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Crypto Currency Investors Thread - Investment (818) - Nairaland

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Re: Crypto Currency Investors Thread by dotun674(m): 9:22pm On May 17, 2021
Just bought some ICP at 200.5.
My preferred entry price. ICP do me well.
I plan on taking profits

1 Like

Re: Crypto Currency Investors Thread by Married2Crypto(m): 9:45pm On May 17, 2021
Hi, some things never change...
If you know you are joining my group to make unsolicited bnb purchase and urgent sales cry or buy request for bnb to pay for gas fee or any other crypto from any member of my group!...pls don't bother, just use the exit button.
NO BUYING & SELLING OF CRYPTOS ON THE WHATSAPP GROUP....YOU HAVE GOT BINANCE P2P TRADING FOR THAT OR ELSE YOU WILL BE REMOVED FROM THE GROUP!! cool

2 Likes

Re: Crypto Currency Investors Thread by mosefin19(m): 9:57pm On May 17, 2021
Ojemedad:


TLM


Need time bro... that coin will still boom well.. let’s watch for atleast 3-6month bought 5k tlm at 0.24$ d coin can still reach 5$ this yr

5 Likes

Re: Crypto Currency Investors Thread by ultravires(m): 10:28pm On May 17, 2021
Abdul4trust1:
please can I buy coin on binance even when I'm not verified?


I'm also stuck at the verification stage hence I'm unable to buy through P2P.
Please house, is there any other way one can buy coin on binance without being verified?
Re: Crypto Currency Investors Thread by DenreleDave(m): 10:41pm On May 17, 2021
ultravires:



I'm also stuck at the verification stage hence I'm unable to buy through P2P.
Please house, is there any other way one can buy coin on binance without being verified?

No

What exactly is making u not verified?
Re: Crypto Currency Investors Thread by Abdul4trust1(m): 10:49pm On May 17, 2021
YoungDaNaval:
P2p. Buy usdt and swap to any coin you like
please how do I use the p2p? Please
Re: Crypto Currency Investors Thread by Abdul4trust1(m): 10:51pm On May 17, 2021
ultravires:



I'm also stuck at the verification stage hence I'm unable to buy through P2P.
Please house, is there any other way one can buy coin on binance without being verified?
it seems nobody is willing to help on this
Re: Crypto Currency Investors Thread by Legalverify: 10:52pm On May 17, 2021
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Re: Crypto Currency Investors Thread by 1kinggy(m): 10:54pm On May 17, 2021
Abdul4trust1:
it seems nobody is willing to help on this

Find someone who is verified. Pay them to buy BUSD or USDT for you. Exchange it for any coin after you receive it

1 Like

Re: Crypto Currency Investors Thread by Maxwell08: 10:57pm On May 17, 2021
Abdul4trust1:
it seems nobody is willing to help on this
Oga use your international passport etc the requirements is listed on the app.
Re: Crypto Currency Investors Thread by IMAliyu(m): 11:17pm On May 17, 2021
With kucoin bringing a fully operational p2p for naira.
I'm fully migrating to there, binance has been annoying me for a while.

3 Likes 1 Share

Re: Crypto Currency Investors Thread by Sambai65(m): 11:40pm On May 17, 2021
waypasser:
Go and verify with your government issued card and do face verification too. If not you can't do p2p.

Claim this free coin before its too late. See below link.
which free coin are you talking about bro
Re: Crypto Currency Investors Thread by ultravires(m): 12:48am On May 18, 2021
DenreleDave:


No

What exactly is making u not verified?

I have been getting unsuccessful verification mail each time I upload my voters card.
Re: Crypto Currency Investors Thread by Wealth7(m): 2:46am On May 18, 2021
cheesy grin cheesy

5 Likes 1 Share

Re: Crypto Currency Investors Thread by jedisco(m): 5:06am On May 18, 2021
On Elon...

There's been alot of talk about his effect on this space and him being the cause of this drop....

