A gentle reminder that if you're tilted towards bitc0in going on a rally and selected the coins you want to hold, it makes sense to stake them and earn rewards.

The rewards might not seem as much initially but when the coins rally, you it'd make muchore sense. E.g. a while back, as part of my exchange token portfolio, I bought some cake at 20 usd which I wanted to hold for a while. I've earned about over 2 cake from what I staked... Cake is still at 20usd.... But it could easily see 70- 100 usd this market cycle. By then, my earned cake would be much higher and the staking rewards would add up....

Some would say while not trade the coyn between levels and earn more... While this is a viable option that I sometimes adopt, there are two downsides
a. Most people would earn less trading this way...take for example SOL... How many people trading it have earned more than those who just held from when it was 20 usd?
With most native tokens, one could earn very nice rewards by staking them on trustworthy dapps deployed on their blockchain. If one doesn't want to go defi, most exchanges give competitive rates....
b. Trading micro moves that way can take ones eye of the bigger moves in the market.... Folks would end up chasing the final 10% move until they get rekt.

With staking, you're not fidgeting with your coyns and would always keep in mind how far it's extended from your buy price... So when moon folks start raving about the coyn at the top, you slowly just take profits.

These are screeshotsscreeshots of some rewards earned in some of my staked portfolio, one of these is less than a month in.
It's just common sense.

jedisco:


On the weekly, it's formed a double bottom and bounced off it to be rejected at the initial rejected at the upper resistance band. To me, that's a clear range formed

For weeks, iy had a pretty horrible selloff which is simply retail who fomo'd into the previous top capitulating.

With the double bottom and subsequent bounce, good chance the bottom is in. I wouldn't be betting on it having a run-up to previous highs just yet... It needs some degree of consolidating within the range it's formed so whales can fill up their bags.

Generally speaking, it's in the consolidation stage I like getting into previously hyped coyns and not when everyone is buying the top

Interesting..........

Jedisco, do you DEFI?

Could you look into ROX and FEG charts please?

ROX was $51,000 yesterday

jedisco:


I use the weekly mostly... But generally, I prefer higher time frames.

With leverage trading in crypt0, my view is simple. Crypt0 is volatile enough to make life changing money trading spot. Over 80% of folks who go into leverage trading will get liquidated within 3 months.
I've tinkered with futures and discovered it doesn't suit me. It's time consuming and leaves one glued to the charts.

The best leverage traders I know will generally advice folks to steer clear. Personally, I'd advise anyone less than a year in crypt0 to keep off leverage

Thank you sir, I really appreciate

NisforNicky:


Interesting..........

Jedisco, do you DEFI?

Could you look into ROX and FEG charts please?

ROX was $51,000 yesterday

Yeah, I do delve into the defi space a
I generally avoid analysing charts except on coyns I'm already trading....
Also, here I try to focus on larger market moves so as not to make the thread unnecessarily longer than it should be. The other thread is better suited for chart analysis

One thing I'd say is that Feg has piqued my interest lately moreso with the shib pump... I remember it was one of the coyns that pumped with shib and people rushed in only to get rekt.... I'd seek out the chart

Hello Jedisco! Would love your thought on SLP and Axie Infinity. Like the game is very popular and there are thousands if not tens of thousands of people in third world countries who are playing it to make from $200 to $400 monthly. And this is their main source of income.

What I need to know is if you see the appeal and hype of a game like this continuing like for 2 years at least, or if a better game will come and displace/dethrone it? If the first scenario is the case, then both Axie and SLP are seriously undervalued. Meself, I would love to start playing Axie, except that the initial fee to start is too high for me. I think the second scenario is more likely, but I dunno when it will happen and that is making me reluctant to invest in either Axie or SLP.

Edit1: And I have a big question. What do you think of Trust Wallet Token? I am convinced it is criminally undervalued, but no one else seems to think so. For a big mobile site like this they can only go up and yet the price is less than $2, while Kucoin token is almost $20 and set to rise further very soon and BNB is approaching $700. Am I missing something?

@GabrielYulaw

Game and nft tokens are generally not my forte... But then, no hype lasts forever.

Looking at charts, axs only very recently was at 2 usd. At 150usd currently, it's rise has been huge. It can't go up forever. Moreso it's market cap is now almost 10 billion and it'd need more volume to move. Sooner or later it'd form a distributive range

Sxp chart ain't great but portends a better risk/reward....
Further movement on both will depend on their platform, demand e.t.c which I'm not in the know about.
BTW, I have some axs which I staked....

