Jedisco's Posts
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clems88:Good stuff... Have you found it helpful? I see alot of people researching coyns... While it's good for new projects (e.g robustness of team behind it e.t.c), I've not found it very helpful in trading. I remember spending weeks researching and ended up buying xrp...lol The crypt0 market is a classic market based largely on demand and supply (unlike the stock market). At the end of the day, most alyts will be worthless... So I just focus on what's in the charts and make the money |
Fil looks to want to break out again after a classic ABC correction.... Lets see if it can flip the level and accelerate
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jedisco:Interesting playout..... Good news is 50k held eith a good bounce... Things are moving quite quickly.. What I'm seeing.... 1. On the weekly chart (1st pic), there was a clean bounce off the 8 week ema (green line) 2. Even more interesting is the daily chart (2nd pic)... Yesterday's candle was an interesting one... A bullish engulfing that swallowed up bearish PA of 3 previous days.. Even better is that it closed above the 21d ema (yellow line currently at 54.5k)... Now all it has to do is flip this area into support and we are on our way to more enjoyment. Price action over the next few days is important... Who else is noticing the similarly between this PA and the last dip (circled in blue)? 3. The sweet spot for alyts is when betece is ranging above the 21d ema... Confirming it as support at 54.5k is a huge ask.. one that'd cause huge move in alyts. No need rushing in without a plan yet... Buyers have responded, let's see what sellers do 4. The bearish rsi seems to have partly played out and there's now further room for an upside move and invalidation of the bearish rsi As we've seen, the market is getting to a stage where it'd start moving more quickly and my plan for that is still same. I tend to take out as much clutter when looking at the market. In this trending market, using EMAs both on betece and alyts have been effective... I'd continue with that until we enter another phase... My plan is still same... 1. Between 21d ema and previous betece ATH- playing alyts 2. Below 21 d ema- take profits and aim for the 50d/8week ema to scale in. 3. Below the 50d/8week ema, all out and look at the 21week ema 4. Lastly, above betece previous high, start scaling back into betece. I'd talk about alyts I'm looking at later on...
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jedisco:Playing bounces can be nice when you have raw powder... Ranges are clear and before the market becomes too bullish, your targets are hit Wouldn't lie, took some more trades in addition... Xrp from 0.5, took half out at 0.55 (10%) and looking to let the rest run to 0.6... Similar with ADA.... Took profits at 1.2.... may play a bounce to 1.4... Fil was the sweet one... Got in at 90... Only ish is that I didn't get to add more after it broke ATH at 97... Still got my eyes on it though... Will reload if it comes to retest lower... Theta and one still lagging.. hard to blame them after such a good run... If theta takes 15, then 20 could be hit quickly... Either way, a step at a time... BTW, I'm already curating a shorter list of coyns I may play in the event betece confirms a bottom around 50k and bounces... The last play wasn't bad... This time, criteria would be 1. Coyns with structure 2. Coins that have flipped significant highs and much less those that are ranging... i.e, the moon boys So far, I'm watching FIL, Zil and LUNA... I |
Let me address an issue that alot of people may be struggling with... When new in this space, people get hung on trying to predict what the market will do next. Fact is no one can predict what the market will do in the next minute.. If there was an indicator that'd say with even 70% certainty what the price of betece will do next week, then we wouldn't have a market. You have a market cos folks are on both sides of the fence so no need getting annoyed when someone sees are bearish case when you are bullish.. I said it here before, that the most successful traders are right much less than 60% of the time... What determines who wins in the long-term is not necessarily based on who reads the charts best When I came into this crypt0, I was so hung on who called the last move or who called the last pumped coin... Not so much anymore... Now, when I see any analysis, I'm interested in the reasoning behind it and at what point it'd be wrong. One should be able to consider both sides of the picture when looking at PA.. That's what helped my trading not looking for prophecies... Finally, while understanding basic TA (at least support and resistance) is vital in this market, what is more important is having a tried and tested strategy built overtime. Also, they're equally important concepts often overlooked such understanding the market cycle, managing risk e.t.c... These will determine one's longevity here. |
