₦airaland Forum

pushup:
pls just keep us updated. Me I haven't yet understood it well so it's tips from here I am using. I haven't gained much but at least uts not negative.
Thanks to all of you contributing here

Hehe .. just updated my initial post.. it's a risky trade considering exrp has pumped... But I'm happy with some trigger points...

I think this betece move was to wipe out lots of longs from yesterday whose stops would have bern aroun 32,800....

Sailor1:
I'm seeing a similar fractal I saw with doge on the 15min chart... Constant buying pressure up to the 0.5 level. This is telling for a coyn of xrp's market cap... Let's see what it does at that level

Rippl with a nice rejection from the 0.5 level and bouncing off the 0.45 level as expected... If this level holds, it should take another bite at the 0.5 level and I guess break it.

I had hoped to add a bit on the 0.45 retest or claim of the 0.5 level. But with betece doing its thing, I'd let it settle first and see if this is just a shakeout of overleveraged folks. Todays close should be pivotal

Update.... The hourly candle on xrp turned out to be a nice one with a good bounce off the 21 MA (second chart)..... I'd be trading this against eith... Looking for entries on dips... And will cut if it fails to clear 0.5 in usd soon ish or loses the 0.45 level. Betece needs to hold though.
I'm looking at converting 0.7 eith to atleast 1 eith and hopefully back in eith before it pumps.

AbdulJabbar1:
Very great advice here; and you’re absolutely right about 2017, even 2019, most people complained that 10k was too much yet they’re jumping in now at 30k plus

As for doge, Reddit is waxing strong, and these guys are holding heavy. No be play play, on this thread I’m on alone, they’re holding a cumulative 50m in qoins, 50m is enough to shift things in that market. I have to say I’m feeling pretty good about it.

The problem is once they begin to dump, the value is gone

Thanks... It's human psychology... Now betece is dumping how many are asking if they can buy?

Hmm... I'm guessing those guys will regret that decision.. most sound new to this space. This space is not like the stock market where hedge funds were shorting stocks so they could benefit off them.

Yes the price would go up if a good number buy nd hold but thats not the point. Whales would be monitoring such moves and once it starts moving, they can convert their betece into doge multiply it in minutes-hours and dump back on them... (Imagine 1000 betece converted into doge and dumped bach after a 50% move... That's about 500 betece profit). That's aside those who'd long it on the way up an make more profit. When it's gone high enough, they'd short it and profit on the dump down. I don't see how those buying and holding will benefit. The crypt0 market will humble them.

I believe it may have an exit pump (if it's not happened already) and you'd see how it'd be brutally sold into likely before it gets to 0.8. They would eventually get tired of holding it and capitulate.....
Like I keep saying, this market is brutal.

Wordgeddon:
Please is it XLM or XLMUP anyone please.

I'd advise to go with the normal xlm

*UP or *DOWN coins are leveraged coyns which can multiply your profit or loss... Also, they lose value with time... Best to keep off them for now

OpenHeaven2019:
Crypt0 is a Gamble.

Don’t borrow and don’t put ur life savings in it.

I disagree with you on this. It is not a gamble. Anyone who has traded it long enough will know that. For most old folks, a significant percentage of their worth is in crypt0 with no regrets. Betece has been by far the best performing asset of the last decade

The problem here has never been making profit, its keeping it that counts. For the guy that asked if he could borrow. The fact is that in current market conditions, one can likely double that amount in 2 weeks. The problem is that without knowing what one is doing, all that profit will be lost.

A lot of new folks here see it as a quick money scheme. The unfortunate fact is that most would ultimately lose if the do not learn to manage risk. It does not matter if betece gets to 100k. Ask those who were here in 2017 how it felt. If you're struggling to make profits at such a time, then ask yourself what will happen when the market turns

The bull market most are enjoying was cooked in a brutal bear market that lasted several years. During that time, most folks here thought it was scam. It is unfortunate but this is about the worst time to start trading crypt0. The bear market cooks you and makes you ready to reap and keep the money that new folks bring in the bull market.

