₦airaland Forum

ChybuzzDD:
Bros, we understand your points, but don't be too sure about it.

There's a lot of difference between now and 2017.
Panicky day traders no longer have much influence on the market: their activities have been restricted to minor dips/corrections.
Hope you noticed that even the usual Chinese new year celebrations couldn't cause any significant pullback this year?
Anything that can crash this current market to that of 2017 level would be very very strong; maybe something like the US government coming out hard on Bitcoin or anything that would make institutions and whales sell out enmass.

I'd say the primary difference between now and 2017 is there's more money in the market. With that, the market moves slower and volatility decreases. It may not seem obvious on face value but is the case percentage wise.

What I wouldn't agree with is the narrative of 'this time its different'. It's rarely been the case here. Just as the market can rally beyond expectations, so also does it dip below expectations. Alyts have done 10x up in weeks, it's inevitable they'd repeat that in the opposite direction but faster... The thing is betece doesn't even need to dump... It can be at 60k and alyts will be flying, it can also be at 60k and they'd be in red..

My concern is that we have alot of new people who haven't experienced a betece correction- one where folks question if the rally has topped out. The last proper correction was when betece pulled back to 10k amd 12k and every single alyt reversed their previous rally... Look at sxp... It went from 5 to 0.6 in weeks


I remember telling folks early when betece corrected 5k initially from 40k and folks were worried that 40k isn't the top.. We'd keep having corrections which are bought up until betece tops out and people will think it's just a correction. On recent dips people haven't cared much... we're slowly getting there.


There'd always be a narrative... We've had loads of bearish news but the market doesn't care cos we're in a bullrun...same also when the trend changes.

This market flows in cycles and those cycles rarely change... Have you noticed that the experience here with every alyt that gas gone parabolic has been thesame?

Kay005:
Good day Boss, pls tell me more. I have been hearing much about the 2017 crash but this one you stated up here is too bad, E.th crashed from 1400 to 100. What really caused the crash cos the least I have been seeing is dipping from 1950 to 1,550 around February ending. Is crashing worst than dipping??

Its how the market flows... It's an organic market based on demand and supply. We have periods of bullruns, ranging and also bear markets...

The dip was a healthy correction after a strong rally up in 2017.. That correction formed the base of this current rally. There'd always be some narrative, but no need fighting the market cycle... Flow with it and use it to profit.

ojay36:
thanks for the feedback, i was thinking small unit of beetc and eterum wont make me much profit, do you see trx hitting $1?

No idea... No one can time the top of parabolas.
My sell targets are much lower though
Yeah, they may not make you as much profits at this stage but they equally wouldn't drop 90% in a day later on.

To put things in perspective, eith hit 1400 relatively quick in 2017 bullrun... In the coming years, it fell to 100... And it was still the best performing alyt even with that decrease... Among majors, evrn with this run this far gone, only betece and eith have been able to surpass 2017 numbers... That should give an idea of how deep this market can also go.

Ibime:
Check the timing of the telegram and the spike. It's on the minute. They may have pumped this one before. They pump lowcaps.

Of course it's only low caps that can be manipulated that way...

Try am and kets hear your testimony...

Early on here, those who tried didn't come back with good testimonies

ojay36:
can i see ur suggestions please? it is the only low capped coin i discovered

My suggestion is one you wouldn't like and unlikely to take...

Ive tonned down on it cos I remember during the January alyt boom lots of people kept asking what to buy for the long-term. My response was tat I wouldn't buy for the long-term during a bullrun. And if I did, it would be limited to bitc0in. Not too long after, a small pullback correction came and for weeks, no one asked. It was then quite clear those asking haven't seen a betece correction.

Same way coins are going parabolic on the upside now is same way they'd dig down afterwards (the road down is usually quicker)... After this run is done, most of them wouldn't see anything close to these bullmarket prices again.

If I was the one, I'd ride whatever coin I chose for the purpose of this run, make and lock in profits. If I definitely want to buy for the long-term (years) now, then it'd be undoubtedly bitc0in and none other. It may not seem obvious now, but with time, it'd be...

And just for the record, I have a fat bag ot trx and recently added on the last dip...

Alexis11:
Thanks for your great works here.

Gracias

Alexis11:
Yeah...

They don't ban for screenshots except someone reports you.

