Linadinna:
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.

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

The day futures go collect all these your fund en ��e go do you like film. You are doing well sha..

Goldbw122:

Yeah it is

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.

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.

Goldbw122:

Yeah it is

You are strong oh. A whole 50x.

Linadinna:
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.

You got it!
Well done!
Keep it up!

Kingsteve:
Update: so it seems there's lots of profit taking and shorting, because BTC hit a resistance at $20,478

This also affected shiba, and prices started falling.
Because of this, I finally closed my position at a profit of 4.84%
Yes, I sacrificed some portion of my profit to see if BTC will defend a higher support and continue with its ascension, but it didn't work out that way.

So my next move will be to allow BTC settle again at whatever support and look to open another long position.

No long talk!
Opened a new Shiba position at 0.00001011 and sold at 0.00001036, that is...extra 2.35%, after BTC retraced from $20,478 and settled at $19,304

Add this 2.35% to my previous profit of 4.84%, it adds up to 7.19% profits for the day.









Who says you can't swim with the whales during a pump and dump?

Linadinna:
You are strong oh. A whole 50x.

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.

Linadinna:
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.

btc is the boss of them all.. the oga patata of them all...

Omobola121:
The day futures go collect all these your fund en ��e go do you like film. You are doing well sha..

Don't worry, if e wipe all my funds, I go still share am here, and if I win, I go still share am here.. so don't worry .

Goldbw122:

Don't worry, if e wipe all my funds, I go still share am here, and if I win, I go still share am here.. so don't worry .

If you use 100% of your capital to trade at 50x leverage, it will take about 2% dump to liquidate your longs

If you use 50% of your capital at 50x, it will take 4% dump

While 10% of your capital as margin at 50x leverage will require about 20% dump to liquidate you.

And so on and so forth.

You can also research on position sizing.

Tsfari:







I really can't explain why I don't ever read your post... I just scroll and pass;...and something tells me there are alot of people like me here

kingsteve doesn't really give a fvck about your dumb ass .

Ask ballzproblemm.

cherryCola:


kingsteve doesn't really give a fvck about your dumb ass .

Ask ballzproblemm.

cherryCola:


kingsteve doesn't really give a fvck about your dumb ass .

Ask ballzproblemm.

still obsessed with me ,.must be nice living rent free in your head ,if notice I hardly comment on this thread again ,since sheeples never learn from deflover. ,and want to turn here to kingsteve personal thread ,see ya

Ballzproblemm:
still obsessed with me ,.must be nice living rent free in your head ,if notice I hardly comment on this thread again ,since sheeples never learn from deflover. ,and want to turn here to kingsteve personal thread ,see ya

Am glad you finally got a life outside Nairaland..... .

By the way how is your gateman job going...... .

Ibime:
My strategy remains to short resistance at extremely low leverage, and not do any buying or longing. Since crypto futures trading is banned in my country of residence, I have been doing this on the Nasdaq100 at 5x leverage for the last two months. That leverage is purposeful because it rules out the risk of being margin-called. The returns are not amazing, about 10% per month but are in line with my goals to preserve capital as first goal and to double my capital over the next two years as my second goal. I plan to return to buying crypto sometime in late 2023 or 2024.

This approach has been slow but steady but still working well for me. It's not like Crypto bull returns but it's yielding something and growing capital slowly to prepare for the next bull run

Anyway, in a nutshell, so far I've been able to prove that 1.5% or more can be made in a day.

Secondly: we can all swim alongside with the whales, and all these depend on good entry, which can't be over emphasised in trading.

On a different note: the major reason I don't do futures is because my trading strategy focuses more on the elimination and management of risks for more profitability and consistency.

With spot trading, I know I'm dealing with the actual price of any token.
No liquidations to worry about.
This is my personal opinion!

Happy trading!

