₦airaland Forum

Tina001:
Okay, what of 19801?

First of all...price may not even touch that stubborn resistance at 19800.
What you may see is 19797 before a strong pullback takes it to lower lows or higher lows.
It is easier for price to touch and break support levels than resistance levels.

Tina001:
And when we have seen 19800, we must surely see 19810

It doesn't work that way.
If for instance we have a stubborn resistance at 19800, you will be shocked to your bone marrow, that 19810 may not be hit in a long while.
Instead, you will see a higher low (bull market) or lower lower (bear market) before a breakout to 19810.
The chart works in mysterious ways.

Believe...

Kingsteve:
Finally there's some buying pressure and confirmation on the D1 time frame.
For those still a bit skeptical about going long, you can wait for the next price opening on the H4 timeframe which opens by 9am.

The behaviour of the candle on the next H4 candle will determine if it's truly a buying opportunity.

However, for risk takers who love to catch price early and low, now could be the time to do so, because by the time the next H4 candle opens by 9am, the price may be higher than what it currently is.

But then again, BTC has been trading sideways, so I'm not sure how far the upward movement will be.
Key resistance levels to take note of: 19.5k, 19.7k and the main one at 19.9k

First resistance hit, and looking likely to breakout!
Next resistance loading...19.7k

Kingsteve:
Yes, BTC is bearish, but I wouldn't be placing a buy order or open a long position till i see good buying confirmation from the candles.

Firstly, there are possible support levels BTC could touch before another upward movement.
Current support: 19,046k
Other potential support levels: 18.8k, 18.5k and the main one at 18.1k which made BTC to bounce up!

Having said this, I wouldn't be placing a sell order or going short either, simply because, an upward movement can start from the current support level at 19,046k
Although not a strong support, but anything can happen nonetheless due to strong volatility!

So for those who haven't jumped into the markets yet, it is best to stay away and observe.
The next move will become clearer when it begins.

Finally there's some buying pressure and confirmation on the D1 time frame.
For those still a bit skeptical about going long, you can wait for the next price opening on the H4 timeframe which opens by 9am.

The behaviour of the candle on the next H4 candle will determine if it's truly a buying opportunity.

However, for risk takers who love to catch price early and low, now could be the time to do so, because by the time the next H4 candle opens by 9am, the price may be higher than what it currently is.

But then again, BTC has been trading sideways, so I'm not sure how far the upward movement will be.
Key resistance levels to take note of: 19.5k, 19.7k and the main one at 19.9k

Geovanni412:
Dxy is bearish. Btcdown is bearish - why u wan still dey load sell orders for BTC? The chart is a buy as far as I'm concerned. It will retest 19400 if not 20k sef.

Cc:
Kingsteve
Deflover

Yes, BTC is bearish, but I wouldn't be placing a buy order or open a long position till i see good buying confirmation from the candles.

Firstly, there are possible support levels BTC could touch before another upward movement.
Current support: 19,046k
Other potential support levels: 18.8k, 18.5k and the main one at 18.1k which made BTC to bounce up!

Having said this, I wouldn't be placing a sell order or going short either, simply because, an upward movement can start from the current support level at 19,046k
Although not a strong support, but anything can happen nonetheless due to strong volatility!

So for those who haven't jumped into the markets yet, it is best to stay away and observe.
The next move will become clearer when it begins.

GRACEGLORY:
BTC’s performance over the years proofs that the 60-40 portfolio is dead. Then, BTC turned out to be the world’s hardest monetary good. The asset with no counter-party risk, no dilution risk & the world’s safest asset. BTC is beginning to store near-infinite amount of wealth thereby making bond look unattractive through it’s ordeal calling all attention to itself by outshining bond. Thereby killing bond.

Hmmmm...
For me, the earlier BTC gains full autonomy by decoupling...the better for investors and traders.
The world needs something different!
A world where global doom and gloom would have little effect on the price of BTC.
A world where BTC price is determined by the charts and happenings in the crypto sphere.
The stock markets can keep dealing with the global macroeconomics.
Let's have a choice!

GRACEGLORY:
Until BTC kill bond papata, e no go leave am

Na the economy go kill bonds.
Not BTC's responsibility...methinks!

BTC has to...



https://bitcoinmagazine.com/markets/is-bitcoin-decoupling-from-the-economy

Icecream4U:
I'm surprised to see bitcoin still swinging sideways while the world burns and stock market bleeds.

Despite the correlation with other financial instruments, BTC is supposed to act as a hedge against inflation.
This is why BTC price will always decouple every once in a while from the stock market!

Kogi state is in shambles!

petux:
This clown again...Are you not ashamed enough? Is it until you send your followers back to village before you stop?..clown really said "tp 13840"...i don laugh tire..like say na your papa go drop price reach that level...Ive not seen him make a good analysis before...just nasdaq and vibes...mumu man

Meanwhile Nasdaq was 2.27% up.
Whoever thought that guy how to trade is a wicked and brutal fellow.
He needs a refund!

cherryCola:
Nasdaq control BTC Keh ?.
The guy most be high on pepper .

for now most financial instruments have the same trending pattern, one should not mistaken that for one controlling other.

thanks.