For example, old folks in the market are using the current microcap run to stash more eith and betece. New folks are jumping from top to top. When those take over and suck up the market, new folks will start asking, can I buy betece now? Thats when old folks will start targeting cheap altys. This market is brutal. Most think they can play the market but less than 5% do.

seems an increasing number of folks view this space like gambling/quick money.

The euphoria is palpable... Its on days like this I ask myself what's the best way betece could twist the majority... A betece dump now would invariably leave the majority pants down.. Sooner or later, a blistering red day will come that would wipe away altys profits accumulated over months... stay safe out there folks.

That said, today yesterday/today has been a good day... Usually, after two heavily green days, I expect some draw down
My current plays are simple... sxp is up to 1.43 from my 1.2 ish entry, Atom is up to 8.6 from my 8.1 entry.

Trades I'm looking to execute
About unloading most of my UNI into eith
Also, I'm watching how xrp plays with its current resistance. If it claims it as support, I'd look to increase my eith stash using an exrp/xlm pump.. Against eith, they both have about 50% upside before significant resistance

For those looking for a good sleeper, I'd recommend VET. has a nice structure and sitting quietly on support. Its a good runner too. If it remains that way by tomorrow, I may rotate some profits into it. I've been in it since 0.17, it should continue its upside soonish.

I'd add thai it's important to understand market cycles... small caps are pumpimg.. I use those pumps to accumulate betece and eith. Most folks would move profits from those small caps into betece or fiat hence, after this stage, betece will take the stage either by pumping or dumping

iammolahs:
Guys, which coin can i buy today with the hope of cashing out in three weeks time cause I'm planning to borrow from palmcredit

Don't borrow to buy crypt0... A time tested advise...
It's your emotions pushing- a money killer. Just as you wouldn't be asking this question on a red week

OpenHeaven2019:
This is the mindset.

I bought a low cap gem ($HTR) on Kucoin.

And I am gonna hold it for for the whole year.

I don’t care about daily movements.

One year seems rather long in current circumstances except for a good project. Also, I don't think this is a good time to accumulate lowcaps.

For low caps, I can buy some good ones in adverse market conditions and hold till a significant move up.
Don't be surprised if it's worth a tenth its current worth in one year

kolagbemi:
I wouldn't lie, all I want is to make my loss back. I'm prepared to play very safe. I now understand the more you chase prices jumping up and down, the more your loss. DOGE did me dirty and I'm not happy.

However, I'm not prepared to loss more. I just want coins with potential that I can wait on....I will rather wait 3-months to make money than lost money in 1-6days.

I've not been able to identify potentials and at what price to enter and profit limit possible. I don't want to set big profit target and end up not getting a bite.

I currently have DOGE bought at 0.035....I planned to leave it till it climb back to .065..I don't know when that will happen but I can wait.

I bought Stellar at 0.31...i'm also prepare to wait.

I have no idea where to set my profit limit not to be over ambitious.

Gurus Kindly help.

First and foremost, forget about your loss. It's happened. The easiest way to incur more loss is by chasing that loss. Lol @doge doing you dirty...

On doge, I'm tempted to say hold for an exit pump but is seems that has happened already. This market is brutal and I wouldn't be surprised to see doge at 0.1 tomorrow especially if betece takes off. Technicals point to further downside. Sometimes, the most sensible thing to do is to cut your losses rather than burying ones self the more. If doge dips to 0.1, you'd wish you sold at this level.


For stellar, I'd post the monthly chart for the past 4 years. Look at the current pump and youd see it was held back at certain levels which correspond to similar levels far back. Looking at that, I'd say the next target should be around 0.42, if it crosses there, then 0.52... Above that is just a wick and difficult to say.
Subsequently, look for reaction around whole numbers such as 0.7, 0.8 e.t.c...if it gets to 1, there'd very likely be a huge pullback around here as people like to take profit around whole numbers. This is just a rough idea, not one I've looked into
That said, if it accelerates too quickly, be rest assured that it'd pullback easily as quick too so after certain quick huge moves up, its good to sell some of your stash.