Then likely someone must have been doing that

ojay36:
pls I Need suggestion, I am confused btw tron and btt for long term of 900$

Just out of curiosity, why did you limit to tron and btt?

Crazeworld:
Please be typing your analysis on notepad and upload screenshots here.

No wahala... I'd share thoughts as usual... Just limit the number of pics so I don't get flagged

Ibime:
1 day to announcement actually

If the vip group gets it a day to announcement then which sensible person in the general group will buy on the announcement date?
I looked at tge volume profile of the last pumo nd it seems there were about 2 different volume spikes before the last.

Hope the vip group wouldn't be paying to provide liquidity for the owners

Bunker1:
Exactly, I wasn't only handed bags but a lot of suitcase from many coins, if not for B.NB that is erasing my mistakes I would have tapped out from the market. I don't jump on trains again, I rather wait for keke, as long as profit will be made

Hehe... For this phase of the alyt rally especially with coyns that have structure, a good strategy even for someone without much TA knowledge is to wait for a breakout and get in on a retest and ride... When everyone starts talking how the coyn is going to the moon, you play it smart and start exiting to other opportunities...

Trx, bnb, fil broke out from range and are doing well... Some others are nearing breakout momentum

ojay36:
someone should pls answer me, I Have 0.4 eterum which i want to hodl for not less than 3yrs, should i convert it to sol? or bmb?

The reason why people are not likely to respond is cos that's a decision you would have to make yourself.

But what I'd add is that 3 years might be the peak of a bear run. While it's difficult to predict this market, the dependable fact is that it flows in cycles... A better strategy might be maximizing the strength of the bullrun for profits and looking for long-term holds in a bear market.

Creeza:
Jedisco pls I need clarification on something, did TKO ever get traded on BSC using pancakeswap before it was listed officially on Binance?

No idea.. haven't done much trading there... Ask ibeme... He's more into pancakeswap

IyaTola:
Listen to expert with a bit of skepticism. I think it was sailor1 and jedisco who called it sh!t coin and am sure people sold based on their call, but today where is xrp.


Kucoinbase and other wallets are about to add Xrp back. Banks are switching from Swift to ripple network the volume is way higher than that of 2017 at this pace $3 is possible $5 Is also possible

Bag holders from 17 are gradually recovering, bag holders from 1.48 are just $0.5 away

First, I never claim to be an expert... All I do is share thoughts...

Secondly, this was my post on xrp before it pumped...

jedisco:
Stuff worth watching out for


1. Xrp.... It's taken a beating.. but more than ever, it looks ready... It's approaching its last hurdle.... If it takes it then things may move fast and likely go parabolic (those who've seen xrp pump know as e dey be).. I know I said I would only be interested after it crosses 0.8, sorry folks...aped in close to 0.6 support... 1st tp will be 1

2. Zrx/Ox... Didn't have as beautiful a weekly close as I'd have wanted... But it seems taking 2 is only a matter of time... Has the right structure to go parabolic once it takes 2

P.s... a worthy mention is also bnb... That looks hot too

Funny enough, I have a good bag of both xrp and xlm... my xlm entry was at 0.4, a leveraged one which I took after IAMAliyu shared a trade. I'm here for the profit not to marry any coyn

2 days ago, I was advising ibeme not to sell at 1.17 as it could cross there... Put up a chart to outline the resistance zones (seems post was hidden) and unsurprisingly, it stalled, it stalled at one of them. I wouldn't say much on this, but on xrp, I've traded most of the pumps for the past year... Bought heavily after the sec dump. Right now, I'm still holding cos I think this rally still has some gas... I'm already looking at what to cycle profits into. Once my targets are hit or it starts lagging, I'd cut and let moon folks ride on. I have no intention gor holding it for 3 years to break even.
A rally from 0.6 to 1.5 isn't necessarily something to go crazy for in a bullrun moreso if you've waited for years.. A good number of coins have given me much higher profit margins in shorter time and yet I've sold off most

This market is dependably cyclical.... Its relatively easy to time where a parabola is just by comments here.

Bunker1:
Just found out that self confidence doesn't work here, you might have confidence in a coin but the coin doesn't have confidence in your money, as much as no one likes to lose but you have to change direction. I bought ksm at $533, Harmony at $0.2 I had to give up on them and sold both, and studied ksm, I started riding the donkey from $422 to 465, 470, 450 till I ride my profits commot from hem body. This market has no formulation

Not necessarily...
You bought ksm at 533 after it had more than doubled from 220 within weeks. That was whe..