You've summarised it!
...good understanding!

cherryCola:
Is base on trending pattern not one daily candle stick, you can't expect every Damm candle stick to be identical.

Hello everyone, am back .

At the moment, most financial instruments/risk assets are trending in the same pattern...it's a bear market after all.
But for someone to come on here and keep yapping about how Nasdaq controls the price movement of BTC is absolute bollocks and comical.

Who does he think we are?
All newbies in trading?
I've been trading since time immemorial, and not for once have I ever looked up the Nasdaq chart to determine my next move in crypto trading.
I only rely on readings from the chart, and of course...fundamental analysis.

I have heard different kinds of bullshiit, but this Nasdaq one is on another level of bullshiit!
In fact I don't even want to talk about this again...it's a waste of my precious time which I will never get back again.

Welcome back anyway.

doyin01:
Last post 2021..Then a year after , the moniker became alive all of a sudden , made three comments which quoted only "deflover" within the last 72 hours ..


And he is a silent critic of his ideas... And he must give it to him......

Una think say na everybody be mumu for this thread ni...lol..the same tactics and strategies all the time...Know be today.....I can even predict what his next response will be...

Lol
Detectives at their best!

deflover:
Nasdaq volume Is greater than btc
When u see a candle on Nasdaq
The volume ( amount in the candle in millions of dollars ) is more than same one hour on btc
So if a candle closes bullish color on btc
Nasdaq may close bearish color
But since u don't believe there is a correlation
How come once Nasdaq goes up on just lower time frame
Btc goes up
And if it falls
Btc falls
Well u all don't have to believe it
I am a not worthy to listen to
So trade what works for you
You all should stop trying too hard to discredit me
It doesn't make sense
Is what I am saying working
When I give a call
Does it work
That's all that matters
Abi I put hand for market to draw market to my direction
Live and let's live
You buy
You are right
I sell
I am right
Only the market can.who is truly right
Enjoy ur day sir

Note ...the review of my book never said I trade the candle colors
VSA is not about the candle looking bullish or bearish
It's about key volume levels tested
If u want to use candle type to understand the coupling of nasdaq and btc
U will fail

What you just explained, which I highlighted are some of the opposites/differences.
Doesn't that tell you there are differences no matter the similarities?

Is Nasdaq the only financial instrument that has correlation with BTC?
Why do you lay so much emphasis on Nasdaq?
To suit your narrative?

Yes...there are similarities!
Also yes...there are major differences!
That in no way suggests that Nasdaq controls the direction of BTC whatsoever.

Well, like they say, information overload isn't a good thing after all.
You're clashing ideas together in your head.








Keep it simple!
Less is more...

VlamesIffect:
I don't understand why any sane person should be comparing nasdaq with anything crypto ffs.

Abi una no know wetin be nasdaq?

Just trying to come down to his level of thinking to decipher the possibilities...
But no, still doesn't mke sense whatsoever.
Yes, small correlation, but major differences still.

doyin01:
Your own nasdaq is different from his own nasdaq...your own nasdaq is nasdaq composite while his own own is nasdaq clown....so you are taking that clown serious ??

Bro, I say make I satisfy my curiosity, because of the noise.
I gave him the benefit of doubt, that's why I decided to compare the two.
The result isn't surprising anyway.
Smh

So out of curiosity, I decided to pull up the candlestick chart of the Nasdaq composite and compare it with the BTC/USDT pair, in order to see the so much talked about correlation between the two.

Ladies and gents...
Here we go!
Notice the last daily candle on Nasdaq is bloody red, while that of BTC is still in green and in an upward movement.

Is this the so-called correlation someone has been disturbing this thread with?
Smh

Screenshot 1: Nasdaq composite
Screenshot 2: BTC/USDT

jkpbestseries:
Western Media with their lies

I guess it's the west that staged these photos too.
No...it must be photoshopped to suit their narrative.



















Putin c0ck sucker!



*spits*

Hamzashaf99:
Grateful. Very much so.

I do like to check top losers for coins with RSI below 10. I start from weekly, daily and 4 hours. What I've observed os that any coin that has RSI below 10 on 4 hour charts will have a relief rally soon. If the daily and monthly are not below 30, the trade may faIL.

Still working on this strategy but I think it will work well with what you have.

Interesting...
as long as it's not a shit coin.
Most of the utterly shit coins may take very long to pump, and can be frustrating because of lack of trading volume.
Speaking from experience!
Good strategy and observation nonetheless!

Geovanni412:
In this life, man must be flexible to new ideas. Rigidity na wetin dey kill business.

Now you're talking...

Geovanni412:
True-- from what I can see sef, there's a lot of money to be made from trading spot pairs against btc as opposed to trading it against usdt. I'm observing sol/btc -lots of opportunities there.

Na so!

Goldbw122:
Something huge will happen very soon.

Any particular reason for this statement?