jedisco:Options expired...market no send... Usually, when everyone is talking about it, then it's already priced in |
FASTCHOW:I noticed an influx of scammers on binance p2p... They really need to sort it and put some limitations for sellers using p2p or perhaps show verified folks first . To take out the trash, you can set your filter options to show only ads from verified merchants.. if you also select'only bank transfers' it'd also hide those selling airtime
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sweetveek:Alot of folks talking about expiration of options... Usually, when news is that widespread, it's either it's already priced in and prices continue as usual or its not and there's a huge cascade... Let's see what happens... |
iampaulsmith:I took scalps on ada and theta... Ada has done well against betece Levels on ada have been distict for sometime now...1, 1.2 ada 1.4. On theta, its ATH at 15 then we see what next. Reason is clear on the 4hr chart... (Though still developing) Got my eyes on fil too... But waiting for a structure to confirm. I also set bids at 50.2 k for betece but it didn't fill Like I said, these are quick scalps...as I believe a bottom isn't confirmed... Still got majority of my portfolio in cash and I'm playing these strictly within range
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Will wait for the close of a 4hr candle.... I'm seeing some potential juicy quick scalps.... Eith is showing some strength against betece... Perhaps a quick bounce on alyts... I believe the bottom isn't yet in or confirmed, but I can make some cash while riding it... Obviously allocating a lil portion of my portfolio to this.. Tip is to look for coyns that have held well against betece... They're usually the first to move... Sell at resistance and sidon... |
googlelove:If you know trade levels, there's no harm in taking quick scalps... I'm preparing to take one soon... But if you want to buy and leave for a while, then a good advice will be to buy a proper pullback |
googlelove:This is how I see it, if many coins have done x10 in 3 months, its likely the market is getting overextended and those who bought when it was cheap will be looking to take profits. Asking for another x10 immediately after is possible but what is more likely is buying other people's bags and seeing the market retrace If I was the one, I'd be waiting for a proper market dip or confirmation of further uptrend before getting in |
googlelove:Potential x10 in how long? Alot of coyns have done that over the past year... Right now, I'm not looking for a coin that'd do that as it's not my trading style. My focus of late has been to protect my profits so if betece has a proper dump, I can buy back coins when they're 90% down and not be trapped holding them. |
I'd add that in this market, it's not really about being right or wrong... But finding a consistently profitable and tradable pattern that'd see you make profits and keep it in the long-term... Secondly, no need trying to time the absolute tops and bottoms of rally's... IMO, it's the best way to get rekt.. Make a plan well in advance and follow it... Making money in this market is easy...the hard part is keeping it. From posts here, it's clear a good number of people here started trading in the last 6 months and have not witnessed a proper betece correction... Same way the market has been in a brutal uptrend is same way it can have a brutal downtrend. Lets hope this dip isn't the start of a larger correction.... Either way, it's still a healthy one and we'd very likely see higher prices later on |
jedisco:Playing out so far... Things I'm looking at now... 1. Yesterday's candle showed proper selling pressure with the long upside wick and showed the 21d ema is now proper resistance.. Even the pump with Elon musk's tweet was completely reversed... These are bearish signs and shows sellers are still in control... Makes me think we'd visit the 50ema at 50k sooner or later 2. There was a clean rejection at 57k... With quick downside... Once a trend is established, things can move very quickly moreso if its a downward trend as folks will rush to get out or in. 3. The 2nd pic is a weekly chart with the 8 week ema in green.. not shared it here before... On it, we can see that betece has been bouncing off this ema thru this rally. Its currently at 50k. Also, there's a clear bearish divergence on the weekly (green arrows). Three higher highs in price and 3 lower lows in the RSI. Such can be quite powerful when they play out... Remember it's a weekly chart and they may take a while to play out. 4. With both ema's providing confluence at 50k, I'd be bidding betece around there. It may take a while but even if we're to reverse at this level, it'd need to be tested properly. 