One started from 0.35 and 6x to 0.2...that was when you bought...

The formulation in the market is that after a strong rally, every coin will either pullback and consolidate/distribute.... That happens cos folks who bought low take profits and give tgeir bags to those who think the coin is moon bound

Seems anti-spamb0t is in overdrive...

Wouldn't be posting charts and reduce quoting... Perhaps that's why it keeps flagging me

jedisco:
Yesterday was mixed.... Suspected betece will pullback but didn't expect alyts to ho belly up

Closed this chap early on at 1.2.... I got myself some cake with profits made.... I like the way it held structure even with the selloff and bounced of the 21d ema. I suspect it bounces today. It's going to be a quick play

Nice bounce on cake abi na doughnut... For the person who asked what a bounce means, this is a nice example.
A retest of the 18-19 region wouldn't be a bad place to add up..

This was supposed to be a quick one but seems betece is heading for a proper close... Might just hold on a bit longer

Olamyyde:
People here should read more about market cap.


Doge or win aren't reaching $1.


I'm not seeing anyone talking about vechain here.

Folks forget its much easier for a 2 million cap coin to get to 100 million (50x Increas) than for a 100 million cap to get to 200 (2x increase)..

Micros are good for the pump

Notyamate:
Well said.

Once any coin pumps like this, people don dey predict its future. WIN $1

Coin wey don pump like 1000%. Infact WIN don over pump, so the pull back is expected. I don't know why people are complaining, it's like they just want it to continue moving up.

I dey tell you... No one dey predict 1000% increase of coin wey never pump.... Well such narratives have been a dependable top signal so far (at least for a while)....

If xrp rallies crazy now, folks will come out and say xrp to replace betece... Abeg mk dem tok in time so I know when to offload my bags

Whales don distribute bags give them... Funny enough, those whales may still buy back from them lower and repeat the cycle again... That said, win and btt bounced well and playing them on the bounce to take profits at resistance wouldn't have been bad

Jerry59:
CAKE burn is expected later this month. Should be one of the factors contributing to it’s movement. BNB 15th burn is also this month reason why it pumped last week and might still pump again

Had no idea of this... I know the burning narrative usually causes a rally in price in a bull market.. but like most news events, it's quite tricky to predict it's effect on price. On this, I acted based on the charts

In addition to my first post, let's put things in perspective..

People invest in treasury bills for a year and are very happy with the 10% they get inspite of devaluation.
We have a market that inherently beats devaluation moreso of the naira, is in a bullrun yet people are still losing money..

As the market becomes more bullish, people will take higher risks, be more greedy and be less reluctant to lock in profits until it all turns on them...

Very few people here ever consider buying betece despite it being the safest option. I'm not against that, I also majorly play alyts (when betece is ranging) and then betece on a breakout. But I know that betece will outperform most alyts in the long-term

My point is simple, if by the end of this run you lose money, then don't come here and blame anyone. The first question I'd ask is did you buy bitc0in or alyts.

Doge to 10 dollar
Chz to 10 dollar
Bnb to overtake eith
Now Win to 1 dollars...

Not saying they're not possible but we knew those narratives became popular at the top of those rallies...

I find it quite annoying that folks would leave betece and the rest and jump into coins that have pumped over 200% in a week without an exit plan or way to manage risk then when the coin pullsback, they rush here and start asking what to do... Were they expecting it to continue going up in a straight line?

I'm not against any style of trading that suits anyone. Afterall, I shared here how I rode the btt pump and exited... My point is that folks should take responsibility for their actions. Fact is, when this market turns, alot of people will lose money and it'd not be the fault of the market. No one will say there wasn't ample opportunity to make sensible profit

jedisco:
Didn't take long... Betece back to retest the 21d ema... Didn't expect alyts to sh*t themselves so much though.

Three scenarios now are
1. Does it bounce off it??
2. Does price wick below (to takeout liquidity) but come back to close the daily above it??
3. Does the daily price close below..

