₦airaland Forum

kcprince:
seems BTC is consolidating for a rally to 21,500 before making another descent back to 19k. The 18K support has proven to be strong so far and i believe it will hold.

You know it!
The 18k support is holding quite nicely, and it seems the selling pressure has lost momentum.

There really won't be any major fundamentals next week that will likely affect the price of BTC, except Jerome Powell's speech...hopefully not!

Goldbw122:
Sometimes you just have to sleep to recover your health.
Health worth more than money.
Nice one Sha.

So true!
However, such trading opportunities are hard to come by in a bear market.
I try to get what I can whenever I see such.

While the people slept, there's still money to be made.
Unfi trade=2.47%
Entry=6.744
Exit=6.911
Holding period=less than 30mins/$calping

wiseone28:
You are right

Lol
I forgive you because of your honesty.

wiseone28:
I should pray for you instead?

Never mind, not everyone on here is sane.

wiseone28:
Yes i am

Why asked?

God bless Putin you say?

wiseone28:
God bless Putin

Are you alright?

chuksme:
what is the meaning of S&R?

Support and resistance

Geovanni412:
It's alright. Like I said, this current market space is very much manipulated. I can't vouch for any support area to hold till it actually holds for at least 8 hrs.. In any case,crypto is supposed to be more volatile than stocks and forex. Just pray the market masters don't remember BTC. Trading these days reminds me of Wojak's videos on youtube with Bogdanoff playing the 'pump it dump it' game.

https://www.youtube.com/watch?v=l7ULp8yyvJ8&ab_channel=ModernWojak

So true, crypto market is more volatile, but still...after years of studying the charts, I realised there are little differences.
How did I learn how to trade?
Mostly by spending hours watching the chart pattern, and most especially...the candlesticks.
Again, you need balls of steel to navigate the volatility.

Kingsteve:
Forex isn't the same as crypto.
Fundamentals affect the stock market and Forex more than it does crypto.
As most of you are shorting, a few of us are going long to exit at close resistance levels...scalping!

Again, I've gone long on shiba.
Entry point=1067
Target=1121 or slightly lower, but potential gain should be over 3%.
Already 2.24% in profits.

Trade closed!
Entry=1067
Exit =1121
Profit=4.76%
Holding period= less than 30mins

To be an advanced trader in order to make profits even in a bear market, you have to understand the importance of S&R
Until you do, you will keep missing trading opportunities, while waiting for drops that may never happen.

Enough said abeg!
Na person wey wan improve, go improve by re-learning.
Stock, forex and crypto markets function slightly differently, regardless of their correlation.

Geovanni412:
Bro, if you saw what I saw today on gbpusd. You sef...fear go catch you. I saw one month's support and resistance evaporate in one day. I just dey regret say na eurusd wey dey move like snail wey I come dey trade.
I am even surprised say BTC still gallant like soldier. Anyway, the market didn't react to Powell's speech in any way. It is probable that all the very terrible news has been priced in - hard to tell at the moment. We will know more as we approach today's close and heading into the weekend - the market na d ultimate master. No be me go tell am wetin to do.

Forex isn't the same as crypto.
Fundamentals affect the stock market and Forex more than it does crypto.
As most of you are shorting, a few of us are going long to exit at close resistance levels...scalping!

Again, I've gone long on shiba.
Entry point=1067
Target=1121 or slightly lower, but potential gain should be over 3%.
Already 2.24% in profits.

Geovanni412:
Powell's speech don dey start. Market will get very volatile - Bad time to have tight stop losses. The market has moved way faster than anyone could have ever anticipated. The volatility of GBPUSD alone is what you'd expect to see in 1 month of trading it. Looking at that scenario ,and the price of BTC- if the market reacts negatively to what Powell says, then do not be surprised to see 14k this weekend at the very least. For the bulls, the best that can happen is a push towards 19.6k. The overall fundamentals are too bad for us to see a sustained bull run.
Best move, would be to play a short with low leverage like 2-3x to negate the effect or volatility of the news. Option 2 would be to wait till around 8:30 pm -9pm and get a better short move with tighter stops and higher risk-reward .

https://www.youtube.com/watch?v=ZVgXiqPG4mw&ab_channel=FederalReserve

Lol, don't tell me you've joined the 14k crew.
Do you lot realise that before we smell 16k, that there's a very strong support at 17.6k?
You all sound as if breaking that 17.6k barrier will be a walk in the park.

