₦airaland Forum

VeeVeeMyLuv:
Finally it sold Boss
Hope you take the trade?

Yes, I rode the trend even USD JPY on the 12H, I'm about to ride it downtrend.

If you read what I posted 1-2 weeks ago when BTC was around 103k. I told you all that it's a downtrend; many didn't believe it, but they still feel or predict it's an uptrend.

In this market, you don't predict, it's either you use fundamental or technical analysis, while keeping in mind that anything can happen at any time.

Allsmilez999:
So no guru can help this brother?

Also, when all btc has been mined... do you think it will hold value?

I asked an open ended question. You ask yourself and make your own decision.

Okay, I saw the picture just now that someone posted here which am also attaching.

I WANT US TO ASK OURSELVES THIS QUESTION
1. If cryptocurrency becomes very acceptable and becomes just like USD, EUR or the rest, will the value increase?

You know we always say that when something is scarce or something is not common they tend to increase in value while something that is common and everywhere becomes lower in value

Now ask the same question again, will BTC price go up?

2. What is the common instrument that is always pair with BTC?

I won't stress you with this, it is USD/USDT (BTCUSD/BTCUSDT)

3. If BTC is accepted which currency will be very high in Demand

I won't stress you, it's USD. Which will make currency like CHF dry out. GBP and EUR will still be top contender. Trump is very smart man.

4. Now ask yourself, which government will control the BTC

Probably, USA

Now ask yourself, when BTC was created, is this not the exact thing it was created to defeat.

Answer this alone.

Price is on a critical zone.

The market opened at exactly 11pm WAT last night. This is around 5:30 a.m. WAT, so it is about 6 hours and 30 minutes since the market opened. The Sydney/Asian market is known to be sideways, and the market barely moved, as seen in the attached 4-hour chart. This is why it is never wise to open a position in the Sydney Asian market.

We are yet to know the direction in which the market will be going. We have to wait it out till the London open today.

damoobaba:
Expect her return, and ensure you have money in case tou want to taste anything. That lady has been spending pound, dont wait at tge airport with 100k thinking you'll benefit anything. Anyways she'll sort herself out.

She better do.

DiarisGodoo:
Not everyone on this platform is in Nigeria!

I forgot. There are single folks in UK looking for a wife who will receive him with open arms.

What can we in Nigeria do for her because I don't understand what she is driving at

MamaFutures:
Most of those dropping trash here are doing so because they belief that the thread is filled with novices, & that they can get away with it.

I will expose you, if I set my eyes on it.

I normally follow Forex factory threads and I just discovered that Nairaland even had a thread like this. I discovered that most analysis here is based on prediction. No TA and no FA at all which is sad. I actually thought most people here normally do black magic to know their market outlook. No Chart or News to backup claims but I want to believe many of them are just catching cruise but I will try my best to update this thread anytime I have chance.

I'm more of a Forex trader but I'm a big observer of BTC as I like joining trends anytime there is big opportunity. I hope my zeal to do that don't die.

I'm new to this thread but am a big follower of threads in Forex factory. I read through the last few threads and I realise here most people based their analysis on prediction. A good trader doesn't predict. In fact, anytime you see yourself predicting, take the exact opposite. I am only writing this to advise young or new traders.

1. Always backtest, don't take trades without backtesting, and I know many people call backtesting Bull crap, but that is the only way to know if your newfound or stolen strategy works. If someone sells you a narrative, check through history to see if it actually happened.

2. Take a step further to try them on a demo account and see if it actually works before diving in.

3. Slow and steady wins. Brokers like Exness have a Standard Cent account where u can trade with cents instead of dollars. Try them on those newbie accounts first and try them on a big time frame. Make sure you have gained mastery before diving in with a dollar account. You can even use this cent account for months, all u just need to do is change the lot size to gain more dollars.

4. Lastly, when you realise that you win most of your trades, that's when you should go live on a standard or pro account.


Don't part with your hard-earned money.

Firstly, normally I don't trade during the Asian Market because mostly it's sideways, but if I have made enough profit during the New York or London time, I can hold during the Asian Market hoping to continue the trend. I always like my entry in the London Open.

The secret of EURUSD lies in Technical analysis, fundamentals don't do much because fundamentals will influence for a few hours, and it will just go back to the trend it left.

You always have to backtest your strategy. Mostly here, my strategy will be more of trend following while targeting next zone (resistance or support), and I will switch once I notice a change in direction.

