₦airaland Forum

XaToXi:
Sorry to hear that.

What leverage did you use and what quantity of btc did you buy at what average price?

Btc has dropped about 20% this month so far and if the 78770 monthly support holds, that will make it a 24% drop this month.

What this means is that you shouldn't have traded btc or any other coin for that matter, with more than 4x leverage. Worst case scenario, 5x (100/20% or 25%).

You also shouldn't trade [futures] with money that will give you HBP if it disappears.

You should also learn to ladder your entries. If you DCA every 5% drop for btc, you can DCA 5 times for btc over a 25% drop but your total position size thereafter should not exceed 4-5 times of your capital.

lessons learnt, was surprised to see BTC dipped that much.

twosquare:
Sorry about that...these days are really volatile days with tariffs slamming here and there. Trump spitting fire. DOGE restricting America...etc.

I do not have any open trade except XRP, which I opened on futures since 2024-12-03, and it is still open till now. And I used x2 leverage.

Please, anything above x5 IS HIGH RISK!! 5X sef is high risk...but they won't tell you. Don't be deceived by people using x50 with so many percentage % profit. To use something that suicidal, must be in a really confirmed bullish trend and not a volatile up and down market.

But just stay away sha and know what you are doing.

I will advise you to stay with forex and silently chop money. It still obeys certain rules and economic news. But for the crypto market, if Bitcoin is moody, other coins must collect. I have been on forex since January now and cashed out twice. I may resume trading on crypto but not yet. Maybe when Trump sorts itself out sha.

Sorry about your loss. Painful. $200 from that 600$ will get you a good account on Tentrade.

thanks man, never knew it's easy to trade Forex than crypto.

Below is one of the pure scam in Crypto

There is no need of the circled to go up if it's not going to pass where it's coming from

Those are the traps for liquidation

twosquare:
Sorry about that...these days are really volatile days with tariffs slamming here and there. Trump spitting fire. DOGE restricting America...etc.

I do not have any open trade except XRP, which I opened on futures since 2024-12-03, and it is still open till now. And I used x2 leverage.

Please, anything above x5 IS HIGH RISK!! 5X sef is high risk...but they won't tell you. Don't be deceived by people using x50 with so many percentage % profit. To use something that suicidal, must be in a really confirmed bullish trend and not a volatile up and down market.

But just stay away sha and know what you are doing.

I will advise you to stay with forex and silently chop money. It still obeys certain rules and economic news. But for the crypto market, if Bitcoin is moody, other coins must collect. I have been on forex since January now and cashed out twice. I may resume trading on crypto but not yet. Maybe when Trump sorts itself out sha.

Sorry about your loss. Painful. $200 from that 600$ will get you a good account on Tentrade.

Do you mean forex is better than crypto. I want to try forex also.
Can you recommend the best platform I can use in trading?

Let’s get to business


Happy Sunday

Let’s play

In this position; I am using chicken change of $4 to trade this game.

I don’t joke with my $1 profit

Since it’s *2.5 leverage, that is equal to $10 on margin.

Always remember I am posting this to help people on this forum improve their trading game and it has a stop loss

If you believe my works , then play along

I dont charge for signals
All free

I set limit order to buy more if it drops

Peng12345:
Do you mean forex is better than crypto. I want to try forex also.
Can you recommend the best platform I can use in trading?

Use Tentrade (you can get instant account). I meant if you are good in crypto, it's easy to make it in Forex as it follows the rules of engagement most times, unlike crypto where only one coin determines the mood of the whole market. Currency pairs are based on the news or performance from those countries.

It's also volatile if you're trading commodities like Gold. But at least, it's still better in my opinion. Just that crypto sells the "extremely rich" dream and possible too. But most na lamba now.

twosquare:
Use Tentrade (you can get instant account). I meant if you are good in crypto, it's easy to make it in Forex as it follows the rules of engagement most times, unlike crypto where only one coin determines the mood of the whole market. Currency pairs are based on the news or performance from those countries.

It's also volatile if you're trading commodities like Gold. But at least, it's still better in my opinion. Just that crypto sells the "extremely rich" dream and possible too. But most na lamba now.

Well said.

And one expert was asking why analyze btc without trading it.

XaToXi:
Well said.

And one expert was asking why analyze btc without trading it.

