₦airaland Forum

Betece correcting from resistance as expected...

Most alyts would pullback to support levels... Wouldn't be a bad idea to target these and alyts that have held levels and get in at major support


Breakout on TRX... As stated earlier, got in at 0.065 ish and targeting 0.1 on this... Obviously, betece needs to settle first... But this might just be a retest of breakout for trx

Zabiboy:

It seems most people forget that "demand and supply" still remains the driver of any market...Not charts or forecast
BTC total supply is 20M tokens
ETH is 28M tokens
KSM is just 10M tokens
Now WIN is 999 billion....just tell me how you expect this coin to go anywhere....even if it goes on a run, once the volume starts increasing again, it would go back ( see what happened to $OMI...total supply is 750 billion...and this is one of the reasons why $OMI MIGHT not go far this year..)...Same with XEM too....9 billion
So before buying a coin for long term, look at the total and circulating supply....If not, na highway be that....
Goodluck.....

Yeah...A lot of people still misinterpret what charts are.. some think it's a crystal ball you look into and see the future..

Like you said, crypt0 is a market that relies on elemental demand and supply just like alot of other markets.
What charts and indicators show are a representation of how buyers (demand) and sellers (supply) interacted in the past. So it shows past events not future.
Simply put, a chart is a picture of a past event.

The concept is that given than human behaviour is largely similar, one can glean knowledge from past events represented in charts and manage the current better. Without charts, someone coming into crypt0 today will be aloof and wouldn't know how coins traded in the past.

On the issue of supply, it's quite a tricky one. Unlimited supply will obviously devalue a project thats why sone projects burn some of their coyns from time to time. But also, some coins with low supply such as yfi have performed poorly.... With alyts, there are some variables to consider e.g previous market structure, robustness of team behind the project, where the money is e.t.c...

Also, it's difficult to compare new coins to old ones. Give the new ones 2-3 years then re-evaluate. Most new coins pumps crazy moreso in a bull market. That doesn't mean most wouldn't be obliterated in the coming years

Ibime:
How I wish you would just set up a telegram group and just give boys signals

Last last, we no go blame you even if the trade goes South

Crypt0 signals full everywhere.. twitter, YouTube, FB e.t.c. Personally, I didn't really find them profitable when I started. It's the analysis I enjoyed.

Then there's another signal group where the followers are used liquidity. A chap with a huge following can easily pump some micros after he's bought loads... If you notice, once some select influencers mention a coyn on twitter, it'd pump... Next chk after a few hours or days... It'd retrace. I.e someone just used others for liquidity.

What I found helpful was understanding the concept behind why a trade succeeded or failed and identifying coyns myself... Also, past experience is key cos this market is very cyclical.

Another sweet breakout on fil.. target from 90 is still 200.. though I might shed some at 180 and re-evaluate. let's see how it goes...

After such a strong breakout, If there's a retest of 140, don't blink.... don't ask for more

Betece should just behave let stuff do their thing..

Ibime:
Una wey dey talk 2x, 3x, 5x like it's nothing, una dey try oh. I'm always happy with 20%, and 50% is fantastic for me. Best I've ever done is 3.5x last cycle and 2.4x in this cycle. Most of my trades are 10-20%,and I can't hit 50% plus with unlisted coins.

Hehe... It depends on alot of factors... we're in a bull run so certain things are doable... Moreso, I rarely day trade.. I prefer to look at actionable ranges...

In a bear market, seeing a coyn that has moves 20% in a week dey hard...

It's also about the timing and knowing when to take profits...

On this pump, I also played quick 10-20% on ada and xrp... But at sometime in the market, overtrading is risky... Just let the market do its thing for you.

I shared here how I always traded theta against eith... On this last rally, a calculated top would have put it at 0.44... I took some profits there and it stalled... But then I had noticed that the rallies were becoming steeper with shorter corrections.. usually, that ends in a final parabola... Combining that with the fact it broke out from 3 and went straight to 8, gave me confidence to hold it further.

