₦airaland Forum

DOGE!!! crazy... Seems i stepped out too early again... Not chasing a green candle though

BrokerHaruna:
XRP has the potential to will make people really rich.

Hehehe....xrp... I was once a fan

Guess what, stellar (xlm) and xrp are related and they usually move together. Moreso, it moves more than it.
If you're so sure about xrp, then it may be better to buy xlm instead.

Every bull run has it's altys. Don't get married to 2017 altys in 2020

Remember, once betece corrects, everything would follow both the ones that have pumped and those were yet to pump

DenreleDave:
This platform is which application??

https://play.google.com/store/apps/details?id=com.fusionmedia.investing

Another good app;
https://play.google.com/store/apps/details?id=com.tabtrader.android

Altys bounce looking sweet...

Still in aave... Let's see what it does above 300.

Doge profits cycled into YFI at 28500... I think it's yet to lift...
Algo also lagging...
Looking at the link and algo weekly charts, they tell a good story...
All we need is betece to hold.. it's hanging by a thin rope... It's tested the 30k level 3 times... I'm not keen on a 4th..needs to reclaim some levels and do it quick so as not to nuke with the whole market

In summary, 30-31K needs to hold and betece needs to start moving ASAP

MyChoice1:
Hmm.. I tried dot and link but they decided to blow after I dumped them. I bought ren and it has refused to go up tempting me to dump it...lol

Hehe... Learn from the mistakes from your last trade before moving to another...

You'd likely run to buy the top of another coin nd ren will move, then you may repeat same process again.

ApostleBlack:
Hmm, thanks for the response.

I bought DOT based on some recommendation on YouTube to hold.

But I'm not ready to hold any shitty coyn more than 3 - 6 months and no sell target yet

Can you kindly share your opinion on DOT please?

What are your sell targets?

3-6 months can be a long time to hold random altys blindly. They may pump and dump back lower than your entry point in that time. From your prices, you didn't buy early... You bought within a run so a huge correction would likely sweep your profit.

Recommendations are to be timed in... If not, you end up buying people's heavy bags who'd wait to buy back from you at much lower prices.

In this market, some new alyts go crazy with every bull run... It doesn't matter whether they're strong projects or not, they'd dump the most when a correction comes.... Initially, their bounce would be good until they capitulate.
Nothing goes up in a straight line.

Also, there's something called distribution... After some coins go on a huge run, rather than selloff quickly, they seem to be propped up so whales can slowly sell their bags to retail money before a huge dump ensues.


For dot, it may still have some upside room depending on what betece does but I'm not holding my breath.... That's its weekly chart below... It's done over 400% in a month... It's worth considering that

Rilwayne001:
Hi guys, which coin can one buy based on long term prospect?

Simple...betece..
You decide when to buy

TheZebra:
What potential coin do you think will make this high percentage? I remember about a month ago, this same doge made over 60% in a day, boy i was shock. I'm currently in pains because i wanted buying doge a day before yesterday and waking up today to see it over 35% breaks my heart. I know it's risky but i still want to time my entry into it, or better still, what alty has such potential?

Was in that too... Saw the early moves and got in at 0.004- 0.0045... annoyingly, I set it to sell at 0.0054... we all know it hit 0.0145 that day... Was super annoyed...

Today, my targets were hit sweetly.... Looking to reenter for another round... These moves can be tricky so it's a small portion of my portfolio I use

Jmandotcom:
I also need physical mentorship, please. Especially in the aspect of technical analysis. I want to be able to understand charts and be able to make strong predictions on coyns and price movements. I'm a newbie in this game.

Like few days ago, I bought COMP at 212dols and in less than 30hrs, it went up to 240. I spotted the increase through the binance notification I set and quickly sold my comp because based on my guess, the price could come down again. And really, the price came down the next day. It's been dwindling around 220 ever since. I just based my ability to exit and take profit at a good time as being based on luck or just pure gut. It had nothing to do with analysis. So I thought if I could make profit using just my feeling on comp, I would make much more profit if I can understand chart patterns, price trends, etc. And if I don't understand these things, I might not be as lucky another time. Anyone in Abj who knows ta, etc and would like to teach for free or a fee should please indicate. I want to learn as much as I can about crypto.

Basic TA is not so difficult... Can be tricky to interpret... It's good you want to learn it, would sure help your trading. The fundamentals always win.

Four things to look into are
Risk management
Market cycles
TA
PA


We're in a bull run, so it's easy to make money. Betece has fallen over 30% and most altys are trading higher than they were when it was at 40k. When we flip bear, such betece moves would cause an 80% drop in altys... You'd dread holding altys then

niqqaclaimz:
It's all part of the learning process.. Most of us made Same mistake when we started and then experience taught us better.

Yeah... We all made that mistake... Buying and thinking it'd only go up. Then when it dips, we sell the bottom.

