₦airaland Forum

Kingsteve:
Greetings!
BTC has finally posted a green monthly candle.
Now, that's a huge statement of intent!

Also, when you check the other timeframes from W2, W1, D4 and D1, you will see all green candlesticks.

What this simply implies, is that there are more willing buyers in the market, which inevitably adds to more buying pressure.

For BTC shorters, this may not be the best time to be shorting, as you may likely be swallowed by the bulls.

For medium to long term analysis and key price points: when and if BTC conquers and occupies all bearish territories into the $26k region, expect a fierce resistance at around $26,600 or thereabouts.

That price point around the resistance is very crucial for the recovery of BTC.
If broken and flipped to support, BTC's next target will be around the region of $31-$32k where it faces another stiff resistance.

BTC has a lot of resistance to break before we see a full blown recovery!

In the time being, I expect day traders to continue taking advantage of this bull rally, and keep taking profits at resistance levels, while opening new ones at support levels after the pullback.

Do I see BTC dipping back to $18k territory?
Now, that answer depends solely on FA.
If FA isn't kind to BTC, a drop to the $19k region is very likely, but from the charts, I think the bulls are ready to defend any onslaught from the bears, no matter how negative the FA

We shall see...

Below is a monthly BTC chart showing the green candle.
Disregard those numerous horizontal lines, as they simply act as guides to key price points in lower time frames.

long awaited finally

Does the volume indicate on the last closed candle that we are going down ?

Omobola121:
I don't think so. FA still follows TA because without a clear breakout of TA, FA is just rubbish. I want to belive it is when the chart shows bullish that they will start the FA noise to attract traders then dump it at the nearest resistance level again.

boss I don PM you

E be like na FA be the Baba...

TA yansh has been whooped severely this week

Seankhalifa:
Btc will still drop

just pray and hope it drops to like
16500

We are together in this pain

Goldbw122:
It is better to have a business outside of crypto incase the trade did not go as you planned.
I got a really good percentage yesterday, and today I didn't see any coin again , I wish I have set a stoploss or wake up at night it would have been great .. lessons learnt. This trade is filled with lessons..
Trade with caution
Advice my self by myself

sorry dear

aktem:
Greeting Bosses, A Question from a Newbie.
If I invest thesame Amount of money in Eth and Shib, given thesame % pump, which one will give me more profit?

same percentage same profit

XaToXi:
My brother, if it doesn't go up, it will go down

If it reaches 22k, next bus stop is 22k5.

Seriously though, I expect this pump to peak between 22k and 23k. Maybe with a short squeeze to 24500 max.

Those that bought the dip are already taking profits gradually, and will continue doing so till 23k with stop loss in place.

Won't be a bad idea to ladder up shorts from here to 23k.

Those trading on spot can wait for the 20k to 20k6 retest to FOMO.


Hourly support is 20840 while 4H has 20430 and 20180 as supports.

as the market pleases to bless us with
We shall see!

Shit I just missed the bear season
Coins are already flying

I pray this doesn't go bullish than this.... I

Cc Ibime what do you have to say sir ?

Xatoxi sir,



Are we still going up?
Because the next resistance level has been broken
And about to be retested, hopefully a breakout

@kingsteeve we need you now than ever
@Geovanni

XaToXi:
Not rubbished at all.

Btc was in a wedge and was going to breakout upwards or downwards.

Guess Celsius paying off their loans and a few whales going long helped it breakout upwards.

It will still need to retest the breakout region and continue upwards to 21500/22000/22500/23000 if it finds support on the retest.

I seriously feel BTC Will find a new support at the 20500 level after a Breakout and retest

TA rubbished once again

With this market manipulations... How do you expect people to make $1 a day

XaToXi:
Very difficult to say 100% for those coins eg when shiba pumps, it sucks life out of btc and the market generally but that doesn't mean it will dump if BTC pumps though.

But for leveraged tokens, you can be 99% sure they correlate.

Leveraged tokens are available on spot only.

spot on

XaToXi:
Leveraged tokens eg btcup, btc3L, btcbull and the down, 3S and bear counterparts.

seems meme coins like shiba ,doge also fly
Matic , XLM, XRP also performs

I asked cause I mostly trade spot

Can anyone give a clue on coins that gives bigger percentage increase or decrease in correlation to BTC movement..?
Please

Icecream4U:
But professionals said "be greedy when others are fearful"

and that greed has landed alot in the trenches

Why are shorts hitting SL

I don't see BTC going back down to ,19k anymore

Goldbw122:
Crypto is risky that is why you can't find a person that will guide you, even the smartest trader get their account blown sometimes.. so it is just luck.

Not luck it's greed and poor risk management that causes alot failure to traders and investors

Kingsteve:
That's wishful thinking ooo.
But fingers crossed, I hope it does.
Look at the chart below, and see the numerous resistance levels BTC has to break before reaching $22k

BTC has to post a strong long green candle at one go, to stand chances of hitting $22k soon.
In other words, it has to be seriously pumped!

Your TA might Tell you that!... But FA has a bigger say in this market nowadays

Kingsteve is doing a good job no doubt
There's a saying that " no knowledge is wasted"
He seem to be imposing himself on the thread, but it's worth the notice
Ibime the boss once in a while keeps in touch
alot of issues gurus here have with kingsteve is his inability to show his PNL
All the same... Seeve whatever you can from this thread...
Since visiting this thread 1 year ago,, have improved and learn alot...
Though I prefer spot trading
forgive my epistles

I feel it's always better to short from a resistance in a bear market...
Spot traders can buy coins that move against BTC
Like ADADOWN
MANA3S
TRXDOWN
Etc

Looks like this guys are willing to push to 23k...


E concern them

We are always waiting patiently for them to do the long

Then we wait at the resistance to short the hell out of it

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.

Crypto is fuvking crazy.... Favours a group of people

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...

Of course?
Didn't you know... Forget the decentralised shit
Some few people with their laptops manipulate this market...
I'm like 90% FA 10% TA

Massive thanks to you guys keeping this thread running.....

Insightful...
No knowledge is wasted ...
Endeavour to filter out those important keynotes and utilise it judiciously!

Let's prepare to start accumulating....

When trading futures
My strategies is always shorting from a resistance
With a 1:1.4 risk /reward ratio

deflover:
traders
there is something i noticed
gold and btc couple in trading

coupling in trading means when two different financial securities move in same direction

while decoupling means when two different financial securities move in opposite directions

meaning as gold goes down
btc goes down

so once we see a reversal on gold
btc will begin to fly

if I call you Mumu now the mods will ban me

Anything to trend

Hope to also complete mine @ MIT
Astronomy and cosmological physics

doyin01:
If bitcoin continues to fall it will touch $17000 but if it rises back it will touch $20,000 ....is that one analysis too?? ..who does not know the market will either go up or go down and it will move to touch any price closer to its present price...

what if it refuses to touch both side... Then the bulls and bears may all die

BTC is about to retest 17k region
If it does not,it's surely going to touch 20k then we might have to wait for the bulls to chew enough grass
So as to have energy to defend the 17k region

We might have well see a bounce back from from 17k to 17500

If it does not ... We may be going down to 16k

Actually mistook it for Springfield junior high Colorado

seanwilliam:
Lol.. wetin concern crypto with laziness

If care is not taken my brother, crypto will collect whatever your side husles give you , rub it to your face and send you to the deepest part of trenches.

peropoliet:
Text or contact me for crypto trading training

Aje