When you are trading EURUSD, I don't advise you to hold like some fortune teller. Take your profit and always listen to the market's body language and don't predict, move with the market.

cmoney22222:
MONDAY → U.S. GOVERNMENT SHUTDOWN ENDS
TUESDAY → FOMC CONFIRMS NEXT RATE CUT
WEDNESDAY → FED PRINTS $1.5 TRILLION
THURSDAY → CPI DATA REPORT
FRIDAY → CRYPTO LEGALIZATION BILL SIGNED

BULLISH FOR BITCOIN AND CRYPTO!

Thank You XM news’ for this

Don't trust news outlet except from FXStreet, they release news that are untrue to influence traders decision making. There is no Federal interest rate cut or review assigned for Tuesday. CPI is sure to watch out for.

Tuesday is even a bank holiday. So USD could have a standstill and not move much. And other instruments could see a little gain against USD

VeeVeeMyLuv:
So Boss how do you deal with the indiscipline demon? The demon called indiscipline?
The demon that won't allow a trader rinse and repeat.

I understand you very well. This is the battle many trader have to deal with at first.

Firstly, you must know who you are. And this majorly because most of us start our journey on the small hour time frame, you want fast result. You want to trade and pick your profit in the next hour, then we fall into the trap of trading and watching then sometimes we trade the news and the market pulse on us, then we take loss in a losing position then dive in repeating same.

Secondly, if you have to add more capital, trade the bigger time frame. Monthly traders look the weekly traders like fools, the weekly traders looks the daily traders like fools, so the daily trader looks the hourly traders like fools, even the hourly traders looks the minute traders like dingbats. You get the idea. It is also noteworthy that the bigger the timeframe the lesser the noise and the rest of mind.

Thirdly, for whatever strategy you adopt make a decision from the bigger time frame, if u are Scalping on 15minutes and it says Buy on the 12H or daily, make sure u are Scalping up, scalp with the big player and vice versa.


Lastly, Jag of all trade, the master of none. Pick up 1-3 pair and master it, ignore the rest. As for me EURUSD, GBPUSD and USDCHF I have been trading for 4yrs, I get no surprises. Infact I know what's gonna happen every point in time, my prediction are always 90% accurate even sometimes if data is dropped I know if the data won't be followed by market sentiment because I have mastered it. For other pair I could be very wrong. So stick to the pair you know.

I hope that helps

VeeVeeMyLuv:
BRO The FX markets these days are like okporoko, dry stock fish

How are you guys coping?

Not at all even with 0.01 I still make 20-30USD per week. I only trade EURUSD, GBPUSD and USDCHF. I don't meddle with USDJPY and AUDJPY because it's fundamental, I only trade it when there is a clear sign of trend and even at that AUDUSD and USDJPY can switch trend anytime.

My strategy is always to follow the big players, Weekly and Daily then throw in my lot at the 6H, I only use 1H entry and exit.

Modified: Look at the 12H timeframe on EURUSD, you will agree with me that there is a clear trend going up and down which winners follow. Now go back to the 1H, you will get confused because News gives fake out for 1H traders which they lose a lot.

If this thread is active from other traders, I'll put effort in dropping signals.

BTC is on the first critical zone in the weekly chat, which is marked 1 in the attached Picture (Picture 1). If there is a pull down this week which is anticipated in the next few days it's heading to the critical zone 2.

Remember back in June, Texas bought in BTC reserve (Picture 2), this was major reason why BTC pulled up in June. An equal news or some propaganda need to be pulled to make BTC uptrend this time again, if not people are locked in to pick profit and less buy in.

No doubt this could be a retracement before an uptrend, but you must be watchful and don't get caught in between.

From a kin observer.

Modified Critical Zone 1 (June 2025).

EURUSD has been on a downtrend for some time. We just have to wait for the opening position today to see the right path to take. Good morning.

I'm a Forex trader and I am specialised in trading EURUSD, GBPUSD, and USDCHF, most especially EURUSD, because I have a strong understanding of it history. EURUSD also has a strong positive correlation with GBPUSD and a negative correlation with USDCHF.

I realised that no thread actually does justice to Forex trading, so I am opening this thread for people to update their EURUSD analysis. Make sure you always update your analysis with a picture so as to make other traders know what you are passing across. I will try to keep this thread alive, and I want us all to do the same. As I like giving back to the community that made me.

GBPUSD and USDCHF analysis is also welcome because of the strong correlation with EURUSD.

