₦airaland Forum

Until BTC dumps or pumps a minimum of 10-12% in a single day, don't do anything.

From the image below, it's 8% dump in a day. 2 percent more before you buy. If today ends and it refused to hit a minimum of 10% before it restarts, then wait till the day it'll do a min of -10%.

This rule is the secret of patience building in the cryptoverse.

So you still have access to binance.
Sir,Are you in diaspora?

Bmaster:
So you still have access to binance.
Sir,Are you in diaspora?

I use Binance in Nigeria with no VPN and no issues. Never had issues.

I can't wait to make billions from crypto 🙏🏽.

Today, BTC is down 6.4%. Based on our rule, is it good to buy? No. Why? It's not up to 10-12% dump in a day.

What if it doesn't go below current price? Just wait till the day it'll do a minimum of 10% dump. Even if it pumps to 106k from here and does a 10% dump, it's still better to buy at that higher price as long as our rule is met.

This rule is the most IMPORTANT rule or at least, second most important.

I learned this the hard way.

I'll find time to discuss The Wall of Jericho and The Wall of China. This is a great trading strategy on 1 wk TF. Whenever we break The Wall of Jericho, the green one, we must touch The Wall of China, the yellow one, in Sell Year exception in 2013 Sell Year.

So, it's a buy, but the main buy is when we hit the yellow one after some weeks or months of pump from from here. If only the -10% dump happened today, it would've made sense to buy, but it's still great.

The below will go back to 96-98k before coming for 79k to 72k bottom.

iLegendd:
Today, BTC is down 6.4%. Based on our rule, is it good to buy? No. Why? It's not up to 10-12% dump in a day.

What if it doesn't go below current price? Just wait till the day it'll do a minimum of 10% dump. Even if it pumps to 106k from here and does a 10% dump, it's still better to buy at that higher price as long as our rule is met.

This rule is the most IMPORTANT rule or at least, second most important.

I learned this the hard way.

Legend is the Alt season gone for good?
The market is confusing

maybet081:
Legend is the Alt season gone for good?
The market is confusing

Around June is when QE will start, hence the main Alt Season will start then.

iLegendd:
Until BTC dumps or pumps a minimum of 10-12% in a single day, don't do anything.

From the image below, it's 8% dump in a day. 2 percent more before you buy. If today ends and it refused to hit a minimum of 10% before it restarts, then wait till the day it'll do a min of -10%.

This rule is the secret of patience building in the cryptoverse.

Really,I will be glad if you can lead me into the crypto world,or better still,if you have a page that I can follow for easy learning,I will appreciate,thanks in anticipation.

Donchukz:
Really,I will be glad if you can lead me into the crypto world,or better still,if you have a page that I can follow for easy learning,I will appreciate,thanks in anticipation.

Read this first: https://www.nairaland.com/6504311/crypto-total-beginners-guide-how

Today, we went down 6.2%. We still need extra 3.8% before we buy.

iLegendd:
Today, we went down 6.2%. We still need extra 3.8% before we buy.

Rubbish

Gucciboy:
Rubbish

why did u say rubbish? He has a point nw. Its safe dat way as he said

LoveJesus87:
why did u say rubbish? He has a point nw. Its safe dat way as he said

He's a beggar and a gambler with lots of monikers. I have helped him at least 4 times, so he feels entitled. I ignored his last two begging attempts, so he's upset with me.

If I were in his shoe, I'll also be upset, so allow him express his frustrations, he's entitled to it.

iLegendd:
He's a beggar and a gambler with lots of monikers. I have helped him at least 4 times, so he feels entitled. I ignored his last two begging attempts, so he's upset with me.

If I were in his shoe, I'll also be upset, so allow him express his frustrations, he's entitled to it.

oh you know him before?
May God help us all

Today, it did approximately 9% dump. We were just 1% away from our target. Am I supposed to buy at 9% daily dump? Maybe, but for me, I don't care if I miss a buying opportunity. BTC is not running to another planet, so I'm never worried in missing an opportunity. My rule MUST be met.

If I'm given two options

1. Violate my rule and make Heaven
2. Obey my rule and don't make Heaven

I'd prefer to obey my rule and not make Heaven.