For coins to look into, I've advised you on that b4

puregrace:
I bought ripple at 139 now it's 218.
Good risk there

I'm seeing a similar fractal I saw with doge on the 15min chart... Constant buying pressure up to the 0.5 level. This is telling for a coyn of xrp's market cap... Let's see what it does at that level

TheEnlightenedO:
I swear we all do; I agree, it hurts sometimes but it’s best to wait it out till you find a comfortable dip to buy back in, most people make the mistake of buying back in at the top cuz they believe it will keep soaring. Truth is if rip stays just around 200 till close of today, it is gonna go up a bit more, I doubt it’d hit anywhere near 500 though ( perhaps 350-390 at best ($1)

I swear... For example, I got stopped out from zil last year for 0.22 only for it to continue rising in the coming weeks to 0.1. That was almost x5. It was so annoying cos I knew it was going to pump but my stop loss was hit.

Not I'm not as annoyed with such. As far as I kep to my trading plan....


I agree with you on rip. A weekly close at this level will be a huge step... On it's last pump, it reversed between 0.8-1 usd. That'd be an area of interest this time but it'd have to get pat 0.6 first

OpenHeaven2019:
Pumping Doge took millions of people coming together on Redit.

150 thousand people cannot pump XRP.

It's a much larger cap and would take significantly more to pump. It

It was already primed for a huge pump like xlm before U.S delisting and subsequenr sell off, alot of folks capitulated and sold. Those who didn't sell initially, sold into subsequent pumps. So the selling pressure is definitely less now and those who held are looking for higher prices.

The doge pump was going to happen even without the Reddit group. That group only made it substantially more. It's a coin that pumps that way at certain times in the market so people were confident it'd pump higher that's why they held and bought at higher prices.

Ripple has same characteristics of huge steep pumps in the past... If it starts moving, folks will rush in so as not to miss out.
It's slowly approaching the 0.5 usd level it got resisted from yesterday. If it can take it out and flip it as support, then it'd start accelerating quite quickly. Failure to do that would mean the pump might be over for now

lovinhubby2wife:
I withdrew from ripple two days ago after making 4percent profit and bought Betece with the money. Now ripple just went up by over 50%. Shit I missed another opportunity..

It's gone... We all miss trades.
Hope you're not planning on selling the betece back into ripple

Sailor1:
It depends on what timeframe you want to trade and what market cycle we're in.

For a HTF trader, it's easier to know when to buy... On significantly red weeks when some moving averages or HTF support have been respected.

It gets more tricky as you reduce the time frames...

We've seen microcaps do several multiples in recent day.... It simply means a change of market momentum is around the corner...

Either money flows back into fiat or back to betece to resume another cycle. That said, at this stage of the market, betece is unlikely to pump alone. It'd likely carry other coyns along. But those microcaps would retrace significantly

An update on this;
Split profits in 3 ways
Yesterday, I cycled into atom (@8.1). Didn't get into Band as I have a good stack already. Added some sxp as I was confident it held the 1.2 level.
Got bids between zil at 0.72 and 0.7.

Good thing, those coins are showing strength todays

For the remaining uni stack, I'd sell most today, cycle it into eith and leave the rest as fiat

kolagbemi:
Henceforth, I'm going to use a strategy to buy at the lowest price but the problem is knowing when they are at the lowest price

It depends on what timeframe you want to trade and what market cycle we're in.

For a HTF trader, it's easier to know when to buy... On significantly red weeks when some moving averages or HTF support have been respected.

It gets more tricky as you reduce the time frames...

We've seen microcaps do several multiples in recent day.... It simply means a change of market momentum is around the corner...

Either money flows back into fiat or back to betece to resume another cycle. That said, at this stage of the market, betece is unlikely to pump alone. It'd likely carry other coyns along. But those microcaps would retrace significantly

This month has been a gift...

There's a reason I keep advising folks about patience.