In Forex, I'm a day trader as my outlook doesn't go beyond holding for 6H - 5D, so it's advisable to always check for my change in outlook.

Please let respect each other on this thread.

geedot:
When will it do that? That's what makes money in this line of business and not throwing bogus analysis all over the place.

Everyone knows BTC will go up, how low will it go before going is what most people don't know and why they lose money.

It's no coincidence that price has started buying again as I expected after tagging the target level.

If you know me well I don't judge based on 1H which I call fake out. Look out the 12H, tell me what you see? It will likely touch 103k then touch 99k-98k. I won't tell you to buy or sell, I give my analysis, it's left for you to take decisions according to your strategy. I'm not a scalper, I'm a day trader and my plan is to hold for a week or even 2-3 days sometimes

I don't share views on 1H time frame. My outlook is always to hold for a week. Check my previous analysis.

Modify: BTC is resting, the current up and down movement is not a trend on the big time frame, Infact all they see is pulse. But if it's a trend continuation it's down.

geedot:
When you start seeing strong sell on volume, but price action is showing you wicks, they about to reverse price from the nearest zone.

You either close your position, or cover the risk by breaking even to avoid story that might touch the heart.

If majority are losing, it means this thing isn't random.

Below is the last 30days data for those doubting if this really works.

For now Eth is going downtrend, it's in a critical zone why the outlook is like that, it will go down and possibly touch 3088 again

Chilipepper:
But Alts are not dipping like BTC

Most alt coins form positive correlation with BTC, the percentage difference vary. BTC will push up faster than alt coin and BTC will also push down faster than alt coin. It is not correct science.

Chilipepper:
95k?

103k was a strong support, it rallied up then rallied down to 99k, this means we might get push down to around 97 or see another uptrend to correct then go down trend further to around 95k. This coming week watch will be interesting.

Attached is the Daily Chart

Just like I said yesterday, BTC is downtrend. Don't be decieved by 1H fake out.

Sirchiboy:
Daddy no leave me alone

Find a way, maybe somewhere to reach

Verbtips:
1h is too small at least 4h

Exactly, I like even meddling with 6H, before taking a daily bold move. 1H is good if you want to trade the news but if you are looking at a bigger outlook, I advise traders to watch 4H and 6H closely then base it with the daily and weekly. Too much noise when u move to 2H downward unless you wanna do intense Scalping.

Verbtips:
cit don scatter😂,let's watch the idiot next move,but the 3 goc rsi has recovered on the daily time frame,that why I will leave my long position for now

I saw that momentum on the 1H Timeframe too that looks like a buy but be ready for a reversal anytime, and it will go dipper than Kim Kardashian coochie. And looking at the run BTC did this year, you will agree with me it's not a bad time for BTC to retrace before going higher maybe next year.

Modified: Don't limit yourself to 1H (Picture 1), I like people that is looking at the buy opportunity in the 1H timeframe to check the 6H timeframe (Picture 2) and see that it's not yet a good time to rejoice over a buy that can be a fake out.

The 6H (Picture 2) is showing that the uptrend is about to fall apart. Attached is a description.

Verbtips:
but mine is signalling a reversal

On the weekly it's a downtrend but it will first correct before it trend down again. Notice that this week bear candle have a bigger body than the last 2 bearish shadow. it shows that the bearish are still much in touch with reality.

This is not a financial advise

First I like analysing from the weekly Timeline (Picture 1). So compare the RSI 21 and the line chart (chose line chart because it tells us the closing price for each week). You don't need an holy man to tell you it is a downtrend and it is a downtrend that will first bounce up before moving down again. When is will bounce up might be this week, might be next week we don't know yet but it will definitely go down. This for the investor, you can buy and follow it up knowing that you take profit and sell again when it is going down (Picture 1)


Secondly. On the 6Hrs (Picture 2). it's looking like a sell opportunity but wait for a curve before making your sell decision. This is for the daily/weekly traders (Picture 2)

Thirdly, for the scalper, Looking at the 1H timeframe (Picture 3). Scalp when the price is going down, Scalping up is very dangerous because the 6H and Weekly trader are looking for a sell opportunity which you don't want to be cut between.

As I said, this is not a financial advise, I'm a big observer of the trading sphere especially Forex. I only felt its good to give back to the community that made me.

Sirchiboy:
I am jobless right now

Unfortunately, I tried helping you. Sent a message severally and got a short ban. If you have any way to reach out.