On twt, I don't see as much potential.. I wonder what utility it has. Trust wallet itself is owned by binaz. Of course it'd pump when the time comes but I wouldn't compare it to bnb... Bnb is one of the strongest but underrated tokens out there.. it's utility within its ecosystem is huge. Over 35 billion usd is locked within the binaz smart chain which is fuelled by bnb... Even just on binaz, there are lots of perks that come with owning bnb... Lots of bnb is used to pay transaction fees. Also, theres the regular burn where certain amount of bnb tokens are destroyed. Aside eith, very few alyts (if any) has as much utility as bnb.

One mistake you're making is ranking tokens on the basic of trading price which has little or nothing to do with profitability in this market. I'd rather use market cap over time to guage strength. Ada sells for 2usd but its market cap is 20x more than mkr which sells for almost 3k.

jedisco:


Yeah, I do delve into the defi space a
I generally avoid analysing charts except on coyns I'm already trading....
Also, here I try to focus on larger market moves so as not to make the thread unnecessarily longer than it should be. The other thread is better suited for chart analysis

One thing I'd say is that Feg has piqued my interest lately moreso with the shib pump... I remember it was one of the coyns that pumped with shib and people rushed in only to get rekt.... I'd seek out the chart

u still bought SLP I remember we talked about it last month

DieRich5:
u still bought SLP I remember we talked about it last month

Not yet... I tend to take my time with such micros and wait for the right structure and entry...

jedisco:
@GabrielYulaw

Game and nft tokens are generally not my forte... But then, no hype lasts forever.

Looking at charts, axs only very recently was at 2 usd. At 150usd currently, it's rise has been huge. It can't go up forever. Moreso it's market cap is now almost 10 billion and it'd need more volume to move. Sooner or later it'd form a distributive range

Sxp chart ain't great but portends a better risk/reward....
Further movement on both will depend on their platform, demand e.t.c which I'm not in the know about.
BTW, I have some axs which I staked....

On twt, I don't see as much potential.. I wonder what utility it has. Trust wallet itself is owned by binaz. Of course it'd pump when the time comes but I wouldn't compare it to bnb... Bnb is one of the strongest but underrated tokens out there.. it's utility within its ecosystem is huge. Over 35 billion usd is locked within the binaz smart chain which is fuelled by bnb... Even just on binaz, there are lots of perks that come with owning bnb... Lots of bnb is used to pay transaction fees. Also, theres the regular burn where certain amount of bnb tokens are destroyed. Aside eith, very few alyts (if any) has as much utility as bnb.

One mistake you're making is ranking tokens on the basic of trading price which has little or nothing to do with profitability in this market. I'd rather use market cap over time to guage strength. Ada sells for 2usd but its market cap is 20x more than mkr which sells for almost 3k.

Good evening. Much thanks for your response. All I can say is that you are unusually perceptive.

There's something though- I kinda see Trust wallet token as a BNB in the making. With that token you get cheaper fees on the Trust wallet app and you can swap the token with other tokens. I just feel all that token needs to jump high is for a killer feature to be introduced.

jedisco:


Not yet... I tend to take my time with such micros and wait for the right structure and entry...

okay boss

Pls critique these coins.
Ada, bnb, BTC, link, dot, bch, cuz, WRX, sun, axs, cake. As regards their capacity to blow(potential). in future. Which should I accumulate more?
Also can you recommend some low cap coins I can accumulate for future? Thanks.

GabrielYulaw:


Good evening. Much thanks for your response. All I can say is that you are unusually perceptive.

There's something though- I kinda see Trust wallet token as a BNB in the making. With that token you get cheaper fees on the Trust wallet app and you can swap the token with other tokens. I just feel all that token needs to jump high is for a killer feature to be introduced.

If you see alpha in it then why not... It could bring you good rewards in future

The cheaper fees are only on the dex within the app right? Or does it also give cheaper fees for interracting with daps on different blockchains ar transfer of tokens which is where most fees are burnt.

I'm tilted more towards bnb which its all built on and some projects within the binaz ecosystem

olaolu11:
Pls critique these coins.
Ada, bnb, BeTC, link, dot, bch, cuz, WRX, sun, axs, cake. As regards their capacity to blow(potential). in future. Which should I accumulate more?
Also can you recommend some low cap coins I can accumulate for future? Thanks.