One thing with holding is understanding consolidation and market cycle... Take betece for example, after all this time trying to break 60k, if it breaks it, its likely to rally significantly (except its a fakeout)... So in duch cases, selling at 10% isn't so good... Look also at kusama that spent a long time consolidating between 200-250 (even with a betece pullback). Obviously after a breakout selling for 20% wasn't worth it. my target was 500 which it hit nicely......

Also, using following a valuation of a coin against betece or eith helps estimate where a usd move will get to

Look at bnb now... If it breaks 350, then it's quite unlikely it'd stop at 370.. or if ada breaks 1.5 after this consolidation, selling at 1.7 wouldn't be a good idea except betece starts dumping. Most times, you can use a previous rally or consolidation range or period to guage what a breakout will do. When a resistance has held for years, breaking above it usually leads to big moves


My first x4 in crypt0 was link when it gave the usual 4 to 20 waka... Dot, uni, sushi have all reoeated that this period

Notyamate:
I've also been monitoring this coin since you mentioned it when the price was at 43. I wanted to hop in but still in doubt.

If it retest 50, I might just dive in, if not make e dey fly dey go .

Please check this coin out (CKB) seems like a good coin. I entered when it was 0.21.

I tracked it during the dump and wanted to get in on the first daily reaction but opted for something else... Na market be dat

On the 12hrky chart, it seems to have been pumping and building some structure.

Looking back, it formed a good bullish divergence (blue arrows) which played out niecly. So far, it's been retesting breakout levels at 1 and 2 which have proven to be good entries.

With such micros, I rarely FOMO... I always aim to buy at support. So if I was to enter, I'd be looking at the region labelled 3 or a retest of the 21 ema like it did at 1... Of course, it can keep running, but my trading style is to buy them at support. There's something about coins breaking out around numbers 3-4... Most times, they aim to reach whole numbers...5, 10, ....

Betece is also approaching resistance and alot of alyts are approaching old resistance levels or just broke out... A minor pullback wouldn't surprise me and give support entries on most


On the weekly chart, it gets dicey... It's a new coin that has just been pumping all thru... The risks are there and I wouldn't be lunging too deep into a weekly chart that looks that way

StrafordSTONES:
I am seeing that boss and learning... All this while in observation mood, I was only picking up the basic Info, it's only when you become invested in terms of money that your full trading journey will begin. I made some emotional mistake of the weekend but I'm undaunted.


Please if I may ask, do you sometimes trade pnd/ instant pumping coins?

Welcome to the hood... You'd learn with time... Generally, a bull market isn't the best time to start trading..


Regarding pnd, Sometimes I do if I'm early.. but it's mainly for the fun and I use small amounts. By this, I don't mean groups promising to pump stuff... Thats equivalent to throwing your money away. I mean trading coins that are already parabolic.

For my major stuff, I prefer my trades to come to me

Lastly is one I've been getting in and out for a while...
WING...

it's formed 3 distinct patterns so far...

First (labelled 1) was an 'inverse head and shoulder. I played the breakout of this from 40-50...

The second move was to come back and retest the breakout region at 40 from where it bounced.... I didn't take this move

Now it seems to be pushing up...
I'm not planning on jumping in at these levels... I'd wait and see if it comes to retest 50.. I believe a retest of 50 could see it reach 100. On the other hand, it may keep running but I'm not prepared to chase

Second is GAS...
Converted some of my betece holdings a while ago into gas at 0.0...2
Reasons were because it was holding support on the 21 d ema(1st pic)
And more importantly, looking at the weekly chart, that the 0.02 area was a significant resistance zone which it is in the process of flipping..

Targets are clear on the weekly chart... First is at 0.04-0.05 ish and second at 0.008-0.01... That'd be about x2.5 and x5 from my entry.... Let's see how it develops.

Generally speaking, if the alyt I'm trading is not performing better than betece, I'm better off just holding betece.. sometimes, I trade alyts to increase my betece holdings

I'd share some thoughts on certain micros...

Rsr

On the 12 hr chart

Bounced quite well and heading to previous resistance at 0.01 (labelled 2).. That's an area I'm watching... If it takes it, then that should be a good entry..
So far, there's been some rejection... I'm leaning towards it forming an 'inverse head and shoulder' before it breaks out. I'd potentially be bidding the 0.085 area(labelled 1) which corresponds to the other 'shoulder' support..