Scenario 1 and 2 are fine... Scenario 3 no go good oo.. will be watching for the daily close

The 2nd is the 4hr chart.. gives an idea of where liquidity zones are (mostly stop losses). As we know, price usually seeks liquidity in a ranging market..The closest liquidity zone is labelled 1 and is at 56.4k... If price goes below it and doesn't bounce quick then its very likely we'd continue to 2 and 3 at least..


My bias; Overall, the fundamentals of the market are still bullish. I think this should be the final retest of the 21d ema, if it holds for today and tomorrow, then price will go for 60k and I doubt it'd still hold as resistance again.. Eitherway, decision time is close.

Option 3 it was...

On the daily chart (1st pic), Betece closed below the 21d ema yesterday... But then, it is still not resistance. It needs to start and close a daily candle below to confirm it as resistance (i.e if it closes below today below 56.7k ish). The last 3 times that happened, what happened afterwards is self explanatory... The 50 ema is at 53.2k

On the 4hrly chart, betece took out the 1st liquidity zone I mentioned earlier... But the way its sitting around makes me think its only a matter of time it comes back to take out the lower two at about 53.8k. A good chance a rally to 57.5k area occurs before that

This is how I'm playing it...
If betece rallies to 57.5k ish, I expect alyts to follow suit... I'd look for a rejection to close most of my alyt positions and wait for the daily close...

The last time, I waited for the daily close before closing and it cost me some profits... The good thing about crypt0 is that it's a 24/7 market and you can always re-enter when u see fit.

However, if we don't get a rally to 57.5k, then I'd likely just sit it out

That said, this may not mean much in the long-term for spot traders... I personally don't think chasing all the rallies and pullbacks are helpful for most. If not that my fingers are itchy, I usually sit out most of these... just looking for cheaper entries and firepower too

Ibime:
I believe TA stops one from getting harmed by buying into a coin with no support structure and many sellers, and also sets you up for incremental gains, but parabolic moves are always driven by narratives given the structure is there already and there are not too many bagholders willing to sell into the news. XRP exhausted a lot of bagholders in January (December bagholders prior to SEC announcement when price was 0.7) during the January pump to 0.7.

Without the SEC narrative, it can't go 2x just like that, regardless of TA, but if it went past that 0.7, it would not face much historic resistance till $3.30 from 2017, as well as the round numbers. I also rode XRP January pump from $0.3 to $0.7 and I dutifully set exit at $0.65 knowing it will collapse at $0.7. You are right, news alone cannot drive a parabolic move if the sellers have not been exhausted (structure) but you can't go parabolic without narrative either.

I agree there are lots of factors that contribute to a rally...but baseline there has to be demand that consumes supply... And for most large caps, that demand builds slowly overtime before something tips it off... For xrp, just like doge it traditionally rallies crazy from time to time long before the sec issue.

Xrp going from 0.9 to 3 dolls will need an increase in valuation from its current 42 billion dollars to roughly 150 billion dollars... A difference of 100 billion... That's mainly why large caps move relatively slower.

Another thing to factor is that some coin have certain history... Folks in crypt0 will buy xrp if its rallying and 20% up in a day than buy say LTC with thesame numbers. Reason is that xrp is known to rally crazy so people will believe it'd keep pushing up

IMAliyu:
I'm probably wrong, but I suspect the pull back isn't over yet, we may retest the 20ema on the 3day tf.

We will see a false pump back to 57000ish range, then pull back down to 54000k range. After which BeTeC should decide whether we break the 60k resistance to 65k, or we have a major correction to 45k.

Interesting.. I'm seeing something close on tge 4hrly and daily...

jedisco:
Took profits from this into vet at 0.95... looks ready for a breakout... Has been consolidating for a while

Target is 1.2

Yesterday was mixed.... Suspected betece will pullback but didn't expect alyts to ho belly up

Closed this chap early on at 1.2.... I got myself some cake with profits made.... I like the way it held structure even with the selloff and bounced of the 21d ema. I suspect it bounces today. It's going to be a quick play

Ibime:
Most times those parabolic moves are due to news. People will be reading chart not knowing some news has broken somewhere. Most times they miss the news completely sef and validate the upswing to TA. Just like ADA move from 0.9 to 1.5, that was simply shilling on major channels in anticipation of Goguen Mainnet, or if Microstrategy buy a coin, the news will pump the coin and we would still be thinking it's structure.

Bad News has kept XRP down so good news will lift it up. The news doesn't even have to be true - current XRP news is neither positive nor negative for the case but a lot of people think it is.