One of the reasons of this thread is to leverage on the experience of others and reduce certain mistakes

Ojemedad:
How possible is it to move btcyon from paxful to binance

Same way in moving betece to any address I'd say.... You need the recipient address which you can get from your binance account

jasp12:
Pls how do I go about limit on binance, tried it using limit at a lower price and my coin got bought immediately...

Best thing is to watch videos on it...
Likely your limit buy price was above the market price so effectively a market sell. Same also for when you set a limit sell below the market price..

The only way to achieve that would be an OCO order which is more complex...

Sxp has crossed the 1.20 level... A flip of this level should take it to 2 in the coming days. That said, please don't buy a coin that has done 20% in a day

Bought some at 0.8 amd may take profits and reenter if it holds

Did a quick 35% scalp on doge this morning... Not bad.. may rinse and repeat... In nd out...
May target another scalp today or rinse profits elsewhere

Not advising folks here to join in.. it's extremely risky

ApostleBlack:
Gurus in the house, please i need your advice as a first timer into crypt0.

Bought Eithy @1300, ADA @ .33, DOT @16.5 and LINK @ 22 this morning.

Are those coyn a good hold at that very entry price or I collapse some into Eithy?

Hehe... You bought this am and want to collapse this am into Eithy..

Lemme ask out of curiosity... Why did you buy dot and whats your sell target?

niqqaclaimz:
One thing i've learnt over the past 23 days i started trading is not to panic when there's a dip. I just wait when it rises and some profit have been made i sell and wait for a dip and then buy. That has been my Lil strategy.

Good stuff...

Combining this with knowing when to cut your losses and not hold a project down into the doldrums is golden.

Notyamate:
All this moving back and forth is only going to make him run on loss, he could have just stayed put with Eth.

Exactly, such folks jump from top to top and lose everything in the long run.
In this space, emotions will kill your money easily

FlyHeight:
I believe Eith has better prospects, but let’s hear what others also think

I agree but eith is at a critical point against betece... I expect some pull back... A flip of this level could see it go upto 40% against betece before the next resistance. That'd usually mean it doing much better in usd.
The room on the upside is tremendous if it can hold support

DenreleDave:
FlyHeight jedisco TheEnlightenedO condomuser


A frnd of mine bought eth for 40k... He realized his gain to 50k that is profit margin of 10k but it fell down again.... Now he is currently at 29k plus... That means he has lost about 11k of his deposit.....

What should he do? Should he just leave it or pull out

Pls others shud help with this too

Your friend is making the mistake alot makes.

If you're buying for the short term, you should know here to get in and have targets.
For the long term, you may not worry as much.

Seems he got in randomly thinking price would keep shooting up. For those folks, even if price goes to 100k, he'd still not sell

NairalandNurse:
I have some BeTeC i want to sell whenever the price of BeTeC gets to $34k, can i place order on luuno indicating i want to sell whenever price rises to $34k? so that even when i dnt notice the rise, the trade would be executed automatically.
i dnt usually chek my wallet always and so i dnt knw when price rises. PLEASE HELP

You can place a limit order on B1nance.
Preferably, you could set a price alert on Binance... once it crosses 34k, it'd alert you and you can choose to sell
I use other trading apps to set price alerts as they vibrate out

condomuser:
Important Question

Is it cheaper buying coins from Binance directly or buying from the market of individual sellers?

Yes its cheaper but that's even less of an issue. Security is the other one. Most folks who go buying from others get duped

FlyHeight:
Not yet but the SEC settles 95% of the time; they impose a fine and agree on a compromise. It’s dispute is whether it’s a cryp or a security. However even if they rule that it’s a security or not; it simply won’t be traded on US xchanges, might cause a temporary dip in prices but it will not run them to the ground. They already have major deals with over 200 banks across the globe & their tech is used for Money grm; d US market won’t make too much of a difference

I'd disagree with the final part. In the early days of this space, they had an advantage for the banks use case. That has been the narrative for years but not anymore.
Right now, stable coyns seem better suited for this. With all the talk about sec, major banks wouldn't come close. Already, crypt0 is still viewed as shady in some banking quarters.

We're in a bull market which will come to an end too. My aim is to buy dips on strong projects and make money cos When betece corrects, everything corrects with it. I got married to weak coins in the past and had to exit in regret. I still hold some extp but its a small part of my portfolio

FlyHeight:
Yeah it’s beginning to look like it’s holding strong around that 30k up region, if by the close of the week it holds, might be forced to buy at that range cuz chances are it most likely would go up if it holds longer as you stated

This price range seems to be stressing both sides... There's been strong selling into 30k and it continues to hold... My trendline has been breached but the horizontal 30k support continues to hold... Whichever way this resolves should be significant

ApostleBlack:
@Jedisco, @Flyheight and everyone

Good day,
Please kindly enlighten me on how to buy XRP% on binance via bank transfer.