If it's not 10%+ pump or 10%+ dump in a SINGLE day, count me out. I won't take any action until such happens. If it stops at 7.4% pump, I'll just relax. Until the day it'll do 10 in a day, be it any direction.

This is the greatest way to be patient and not FOMO in or rush out.

I would advise you to also read this post below and thank me later.

https://www.nairaland.com/8355786/3-buys-btc-bear-market

....

So, it hit 10% plus pump in a day and I took action.

Chief, I need your training on how to trade in cryptocurrency

Does this rule applies to only btc. What of other crypto currencies?

Today, we saw a 10% dump in a day. I sold all my 100x short positions which I entered yesterday when we saw 10% dump today. What I'll do is, I'll enter a long position, but this doesn't mean the dump will end at 85k. The dump could head to 15% dump, then 24% in a day.

So, it's in 3 stages. 10%, 15% and the worst in a day, 24%, which will send it to 70 something thousands or worse, 69k.

Chizillar1:
Does this rule applies to only btc. What of other crypto currencies?

BTC is the best indicator. I use it to know when it's right to buy alts. So, yes, it's only for BTC, but it oversees every coins.

iLegend 10 Over 10 BTC Trading Rule

If BTC hasn't pumped or dumped a minimum of 10% in SINGLE day, don't take any action.

Also, your action is dependent on the year we're in, in the 4 year cycle and the month / market sentiment at hand + fear and greed index.

If you can obey this rule, swing trading becomes a relief and you wouldn't trade as much as day traders, but you'll make more money than them.

In a year, only 30 days give us 80% of the profit (pumps or dumps). The rest is consolidation and ranging. These 30 days is from those 12 months. Each month contributes a day or two and a special month(s) contribute(s) a week or two.

Those days are the days you enter a trade or sell some or all of your holding as you await another 10% pump or dump.

If e no reach 10%, no put bodi, else you go regret am, guaranteed!

Don't forget, have backup money into at least 8 buys should black swan happens.

iLegendd:
Today, we saw a 10% dump in a day. I sold all my 100x short positions which I entered yesterday when we saw 10% dump today. What I'll do is, I'll enter a long position, but this doesn't mean the dump will end at 85k. The dump could head to 15% dump, then 24% in a day.

So, it's in 3 stages. 10%, 15% and the worst in a day, 24%, which will send it to 70 something thousands or worse, 69k.

sir if btc dump 10 percent, can we quickly buy altcoins like that

iLegendd:
BTC is the best indicator. I use it to know when it's right to buy alts. So, yes, it's only for BTC, but it oversees every coins.

sir if btc dump 10 percent, can we quickly buy altcoins like that?

Thanks

The plan is to hit something I call The Wall of China, the yellow fence, which is at 72k (plus or minus). It might not happen today or even in few weeks of months' time, but surely there is 90% chance it'll happen before the real parabolic October to December pump will happen.

Look at the indicator below, the yellow arrow. Did you see the green line coming down, I used blue V shape to connect it. Yes, when that green line curves back up and starts going up, that is when to go all IN!!! in BTC. We'll not go below it this year except there is black swan.

shiffynaani:
sir if btc dump 10 percent, can we quickly buy altcoins like that?

Thanks

No o! Though, alts will pump after that, but few weeks or months later, they'll still dump lower than where you bought because the market isn't in alt season yet.

Alt season starts when Quantitative Tightening
(QT) stops and Quantitative Easing (QE) starts and that hasn't happened yet.

Whatever 30 to 200% pump you see alts do from now, it's temporary, so you better take profit and stay out for some weeks until another dump happens or until QE starts.

For those of us that trade both ways, we'll still make profit be it in a pump or dump.

iLegendd:
No o! Though, alts will pump after that, but few weeks or months later, they'll still dump lower than where you bought because the market isn't in alt season yet.

Alt season starts when Quantitative Tightening
(QT) stops and Quantitative Easing (QE) starts and that hasn't happened yet.

Whatever 30 to 200% pump you see alts do from now, it's temporary, so you better take profit and stay out for some weeks until another dump happens or until QE starts.

For those of us that trade both ways, we'll still make profit be it in a pump or dump.

ok sir

Thanks

I bought Ethereum at 2.1k. I'll only buy it again when the first digit, 2, changes to 1. Therefore, I'll buy it again if it dumps to 1.5k or lower, which I doubt it will, but nothing is impossible.