₦airaland Forum

Sailor1:
The fact that the market is calm and waiting for a break and also Eith is sucking up all other altys and even betece strengthens my conviction on this move. If it breaks it, then brother the party begins. I have been waiting for this for over a month

This market can be volatile and unpredictable but the cycles are well respected...

Eith breaks ATH, the party begins


BTW, who else trades leveraged tokens?

Breakout across board...
Lot's of majors looking insanely bullish... Not seen coyns this bullish in a while...

Dot seems to have broken out too...
No need to chase them guy...identify those retesting breakout levels for entry

sKeetz:
DON'T

Hehe... Na human nature.... Even if it happens 100x, people will still rush in 100x knowing that majority will get burnt...

My advice with all the pnd which will keep coming up is simple...

Try nd keep off except you get in very early...
Either way, if you must trade it, its advisable not to allocate more that 10% of your portfolio to that trade...

Those coyns are meant to increase your betece... Its not advisable to have more portfolio in micros than betece nd eith.... Wahala be like bicycle

TheZebra:
Sold my 0.2 eith at 1480 and was waiting for a dip which didn't happen. I missed the pump from 1480 to 1557

Had to jump in at 1520, Gosh.

I didn't even know what made me sold it cos I've been hodling for like 5months, geez

Hehe...

It was quite obvious you sold at the wrong time... For large coyns, selling to buy dips shouldn't be random
If you thought it'd dip in that range, the best was to wait for it to dip below 1400 or set a stoploss below 1400 if you're worried of a rapid selloff.

I remember advising you to take a retest of the 1500 level which was bought up quickly as expected.

Now you may get in and it dumps further compounding the loss or you may stay out and it jeeps running....

But anyway, no one has all perfect trades... There'd always be opportunities

Ojemedad:
STMX is tempting

Hehe... This market keeps giving you thesame exam until you pass it...

So you mean with all the opportunities in the market, its a pnd you are keen on....

Jerry59:
software wallets like?

Don't know so much about soft wallets. @abduljabber1 could be of help. They are good but obviously not as secure as hardware ones

kolagbemi:
Now that bold is my major concern with this day trading and use of Stop-loss.

To add to the above, let me give you an example of what I said using Band. I got some around 6-7

It pumped over 30% yesterday... Usually, when sensible coins pump that way, there'd be a pullback...

If you look at the first chart (4hrly I think), it broke out after testing anf reclaiming the 10.5 level the 4th time (remember 4th) and ran...
The next place to stop will be at significant resistance..
Guess where?... Look at the weekly chart (second pic) and you see why it got rejected at the 12.5 level. That was a level that acted as resistance in September 2020.

On rejection, it went back to test support (1st pic) and confirmed the 10.5 area which was a previous resistance as support.
A good bounce here confirms the bullish trend and its heading towards 12.5 again.

If it takes 12.5, the next logical stop from the chart will be 14.5 and ATH at 16.5 ish......

If you're trading, identifying these areas to enter/exit is much better than relying on your stop loss to be hit... You can always re-enter on a claim of resistance

This is a clean chart... Others may not be so clean... But a good coyn will always have structure.
As a day trader, alot lies in identifying support/resistance areas or demand/supply clusters so you don't keep jumping in and out at random places... Coyns don't just move because they move

Seems xrp did alot of people dirty... Hehe..

Welcome to crypto... Almost every investor/trader here has been burnt by exrp at one time or the other..we all learn lessons...

It'd still bounce back... But no one knows when. Nd be sure any immediate bounce will be sold into as frustrated folks plenty...

Ojemedad:
I too an early leap from Eth and it is still waxing strong, Is it advisable to dive in again ?

I don't get... Not really a fan of diving in and out on a strong trend after break of ATH.... Identifying levels here is tricky

kolagbemi:
Now that bold is my major concern with this day trading and use of Stop-loss.

I discovered stop-loss keep making me miss out on rapid moves, especially around resistance/support level. Also, jumping in and out doesn't seem profitable. Still seriously researching.

Loss is a great motivator....the way I'm digging info and checking different strategies....you do think I lost more than 300usd.