Geovanni412:
Thanks for this. I did small research and I realised that while BTC has been stagnating within a 20% price differential, some altcoins have pumped up to 300% or more against BTC. Coins like QLC, ERN and WABI. A coin called OAX even did 16x agst BTC between june and september. I noticed that these coins pumped once BTC dominance began to reduce.
The plan to trade spot will be to target small to medium cap coins once BTC DOM reduces again. From my observation, this happens in cycles - after about 2- 4 months of pumps. So, the target with this plan would be to monitor such coins around November and December. Either alternate this with futures trading or focus on this alone -- that 10x plus for bear market no be sth to joke with.
NFA. DYOR.

cc:
KingSteve
Goldbw122

In most bear markets, there are coins that get pumped out of nothing!
This is why crypto is different from other digital assets, no matter the correlation.
Advanced traders spend time looking for coins that show signs of pumps!
As you spend time looking at the price movement of S&P500 and Nasdaq to determine the next direction of BTC, others are scouting the crypto markets for coins to pump, based on readings from the charts!

Eliminate the distractions, you'll discover more...

Kingsteve:
Like I previously wrote in one of my posts, the potential support levels to defend are 18.6k/ 18.3k
When and if these support levels hold, and we begin to see some buying activities in the lower timeframes once again, then a buying opportunity has presented itself.
Note that the lower timeframes must confirm buying pressure before initiating a long position.

This is the simple way I navigate these choppy volatile price movements.
Sometimes, the trades don't work out as planned, and I end up waiting for days before I take profits, or sell at a loss in the eventuality of a trend reversal.

Once more, support of 18.6k/18.5k is retested and defended!
It's just a matter of time before we see some upward explosion!
The support levels have worked incredibly well.

Siberia01:
I'm just keeping an eye on the naira- cedis pair
When once naira takes out the N2500 support

BTC might bleed down to 10k

Let's hope the 2500 support hold

Naira is very correlated to BTC

That's if you know how to use Volume spread analysis

Wicked!

Geovanni412:
The market manipulation is too much. How can Btc pump from 18.8k -20.4k in one day and now it is back at 19.2k level?
The golden rule now for spot traders and all traders in general right now has to be to take some profit whilst you can see it. Unrealised profit is not profit - it is just imaginary and can disappear over a quick nap of 2hours.
Kingsteve, can you share your method for finding buys as we decline?

Like I previously wrote in one of my posts, the potential support levels to defend are 18.6k/ 18.3k
When and if these support levels hold, and we begin to see some buying activities in the lower timeframes once again, then a buying opportunity has presented itself.
Note that the lower timeframes must confirm buying pressure before initiating a long position.

This is the simple way I navigate these choppy volatile price movements.
Sometimes, the trades don't work out as planned, and I end up waiting for days before I take profits, or sell at a loss in the eventuality of a trend reversal.

Putin is in disarray!

Decoupling...

https://www.bnnbloomberg.ca/bitcoin-s-link-with-stocks-weakens-as-stronger-hands-left-clinging-on-1.1824028

Kingsteve:
Positive start to the week!
Btc current price: 19.1k
Daily high: 19.3k
Daily low: 18.6k

There's a current resistance at 19.3k, which was a former support.
Btc looking very likely to break this current resistance and attack the higher resistance at 19.6k, which will be more of a challenge to overcome.
However, for Btc price to keep the momentum upwards, the higher resistance at 19.6k must be broken!

On the flip side of the chart, a strong support is forming around the price range of 18.6k, 18.3k and 18.1k
If these support are broken, then Btc price will likely retest the yearly low of 17k, which will be difficult to break.

For day traders, you can work with these key price points for your trades.
For investors, until there's solid confirmation of a bull run or recovery, it is best to stay on the sidelines and observe!

Support levels defended well.
Resistance levels broken!
It was imperative the resistance levels were broken for BTC to stage some form of bullish run.
For how long this will last, will be partly determined by some macro factors this week.
Enjoy the mini bull run and remember to take profits...don't be carried away!

BTC price: 20.2k
Next resistance to attack: 20.5k
Next support to defend: 19.6k/19.3k

Geovanni412:
Kingsteve, have you thought of trading your system exclusively between 1am -5am daily? Regardless of how much of a downtrend the market is in, the asian session is usually a range bound market. This system is for BTC and probably ETH, I didn't check other altcoins.

Brother, man go sleep na!
However, when I can, I try to stay awake and see if I can benefit from some range trading.
All those 2-3-4% profits add up!

Positive start to the week!
Btc current price: 19.1k
Daily high: 19.3k
Daily low: 18.6k

There's a current resistance at 19.3k, which was a former support.
Btc looking very likely to break this current resistance and attack the higher resistance at 19.6k, which will be more of a challenge to overcome.
However, for Btc price to keep the momentum upwards, the higher resistance at 19.6k must be broken!

On the flip side of the chart, a strong support is forming around the price range of 18.6k, 18.3k and 18.1k
If these support are broken, then Btc price will likely retest the yearly low of 17k, which will be difficult to break.

For day traders, you can work with these key price points for your trades.
For investors, until there's solid confirmation of a bull run or recovery, it is best to stay on the sidelines and observe!