No...it wont!
All protocols must be observed.
Jumping from 17.6k to 14k without the bulls defending that support will be a catastrophic crash!
It doesn't work that way guys...NO!

Bmaster:
♉� na sign symbol
It really does not in anyway got anything that concerns the real life bull

I know bro.
Forgot to add...pun intended!

Geovanni412:
Nice one. I am sure a lot of people would want to know this from you - how do you cap your risk when spot trading? I know you don't use stop loss so how do you reduce your risk exposure from rapid drops or rises.

The thing is, I rely so much on key support levels.
Once in awhile, they fail me, and price keeps plummeting.
In such a scenario, when it is obvious price recovery will take awhile, I'd wait for a bounce, no matter how small, and then sell at a loss!

Whenever I sell at a loss, I must recover the deficit, no matter how long it takes.
On the other hand, if a trade isn't going as planned, and i find myself in red, I'd wait for price to touch key support levels below the support I entered.
If the support below works, it gives me hope that price will rebound back to my point of entry.

Just like the Shiba trade, price touched one of the key support areas around 1038 or thereabouts, but i was hopeful that price will bounce back up, as long as the support for BTC also holds.

No trading strategy is devoid of risks.
One way or the other, your open position will be vulnerable to risks due to volatility.
In a bull market though, I can always rest easy knowing that no matter the retracement, price will always bounce back to my point of entry.
This is why I'm in love with the bulls.
In fact, I'd soon stop eating beef due to their generosity in a bull market!

Geovanni412:
Bro, this looks like it could dip more before it finds any potential support. 1038 might hold if buyers appear and hold it for over 8 hours. I don't know what price you got in at sha. On a lighter note, I understand why u no wan play futures -- the sharp moves on days like this can be damn scary even when one is risking 1-2 percent of their capital.

Shiba trade=3.73% in the bag!
Entry=0.00001073
Exit=0.00001110
Holding period=2days

Still have scores to settle with ETH

Pondabrown:
You guys should look at where the news actually came from THE SUN . Western media is really trying so hard.

Are you doomed for life with stupidity, or are you trying so hard to be stupid?
Which one is it...stupid?

Geovanni412:
Bro, this looks like it could dip more before it finds any potential support. 1038 might hold if buyers appear and hold it for over 8 hours. I don't know what price you got in at sha. On a lighter note, I understand why u no wan play futures -- the sharp moves on days like this can be damn scary even when one is risking 1-2 percent of their capital.

Sure!
There's always more room for dips.
I'm just riding my luck by buying at close to support levels and at reasonably low price.
What happens afterwards...I'm not in control, but ready to react to any possible outcome.

About futures...like I keep saying; my trading style doesn't suit Futures trading.
Yeah, the volatility is a major factor!
I'm ready to go down with price to some extent, before it recovers...swing trading!
That's the luxury spot trading offers me.
In futures, it's a nightmarish situation!

Kingsteve:
I think it's safe to say that from now till the rate hike, we'll see some kind of relief rally.
What happens after the hike will depend on how high the rate is increased.
18.2k support is confirmed!
Daily candle turning from red to green with a long shadow behind.
Next resistance target: 20.1k

Just as expected...interest rate is increased by 75BP, which the markets had already priced in.
Expect some upward movement of BTC and altcoins price from now on.
Even if there should be a decline, also expect the 18.2k support to defend the bear attack!
Currently BTC price is gradually going up.
A nice time to go long for some decent gains.