Hehe... If one buys a coin whenever bullish news breaksout expecting a pump, e no go tey to get broke...
As tricky as interpreting charts could be, relying on news can even be much more tricky. In trading, we look for confluence and there can be lots of stuff to combine to give a clearer view
It's one thing to get the news, it's another to interpret it. A good number of times, price goes opposite of what folks expect moreso if it's just a news event. Not too long ago, there was alot of news on betece options expiry and volatility.. the options expired and nothing happened.

We're in a bullish market, so price will respond to bullish news. There's been alot of bearish news on betece that'd have caused a dump in a bear market but folks aren't even concerned about...The fact that betece had been on a rip since 20k and has just began to cool down meant that news or no news, alyts would rally.


For a large cap to go parabolic, lots of money needs to flow into it and usually that happens over a while, the parabolic phase comes with a confluence of multiple stuff and yes the right news can be the fire to ignite it...
If the marjet is bearish, even very bullish news will at most cause a pump that'd be sold into.. look at the betece china pump 2yrs ago...

Look at doge... Elon has been tweeting on it... anytime he does, ut rallies but is massively sold into... But then, it's slowly building structure and if support can hold long enough, sooner or later, it'd move (except if those selling have unlimited supply) and folks will say it's cos he tweeted.

On xrp, the sec issue wasn't just a news event.. because of that US exchanges delisted it causing a massive selloff. That happened quickly... Now everyone have been talking about the case for months, if they lose the case, I wouldn't be surprised price doesn't move simply cos most folks who wanted to sell have sold... If the win/settle, it may respond well cos that'd mean exchanges can list again

Dip buyers should remember that if betece recovers for the rest of the day, it'd take a bigger dip tomorrow to get the alyt prices we saw today..... Another dip to this level tomorrow will not cause as much sell pressure...
If you want more dip, pray it happens today or we don't get a significant bounce

I see alot of them completing support/resistance flips...

Alyts ride on sentiment... That's why they're sh*t coins

Ibime:
X.R.P will only hit 0.6 if B.T.C has a major correction. Right now na the SEC matter they drive X.R.P whether real or imagined, enough people have bought the story

Alyts can be irrational oo... Just sentiment in the market can cause a plummet on a 1% betece move...

The sec news stuff was a significant one but I'm nit too focused on it... It was clear for sometime that 0.6-0.8 will be taken...

I've got good amount of xrp at 0.61... Pulled some profits at 1...
The 1- 1.1 level is resistance both in usd and against other pairs... I only want to get in at support...
If it rallies to 1.5 ish, then I may target retest of 1...
Eitherway, I'm leaning towards a retest of 0.6-0.8 sometime soon as that level held as resistance for a while.... The risk/reward at that level is worth it

This one everybody is waiting for a dip... Hehehe...
When a dip comes, folks ask for more dip to buy, when price reverses, they start chasing..

Well most times it's either the dip is too deep or to shallow... And whether folks go get mund buy am...

Well the only dip I'm keen on is xrp to 0.6... Give me that dip and I wouldn't ask for more.. I believe the sh*t coin is primed to outperform nost majors in the coming weeks

afroxyz:
I still think it would trend sideways for a lot longer. 6-day RSI is trading below 14 and 24 day RSI. 14 day is already below 24 day range. (Used one week chart)

Declining trading volume in the last 4-5 weeks.

Plus the bullish thesis and approval from JP morgan and Goldman, ans the adoption by paypal and Visa could not push it well above the 60k mark.

Yeah, the market is calmer hence the rsi, which also indicates momentum is beginning to reset.... Also, lower rsi levels give room for a higher push up. Market is still bullish but it seems folks are more interested in alyts hence the calming down of betece and also decreased volumes. If betece continues to trend, alyts will boom.

But then, the 21d ema is continuously pushing prices up. It'd easily be upto 58k in one week if betece remains above it... Even the 50d ema (which has been the backup) is also pushing up...

Price is compressing and the reset in the indicators (both rsi and volume) make me think this is the calm before the storm... 60k has been retested multiple times... I wonder how much longer it'd hold as resistance... Sooner or later one of the 2 will give way. Eitherway, I'm more interested in betece continuing to close above the 21d ema so my alyts can continue to bubble.. when betece breaks out, I'd start building a position