Hehe... some will say stop losses are for bear markets... lol

Understanding the entry point and market cycle is important... letting things ride and taking profits at resistance, to reenter at retest of support or claim of resistance can sometimes be better than depending on your stoploss to bail you out..

Stop loss is to prevent u from making losses not necessarily to protect your profit except you time it well. Also, it works best on coins that hold structure e.g eith not ones who wick allover the place

afroxyz:
Its not compicated. Yoy deposit in your spot wallet transfer to P2P then initiate a trade to buy. Alternatively go to Binance academy (or download) and read up on any info you need

He can just buy spot directly on the exchange rather than going through p2p

Ebowo:
Oga jedisco, abeg i need to know the next call...i lost halve of my money 30k to xrp should opt out n buy btc ?

I'm not keen on specific calls, but understanding the phase of the market is important

Eith rules the alyt market... when it moves, they keep quiet. While looking for the next, I don't like to time the top of very strong moves prematurely...

After eith is done, the majors will follow quickly, followed by the mid and low caps

The market is very bullish... Betece obviously is grinding up... Once it crosses 39-40k and starts accelerating, expect it to suck life outta altys while it runs... When it settles, they'd explode

if youre asking for specifics...
betece and eith seem very bullish here

For other altys:
ADA, VET, LINK, LTC and XLM seem the most likely to take the baton from eth once it settles... and they'd likely pump more than it

That said, remember betece has lots of resisitance ahead... 38k, 40k, 42k so they'd be pullbacks to reload though I believe they'd be bought up quickly as the trend is becoming more established. No need to FOMO, there'd be dips

Hadsty23:
Where is jedisco abeg... a big thanks to everyone who have by one way or the other contributing/,ed to this thread. Gained and still learning.

God bless us all!

Still here..na anti-spambot and its wahala

REUBEN010:
Hello Sir.
Please we will appreciate a signal as to the exit position for this eth run.

It all depends on ur trading time frame. For me, I usually want to ride a strong move till it shows signs of exhaustion


Eith here is like betece at 23k.. e never start
Personally, I'd be looking at 2k-2.4k for the initial waka... may continue higher afterthat
That said, its not a PnD that goes up in a straight line. It has to form market structure along the way... so there'd be fluctuations and pull back... Perhaps around 1700-1800 and 2k.

LOquence:
so which private wallet would you recommend to store usdt?

Hardware wallets like trezzor... best to buy from the manufacturers direct

There are software wallets too..

Ojemedad:
25%, bought at 0.3825 , 183 naira

Dipped to 171, now 177

It'd still bounce back... You may decide to hold since you've already missed entries on others
I also have some... but bought at 0.25 ish... so not bothered

Your other coins shd be doing well btw

Ojemedad:
Xrp going down more, seems I will count my loss and move

It is doing you dirty.... Hehehe
What percentage of your portfolio is in xrp?

I understand bruv... It can be very annoying when on a green day, only your coyn is in red

bradwilli:
i have thought abt this but btcee could suddenly dip the moment and make that decision. Be like all dips happen when i get into to particular coyn

Did you see the weekly chart against betece?
Aside very brief and shallow pumps, bch has been rolling down the slope...
If you do it 50:50, even if betece dips, you still have half in bch. You're much better off holding betece.
If I was the one, I'd have moved it all to betece sef

Moreso, what do you think will happen to bch if betece dips at this stage? it'd likely dip more.. BCH and BSV are coyns which split from betece and usually pump after betece has pumped.

DenreleDave:
Can some explain how to use stop limit on luno.. Pls b4 I sleep off.. I lost so much on ripple coz I slept off...


Let's Betece is 17,050,499 now....

And I want it in a way that if its reduces to 17,000,000, they shud sell it for me but if it is going up, it shud still continue
.

Pls how do it?

Like I said, I want it sold if it's goes down to 17m but they shud nt sell it if is going up..


Cc: Sailor1 notyamate

I've wriiten a long post on it here b4... Best bet is to watch a video...

bradwilli:
Omo na like bicycle true true. I say this crypto dey against me � i go soon retire.

Another thing you could do is sell half into betece. So if brtece pumps b4 it, you gain from that half you sold...