Got my alert set on those 2 zones and will watch PA when it gets there

Not a bad structure developing on aave...
After weeks of a downtrend, it seemed to have regained the 350-360 support level. A bounce off this zone should mean higher prices.. Levels are quite clear 350-360, 400, 450, 500..

Personally, I'm not playing this as I believe it's too far from price discovery.... Not keen getting stuck in a range... But then, playing a range can be profitable too

StrafordSTONES:
Mehn the way these whales dump sh*t coin on people dey shocking...One moment a newbie is happy he has made substantial profit from a particular coin... Off your data and on it back again, dat same coin don deep many percentages...it will be difficult for you to understand at first, but the reality is you are now carrying a bag lmao

E.g

That's why I like coyns with structure... You don't need to babysit them

For most of the microcaps, I set sell orders based on my take profits level and sometimes, quite high... If they've traded for a while with a structure against betece, sometimes, I find taking profits into betece as straightforward

Notyamate:
Below are the coins I brought THIS month. I had to consult my history to know the price I entered.

ChZ and ENJ: I got into ChZ at 0.1 and ENJ at 0.18. Though I made x2 profits on both coins, my regret was that I sold it off too soon. I brought back at 0.3 and 0.6 respectively and it has been good so far even though ChZ is still chilling at 0.5 but I believe the coin will hit $1 soon.


Mana: I got into Mana at 0.49 and it's also doing well.


Audio: This coin is the one that gave me most joy this month. I brought this coin precisely on the 11th of this month at 0.97, the pumps it made some few days ago just be like magic for my eyes. I took some profit at 4. I might reload some more if it dips.

FIL: As per recommendation on this thread, I entered at 67, sold off at 85, when everywhere was red last week, I got back again at 75. I'm riding till 200

Fet: Also recommended here, got in at 0.54.

Coti: I have been on it since 0.33, still very hopeful it will moon soon.

HOT: I have been watching this coin for a while but was skeptical to buy until someone here mentioned it. Anyway I brought at 0.0076, sold some off at 0.01. I'm riding the rest till...

ONE: E pain me say I no join this coin on time, nothing spoil sha. I got in at 0.1 and brought some more at 0.13.

OGN: I brought this coin two months ago at 0.33, but I sold it all off at 0.47, the next day after I sold it pumped and I wanted to hit myself on the head that I wasn't patient enough. So early this month I got back in again at 0.8. One thing I noticed about this coin is that it takes it own time to pump, so you just have to be very patient if you are in it.

OMI: I brought this coin based on recommendation here, also the hype on Twitter about this coin no be here. Anyway I brought when it was 0.0076 and it has been good so far.


Most, if not all these coins I mentioned have x2 the price I brought them in less than a month. If we are really patient, there is a lot of money to be made in crypto.

Good stuff... You killed some entries...

Micros have generally been going ballistic..
See cocos I was tracking this morning is up 25% already...
Getting a good entry is key cos their volatility no be here... The good thing about ONE and THETA is that they have structure... You don't have to babysit them
Let's see whats next

dake40:
Any 2 coins with huge potentials to keep for 1 year?

Hehe.... E no dey hard.... Reminds me of January pump..
For sometime, weve not seen such questions..... Notably not when betece corrected to 43k

Green candle dey sweet sha

lordnaruto:
Hello, how do you predict the price range to sell out/take profit before a coin starts to dip?
I've been doing it on guess work, and the result has been selling out too early, with the coin still going crazily up.

There are lots of ways
For stuff within range, I use previous resistance levels..
For stuff in price discovery, I measure it from previous breakout levels...
Also, naturally, humans like taking profits around whole numbers thats why betece stalls around 10k, 20k, 30k .....
Sometimes it's based on past experience of how similar coyns rallied in similar range

Technically, you can also use Fibonacci levels if charting is your thing

JamiuKabir:
This is one of the most clear information to me. We should lower down all the technical jargons to make we need entrants to understand. Thank you for this...

