₦airaland Forum

Cannicus:
Na to buy Ada now and recycle it's top into FTM bottom.

Rinse and repeat till January when Ada is expected to moon or die, then know which one to HODL for long term.

Hehe... Like say e easy... Na hodl I dey

DieRich5:
Ada but I'll wait for a little dip b4 getting in but ftm will be on my mind for trading cus it moved fast than Ada and sometimes coins don't know TA ND just do dere thing

Low cap coyns are less likely to follow TA but in the duration of a bull run, coyns will come to retest support from time to time. Nothing goes up in a straight line

dayo229:
No be you talk say when LTC pumps most at times signifies imminent market dump

Na observation of wetin dey happen b4... Lets see how next week plays out

Mumben:
To ur question, personally I think Buying ADANNA makes more sense cos it is just a little above the weekly Ema. On the contrary, FTMM is way above d weekly Ema and not at a good entry point

@jedisco, oya rate me cos me na learner. I am learning d ropes from the gurus on this forum

Hehe... You're doing well...

Though ftm is a much smaller cap and less likely to respect TA, still, in a trending market like we have, I always prefer to get into a coyn on the weekly support.
Its all about risk to reward

Most coyns will have their time eventually

2nd question....

An ltc pump.... Good or bad?

Quick question guys/ladies....

Both these coyns have different market caps and could behave differently hence not a like for like comparison...

But all things being equal, which of these would you be more comfortable buying at current prices

Tobex4realTobex234:
Nigeria see your mate. For context, inflation in Kenya is around 5%.

But Nigeria with double digit inflation, they offer abysmal rates.

A rate of 12% today might come to hurt them later like we've seen in Nigeria and a number of countries especially if kept that high for long.
I still struggle to see why a central bank would be offering >10% rate on bonds to portfolio investors. Most of that new money injected does little or nothing to increase productivity..... New money should be tied to economic activity or infrastructure except we're saying the Kenyan economy or their central bank revenue is growing at >12% to be able to offset the debt without printing new money...

I've struggled to see any robust economy with current bond rates of more than 5%. Look at the US and most western nations, they've upped their budget by trillions to enable them spend significantly on infrastructure. Yet these nations largely retain close to zero or negative rates... Why is that the case? Mostly government rates there are tinkered with just to affect the larger borrowing rate and not to reward unproductive money sitting in the bank.


On the other hand, what I find impressive is their straightforward and easy onboarding process. Everything can be done easily within a banking app. Which still brings me to a previous point. The Nigerian financial markets can take a lesson and leverage technology to bring offerings directly to consumers on platforms they're already using.

In this run, I don't always see an ltc pump as a good sign.... It's usually about the last major to move and does that before a selloff...

Currently trying to flip a mini resistance level at 230-250. Next main resistance is at 300... Good chance it gets there this week.
Also the weekly chart shows another example of a coyn hugging the weekly support and putting in small green candles which usually culminate in a large green one.... Hence back to my post on gaining entry and risk to reward

Lets see if this time is different....


P.s. looking at old largecap coyns, lets see if ltc follows suit

Gaining entry in a trending market can be tricky....

Ideally, one should gain most of thrir entries close to the lows or when the market is still in the early stages e.g at 30k and add up a few more on confirmation of bias if they want to.


The 21week ema is the most trusted one for me. This stems from the fact that bitc0in and most huge volume coyns will usually hold this support for the duration of a bullrun and keep bouncing off it

I loke to review things from a risk/reward ratio and targeting that gives me a better entry... Also,ost times, when coyns are testing their weekly support, the hype usually dies downand that's the best tym to scale in...

I'd use two recent coyns as example. Though the mcap od ADA is significantly higher than FTM hence mot a direct comparison. I found it easier getting exposure to ADA last week when it was hugging the weekly support (and out of the news) than an entry to FTM (which is about 2x its weekly and seems to be trending). Just as we saw earlier with sol, I wouldn't be surprised ftm cools down and consolidates at current prices for a bit until the weekly comes to push price up.

NisforNicky:
Holding feg

Could you do a chart analysis please?

It's a sh*tcoyn... there's not much to analyse on it...

It looks to have exited its accumulation zone.... But for a coyn with 1bil market cap, it needs significant liquidity to move which is something CEXs bring. I believe that's where shib edges it...