5. My concern is that there are major bearish signals... First, the breakout above 60k was the first time this rally (since 12k) betece broke out of a range and fell back into it... That showed exhaustion... Secondly, unlike with prior dips, this time, there's some space below the support 0f 50-52k. below 50k, the next major support levels are in the low 40's... This makes me fear a cascade.... One that can take us to the 40k zone How I'm playing this; We know alyts do well with confidence in the market... Most times, they start to rally when betece is above the 21 d ema.. I'm not rushing to alyts just yet... There'd be plenty of time to buy alyts if the trend changes. Im looking at much cheaper prises on them. Also, when betece retraces, it's either too shallow or too deep and ends in a capitulation... Below the 21d ema, I'm playing mainly betece or looking for stink bids on certain alyts... Remember the market is still overheated, a proper selloff will reset most charts to pre-January levels and set us up for a proper rally towards the second half of the year. Like I said, things can take weeks to fully materialise If 52k holds long enough and we get a bounce today, I'd be looking for a reaction around 54.7k to know what next. That may be an area where folks may look to sell off their alys if they're worried of a steeper dip
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Ibime:Hehe... When such coins dip, na once e dey happen |
Ibime:Hehe... Its on certain alts I want to catch the knife...... With betece, I'd want a response first... Theta, link. I'm also looking at alyts that are holding levels against betece... Either way, I'm in no hurry yet... Alyts do well when betece is above the 21d ema. There'd be opportunities to buy... I'm either in stink low alyt bids, or betece... Got some betece bid at low 50k... I believe the 50-52k level will hold for now at least. Patiently waiting for the daily close... |
Carnage.... Placed stink low bids just incase.... If we lose 52-50k, then we'd likely see low 40's relatively quick |
I don't know if to ascribe this to ignorance or an eager blogger spreading cooked up stories. The name of the condition is called vitiligo and it has nothing to do with lightning |
XXLDICK:Of course there's time to play macros and time to play micros.... But time will come when you'd appreciate why large market caps are large market caps... It's like asking heavy investors why they usually stick to betece when theta can do 150% in a week. Na just one month you dey... With time, you go understand |
iampaulsmith:You don't need to have the 3... Dot and uni look stronger... Two things are that dot us a large cap it wouldnt be as volatile as it takes more money to move.... Zil is another coyn that can run like theta I'm out of most Alyts and waiting for the daily close to see what happens |
EarlyCareer:They all do... They're just in a parabolic phase of a rally and being smaller caps, can move much quicker. Not necessarily institutional buying...most voyns follow certain patterns Theta has gone from 3.5 to 15 in less than a month... I get sceptical when people start making further predictions for coyns that have pumped so much...(Remember doge to 1 dolls, bnb to 1000 e.t.c). A few weeks ago, a 15 dolls theta would have seemed far fetched...now we have it... Could still rally much more higher, but it's sweeter to take profits on the way up |
Tolu181:Bnb is another example of why chasing greens and playing an alyt in consolidation/distribution can be stressful especially if you don't know support and resistance zones well. |
solreb:Taking some profit is never a bad thing.... Having a number where your coin must hit before you close can be a strategy that'd make one loose all profits gained.. Personally, I don't plan to sell the exact yop or exact bottom... I prefer to average in close to the bottom and out close to the top. Also, remember obvious levels can be frontran. Having extra firepower to buy dips can be equally as profitable as riding pumps |
jedisco:This was my initial plan for the alyt rally but now I've cut most positions, I'd want to re-evaluate. If betece had remained above the 21ema, it was likely most targets would have been hit. Either way, if betece corrects, alyts correct too... The vet, zil, ksm group were well on track... Ksm and theta are closest and could very well hit targets The dot, uni and sushi group had not moved Biggest gains are theta and tfuel... good thing tfuel lagged... Swapped my doge into tfuel... Still believes a lagging tfuel is a gift and it's not yet rallied to correspond with theta's move from 8 to 15. Biggest regret was ONE... Cut it too early and rather got into celr. Got some of the profits on celr but one would have been a joy to trade. My biggest win was perfecting an alyt strategy for the remainder of the market cycle... Can't wait to put it to test. |
