₦airaland Forum

Geovanni412:
Bro, you haven't said anything definitive yet. What is the direction to take and what is the possible stop loss? Over to you.
I might be wrong but I still maintain my position that buying btc right now is a very dangerous play to make unless say na scalping because the movement is too whippy and can violate ya stop loss before u go see profit sef.

Omobola121:
Thank you your analysis has been helping me with my btcup. I want to sell off again now and re-enter or probably engage in btcdown now till tmwr.

Geovanni412:
Nothing wrong with shorting as long as your s/l is between 28800 -32k. For buyers, better to wait till 21k. that's a better risk-reward ratio than chasing this current up move. That's my take for now.

Omobola121:
I no dey drop anything again o....wahala too much abeg

Sey1olumuyiwa:
I don't think it will touch 21k region........most likely 22k and a bounce upwards........we can't really know now till after sec meeting in September and likewise there are speculation of increasing in interest rate again.......but what do I know ........

Fastt:
You are getting better, not those analysis of btc either going 22k560 or dropping 22k499.
You have started integrating news(now you know its a speculative asset).
Anyway, you are on point, if you drop prize of anybook here, i go report you sharply !

Geovanni412:
The market has already mooned as I dey so. The issue is whether this movement is sustainable or not. Look at what is trying to print on the 4h as we speak. In my view, if btc can find buyers again at the swing low of 23k, then perhaps it can kill the 24k zone. Other than that, it is very dangerous for anybody trying to enter a long on btc right now.
How btc behaves after retesting the 23k level again will determine if we see 26k or we go down to 21k. It's anybody's playground from there.
In summary, right play to make right now is to either short with good risk mgmt or to wait till 23k/21k to try and buy

Geovanni412:
The market has already mooned as I dey so. The issue is whether this movement is sustainable or not. Look at what is trying to print on the 4h as we speak. In my view, if btc can find buyers again at the swing low of 23k, then perhaps it can kill the 24k zone. Other than that, it is very dangerous for anybody trying to enter a long on btc right now.
How btc behaves after retesting the 23k level again will determine if we see 26k or we go down to 21k. It's anybody's playground from there.
In summary, right play to make right now is to either short with good risk mgmt or to wait till 23k/21k to try and buy.

Omobola121:
Kingsteve Baba

I'm still holding my btcup... don't know if I should pull out now but the chart still look bullish.

Your take please?

Omobola121:
Kingsteve Baba

I'm still holding my btcup... don't know if I should pull out now but the chart still look bullish.

Your take please?

Omobola121:
Kingsteve Btc

Kudos! You are so positive about it.

Elliotwaveforec:
You win! Swing must be combined with day for more profits. Profits mustn't be allowed to fizzle away.

Omobola121:
Lol...You en

NotBeenPaid:

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Please what do you mean?

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Elliotwaveforec:
You're a day trader, I'm a swing trader; we are different. It's still going to selI off, if you like write all the epistles of this world.

Elliotwaveforec:
Breakout, strong sell

Siberia01:

Seriously everybody is now doing abitrage

@kingsteve your BTC is on a free fall

DenreleDave:
I no see am.. Shey make we buy or hold on

Omobola121:
Kingsteve Happy New Month.... Your take on Btc this week? E just dey do seizure since.

Kingsteve:
Btc powering up to close the weekly candle above 23k/24k and most likely, open a new weekly candle at 24k

What this means is that in the coming weeks, BTC will be chasing 26k, where it will face another stiff resistance by the bears.

When it eventually breaks that resistance at 26k, next stop is 28k, where the bears will be waiting for another territorial battle!

We wait and watch...

Generalwoodz:
Who knows the particular dick she had in mind the second she voiced out that wish? All dick ain't the same and mama must've remembered that one night when she was banged by a guy, let's call him Gbolahan.

Perhaps mama was sweet sixteen and just met Gbola. A fresh-looking, body of a god and a handsome young yoruba man who came for study.

The sweetest sex in my book happens when one's young.

When Gbolahan, the Yoruba demon finally seduced mama, she fell flat to his power.

And on that day, the day the powers of the universe said they'd have sex, Mama's spread her legs widely and our son Gbolahan gave her the sex of her life which almost crippled her.

Gbolahan nearly burst her uterus.

I don't even know what I'm writing again! But, by and large, Gbolahan died the next day in an auto crash and No man was able to replicate his feat even though mama travelled the world in search of Gbolahan's kind of dick.

She had sex a thousand times but nothing could compare to what that man gave him.

And on her sick bed, she had no choice but to have Gbola's dicked erected in its full glory right on her grave.

Geovanni412:
It's too early to call for 31k reading this year. I think the market picture next week will give us a better idea. Btc is at a key support area- it broke out from the 23k area. Most breakouts are followed by ranges over 60 percent of the time. Considering the area it is at, I expect it to retrace back to the 23k area from its current price of 24,500. It's reaction off that zone will provide more info as to whether 31k is feasible in the short term or not.

Geovanni412:
Bro, you are talking about trading on daily and weekly timeframe. As a trader, I will take a long or relief rally if I see the opportunity to make money off it. I can either scalp it, break even or double my money off such a trade. Now, this fact does not in any way change the overall/general market trend on the monthly.
There is no miracle that will stop this recession. All that the us fed is doing is to try and slow it down. Watch these videos for more context :

https://www.youtube.com/watch?v=_r_7N9EMJy8

https://www.youtube.com/watch?v=j9vL6K2Yop0

Btc being oversold does not mean we have changed from bear to bull market. It could simply mean that we are seeing a relief rally. See this article: https://www.investopedia.com/terms/r/relief-rally.asp

In summary, as an investor, one should be careful of jumping into relief rallies because they could burn one's portfolio. On the other hand, a trader (a scalper or daytrader) doesn't need to be too concerned abt all this news. His focus will be on the market delivering signals on support zones on the daily and 4h charts.
No matter how a market drops on the weekly, 60 percent or more of the time after every breakout downwards, it will range. This means, there will always be buying opportunities even in the midst of a recession.

Geovanni412:
Here is what I think. The market crash will start gaining speed around September this year. Last time around in 2008, the market was ranging on the monthly till September 2008. From September 2008, the market consistently fell with speed.
The same scenario may play out this time around. A lot of experts are projecting this market crash to be worse than that of 2008.

Khayceeofficial:
You earned your respect on here man... Kudos

God save that misturman say him deactivate him account. Tried replying the A$$hole and I got banned on here

Florasilver:
Quite impressive.

DaemoLee:
Try ur best to quit using "just like I analysed", just like i predicted, just like 'i' this and that...

It kills all ur points. I most times stop reading after those lines.
Taking this correction would portray u maturely and better anywhere u speak.

DenreleDave:
Should we start buying?