You're the one to critique coyns you want to hold...
I share thoughts on coyns in my portfolio from time to time and most times, I buy nd sell tokens without discussing them too..

My tip would be splitting the coyns you're looking at into the different groups of crypt0 tokens there are both by type and market cap, pulling up the weekly chart of those tokens and take things from there

jedisco:


You're the one to critique coyns you want to hold...
I share thoughts on coyns in my portfolio from time to time and most times, I buy nd sell tokens without discussing them too..

My tip would be splitting the coyns you're looking at into the different groups of crypt0 tokens there are both by type and market cap, pulling up the weekly chart of those tokens and take things from there

Thanks @Jedisco for the wonderful insight you drop here. I'm new to this forum and to crypto. Read through the threadand for keeping it simple. It's enlightening and it's put my goals in perspective. Thanks so much for the wealth of info you'all have given. God bless.

Who remembers these two charts? Shared both early on this thread


To me, the whole essense of trading is to outperform the market. Bitc0in and to some extent eith are benchmarks for the market. If by trading you can't outperform the market or those two, you're better off holding those two coyns and going to sleep... The whole essense of trading is to outperform the market which truthfully, very few do

Most folks don't own them two cos they believe they're expensive.... What they forget is that those two will continue to outperform 99% of crypt0 coins for a very long time.

Both charts are bnb against betece and eith... Weekly against betece and monthly against eith. To me, bnb has come closest in challenging both since inception.... But even at that, it has struggled

Still on bnb,

It's always been part of my portfolio allocated to exchange tokens.. I'm not saying this cos it's pumping but cos it's always managed to keep up with the market. I've been trading bnb since it was below 10usd......

At it's current market cap, moves will of course be gradual but binaz has put alot into it.

Two things I like about it;
a. It usually goes under the radar. This is mostly cos a good number of exchanges have do not list it cos of absurd reasons. You'd hardly see any analysis of bnb like you see of others but yet it continues to outperform them.

b. The tokenomics and utility is significant. Very very few coyns match it in this aspect. I'd say only betece and eith can match its tokenomics

jedisco:


If you see alpha in it then why not... It could bring you good rewards in future

The cheaper fees are only on the dex within the app right? Or does it also give cheaper fees for interracting with daps on different blockchains ar transfer of tokens which is where most fees are burnt.

I'm tilted more towards bnb which its all built on and some projects within the binaz ecosystem

Good morning. I do see a lot of potential in it and that's why I wanted to get your opinion.

BNB is too expensive and I'm looking for the best BNB alternative right now that will provide solid gains in the future. Got any thoughts in mind?

The cheap fees are only within the Trust wallet app I think.

Since the selloff, layer 1 tokens have vastly outperformed. Layer 1 coyns are base tokens of smartchains on which other stuff is built. E.g eith, bnb, one, sol, ftm, dot (listed below). Hopefully, after they cool down, stuff built on them start moving e.g. cake, aave,


I believe defi would form a significant portion of crypt0s future.... Looking at total value locked, these are one of the reasons why eith is a silent achiever. The value locked in eith is more than double the value locked on every other chain put together with change to hold.

Even though the fees on eith are huge, it now seems that big money does not care and like it that way. These high fees only serve to propell the price of eith as a huge amount of eith is burnt daily in fees compared to others. With the last shib pump, an insane amount of eith was burnt in transaction fees as shib is a token built on eith.

What most don't understand is that for their coyn to succeed, the chain on which its built must succeed. If eith fails, same goes for all erc20 token same goes for bnb and binaz smart chain tokens such as cake. That's the reason why I hold some layer 1 at base level

For virtually every other chain outside eith, the selling point are their cheaper fees yet most new innovation is always first built on eith. Imagine if eiths fees drop... That'd kill virtually every other chain.

Like I always say, in tech, there are not always multiple winners. So when diversifying, make sure youre not selling the winner to buy the loser. Good example is selling Apple stock to buy Nokia....

I don't say this many times but if there was a coyn now that stood a chance against betece in the long-term, it would be eith.