While one cannot deny the correlation between the timing of his tweets and some market moves, the thing is with crypt0, it's easy to get carried away with the narrative and forget the big picture...

If you've traded this market long enough, you'd agree that from time to time, bitc0in correlates with certain things before going on to do its thing..
Take the last year for example... It was once so correlated with the US stock market that it'd mimic intraday US market moves... I had to start monitoring the S&P then.... everyone then was about how the US stock market controls crypt0.... After a while, betece moved its way... Later it was how betece would always dump at the opening of trading hours in Asia...this continued for a while before decoupling... Now it's Elon... I wouldn't be surprised if in the next few months, we'd ne blaming dips on something else

Case in point is that the initial part of this bullrun has been quite fast and most new folks who joined this space recently are only used to bitc0in going up and call dooms day on every dip... Wouldn't blame no one. Bitc0in has had 6 straight green months... It's easy to forget that rarely occurs. Folks should also remember it's also had 6 straight red months too and it wasn't the end of crypt0. Give bitc0in some credit it's come a long way.

In the 2017 run, as betece travelled from 2 to 20k, there were multiple >30% retracements. Each of those pullbacks came with its own narrative and FUD, weak hands sold, strong hands bought... This rally is just having its first really deep retracement... Of course, there'd be more in future, and there'd always be a narrative...
Let's look at some narratives over the last year
From 12-10k: Bitfinex CEO arrested and investigated.
From 58-43k: US stock market crashing and crypt0 going much lower
From 60-47k: US president announced new tax rules and US citizens closing crypt0 trades..

Some people bought these dips, some panic sold into these dips, some simply stayed away

But then, (although not apparent at the time), looking at the monthly chart (attached), we can see thst as far back as January, 60k had already started showing sighs of being proper resistance... Personally, I believe big money have just been taking profits at that level and looking to reload lower.

My point is that in crypt0, volatility is part of the game and there'd always be a narrative for every dip.... Every dip comes with proper FUD and every rally with proper FOMO.... One can play it to their benefit or get lost with the narrative. I prefer to filter out the noise and focus on what's important..cos in this space, the majority never wins

20 Likes 3 Shares

Re: Crypto Currency Investors Thread by Notyamate(f): 5:10am On May 18, 2021
Notyamate:
See discount cheesy

Yesterday's dip was a blessing to me smiley

$Xrp, $Ada, $Doge

3 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 5:56am On May 18, 2021
jedisco:
Typically, I dont share charts but I'd share this time.
People draw and interpret then in different ways but once one works for you, stick to it...

One of the reasons I wasn't as perturbed with this drop was when I looked at my chart.

These charts extend back to the March crash. It exited that channel thru the top, got into another, exited it and is currently testing the top of that channel as support.
The pattern on link and eith is fascinating. They seem to have a certain relationship with betece.

There are two charts there, one is the daily chart (second) and the other a 4hrly chart (1st and 3rd pix). The 4hrly chart is to zoom in and see how price action works.

For those looking at learning to chart, take note of two things there

1. On the 4hrly chart, look at that candle that crossed the trendline. It's whats called a hammer or dragonfly doji. When you see that printed at a strong support, then you can relax... It signifies a trend reversal and that buyers are significantly present. The opposite is called a gravestone doji. You see that printed at resistance, take your money and run.

2. Second one also on the 4hrly chart is what just printed... it's called a double bottom. To me, it's a powerful patterns in trading. You see it when a tend reverse and usually confirms an area as support. The opposite is a double top.

It's worth checking these up online and observing them in charts. Also worth looking at 'head and shoulder' pattern.

Also note that the higher the time the pattern is printed, tge more stronger it is. I.e a hammer on a daily chart would supercede an opposing pattern on a 4hrly chart...


Now to projections; in trading nothing is certain, but as a trader, you have to plan your trade and trade your plan. The reason I didn't post this earlier was cos I wanted the daily candle (which also ends the monthly candle) to print. The next major resistance is the 35k level and to a lesser extent the 38k level. If we take these, then we should move out of this range. Exiting this range (i.e 41k) and confirming it as support could easily see us get to 60-70k. Sounds crazy right?

