₦airaland Forum

Goldbw122:
When it does what will happen?

I don't want to wait for what will happen, I exited when it got to 20,530 and pulled back then I got into matic following the pullback. The next resistance from my chart is 20568. There will be a major pullback after it breaks it or even before it breaks it.

Another move this morning. Woke up and looked at the chart and saw that btc had found support at 19,761 then entered into solana. Let's see if it can break yesterday's resistance at 20,750.

Goldbw122:
Am not strong dear, am still learning from the boss.

A learner I am...
Trade with caution
My question is how to know when the big move will happen?
That is my opportunity.

I can see that. The big move is where you take advantage.

Goldbw122:
Yeah it is

You are strong oh. A whole 50x.

konfusedgee:
You would make an excellent trader if you decide to learn futures, observe, modify and observe the market each day,,,, what you described is what is called the market cycle,,,, these movements have to occur else nobody makes or loses money,,,,,, just go to YouTube and search for "crypto or forex market structure"
I hope that helps you make meaning of your observation

Thanks. I'm learning. Would check it out as well.

Kingsteve:
That's it!
Apply caution!

Closed position on atom sharply as btc refused to go pass the new resistance 20,750. Indeed btc controls this market, just as soon as I exited due to the btc signal everything started falling again.

Kingsteve:
Those of you lamenting about how the whales control the markets, have you ever thought about the possibility of being part of those whales even with your small funds?

I'll explain...
Whales only pump a token when the prices are close to support level, in other terms, when a token is oversold.

Today for instance, BTC hit a brick wall at $20,478 and got dumped at $19,304

Now, look at what is happening again...they've bought the oversold BTC and pumping it once again.
This time around, don't be surprised it may surpass the $20,478 resistance and hit the next resistance at $20,906 before getting dumped again, to buy back later.

Conclusion: The so-called whales that control the markets know the importance of resistance and support.

Know this and know peace!
TA is everything, don't be confused!

Thanks bro. Watched some videos coupled with what you said earlier, learnt how to find support and resistance on the btc chart. Caught atom a bit above support and riding. Slow and steady I'm understanding this game. Thanks to each and everyone contributing in one way or the other to this thread, we learn everyday.

Omobola121:
You are not far from the truth. I intentionally joined over 5 groups on telegram and i have been closely monitoring their calls for weeks now.

80% of movement is FA and maybe 10% goes to TA. People with the bags control market jare.....

Definitely, people with bags control this market for sure. From the ustc pump last week to the ftg pump on sunday. These whales buy all at once at a specific time which prompts the price to pump then they sell dumping on people who fomo. Those joining pump groups should be very careful cause these people would buy before hand and come after to drop the coin name when it's pumping and they dump.

Siberia01:
Crypto is fuvking crazy.... Favours a group of people

Yeah, very well.

Kingsteve:
Entry remains one of the biggest challenges in a bear market.
I have no videos to share, but I'd explain this time with BTC chart.

Notice those horizontal lines drawn at the end of each wick connecting other daily lows.
Those are your support.

Now, another challenge is identifying the support that would hold.
To do is, pay attention to your lower timeframes starting with 5mins.

When you begin to see lots of buying pressure which gradually spills into the higher timeframes from 10mins and above, then you may potentially have spotted a good support.

But then again, this is no guarantee, as prices could eventually turn around, turning mini green candles into reds.

Bear market isn't easy to profit from, but small profits can be made if you time your entry well.

Okay, thanks for this, I understand this

Kingsteve:
They're just buying low and selling high.
It's on repeat!

I wish I know how to. I've watched this played out for four weeks now. Coins they trade most are Gmt, matic, solana, atom. Can you please share a video or insight on how to spot btc support and know when to enter a coin. I know when to exit, it's just when to enter.

Omobola121:
Omoh....I have been following Binance waves closely, I swearugawd en e be like say TA dey useless to this market.

I'm 95% convinced that some individuals control this market. They play this market like � ni...

There are people manipulating this market, they go long and exit with profits then short the market. I'll see red everywhere for hours, then all of a sudden green, then in a matter of hours red again. Yesterday morning coins were down. Matic was about 0.45 and Gmt 0.79, all coins and btc were down, waking up early hours of this morning matic had ran up to 0.53 and gmt 0.98 other coins went up including Atom but some not that much. Now they're going down again then in a matter of hours they'll go up. Tell me why I will not feel there are people manipulating the market. I feel they plan when to enter and exit then short, then close short, and wait to long then exit.

Kingsteve:
Yes, you're right in the sense that somehow, the bulls are defending the support area, but not necessarily in control.

Shiba isn't going down as BTC and major altcoins.
In every bear market, look well, you will notice that one or two tokens will defend the bears better than the rest.

The easiest way to understand chart reading is to identify the highs for each day and match it with previous highs.
That is your resistance line.

Same with support...match daily lows with previous lows, and you will notice an imaginary horizontal line that matches those lows, which forms a support line.

For more accuracy of resistance and support lines, it's always better to use a higher timeframe.
A higher timeframe will give you the proper market psychology than lower time frames.

Again, you must learn how to read and interprete candlestick patterns.

Go to play store and look for candlestick pattern apps.
Take your time, read and learn.
It's a gradual process


This is the much I can give out.
If you want more, send me a PM and we take it from there if the conditions are favourable for both parties.

Peace!

Okay, thanks.

Kingsteve:
That's a lame come back.
I said what I said...if you can't make 1.5% daily on some select coins in this bear market (Shiba and Doge comes to mind) then you have no business whatsoever trading.

Go take a look at Shiba chart since two days ago, and verify my claim...that is, if you can read the charts.

This confirms my initial statement about your type on here, you think you know, but you don't!

Let those that follow my analysis be the judge, not someone who thinks everybody must hodl before becoming a successful trader.

At best, you are just an investor!
Bye for now!
Done enlightening your ignorance on here.

One more thing, kindly change your moniker.
I expected someone with that handle to be a good trader.
You obviously have no clue....

First image: Shiba
Second: Doge

Tell me you don't see more than 1.5% profits in those price movements up and down


Anyway, what do you know?

From my own understanding of the shiba and dodge chart you shared. The Shiba chart is more preferable cause the bulls are in control, I guess I'm right, if I'm not kindly enlighten me and pls can you teach me how to read chart? Been watching YouTube videos but they're not helpful just too complex. If you can share a simple way or a link to an easy video to understand I'll appreciate.

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Source: https://www.updatemegist.com/2022/06/ofego-announces-release-date-and.html?m=1

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