The person will learn now . That opinion is only viable if we are in the alt season. But generally, BTC is the superior indicator for the crypto market before anything else.

It took me some time to figure that out when I started my trading journey. I go dey vex, and most posts on Twitter then didn't mention this fact, na just to dey offer people lamba.

Anyone who wants to enter trading on crypto, for newbies here, please, first analyse and anticipate Bitcoin's possible move before anything else.

March 14th, pi day. If you're holding some pi, you can sell and rebuy later when it dips.

We wey our pi dey lock till 2027, na on God oo maybe by then price don turn to 0.0002 🤣🤣🤣 dust dust.

Chai my pi oo

twosquare:
Use Tentrade (you can get instant account). I meant if you are good in crypto, it's easy to make it in Forex as it follows the rules of engagement most times, unlike crypto where only one coin determines the mood of the whole market. Currency pairs are based on the news or performance from those countries.

It's also volatile if you're trading commodities like Gold. But at least, it's still better in my opinion. Just that crypto sells the "extremely rich" dream and possible too. But most na lamba now.

So you are yet to notice that the news or performance from one country also determines the mood of the whole FX mkt.

MamaFutures:
So you are yet to notice that the news or performance from one country also determines the mood of the whole FX mkt.

Not entirely. It will affect all pairs of that currency, for example, USDxxx, xxxUSD. That's why they are called High Impact News.

twosquare:
Not entirely. It will affect all pairs of that currency, for example, USDxxx, xxxUSD. That's why they are called High Impact News.

News release from the US usually affects all FX mkts, irrespective of the pairs involve.

MamaFutures:
Strength is gradually flowing into day trader's bearish momentum (Today's close wud be a major determinate).

I hv being waiting for this setup since the start of the year. So it's a welcome development.

BTC pump Alt coin stagnant, BTC dump Alt coin dump 2X (What's happening to the so called Alt coin season)

I won't advice anyone to buy BTC nor hold Alt coin at the moment, because:
Right now, BTC is currently in the bottomless pit (it may climb out or dip further in days to come).

If BTC is not out of the bottomless pit, then, it's not out of the bottomless pit.
Any btc movement upwards in the bottomless pit remains only a retracement, & not a rally.

I am shocked that some people in the crypto futures world still don’t understand the relationship between leverage, initial margin and maintenance margin. 😞

House I have 3 questions to ask pls..


1. While mining pi this morning, I noticed that the mining rate reduced to 0.0037 from 0.0050.. what does it mean?


2. I also have over 237 pi.. (211 is verified).. just waiting to do KYC but I lost my wallet phrase. I still have the email and phone number I used in opening the account.. Any hope??

3. If there's hope, can I pi reach $10 before tinubu 2nd term (2027)?


I need answers pls 🙏🙏

Sorry, it doesn't. It is not like crypto where everything is paired in USDT.

MamaFutures:
News release from the US usually affects all FX mkts, irrespective of the pairs involve.

Nope. Not in the way Bitcoin does to altcoins. Like I said, it will be strongly impacted if it is XXXUSD or USDXXX, but saying stuff like AUDCAD, EURAUD, GBPAUD, etc., will be affected because of news releases from J.P or FOMC, etc., nope. It is not a one brush for all makeup.

twosquare:
Use Tentrade (you can get instant account). I meant if you are good in crypto, it's easy to make it in Forex as it follows the rules of engagement most times, unlike crypto where only one coin determines the mood of the whole market. Currency pairs are based on the news or performance from those countries.

It's also volatile if you're trading commodities like Gold. But at least, it's still better in my opinion. Just that crypto sells the "extremely rich" dream and possible too. But most na lamba now.

I appreciate, I did register and got verified. However I could not get to install the tentrade live setup on my phone or it it opens only with Laptop?

I use mostly the web version from browser.

However, for phone, what you need is to download MT5 app for android, search for the company and input your details. It should be on YouTube how to do this.


https://www.youtube.com/watch?v=mZe3yb-6LRU?si=UYTZc9XYYkGYW1VD

Peng12345:
I appreciate, I did register and got verified. However I could not get to install the tentrade live setup on my phone or it it opens only with Laptop?

Bea1234:
House I have 3 questions to ask pls..