With the way eith is going, you can imagine what it'd do if that scenario plays out. That's why I'm excited on it.

It's always worth considering the opposite argument. The bearish scenario would be a heavy rejection and failure to take any of those resistances I mentioned. That may see us go down. Loosing this trendline would spell danger. I pray that doesn't play out

I remember sharing this in January when betece was at a similar precarious situation, reason I quoted this post is that I'd be sharing same charts in that post, see what's happened since and examine the bullish and bearish case

4 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 5:56am On May 18, 2021
On betece....
I've attached 2 charts which contain same untouched trendlines from my January post... First is a daily chart which also shows the RSI has been making lower highs and lower lows for sometime now... 2nd is a 4hr chart which sheds more light on recent PA

Lets see the bullish vs bearish case...

Bullish case:
1. Betece held the 21 week EMA last week despite the selloff
2. Both 4hrly and daily RSI are bottoming with the 4hr already in oversold territory... Good also is that they are forming bullish divergence so far
3. The hash ribbons (shared here a while back) which is quite an accurate indicator has already printed a capitulation signal, soon enough, it'd print a buy signal which would signifiy a good opportunity
4. Market is extremely bearish currently- though not a technical reason, I'd be surprised betece dumps thru 40k straightaway without at least getting a relief rally considering market sentiment

Bearish case:
1. Betece has lost the diagonal support (see attached charts)... While this can be a fakeout, what happens when it gets to retest that trendline would be significant. For a support that has held for long, loosing it proper would mean significant downside..

2. Though the daily RSI is at bottom, there's still some room to go lower into the oversold territory...

3. With repeated rejection off 60k, betece has to find proper support where new buyers are willing to go all in... Below 40k has lots of support clusters and would be a sweet area for new money.

In summary, there are good reasons to support either scenario.... But personally, I wouldn't be selling betece into an RSI that looks that way now.... I'm playing this bullish and would be adding on dips and targeting the 49.5 k region to reduce exposure and re-evaluate. If things nuke, so be it

4 Likes

Re: Crypto Currency Investors Thread by manitoba(m): 6:08am On May 18, 2021
How do you guys like your 'Greens'? Lol It's been good building those super foundations, now let's go to the Moon.

2 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 6:09am On May 18, 2021
jedisco:
Betece dips can be a good time to target strong coyns which have just broken out of consolidation range but are forced to retest support as betece corrects... Usually, they'd continue their upward trajectory once the correction is complete, they run fast...
Recent breakouts have been aave, dot, ksm and atom.

On Atom, an entry between 24-25 should be one to keep for sometime.


On ada, I took some off at 2.45....
It's hyperextended from the 1hr abd 4hr support... Will look to buy back close to support... I don't believe it's rally is near finished..just looking to compound profits... Same with xlm...took some off at 0.78

jedisco:


On the breakout group, I went with aave and it's had a nice bounce so far...... Still think the others are equally as hot

I'd look to cut some of my Aave around 700 if it gets there... Don't think the top is in, but in these market conditions, I like having firepower and would be bidding 580-600 for a repeat

3 Likes

Re: Crypto Currency Investors Thread by Nobody: 6:16am On May 18, 2021
SMJay:
This was supposed to be posted yesterday but unfortunately I don't know what happened to either my phone or nairaland.

The journey has been bItter sweet, but will be ungrateful if I don't acknowledge the following:
Ilegendd

Jedisco

Sailor1

Openheaven2019

The above are the named person made the journey easy

The next set of people are as follows in no particular order made it smooth

Puvo- Boss of all bosses, the man that pushed me beyond my limits and said, " it's in you"

OMT- Irumole of cryptocurrency, he was born for this market, many years of experience in NSE, his signals are 90% accurate

Abies2d- Lol! She started out as a newbie in February 2021, but today I call her the Cryptogoddess

Spaco David- My very first lesson on resistant and support & RSI, he taught me, he uses technical analysis for virtually everything namely eating, walking, to board & aligth from a bus, what to wear, just name it. I call him Lord Scapo the master of scalping

Kaytule- This man was born to be a tutor, he has a YouTube channel on everything cryptocurrency, very detailed and concise. He taught me the ABC of crypto, my first purchase and sell off on binance, how to use binance and other exchanges was tutored by him, then he has not gotten his YouTube channel.