Hehe... This is a crypt0 thread... It shouldn't just be about buy this here and sell that there or how to open binance account... Folks should be able to share technical views on the market.

It's like owning stocks and not being concerned about the financial statements (jargons) of your companies. In crypt0, we don't have financial statements.. all we have us demand and supply which is represented in charts

If you are a passive investor here and just want to buy nd leave it, then it may not be as necessary... But if you want to actively trade the market, that'd require learning how the charts work

From my previous post, these are what I'm looking at fir this phase (remember betece needs to hold the 21d ema) and preferably range

1. Theta... Been in it since 3.5 and it's been a sweet ride.... Plan is to let it take me to 20, selloff and possibly reload at 15... I'm still surprised tfuel has not followed it so far..

2. Zil... One of my old favourites... Another coin with structure that can move like theta when the conditions are ripe... My initial target on this before the pullback was 0.3... I believe it could accelerate to 0.3 once it takes 0.2

3. Fil... Got in at 90... Currently at 125.. Target is 200

4. Vet.. This is approaching my target...will be taking profits at ATH against betece and then re-evaluate... I'm still in it to build my betece stash. I'm not using the usd valuation for this... But once it takes 0.1, it could make some good moves..

5..ONT... Technically broke its previous high.. I'd be aiming for an entry around 1.3-1.4. .. target is 3

6. Ksm.. loaded heavy at 200-250 with a target of 500 but cut my position at 450... It's taken and flipped 500, I might just re-enter and ride it.. but will monitor it fes

Quick plays I'm also looking at are
Tron...has broken previous high and a rally from 0.06 to 0.1 seems likely quite soon

One... Don't like getting into done pumps... But then I bought some at 0.18 during the pullback.. looking for 0.28 ish... Already shed some at 0.22..

Fet... Got in at 0.75 with plan to exit at 1...but it seems to be stalling


For the micros...
I got some gas... Have some funny targets... Its a kind of coin that may just pump crazy one day.. Not something to lose sleep over.
Another one I may get some exposure to is Cocos... Has a more sensible structure...

Other stuff I'm watching to ride a breakout are Ada (1.5), bnb (350), xrp(0.8 )..

Hopefully, betece behaves...and we make some bull market profits..

Folks should share what they're trading pick some hidden gems

Betece with a clean bounce off the 21 d ema... Holding it as support for the second day running... Also, a bullish divergence has formed on the daily which is also present on the 3d... Above the 21d ema is where I like to play alyts...

The market is moving fast and I have to maximize profits.. That means certain mistakes I made b4 have to be corrected...
First with alyts, one has to follow the money but avoid buying tops... Every alyt will pump but some will pump more...
The last tym I selected abt 8 coins, 4 pumped well (theta, ksm, zil, vet, one)
4 lagged (dot,uni,sushi,doge)

My system now is different..that is to focus on alyts that
1. Have structure not those with multiple wicks that one has to babysit
2. Broke recent significant highs... Once this happens, I get in on a retest and ride it
3. Limit to max of 5 alyts... Select the best performers and let them run
4. I may have 1 or 2 micros... Those ones can move heavy both ways and you can just wake up to a large stack...

ojesymsym:
Hmmm interesting.

If you are not comparing Apples with Oranges then the difference between the two graphs are too glaring. You have not even accounted for devaluation of the naira since then.

Good thing you brought this up, I recently have already made up my mind to also diversify into the US market. I am trying to avoid Trove and the different fintech apps, I know portfollo seem to be popular on the US stock thread but my own research is leading me towards swissquote and iq options, the registration pages have Nigeria in them so I am assuming they accept Nigeria in them. Is that something you are familiar with.

Laxyyoot, abeg help me wear your black hat check those foreign app. I know the first huddle of whether or not u live US stock has been jumped na just weda those 2 apps pass your stress test remain.

I'm not familiar with those apps but the US stock thread should have a good guide...
That said, the US stock market seems propped up at this time with the excess dollar printing and not really in keeping with the post-COVID pandemic situation... So there's obviously the risk of a proper correction around the corner. But then, in strong markets, such corrections are healthy and present a good buying opportunity as it's more likely the market will resume the upward trend afterwards.

