 left....


I'm looking to see how the current 4hr candle closes... If it closes bullish, then betece should respect this level at least for sometime and at least a relief rally, if it doesn't close bullish, then I'd tilt towards a further dip in the nearer future to around 52k to clear remaining liquidity.

dogtails:
@Jedisco what's happening to doge and when do u think it will likely bounce back cos right now doge has dumped badly...

Still same targets as yesterday posted below..

jedisco:
Doge... Slowly getting there...

Points to note....
Previous high at 0.45,
21d ema at 0.42
Support block around 0.36-0.32 if it wicks below the 21d ema...

The 21d ema/previous high is still being respected...
Bullish divergences are beginning to form on the 4hrly

If betece dips further and it wicks down to 0.4 and below, that'd be a sweet opportunity for me...

Moda1:
What about Uni ?

Ditched it at 42... Wasnt comfortable with the amount of time it was spending between 40 and 44... I didn't want a repeat of doge

felzylix:
@jedisco
What’s your analysis on Et.h please? I believe it’s gonna ride to around 4.5k and then retrace to around 3.6 -3.7k. I’d like to sell and rebut when it dips. What’s your take please?

An eith rally is usually finished off by a proper selloff as folks take profit...

Getting in after it's sold off aint bad as it'd usually rebound to previous highs...
But the smarter play IMO after an eith selloff would be getting into other majors cos they'd usually cactcup and do so quickly...

The only thing is that eith usually pumps higher than most expect and most people are not as exposed to this eith rally

Yfi.... Coin wey no wan move all this while don finally vex

Cannicus:
Is Doge a major bro?

Any idea what's making EiTH fall?

Traditionally, its not...

But currently, its the 4th largest cap by volume and it's held that for a while..... So it's technically a major for the time being

Notyamate:
Boss I want buy more ADA, I already bought some yesterday at 1.57 before it rises this morning. What's a good entry for re-buy?

Also I think $Link has built a resistant at 47, what do you think of it?

Just like eth below, if they're going to go on a run, they'd likely hold the 21 ema on the 4hrly chart as support... Why not aim for dips to that level if looking to add more size....

I got some link at 47 and added at 49.. Technically I believe link has broken out.. just needs betece to remain level headed

DumaEmpire:
@ Jedisco. Do you think its wise to get some Btt now its on a little dip. Or wait abit more

Not really into the coyn so I'm not in tune with the structure.. but then, except, it breaks its previous high, I don't see much to trade in it...

Eith is still showing strength, I believe majors will follow afterwards.. my pick would be ada, link and maybe ltc

jedisco:
Doge... Slowly getting there...

Points to note....
Previous high at 0.45,
21d ema at 0.42
Support block around 0.36-0.32 if it wicks below the 21d ema...

Was able to catch 2 bids on this...
Sold part early on and the remaining at 6....

Bought again at 0.55 and plan to sell as close to 6 as possible.
Made up for most of my stops...

Looking back... I'd say I played doge wrongly.... I played it from the top like when it was still a microcap... The play should have been from the bottom considering its liquidity..... Was too focused on possible tops rather than catching the dips..

Two things you can't take away from doge now is the volatility and the liquidity...

Already, I'd say there's a cheat code as the range is clear... On the way up, main resistance was at whole numbers

Waiting for the daily close today...
Got good bids set lower down... Wouldn't mind waking up to see them filled and repeat the process again tomorrow... If it keeps rallying, good and fine, I look for the next dip.

dogtails:
As doge don drop everyone has turned motivational speakers...Where were y'all when doge was pumping and y didn't u drop this speech then!!! Anyways goodluck to every trader out there

Hehe...
People say retrospective vision is 20/20... It's always obvious when you look back

iceberg02:
Thanks for your reply, can I buy all this coin on binaz? And how do I know when to sell?

Yes there on binaz ..
It's you that'd determine when to sell.

Quite rare for a major to selloff and the whole market doesn't react... Whether it's xrp, eith or even doge....

Seems the market is now reacting to the doge selloff....

DumaEmpire:
I like this guy

Meanwhile below is a picture of those that bought Doggy Doge at 0.70 cents desperately looking for a reason not to fall under depression this week

Hehe... Lets cut folks some slack...

I also bought doge at 0.7 and was stopped out at a loss...

People are on and about about how doge will make people poor... I don't see what doge has done on this retrace that other alyts have not done in this space.

Xrp dipped from 0.6 to 0.2 during the sec stuff, recently, it dipped to 90cents after hitting 2 dollars...
LTC and link have been fully retracing all the rallies they've had this yr... And many others.
Even betece has deep retraces.

Looking at the big picture, there's been a massive pump on doge, and there'd be a retrace... I'm sure deep pockets are well positioned to buy off a capitulation... The liquidity in doge will not disappear overnight.. it's the liquidity that draws me in... I wouldn't ve surprised to see doge trading at previous highs within 2 weeks...

Doge... Slowly getting there...

Points to note....
Previous high at 0.45,
21d ema at 0.42
Support block around 0.36-0.32 if it wicks below the 21d ema...

Notyamate:
Now the profits from $Doge can circulate to other coins.

Doge has not stopped other coyns from pumping...
Afterall, eith has been doing its thing... The liquidity on it will still be there for a while...

It dumped to 0.15 after the last rally and still found its way back to the top

nihilistjnr:
Las las the smart move was to jump back into Eith jejely that yesterday

You won't ever hear me talk about any other coyn again.

My own lesson has been learned.

Lol.... You've always been an eith guy... Wonder why u abandoned your beloved

mike8804:
bro any analysis on TRB(tellor) for next week?

How I go take know what a coyn will do next week?

Not a coyn I trade....Moreso betece seems to be dealing with resistance.... Alyts generally dont do well when betece is at resistance.. for now, I'm more focused on certain majors till there's more clarity in the market