₦airaland Forum

jedisco:
Betece dips can be a good time to target strong coyns which have just broken out of consolidation range but are forced to retest support as betece corrects... Usually, they'd continue their upward trajectory once the correction is complete, they run fast...
Recent breakouts have been aave, dot, ksm and atom.

On Atom, an entry between 24-25 should be one to keep for sometime.


On ada, I took some off at 2.45....
It's hyperextended from the 1hr abd 4hr support... Will look to buy back close to support... I don't believe it's rally is near finished..just looking to compound profits... Same with xlm...took some off at 0.78

My decision to take profits off Ada and xlm wasn't a bad one....

I will be bidding their 4hr support...

Talking about the 4hr 21 ema support, most majors use this support as a bounce off region when they begin an uptrend. I use that to know when to sell and time re-ntries to compound profits and guage when the rally has began to show weakness..

The first chart is the 4hr chart of eith which I shared a while back. After clearing 2k a while back (blue price line) and beginning an uptrend, It kept bouncing off the support until it toped out and lost that support... Safe to say it'd consolidate for a while now. It's also worth noting that throughout this time when eith doubled, Bitc0in looked shaky...

2nd chart is on ada (not as clean cos the rally has just began).. It's taken the 1.5 resistance level and flipped it.. I'd start averaging some profits back in around the 4hr 21 ema support which is around 2-2.1 dolls currently (hopefully a wick to 1....... Similar scenario with xlm... Also, these ema supports are not static...

Obviously, I would be keeping an eye on what betece is doing, but wouldn't be too perturbed except betece starts selling off properly...

Ojemedad:
Sincerely and hopefully let the bear season just begin like this so I get get fully prepared for the next bull run

Hehe...easy to say...much more difficult to do....
People think buying crypt0 in a bear market is easy until it comes and they're no where to be found

Betece is at daily resistance (49,800)... If it's not rejected from that zone, EOS looks ready for a run..
Got some at 10.5

Betece dips can be a good time to target strong coyns which have just broken out of consolidation range but are forced to retest support as betece corrects... Usually, they'd continue their upward trajectory once the correction is complete, they run fast...
Recent breakouts have been aave, dot, ksm and atom.

On Atom, an entry between 24-25 should be one to keep for sometime.


On ada, I took some off at 2.45....
It's hyperextended from the 1hr abd 4hr support... Will look to buy back close to support... I don't believe it's rally is near finished..just looking to compound profits... Same with xlm...took some off at 0.78

vicdom:
But when you are holding for a long-term, I guess it's better to accumulate more units so that by the time the prices rises way too high in future, one would easily benefit massively. "Taking out profit from your investment" strategy would be palatable for only short-term holders and not for the long-term holders.

I agree with accumulating more units... Question is how do you accumulate more units despite holding for the long-term?

One way is deploying fresh fiat into the market.
Another is by trading coins within their range.. Taking profits does not necessarily mean taking it off the table... It most times mean selling some stash into fiat at the highs so one can accumulate more units when theres a dip

jedisco:
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...

I've come to like the relationship doge has formed with its 4hr 21 ema support. It goes far back to when it was at 0.25.. It's been a good one to trade lately both as resistance (when below) and support (when above)... I got my bids at 0.5 filled... Looking to ride it into the highs again... It's making 10-20% moves without much noise

On the daily chart (2nd pic), the support is now approaching 0.46.... Would be an area to loadup if it gets there

OffsahBoye:
Good morning
I understand when a coin is paired with usdt very well
But I don't get this /eith,/beteece,/bnb and co
Does the paired coin affect the growth of the original coin(xmr,Ada,,etc)
Is it better to trade with betc,eith,bnb than with usdt?
I don't get the whole idea behind it

It's still same concept, just that this time, youre trading between two variables hence more tricky...

Going back, in the early days of crypt0, most people mainly had betece and only traded alyts to increase their betece holdings...
But with the advent of stable coyns, a good number now trade alyts directly into 'fiat'

The concept behind trading crypt0 pairs is that one coyns usually perform better at different times of the cycle (irrespective of what betece is doing). If one undersands the relationship well enough, you could catch the rally on ome coyn before switching to the next. I.e if eith has rallied significantly against betece, and is at resistance, some people would simply just sell eith into betece knowing that soon enough, betece will catch-up.


If you're trading pairs, one has to be a benchmark... That's why I limit my benchmark to only betece and eith

Deledestiny04:
Good question, I was just confused with the “ Take profits” . Lost the chances because I wasn’t sure and also concerned with the units dropping, cos I felt the amount of units also determines what profits you’re getting

A good number of people don't get the concept of taking profits. Personally, I find it interesting... Whenever I see the question, I keep asking myself what's this person doing in crypt0...

On your question, of course the amount of units determine your profits when you eventually sell...
The price also determines your profit...

See it this way, if I buy 5 bags of maize when its cheap to store and sell later. When the price of maize in the market rises, what do I do? Would I keep holding on to my bags of maize so they don't reduce or do I sell so I have profit I can put in other things and buy back when it's cheaper. In this scenario, the total value of your maize stock is dependent on the market price and the number of bags you own.

Each bag of maize is equivalent to a unit of coin... What matters at the end of the day is your cash in hand. It's left for you to do the math and see how to make it suit you.

Deledestiny04:
I have been following this tread for a while now, but I need to understand the concept of taking profits cause yesterday I lost the profits from my Dogecoin. When we say take profiles , for instance, I bought $100 (170 units) and it appreciates to $150, which means I have made $50, do I sell and rebuy with my initial $100? Cause the units (170) will definitely not be same anymore since there has been an increase on the particular token. Really need to understand this concept.

Main question is are you interested in the number of units of a coin you own or the cash/usdt value you have?

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