Regarding the NSE, I was quite surprised at the performance of certain household names which I thought were faring better... Though not sure, I wouldn't be surprised most of it is engineered due to corruption. There was some talk of introducing derivatives, perhaps that'd bring more liquidity into the market and at least enable traders to profit both ways.

Regarding local investments, personally I've found that sensibly picking up landed properties in areas at the cusp of development is quite profitable, you may beat devaluation and relatively easy to dispose.

ojesymsym:
I understand what you did for NSE, I am asking if you ran same analysis for NYSE (US) stock also?

Yeah... You can check the Dow Jones (attached below) which also tracks 30 big US companies or the S&P 500 (which tracks more but with different indices) to give an overview... They have both been on an general uptrend for decades

The combined NSE 30 (2nd pic) on the other hand, has been generally stagnant for the last decade but at least more actionable than FBNH.

Looking into individual US stocks, of course different stocks performed differently... Popular Tech stocks have been thru the roof while banking stocks have have generally had a sustained recovery from the 2008 crash

ojesymsym:
Okay, was asking what their growth rate was also like? How many also went bankrupt along the way etc.

I looked at the historical share price of currently listed NSE companies...
You can check them out on investing(dot)com

SteveOfu:
You and your minions chased me, abi? Oga Google pie and when you want to register use y link

Toh... No vex... Forgive me... But tge pie stuff was getting annoying...

Akin3891:
Lol, I tell you o, that one nah suicide, if you carry blocks to gather funds only to be swept away by scammers. Our financial muscles diverse , eventhough I'm to invest the smallest fraction of my money , I will still ask questions and be super sure what I'm about to get myself involved. I hate that remorse feelings that comes after being played.

Nevertheless, when you are too afraid, you can't make headways. I would have made fortunes if I followed my wife advise as regards to B.itcoins, eventhough I saw the pictures I was too afraid to invest, but in all I'm content with what I have and that's all that matters. Being inquisitive should be encouraged here so as to help the novice.

It's easy to look from outside and see all the money you would have made... Trading aint that easy...

Most folks lose not because of the market, but because they're overtaken by human greed and little trading experience

ojesymsym:
Did you run this same 30 years analysis for NYSE? What was the return like?

NSE 30 means group of 30 tstocks on the NSE which are usually the top 30.

You also have NSE 50

Most stock exchanges have such groups. It gives an idea of just what the big boys are doing.

SteveOfu:
Ada, KLM, xrp and trx are very good coins and Crypt0 is not a ponzi scheme, I am a living testimony. Yes pie is another good Investment, you don't need any money. check my signature to sign up

After being chased off the crypt0 thread, you've turned up here with your pie tra*h.....
And just for the record, anything aside bitc0in is high risk

seyisanya:
Very true. That's why young investors need to understand what they are doing and not get carried away with the fact that they're still young so they can take higher risks. Hence, they get involved in all sort of Ponzi schemes and buy any coins in the name of crypt0 investment.

While I understand the need for caution while investing, it's interesting you equate crypt0 to ponzi...

That you don't understand something does not mean those who do are wrong. A good number of Nigerians don't understand Facebook or Twitter, it doesn't stop those platforms from having revenues that a lot of states combined don't have. Moreso, those platforms affect the day to day running of our nation (e.g SARS protests)

Coming unto investment, there's the inherent risk of volatility in trading crypt0 (just like any other market) moreso when folks move away from Bitc0in. But what are the alternatives for a young savvy investor? I'm sure if it was TB's or the NSE young Nigerians were trooping to, you wouldn't call it ponzi...

Taking a look at the NSE, most of the older folks there have no idea they have been loosing money in real terms over the years. I've pointed out here that someone who just kept money in dollars 10years ago would have outperformed over 95% of NSE traders over the last decade.