On 03/01, I bought good amount of uni for 5.1 usd, today I sold half of my stash for 19.5. Held it and didn't bother too much about the up and fown movements. That's almost x4 in less than 30 days...
Now I'm wondering if to cycle profits into some others which still have prospects like atom, band, zil I mentioned b4 or just keep profits in stables

It's not everyday we get these opportunities. Maximize them cos they don't last long.


Just for laughs, I'd post some funny screenshots I saw on twitter about the doge debacle

Ojemedad:
I need a big assistance here,

I want to do some trading tonight, I already deposited Bete then converted to BUSD

I need a clear guideline on how I can buy Bete now and then sell off when there is at least some percentage increase, using the stop limit

Hehehe... reading your post, it sounds like someone saying I want to lose money tonight. Some of us have said it repeatedly that this jumping in and out is the easiest way of losing money. My advice to you will be to buy betece and let it be there for a while that is if you like your money.

If you wanted to trade betece, why did you convert your betece to busd?
If your looking at day trading, then you should ask yourself these:

What is your target entry price?
What is your target exit
Where do you want to place your stop loss

If you have no idea what those mean, then take it easy. Like I said, its better you buy betece and leave it

jasp12:
There's a group on te.le.gram about 89000 members that are planning on buying exrp in Feb 1st 8:30 EST (2:30pm Nig time)...

hehe..
saw it... take it lightly sine its out in the open... but lets see what the market does.... have taken a position a while ago.

Just logged on twitter the general concensus on the current exrp move it's that it's a pump and dump and going no where.

Hmmm... Lets see how it plays out, but I think it does the opposite. Folks will likely want to short it and get burnt. This may just be the start and it might continue running. It's cleanly bounced off the 0.36 level which was its last high... Let's see if it can take out 0.5 on second attempt.... after that, its 0.6


I said earlier that I got some on the last dump at 0.24... my targer wat 0.4-0.6 level... Let's see what the market gives


That said, the whole alyt market seems to be waiting for eith to blow the whistle

luvlyoracle:
lol...thanks am waiting sir
One question......
Any reason crypto values decrease early morning Nigerian time around 4am ish

Have no idea... 4am in Nigeria is noon elsewhere...

Betece usually follows certain patterns from time to time before abandoning them. Sometimes, it follows the us stock market, sometimes gold, sometimes it oumos on Monday/Tuesday and corrects thru the week.

If you think it's consistent and tradable, then why not.... Likely, it's moving between support and resistance zones. But start small

TheEnlightenedO:
Wild, I just looked them up, I’m impressed, na We We sha, Naija no Dey carry last

Finally... The percentage adoption in Nigeria was about the highest in the world over the past year... Definitely, we don't have volumes of some other countries but major exchanges have noticed that increase and lack of infrastructure and are looking to expand here.. Thats why binance us heavily advertising here.... They want to grab the market share...

CBN also aided adoption with their flip flops

Bundle has spread to Ghana already... We're doing well

For those asking,

These are pairs I followed this run...

I'm definitely not in all of them as thats a recipe for disaster. Most are good projects. Apart from atom, I haven't added any in over a month.

I like to focus on about 5 strong ones and allocate a small percentage of my portfolio on some of the rest

I can guagr the best performers and those lagging e.t.c. know which ones who have held structure on a dip and know where to add.

TheEnlightenedO:
Oh I get you bro... I have a question do we have any cryp based payment platforms in Nigeria yet? Sorta like Flutterwave

Bundle Africa is owned by a Nigerian who worked at Binance... It's a joy to use and they're on the right track

Heard about Patricia but haven't used it.

Also just heard piggyvest is now offering crypt0 investments... Good one for mass adoption... Hope folks dont get burnt seeking quick gains

luvlyoracle:
Thanks boss
Went for zil.

why u like wahala? You like chasing green candles. I said it's moving and I'm waiting for it to settle before I enter... Master your emotions and let your trades come to you. There's always be another one. Look at those who ran into exrp a few moments ago, they'd have go better enteries if they had waited.