Rubby1:
I hold almost billions Feg

Hehe.. billionaire

Smartlife:
Do you think big exchanges will list Feg? I don't think so. They were even delisted on some exchanges because it went to become an exchange.

It's like Binance listing hotbit token, and KuCoin listing MEXC token. It's not happening.

No idea... Never owned or traded it...
But since it's exchange is a dex, that shouldn't be an issue for centralised exchanges listing it. The likes of cake, uni have their own exchanges

olaolu11:
Pls critique these coins.
Ada, bnb, BeTC, link, dot, bch, cuz, WRX, sun, axs, cake. As regards their capacity to blow(potential). in future. Which should I accumulate more?
Also can you recommend some low cap coins I can accumulate for future? Thanks.

You're the one to critique coyns you want to hold...
I share thoughts on coyns in my portfolio from time to time and most times, I buy nd sell tokens without discussing them too..

My tip would be splitting the coyns you're looking at into the different groups of crypt0 tokens there are both by type and market cap, pulling up the weekly chart of those tokens and take things from there

GabrielYulaw:
Good evening. Much thanks for your response. All I can say is that you are unusually perceptive.

There's something though- I kinda see Trust wallet token as a BNB in the making. With that token you get cheaper fees on the Trust wallet app and you can swap the token with other tokens. I just feel all that token needs to jump high is for a killer feature to be introduced.

If you see alpha in it then why not... It could bring you good rewards in future

The cheaper fees are only on the dex within the app right? Or does it also give cheaper fees for interracting with daps on different blockchains ar transfer of tokens which is where most fees are burnt.

I'm tilted more towards bnb which its all built on and some projects within the binaz ecosystem

DieRich5:
u still bought SLP I remember we talked about it last month

Not yet... I tend to take my time with such micros and wait for the right structure and entry...

Who here remembers feg....

I remember it pumped early this year with shib and after the selloff, left folks rekt....

Of recent it's crossed my mind but I'm wondering why the market cap is abv 1 billion usd.

It obviously doesn't have thesame coverage as shib... Not on any centralised exchange aside gate....
Perhaps, it's time will still come as exchanges find shiny stuff to list

Anyone here still holding feg?

OllyArt:
Ops! Am just this now i got liquidated the past few days so i don left crypt0 for you people till next year because i no understand what the market is like �

Hehe...

Hope you wouldn't return to buy the top...

Lesson learnt. Crypt0 is risky andvolatile enough to make money without leverage. People trade other markets a whole year to make the kind of gains Crypt0 could give in a week. So why add more risk with leverage?
Over 75% of leverage traders are liquidated within 3 months.... I have seen very very few leverage traders who've actually made and retained money in crypt0

jendoslim:
Boss, I made my predictions based on the weekly and monthly chats. I noticed nearly all are @ the support level for sometimes now, so, I project in couples of months, it should appreciate.

Crude analysis I must admit

Using the weekly/monthly chart isn't crude. It's a tested way of gaining entry into a trending market. On structured coins I want to buy, I target a retest of the 21 week ema on the weekly chart... Generally coyns keep bouncing off this until they top out.

I've made alot of post about my thoughs on portfolio allocation. There's definitely no right or wrong but it does seem like a number of the coyns you've picked belong to a similar group. Either way, if I was looking for an entry, I'd use the pattern outlined above

@GabrielYulaw

Game and nft tokens are generally not my forte... But then, no hype lasts forever.

Looking at charts, axs only very recently was at 2 usd. At 150usd currently, it's rise has been huge. It can't go up forever. Moreso it's market cap is now almost 10 billion and it'd need more volume to move. Sooner or later it'd form a distributive range

Sxp chart ain't great but portends a better risk/reward....
Further movement on both will depend on their platform, demand e.t.c which I'm not in the know about.
BTW, I have some axs which I staked....

On twt, I don't see as much potential.. I wonder what utility it has. Trust wallet itself is owned by binaz. Of course it'd pump when the time comes but I wouldn't compare it to bnb... Bnb is one of the strongest but underrated tokens out there.. it's utility within its ecosystem is huge. Over 35 billion usd is locked within the binaz smart chain which is fuelled by bnb... Even just on binaz, there are lots of perks that come with owning bnb... Lots of bnb is used to pay transaction fees. Also, theres the regular burn where certain amount of bnb tokens are destroyed. Aside eith, very few alyts (if any) has as much utility as bnb.