We keep hearing FUGAZ as the posterboys of the NSE... Take a look at the FBNH monthly price chart for over 10 years (though likely bottomed) and tell me how an average person made money on it just in naira terms (let's leave devaluation first)? A 30 year old who bought $100 worth of FBNH in 2010-'11 at an average of 11 naira per share will have stocks worth less than $17 today (dividends aside- which are even more pitiable). Imagine the case of those who bought at 15 naira. Is that what you want a young Nigerian to invest his sweat in? A market where you're almost guaranteed to lose money?

I've personally gone through individual stocks on the NSE 30 for the last decade and beside a few, almost all are in a pitiable state. Compare that to stock prices of household US companies and you see the difference. That young Nigerians are leaving their local market to invest in the U.S stock market should tell you something. Money is like water, if old folks had made money in a market, new players will troop in.


Bitc0in on the other hand has been about the best performing asset of the last decade. If I was going to risk investing, I know where to belong.

If you want you young folks to troop into local investment options such as the NSE, then the narrative should be fixed.

Ibeme:
One is not clear of USDT risk until they start publishing audited accounts as mandated by New York AG. I believe they have to publish backing in Q2. People should also consider other stable coins which are audited such as USDC

Yeah... People should consider others too.. That said, usdt has the most liquidity and I doubt they'd have issues with regulation...
I believe the regulatory framework would help with confidence.
USDC, DAI, BUSD e.tc are equally good and also have good staking rates

Justcul:
Please does binance accept Nigeria address for account opening?

Yep... To the best of my knowledge

grossintel:
I did that a long time ago, Naira is worthless. I save all my money in USDT, that way it's pegged to dollar so even if I can't get dollar I know my money won't fall with naira. The rest is in Bitcoin.

The woes of the naira is one of the reasons most folks are in crypt0...
Looking at the naira/usdt chart, (taking away the spikes and recent cbn rally), even if you don't trade, keeping your income in usdt or stable coins means you'd have had at least 10% gain over the last 6 months due to devaluation.. with what Emiefele is doing, more of such are still on the way.

As far as we have such a significant difference between the office Naira exchange rate and the black market rate, the naira is guaranteed to decline... I made the decision not to keep savings in Naira once both rates started to diverge and its been a great one. When the rates come together, I'd rethink that decision.

Also, one can even decide to stake (flexible or locked-) their usdt which can give upto an additional 7% apy...

So in other words, you can be earning both ways without even trading.

Of course, having all your savings on an exchange comes with some risks too

This looks like something I want to ride to 1 (more appropriately 0.95 cos it'd likely be frontran)... Moreso with celr accelerating... Took half of my ada into it

Risk is that there's still some resistance to be cleared before 0.8 which may bring a significant pullback..

StrafordSTONES:
Hey boss, what do you think about Theta now(with the bullishness)?

Had shared thoughts on theta a while back when it was around 3 ish

Been in it since 3.5.. ( though I exited and re-entered) and took lil profits at 5... along the line, it seemed like it'd do the classic 4- 20 rally I've seen alot of coins do e.g link

Usually they rally from 3.5 to 8 ish, retrace to 6.5, take 8 and rally to 15, retrace to 12.5 ish, then finally take 15 and rally to 20.. pullback to 15 and have an exit pump to 19 ish....

So far, its followed that pattern and I'm still in it and in no hurry to pullout. With the current structure is difficult to say if its distributive or corrective..As far as it remains above 10, I see no cause for concern. Eitherway, in the coming days, it should go for 15 again, what happens then would determine my next move......
I see no need jumping from stuff to stuff

solreb:
$DOGE held its own during the dips with good support at 0.05. It is gradual creeping up. It is a hood play for an upside swing. $EGLD at this level is still a good play as the coin is reclaming lost ground with enough room to its ATH @ 214 reached in Feb. Also it is goid ti keep an eye on SFP the chart is looking good for a play.

Yeah... Noticed it with doge....
But then, I'm done playing coyns that are ranging... At this stage of the market, I don't think they're worth the opportunity cost....
I'm focusing more on the breakout crew and riding them for at least a 100% move... That way, I maximize momentum...
Eitherway, I got alerts on doge... anyday it breaks out, I'd likely get a fat bag