It may continue moving, I have no idea. But if it retraces, I'd look for a response around the 0.7 level to get in. For now, 0.1 is the obvious target. Which is 30%>
It clears that level then 1.5 and 2 would be the next

TheEnlightenedO:
I agree, but I always stated from the beginning, I don’t buy and sell randomly, I use my experience in trading stocks to do same with cryp... I literally grew up around stockbrokers so I’ve always done what they do which is buy low and sell at a profit regardless how large or small a margin. I also make sure I study what the market has been like for the past couple years, months and weeks, even hours and minutes... I set my targets and once I meet them or surpass by even if it’s a little I cash out and watch the wave. I definitely am not just lucky, but I’ve also made ridiculous decisions in the past that cost me. I also use my experience in playing poker to handle the pressure of the market... And the mistake most make here is they expect max returns in the shortest possible time. I have ridiculous returns now cuz I stacked up when most ran away from the market in 2019

Then you're definitely following a strict pattern. You may not use traditional TA but still relies on same principle

Here we don't have company earnings e.t.c to study. All I use to study the market are the charts and I can glimpse what a coyn done over those time frames you mentioned and how it behaves around certain price points.

For example
Link moved earlier this year from 4 and reversed at 20
dot moved from 4 and stalled just under 20 for weeks. I took profits at 17
Uni did similar and is approaching 20.. I've been in it since 5 and I'd be taking profits today or tomorrow...

It's market psychology and what the market gives, we take...

luvlyoracle:
lol @long throat
Boss the thing there is my portfolio isn't much...
It was bigger before but something urgent came up and i had to withdraw 70percent of it.
would have added but it isn't forthcoming till next three months.
All i want is to build my portfolio for eith.
Ah no dey look bee side at all cus nothing would add whenever it's runs.

Yes binance is what i use.

I wouldn't add on a day like this... But a few of my tracked coins haven't moved as much.


Link... I still think it's undervalued... Just greedy folks not allowing it to move... There's less chatter about it... I still have my target on 40
Band... has been lagging but I expect it to get to 16 soon ish.
Zil... Been on my watch list. Ran earlier on. It usually runs in waves and the second is usually huge. Missed getting in at 0.6... its already moving as I type. I wouldn't chase it but wait for it to settle and rethink.
Atom... Has crossed ATH and still holding.... I believe it'd accelerate soon.. the hype on it needs to settle
SXP... Not a good coin. Been in it from 0.8.. But its held the 1.2 level and like I said b4, I expect it to hit 2 soon.

Ojemedad:
Please explain how I can check the incoming transfers,

Not sure. I think it's under tranfer history in the transfer tab

Ojemedad:
I got the address correctly now but haven't received the btc in my binance wallet, over 25 minutes now

Does it normally take that long?

I usually transfer in eitha s it's faster and sometimes cheaper...
Not sure how long betece would take... Usually, it'd arrive although you can chk incoming tranfers on bina8b4 tgey hit your waller

luvlyoracle:
Goodday boss
Of all these currencies u have mentioned, which ones are yet to run that someone could just stay on for it to run excluding bee and eith?
Wouldn't want to narrate how i have been jumping and loosing

Lol...Why are you excluding b and eith... Na long throat be your wahala... It's good to have a mix in your portfolio cos not all will move at once...
It's difficult to say cos. I don't like adding when most coins have moved. I prefer to wait for dips except if I exit early movers.

Are you on binance?

luvlyoracle:
Whats your take on TWT?

Haven't heard about it.
Looked it up on binance, it's just been there for a few day...

I keep off new offerings cos most time they're pumped and dumped... I let them have some structure before going in.. that said everything is moving up in the current market but this is not a coyn I'd be interested in for a while

Ojemedad:
I didn't even copy the code, I scanned it

How about the withdrawal network... Cos every exchange have thos they support

I posted the algo chart sometime back... It gives me goosebumps.... Not the most bullish one but it's crafted to perfection.....
Been in it sonce 0.4, took some off at a stage and reloaded a lil lower.... It's one I got my eyes on