I've already opened a long in Shiba!
Market crash?
What market crash?

shogsman:
Well I don't blame you sha,it is the propaganda you read that you're responding to, by the way nobody failed, Russia has an army of over 3.5m, only 3% of them were deployed to Ukraine, now another 300,000 will be going to support them

Tell me, for how long will you keep talking sh!t while sucking Putin's c0ck simultaneously?
You no dey tire?











*spits*

Pathetic Putin c0ck sucker!
You need deliverance...

And yet, you will still find some NL Putin zombies & c0ck suckers ranting on how Russia will finish Ukraine...bla bla bla.
Bunch of annoying clownish imbeciles we have here.







*spits*

seankafor:
you re not worth the talks..

I want you to put your money for once where your mouth is

I don't care if it's 10 dollar or one thousand dollars

Just for once in your life, be worth all these gibberish you spit

I told you he will chicken out.
Do me a favour...ask him to short from BTC's current price level till it hits 14k.
I would like to hear another lame excuse from him.
I would've asked him personally, but I just don't want to quote the troll.

seankafor:
how much do you wish to stake and which of the escrows do you choose

I'm not staking anything bro.
I said I'm enjoying the challenge you set for Mr. 14k drop.
I just dey observe.

seankafor:
@ deflover, if you have come up with the price and your choice of escrow ( either of ibíme, jèdisco or openheavén)

We will transfer out the said amount to the escrow usdt address, he holds it and credit either of us who wins the bet

Lol
I'm already enjoying this challenge.
Mr.14k drop...over to you.

seankafor:
I want us to go into a bet

$50 $100 $200 as you can afford

If BTC hits 14k before 25k, you chop.. if it hits 25k before 14k I chop..

Put your money where you're mouth is


We can use a reputable escrow here like the OG's jèdisco, ibíme, opeánheaven etc

Interesting!
Would he accept the bet?
I doubt!

Make it easier for him.
Ask him to short from BTC's current price level and leave it to run till it hits 14k.
Still...he will chicken out!
The guy is a troll, know this and know peace!

Siberia01:
Yh I get it
It's good for trend riding for short term
Was kind of worried should anything happen to the value if it's more than a day

There are fees associated with hodling BLVTs.
It becomes significant over a long period of time.
Personally, I think hodling for a week should be the max.

Siberia01:
How long should i hold a leverage tokens when trading
Can I hold beyond a day

Not really advisable, even though due to unforseen circumstances, I've held for 6 days before.
BLVT are for short term momentum trading.

Goldbw122:
Going up, I feel like this night will be bearish.. then tomorrow the market will crash, that is my mind speaking ... Which is dangerous.

Pay attention to the charts, and not your mind.
Right now, price is definitely going up till it hits 20k.
The question is...would it break the 20.1k resistance without much fuss?

Kingsteve:
The BTC daily candle has finally left a wick after touching 18.2k support!
Still...the days ahead will determine how strong this support will hold.

I think it's safe to say that from now till the rate hike, we'll see some kind of relief rally.
What happens after the hike will depend on how high the rate is increased.
18.2k support is confirmed!
Daily candle turning from red to green with a long shadow behind.
Next resistance target: 20.1k

deflover:
What are u saying
Oga rest
Let me mark ur name.
I won't reply u again
As for btc decline
I have always called it
So rest

I think you need the rest more.
You have always called it since how many months ago?
Do you know how many price levels BTC have touched since your never-ending 14k drop?
Is that how you were taught?
If 14k drop is all you can call...then rest!
You've been noticed.

deflover:
U don't have to ok
Once a person doesn't see what u see
U guys get offended
Please buy ok
Keep buying
It's going to 1 billion from here
Load up
Do have a great day

Far from that.
I only see your contribution when BTC is on the decline, and that's when your voice is heard.
14k always come to mind whenever I see your moniker.

Some other poster even called you out for predicting the 14k drop since months ago, and you tried denying it till you were busted with screenshots of the date.
Why deny it in the first place if you're really sure?
For that reason alone, I can't take you seriously on here.
Sorry!

deflover:
It will crash
Leave all this
Na die btc dey like dis

You're really beginning to sound more like a troll.
Can't take you seriously, to be honest.