Peter Emu- I call him the moonshoot master, has his Telegram & WhatsApp group, everything and anything sh!t coin, he is your plug, he tutored me how to transfer to trust wallet without paying a gas fee (unbelievable). Check him out on YouTube

Morenike- My able and capable PA, if you need all lecture notes audio VN about the above mentioned name people, she has got you covered. Oh! She is a guru in her own right, runs her WhatsApp group too

BtcManagement & Anonymous both of them undergraduate doing exceptionally well with market fundamentals, they both gave me a crash course on market fundamentals & the lingua in crypto

Daniel- I call him Mr Reseacher, you need anything at all in this market, he will get it for you, if you cannot find it, his that good, he made me understand 7 rules of crypto of which 5 became important to me
White paper
The people behind the coin/project
Market cap
Circulating Capital
And the use case of the coin


Nrs Dano- My brother from the North, changing every arewa persons perspective about crypto

Major- My FIRST lesson in future trade was "the Major without no barracks". He said, "FUTURES is rewarding only if you can define the difference between being careful and daring".

Thank you so much.
Intressing ....

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 6:16am On May 18, 2021
jedisco:
I started building a new medium term position on xrp during this dip... Got some at 1.26...

It's been cooling off for a while and with xlm showing strength, wouldn't ve surprised it picks up in the coming weeks... Another major I'm looking at is link and xtz...

Also, the dot/uni/aave/ksm group which rallied in January/Feb this year and have been ranging since seem to have started picking up

jedisco:


Glad I got into this position... It looks to be revving it's cylinders.... Hopefully, it doesn't collapse under the Betece pressure.... Once betece settles, it should make a runner...

If xrp makes a runner, I'd look to cut some around 2 dolls and perhaps bid a retest of 1.6...

2 Likes

Re: Crypto Currency Investors Thread by Nobody: 6:19am On May 18, 2021
WallStreetfx:



SL hit. Placing buystop on the top of that blue resistance. Not giving up yet.
Does stop loss means that ur portfolio won't decline if the price of that coin goes down further? Or that you will sell off automatically once it gets to that level to prevent further loss?
Re: Crypto Currency Investors Thread by finnacle2020: 6:19am On May 18, 2021
Married2Crypto:
Hi, some things never change...
If you know you are joining my group to make unsolicited bnb purchase and urgent sales cry or buy request for bnb to pay for gas fee or any other crypto from any member of my group!...pls don't bother, just use the exit button.
NO BUYING & SELLING OF CRYPTOS ON THE WHATSAPP GROUP....YOU HAVE GOT BINANCE P2P TRADING FOR THAT OR ELSE YOU WILL BE REMOVED FROM THE GROUP!! cool

Link to the group
Re: Crypto Currency Investors Thread by jedisco(m): 6:19am On May 18, 2021
manitoba:
How do you guys like your 'Greens'? Lol It's been good building those super foundationd, now let's go to the Moon.


Easy my brother, the day might end quite different from how it started, also, yesterday's betece candle wasn't the most bullish...

It's worth remembering that on such rallies after a dip, folks have been burnt and are agressive in taking profits once they see weakness.... If you caught dips over the past few days, it's might be good to target resistances to take profits..

3 Likes

Re: Crypto Currency Investors Thread by bigx(m): 6:25am On May 18, 2021
anastasius:

Does stop loss means that ur portfolio won't decline if the price of that coin goes down further? Or that you will sell off automatically once it gets to that level to prevent further loss?

Yes it would sell off then you can buy back if you still want when you feel its low enough for you

2 Likes

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