Sailor1:Hmmm.... We eventually did revisit the lows and take out the liquidity at 53k.... Only issue is that we closed below the 21d ema 2 days ago and held it as resistance yesterday... I made a plan and I'm sticking to it.. cut most of my positions and put stops on the rest e.g theta and tfuel... Will look to sell into a bounce today and see how the day closes. ... Over the past weeks, I made good money on alyts.... My focus now is keeping profits... One thing about trading alyts is getting a proper entry. 1. On the daily (first pic) betece lost the 21 ema 2 days ago and held it yesterday as resistance... The last time this happened, it a few days before the effect reverberated into alyts. Infact, most alyts rallied on the second day before reality hit. I'd be looking at 57-57.5k area and see how betece deals with it if it gets there 2. So far in this run, betece has been reversing at the 50d ema (maroon line), this time around, I would play it with caution...esp on alyts... Reason is that most folks are bidding 50-52k for a buy... The last two times, the majority were bidding lower than the 50ema. I've known betece to not satisfy the majority...either a shallow dip or a major dip.... 3. Betece has had 6 straight strong months... January to March (so far) has been good. A proper selloff would usually come in any bullrun. So far, we've not had any. When it happens, I want to be ready... No matter how long it takes. 4. On the 4hrly chart (2nd pic), we're testing the 52-53k level for about the 3rd time after taking out previous stops... Perhaps, we see a bounce. 5. There's been news of institutional buying... There's still a bullish case. I'd start scaling into my preferred alyts if betece claims the 21ema as support. Before then, I'd be looking at select plays on certain alyts Not financial advise but this is how I'm playing it until there's clarity in the market.
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Ibeme:Nothing do you... Make the profit while you can (Of course with a strategy).... These opportunities don't come often... Yeah....Certain alyts have been doing well and others have held as betece has generally been ranging... |
bizzibodi:Then trade more in betece if it's been profitable for you... You can test waters with alyts until you develop a dependable and profitable strategy. Also, on your last phrase, when your alyt has done well, rather than looking for fresh money to put in, it may be a hood idea to look into taking profits... Perhaps that's the reason your alyts haven't come thru |
Ibeme:With unlisted coins, there's tremendous room for profit or loss... it's all about managing risk. Alyts are still holding as there's optimism in the market... A proper pullback will reset the market and take Alyts weeks to recover. In summary, I believe adding fresh cash to the market now comes with added risk (as always).. I prefer to deploy on proper red weeks when I can truly guage the strength of coyns.. But if you can manage it, why not |
bizzibodi:Looking at the betece monthly chart below, it's soo bullish that I'm getting scared. 6 straight months of significant upside. If over the past months, you've made a cummilative loss trading that, then you should look into your trading pattern. I don't know of any market that has been more bullish over the past months. I'd add that if you have not made consistent profit trading spot and understand the market, it's best to keep off leveraged token or trading
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Ibeme:Hmm... Careful with those... I think the market is very much overheated and I wouldn't see this as a good time to add fresh fiat but rather plan for an exit from existing positions. When we have a correction, you'd get stuff much cheaper than their current value. Alot of alyts are showing top or close to top signs. Betece has had 7 straight green months.... Can you handle 3 straight red months? For the unlisted coyns, that comes with added risk... Just like in 2017, a proper betece correction will see most literally go to zero... Look what happened in the past when new coyns start popping up. I'd say the best opportunity for those was in January...now when retail is queuing up to hand in their money, you'd start having distribution... Personally, I'm not buying any new stuff for now... I've began to slowly scaleout. Still expecting more upside in alyts though |
jedisco:Xrp...xrp.... Na so ur pump dey be? Abeg just leave betece alone... Other coyns have been pumping without waking betece up. Pump and go let others pump too |
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