One mistake you're making is ranking tokens on the basic of trading price which has little or nothing to do with profitability in this market. I'd rather use market cap over time to guage strength. Ada sells for 2usd but its market cap is 20x more than mkr which sells for almost 3k.

jendoslim:
Gurus, I need your help.
I picked out some coins for HODL for some couples of months, say 3-4months. I need you inputs on it

#SLP
#WIN
#SYS
#SUPER
$SHIBA

I am splashing $200 on each of the coin, what are its probability increment going to be please

Let me ask, why did you select the coins on your list?

NisforNicky:
Interesting..........

Jedisco, do you DEFI?

Could you look into ROX and FEG charts please?

ROX was $51,000 yesterday

Yeah, I do delve into the defi space a
I generally avoid analysing charts except on coyns I'm already trading....
Also, here I try to focus on larger market moves so as not to make the thread unnecessarily longer than it should be. The other thread is better suited for chart analysis

One thing I'd say is that Feg has piqued my interest lately moreso with the shib pump... I remember it was one of the coyns that pumped with shib and people rushed in only to get rekt.... I'd seek out the chart

unite4real:
Thank you. Quite insightful

i was actually looking at it from a long term perspective. From reduction in import bills, from the amount of Trade Nigeria will create in the sub region, it will be huge but the political class will be a massive problem. We just need fiscal responsibility

The benefits will surely accrue.
Factually, it's not difficult to turn Nigeria around. The right decisions have to be made by the right people

One thing I've learned from this thread is that when a coyn becomes extremely popular here, that's hardly the time to buy it... We see examples everyday...

What I do when a coyn becomes too popular, I look at the chart, see how far extended it is from the weekly support, add it to my favourites and revisit after a few weeks... Then the picture is clearer then when folks who bought the top start asking what to do. Unfortunately, I get caught up with the hype sometimes

After a selloff, I go and look at such coins. That was how I loaded shib in Sept/oct


Who remembers the PSG hype and all the talk of it pumping any time Messi plays.. PSG was most popular here at the second and third week of August when it put in a nasty weekly candle (arrowed). I added it to my favourites then and have been patiently waiting since. Most folks who bought then would have sure capitulated... It's at these lows whales like to fill their bags....
On PSG, I'm targeting an entry point of 18 usd for starters... That might not be the bottom but the risk to reward makes much more sense at such prices

nna777:
I just said I should drop this here.

Off recent, this thread has been flooding with "buy this and thank me later""buy it, it has low circulating and total supply" No TA, No research etc. If you were here around March/April before the dip came, this was the same scenario to the point people who just came into Crypt0 where opening different threads and WhatsApp groups up and down forming signal gurus. The dip shut all of them up.

We're in the up season now, when the down season comes, it's only those that are in projects that have stood the tests that will be safe.

Hehe...

This thread serves as a good guage on the state of the market sentiment... I've prunned down my Twitter feed to sensible folks and the downside is I can't really guage the market sentiment by logging on Twitter as before. I've come to see that one can't fight market sentiment except use it for your benefit. That's why I started a different thread to help keep my head in check

Sometimes, when I scroll thru pages here if not for fundamentals stating otherwise, I'd be tempted to scale out of the market....

I used to get very worked up before with certain posts but not anymore... It's a free market...
One post I remember early this year was someone who said 'anyone who's telling you to buy bitc0in instead of alyts does not like you' hehe.... I told the person it's obvious they're less than a year in crypt0...

But then, there's still much more room for
At the initial stage of this cycle, when I was advocating a buy and hold approach for most during this phase of the rally, the consensus was that folks wouldn't earn as much.
Now, after jumping from top to top, most now see it'd have made sense to select and hold initially.
I would start taking profits when this place is full of posts from 'long-term investors' asking for what to buy and hold for 5 years but only remember to turn up at the peak of rallies.....

A gentle reminder that if you're tilted towards bitc0in going on a rally and selected the coins you want to hold, it makes sense to stake them and earn rewards.

The rewards might not seem as much initially but when the coins rally, you it'd make muchore sense. E.g. a while back, as part of my exchange token portfolio, I bought some cake at 20 usd which I wanted to hold for a while. I've earned about over 2 cake from what I staked... Cake is still at 20usd.... But it could easily see 70- 100 usd this market cycle. By then, my earned cake would be much higher and the staking rewards would add up....