Eith sucking the alt market dry.... It needs to calm down...

TheZebra:
It's not dipping, lol, i just hope I'm not chasing shadows

You are... Truly, you sold at the worst time... You might end up giving back your profits made to buy higher...

Before you day trade, its good to understand a basic concept of support and resistance... Cos it seems you're just buying and selling arbitrarily...

It's crossed 1500 and I expect acceleration as FOMO will kick in... That said, hope it comes back to flip the 1500 level... If it does, dont wait, jump in

bradwilli:
i will hodl onto ltc. I need your advice oo. I got 2 bch for abt a month now. Its not doing well and i use Lu no. I want to sale but the charge is 2% which will cause me a loss. Then selling with limit order is free of fees but it can only be converted to btc and that looks like a loss to. Wetin man go do? Cc: abdul

Ur wahala be like bicycle...
In a bull run, all coins will pump but truly, some will frustrate you...
Na my issue with luno, it gives limited options... There's nothing as annoying as holding a useless alyt...

Looking at the weekly chart (1st pic), its holding the 400 level, you can wait to sell at 600 and exit for good

Against betece, (second pic) its in a sorry state...a continuous downward slide with almost no bounces.. You're better off holding betece sef moreso given that it's likely to move up further burying the value of your bch

TheZebra:
Omo, make eth better dip oo make i see buy oo.
I already sold all my eith portfolio around 1,480 after making 300% profit .

Hmm... If I might ask, what level are you expecting it to dip to buy again?

There's a good chance you'd be left chasing shadows..

What you did is the equivalent of selling betece when it crossed 20k and was at 21k and waiting for it to dip... Such folks are still waiting for it to dip....

Akinola2345:
People are still buy gigecoin... ❓

Doge you meant??

People aren't asking about doge again...hehe

People only ask about coyns that have finished pumping... Be rest assured that when eith doubles, people will start asking...can I buy eith?

bradwilli:
Ltc na yeye coyn. Wish i hodl onto my eth last week. Xrp don fall yakata. Wahala dey this Industry oo.. ahh

Hehehe... Nearly cannot kill a bird...
Though an underperformer, LTC is still a dolid coyn

LOquence:
Will usdt be always be pegged to a dollar? I am thinking of saving my money on it in binance .. Please help

USD, BUSD, pax etc are pegged to the dollar and exchange at market price devoid of CBN manipulation. One of the reasons I trade into usdt except when I want to withdraw cos naira is always sliding down.

That said, it's live traded to the naira so sometimes, you can have wicks when someone market buys or sells in volume.


But finally, binance no be bank ooo... If you want to keep significant sums in usdt, then its better to get a private wallet... Also, remember that no one can access your funds without your pass incase of eventualities.

AbdulJabbar1:
Loool I’m about to look into it... hehe

Nothing do you... I'm looking for an exit... Hardly holds any level... always all over the place

solreb:
No. It is cheaper to use Debit Card as I compared both options.. But somehow Binance is denying me. I have appealed

Hmmm.... The 150 naira deposit fee aside I don't see how buying with card would be cheaper except binance is selling below market price to you.
Get on the exchange section and see that it's a live market and even though I've not bought with a card, I can say confidently that the cheapest price to buy on binance at any point in time will be the live exchange rate wjich isn't stable

On binance, it says they charge 1.4% (Capped at N2000) for card deposits. Didn't mention buying directly with a card...

Either way, which ever one suits you

MyChoice1:
I heeded to this caution and ren paid me well today. Thanks Boss

Good stuff... Nice to hear success stories...

Ren na both good and useless coyn... its usually all over the place. A day traders dream though.... It's due a move up though... Targeting 1 in the coming days/weeks

MyChoice1:
Ok boss, I hopped in again at 1422, will sell off at 1499. If e no reach, no wahala. Eith na better coiyn

Nothing do u... Whatever route you find profitable... Hope you don't miss a rapid move..

For me once it crosses 1500, I'm not selling shishi until 2k at least

Eith needs to start moving and moving quick... this resistance is a strong one.. Above 1500, then acceleration should begin
I'm not keen on it getting significantly below 1400 again... that may lead to a massive selloff