1. While mining pi this morning, I noticed that the mining rate reduced to 0.0037 from 0.0050.. what does it mean?


2. I also have over 237 pi.. (211 is verified).. just waiting to do KYC but I lost my wallet phrase. I still have the email and phone number I used in opening the account.. Any hope??

3. If there's hope, can I pi reach $10 before tinubu 2nd term (2027)?


I need answers pls 🙏🙏

As far as there is no asset in ur wallet no ishh
Do KYC so dat u can be migrated to MAINNET
Creat a new wallet & save ur phrase, u can save ur phrase in a zip folder & lock with password in an archived, email, or write it down somewhere safe

Peng12345:
I appreciate, I did register and got verified. However I could not get to install the tentrade live setup on my phone or it it opens only with Laptop?

You are on mobile, download mt5 and log in there.

Bea1234:
House I have 3 questions to ask pls..


1. While mining pi this morning, I noticed that the mining rate reduced to 0.0037 from 0.0050.. what does it mean?


2. I also have over 237 pi.. (211 is verified).. just waiting to do KYC but I lost my wallet phrase. I still have the email and phone number I used in opening the account.. Any hope??

3. If there's hope, can I pi reach $10 before tinubu 2nd term (2027)?


I need answers pls 🙏🙏

From 0.0037 to 0.0050

That is not a reduction but increase.

helinues:
Below is one of the pure scam in Crypto

There is no need of the circled to go up if it's not going to pass where it's coming from

Those are the traps for liquidation

Moves like this one here are usually caused by lack of liquidity on the sell side to blast through the support, it will have to go up to recent resistance where there will likely be limit orders to fill more shorts.

Or

Scenario 2: when market makers withdraw liquidity, that's when you see huge moves on a lower volume, they are just trying to fill their orders fast so the true move can continue which in this case bearish. The move up was a fugazzi.

twosquare:
Sorry, it doesn't. It is not like crypto where everything is paired in USDT. Nope. Not in the way Bitcoin does to altcoins. Like I said, it will be strongly impacted if it is XXXUSD or USDXXX, but saying stuff like AUDCAD, EURAUD, GBPAUD, etc., will be affected because of news releases from J.P or FOMC, etc., nope. It is not a one brush for all makeup.

Am talking from experience. But u can investigate, if u are hearing it for the 1st tym.

If you lost your wallet phrase, there is no way you can retrieve it than to remember where you kept it.

You can create a new wallet phrase but note that those ones you already mined when you submitted your old wallet address will be lost while the ones you mined after you submitted wallet phrase will be migrated to the new wallet you will change to now.

Bea1234:
House I have 3 questions to ask pls..


1. While mining pi this morning, I noticed that the mining rate reduced to 0.0037 from 0.0050.. what does it mean?


2. I also have over 237 pi.. (211 is verified).. just waiting to do KYC but I lost my wallet phrase. I still have the email and phone number I used in opening the account.. Any hope??

3. If there's hope, can I pi reach $10 before tinubu 2nd term (2027)?


I need answers pls 🙏🙏

Peng12345:
I appreciate, I did register and got verified. However I could not get to install the tentrade live setup on my phone or it it opens only with Laptop?

Let me explain this to you

Tentrade is a prop firm.
They have instant funding and challenge account

For instant funding, there is what is known as consistency rule..
If you break it, you have lost all money made on that account
$1000 instant funding account goes for $43

$3000 instant funding account goes for $110

If you don’t understand leverage trading, I’ll
Advice you not to trade crypto in mt5… cos it’s more volatile than gold
Cheers

@Helinues, I remember seeing something like this on SolBtc few weeks back on a weekend when I was just scrolling through charts.

See that huge volume with a very low price action, there were lot of sell limit orders that filled all those strong buying, even though the delta was strong buying, price stalled and fell but unfortunately all the shorts were not filled, and price had to come back there, but this time around, it wasn't buying that pushed the price there, but instead market makers doing their thing trying to fill the remaining shorts.

How do you know this? Huge price movement on a low volume. See the second candle that returned back to the top, check how tiny the buying volume is. Immediately the remaining shorts got filled, price dipped lower, though price later returned and blasted through, that's a story for another day.

The image below illustrates this better.

You go fear candles.

XaToXi:
You go fear candles.

and so it begins.

Holy smokes. Sol pumping

The wealth transfer is no joke, forget market conditions,a catalyst will kickstart bull run.

I love bitcoin 😍 ♥️