Some would say while not trade the coyn between levels and earn more... While this is a viable option that I sometimes adopt, there are two downsides
a. Most people would earn less trading this way...take for example SOL... How many people trading it have earned more than those who just held from when it was 20 usd?
With most native tokens, one could earn very nice rewards by staking them on trustworthy dapps deployed on their blockchain. If one doesn't want to go defi, most exchanges give competitive rates....
b. Trading micro moves that way can take ones eye of the bigger moves in the market.... Folks would end up chasing the final 10% move until they get rekt.

With staking, you're not fidgeting with your coyns and would always keep in mind how far it's extended from your buy price... So when moon folks start raving about the coyn at the top, you slowly just take profits.

These are screeshotsscreeshots of some rewards earned in some of my staked portfolio, one of these is less than a month in.
It's just common sense.

Tranquility2345:
Trash!

You must be a student.

You could be more civil in your words

unite4real:
it is expected that foreign reserve will improve significantly
naira will strengthen
economy will open up with lots of employment from value chains
more tax for the government
more funding for infrastructure, security, health and education against the present high percentage going to recurrent expenditure and debt servicing

it will only need a good head in government to steer these. If a new government came in place and applied kalo kalo style of governance, then we are all doomed.

I see things quite differently from your view...The Dangote refinery is a huge project but it'd take a while for the full effect to really be felt. Most of that will come from the value chain which would take time to build.

Looking at just facts,

First, Dangote took loans in usd abd he'd have to repay them in usd.... So yes while the project will help strengthen the naira, that might not be as massive as projected

Secondly, a removal of subsidy and subsequent increase in fuel price would immediately push our inflation rate which is well anove 10% up.

Third, talking about funds saved, as we've seen, they might not go to your listed sectors. Over the past decade, spending on security has gulped the majority of our budget and that spending has grown faster than other sectors for obvious reasons. With the current security situation, those extra funds might just go into buying more arms.

Fourth, unbeknown to most, the security situation has dealt a heavy blow to food production in Nigeria. Most parts of southern Kaduna, Niger e.t.c that produce most of our grains have been ravaged. Couple that with surrounding African nations now buying up certain grains from Nigeria due to our weakened currency. It might not seem obvious now as we're in harvest season but prices of food could get astronomically high next year which a removal of fuel subsidy will worsen.

Despite all said, I still believe subsidy removal is the best way to go and should have been done at least a decade ago. The long-term benefits outweigh the disadvantages

Mazinewmoney:
Jedisco can you help me look into SLP. That coin has frustrated my Crypto journey

On the weekly, it's formed a double bottom and bounced off it to be rejected at the initial rejected at the upper resistance band. To me, that's a clear range formed

For weeks, iy had a pretty horrible selloff which is simply retail who fomo'd into the previous top capitulating.

With the double bottom and subsequent bounce, good chance the bottom is in. I wouldn't be betting on it having a run-up to previous highs just yet... It needs some degree of consolidating within the range it's formed so whales can fill up their bags.

Generally speaking, it's in the consolidation stage I like getting into previously hyped coyns and not when everyone is buying the top

Samken2:
Which is good ,and secured and easier during registration

No idea... Perhaps, you could search online or ask on the alternate crypt0 thread

2ubaba:
Thank you so much sir, Please one more
I can see you are mostly into Monthly set up, I could be wrong though. Do you long with leverage? or do you even fancy futures at all?

I use the weekly mostly... But generally, I prefer higher time frames.

With regards to leverage trading in crypt0, my view is simple. Crypt0 is volatile enough to make life changing money trading spot without the increased risk that comes with leverage. Over 80% of folks who go into leverage trading will get liquidated within 3 months.
I've tinkered with futures and discovered it doesn't suit me. It's time consuming and leaves one glued to the charts.

The best leverage traders I know will generally advice folks to steer clear. Personally, I'd advise anyone less than a year in crypt0 to keep off leverage

Rexraph18:
Make Una careful oo, no be only verification.
Thiefication nko

My wallet whaaaaàaaat

Reason why folks should avoid people advertising airdrops all over the place. They're just bunch of crooks