I tried P2P but XRP isn't among the stated crypt0, the other means i saw, payment is through card. Kindly help.

Thanks.

Why not load your binance account with naira and buy. There's an ngn pair.

Alternatively, you can buy on bundle or Luno if loading your account there is easier

TheEnlightenedO:
I’m angling more towards the 27k range hopefully it dips around there so I can hop back in heavy in anticipation for 45-50k

I'm waiting for the close today to see how it plays out. That said, I'm quite skeptical with 27k target also as a good number of people seem to be aiming for it. 30k has shown itself to be a good support, likely a HTF one. If betece loses it, the downside should be significant. I very much doubt 27k would hold a rejection from 30k. It doesn't have that structure yet. It'd likely tank to low 20k.

I'm seeing a similar scenario with what played out in the drop to 10k and folks were calling for 9.6k which betece did not give. Lets see how today plays out

bradwilli:
the thing is how do i set market order

I'd add that another to circumvent the lack of liquidity with the eith/ngn pair on luno is to trade eith into betece and betece into naira. The eith/betece pair used to have more liquidity when I traded on Luno

JoelMurray2020:
After loading your binance account with naira, go to 'market.' Use the search option ontop and type 'usdt.' You'll thereafter see several results under usdt. Identify the one that is 'usdt/ngn' and click on it. Then click on 'buy' to purchase usdt. Fill the order options as you so desire and click on 'buy usdt.' In time youll have usdt sitting in your binance wallet. Thereafter you can search for your preferred coin and purchase with usdt. I hope this helps.

Good stuff
Alternatively, one can search 'ngn' and see all the offerings linked with naira.

If you're finding it difficult to follow your wallet balance in usd, you can set your balance to show in naira so you know how much you've made in naira.

condomuser:
Any predictions when to BUY guys, BUYING looks good now but it could drop further.

B.t.c selling $31,400
E.th. selling $1250

of course it could drop further and it could rise higher. No one can say for certain what it would do. But I'd say at this stage, the potential downside on betece does not seem as huge

tolulope2021:
@jedisco @enlightened...

Please I have already invested in eith on bother luno and bundle....

Please with the prospect of the market so far and performance of altycoins over the last 2 months... which coyns can you advice I invest in on binance...you can just list like 3 based on performance over the last 3 months...hope I'm not asking too much?

Thanks

I'd say in the market, betece held the show for 3 months before January, I believe alts would run for at least 2 months. That said, we are at a pivotal part of the market. If betece loses 30k, Feb may be bloody... If it holds 30k and betece takes 40k, then the upside on alts would be explosive.

That said, betece has done x3-4 in the past few months, the potential upside is good. The potential downside is also there.
You sound new here. My advise is simple.. when trading altys, please don't be the last person holding them. You would be left pants down. i.e, I would not be waiting for 3 months to take profits off the table.

There are two things impt here... you have to time your entry.. you don't want to buy something that has gone x4 in two weeks. on the other hand, good performers are likely to continue performing well while laggards may continue lagging.

Finally, for coyns, I listed a few some pages back. If I'd pick 2 for a new person, I'd say eith and maybe link

afroxyz:
Yeah. Trading in that range for the last 3 weeks. Just hope it doesnt break the 30k mark else it may go to 24k. Dont think it would get to 20k though. But there is still significant upside to the King. Institutional investors are pouring in. Digital banks cropping up (SEC just approves one) while there are filings for bitcoin ETF. Perhaps Wall Street is trying to game the retailers. Nice analysis though

The thing about trading is that whatever side you choose, it would test your resolve. That's why I prefer to look at the HTF cos smaller timeframes can chew one both ways. If it loses 30-31k on the 4hrly, I'd be interested in entering at the 21 weekly EMA which currently sits around 22.5k. 30k has been a strong support and should hold as a strong resistance once lost. There are lots of support clusters under 30k hence my looking at the 21 weekly EMA which has not been retested for sometime.

afroxyz:
Bros. On the weekly and daily charts (for BTC) we are having lower lows. Also MACD is showing increase sellers . RSI is over bought zones. All this are indicative of a downward slide.

The only thing that can push BTC past the 40k mark (in the ahort tetm) would be stimulus cheques. But if you are taking a year long view, BTC would perform very well. But now is the rime to take some profit and wait on the sidelines.

Also, to add yesterday's candle wasn't a nice one... Typical reversal pattern after a rejection from 35k. Seems we're stuck between 30 and 35k and looking for which one would give way first... Let see how it resolves

bradwilli:
i have no real idea. Probably because i bought at a high price and sold high. I just dont know. Luno never respond to emails. Why i had to withdraw what i could and use quidax from now on. I think it is 2% fee for E th buy or sell on Luno

Likely you used a market order. Luno charges extra for market orders