XaToXi:


If you use 100% of your capital to trade at 50x leverage, it will take about 2% dump to liquidate your longs

If you use 50% of your capital at 50x, it will take 4% dump

While 10% of your capital as margin at 50x leverage will require about 20% dump to liquidate you.

And so on and so forth.

You can also research on position sizing.

Thank you boss..

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.

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.

Linadinna:
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.

When it does what will happen?

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.

Ibime:


This approach has been slow but steady but still working well for me. It's not like Crypto bull returns but it's yielding something and growing capital slowly to prepare for the next bull run

Boss, how can someone contact you now

Linadinna:
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.

Noticed the dump and quickly shorted matic 3x. The storm is now calm then I switched to atom.

Atom is performing better than all altcoins in this bear market. Has anyone noticed this?

Linadinna:
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.

Nice one, I think very soon you'll be dropping analysis, and I'll take a back seat, and watch in admiration how you've stepped up.
Keep it up!

Don't take back seat Baba. I'm learning from you codely.

@XaToXi...i appreciate your help the other day. Slowly practicing what you taught me.

Kingsteve:


Nice one, I think very soon you'll be dropping analysis, and I'll take a back seat, and watch in administration how you've stepped up.
Keep it up!

Kingsteve:


Nice one, I think very soon you'll be dropping analysis, and I'll take a back seat, and watch in administration how you've stepped up.
Keep it up!

Thanks bro. I'm still learning though. Maybe when I'm good enough I'll start.

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...

Binance waves isn't as accurate as you are saying. Read their recent telegram posts. They stated on July 5th by 1:39 pm that there is a good chance that their whales will get liquidated. Also see their message in July 4th by 1055 pm when they said 23k is the first target for btc. How do you go from 23k is our target to getting dumped and being afraid of liquidation?

This shows you that nobody owns the market - binance waves are only making speculations based on their market activity.
Try and remember that people have lost billions in crypto and in financial markets in general. Remember that some hedge funds went bankrupt because they thought they knew everything about GameStop stock and even Luna coin. https://www.reuters.com/business/finance/melvin-capital-shrink-after-gamestop-losses-source-2022-04-21/

In summary, stop looking for the holy grail in trading. It doesn't exist...it is a fugazee. Use whatever info you get from binance waves or any analyst (FA or TA) as a guide. Try and know how to make your own decisions on whether or not to follow them. It takes only one wrong decision and bad risk mgmt to send someone back to trenches.

Geovanni412:


Binance waves isn't as accurate as you are saying. Read their recent telegram posts as of today. They stated that their whales got dumped hard. Nobody owns the market . Try and remember that people have lost billions in crypto and in financial markets in general. Remember that some hedge funds went bankrupt because they thought they knew everything about GameStop stock and even Luna coin.

In summary, stop looking for the holy grail in trading. It doesn't exist...it is a fugazee. Use whatever info you get from binance waves or any analyst (FA or TA) as a guide. Try and know how to make your own decisions on whether or not to follow them. It takes only one wrong decision and bad risk mgmt to send someone back to trenches.

Thanks, this is informative.

Linadinna:
Atom is performing better than all altcoins in this bear market. Has anyone noticed this?

I don't see any difference, is just like btc chart too. The ups and downs.

Abi my eye nor dey see well, abeg explain how?

Kingsteve:


No long talk!
Opened a new Shiba position at 0.00001011 and sold at 0.00001036, that is...extra 2.35%, after BTC retraced from $20,478 and settled at $19,304

Add this 2.35% to my previous profit of 4.84%, it adds up to 7.19% profits for the day.









Who says you can't swim with the whales during a pump and dump?

Nobody has anything against you man...but the fact that you enter a trade at 0.001, and sell at 0.00102 and make mouth about it like you are the best trader is at the very best mediocre. I understand there are no jobs in the country, so instead being idle, you think you are doing what you can..it's all good; but your it's your act of chest beating on top this peanut trading that gets some individuals concerned. It's not even futures SMH.


You will get tired though