One other chain I'm quite bullish on cos they do something differently is luna... I like the way they implement their decentralised stable coyn a d synthetic stock offerings.... As ust grows, it'd likely attract regulators as

1-2 yrs ago, I was preaching on NL how stable coyns would play a part in crypt0 and finance going forward. With the regulatory crackdown oversight on such stable coyns which are backed by fiat, the crypt0 world would sure evolve as it's always done....

The ust stable coyn built on terra and backed by crypt0 has significant promise. Of course, there are iterations on other chains e.g vai on bsc and dai on eith but Terra is doing something unique with its iteration. Come to think of it, why can't a stable coyn e collateralised on bitc0in and a host of other assets (incl fiat backed stable coyns)... That's every crypt0 traders dream. Dai does this but it's growth hasn't been as strong

The last thing I'd say today is on the rave about the next this or the next this or that...


I've seen this happen over the years with betece, eith, ada, bnb, doge and even shiba.... Anytime  coyn A pumps folks are looking for the next coyn A.

Fact is, after these years, I'm yet to see the next betece or eith... If you're looking to diversify, look for something that makes such coyns different...

If looking at meme coyns, look for characteristics in that coyn that'd attract whales. Big money doesn't go around buying every coyn.... There are certain characteristics that make whales want to accumulate a coyn...  Like it or not, for a coyn to have a sustained pump, certain things are usually involed, either utility is huge, whales have accumulated loads i.e absorbed selling pressure,  or retail have fomo'd in... Add the last two and you have a doge or shib

@jedisco

All I can say is SuperB

jedisco:


With PSG, I want it to have a weekly green candle first... From current valuations, an x3 is on the cards

jedisco:


Took a position on this at 0.4... usually, I don't trade to catch the bottom but it does feel good to snipe the bottom/top from time to time...

Over the next 1-2 weeks, I'd look to get dome exposure to sport tokens... Currently looking at psg and juv..... Not decided yet.

Also got some wrx at 1.4 which looks to have held

Chz did retrace, and I got an entry... Sadly, the size of my entry wasn't as much as I'd have liked...
Reason why I like getting an exposure before the first move and then add-on on successful retest after the breakout...

jedisco:
A while ago... I bought some micros with a target of 2-3x in the short term... Gladly, some have started yeilding fruit... They were keep, nkn, mana, perl, beam,ckb, blz

Keep did a 2.5x from entry...
Mana is now on the move... Will look to to at close to 1.5 and hopefully buy back lower or add if it flips ATH

Going forward, I'm not keen on extending into other micros yet... But just compounding on chosen coyns...

For coyns which have pumped, I'd double my initial entry position on a retrace and target another 2-3x

Keep ✓
Mana ✓
CKB .. in progress
NKN, PERL,BLZ, BEAM......

Thinking of cutting perl... Don't like the structure

Looking to re-add on KEEP.... Looks like it's prepping up for a second journey... As I said previously, my plan is to continue playing the winners until they top out


Playing micros at this stage of the market can be of less stress... They don't respect TA as well so its all about entry and risk/reward. It's important to get in at the base...
Tip....With micros, the weekly chart is the secret

There are two other weekly charts I'm monitoring and would share soon

Sailor1:


Keep ✓
Mana ✓
CKB .. in progress
NKN, PERL,BLZ, BEAM......

Thinking of cutting perl... Don't like the structure

Looking to re-add on KEEP.... Looks like it's prepping up for a second journey... As I said previously, my plan is to continue playing the winners until they top out


Playing micros at this stage of the market can be of less stress... They don't respect TA as well so its all about entry and risk/reward. It's important to get in at the base...
Tip....With micros, the weekly chart is the secret

There are two other weekly charts I'm monitoring and would share soon

Please can you chart $Ant? the breakout look massive

2ubaba:
Please can you chart $Ant? the breakout look massive

I generally do not chart coyns I don't trade... Reason being that I don't have as much info on them. Apart from charts, I usually monitor coyns for a while to see their behaviour in pumps and dumps before entry.
But if it looks good to you, why not... On a quick scan thru, I noticed it's still below the 21 weekly ema... Mostly, I prefer micros to be abv b4 entry

One timetested strategy for gaining entry into strong coyns during a bullrun is to wait for a retest of the weekly ema... Eventhough the market may look shaky, sometimes, these things have a way of adding up. Mostly, it gives the best risk/reward in a trending market... Reason being that if it looses the weekly support, one would still get an opportunity to cut at close to break even

Many times when folks buy the top, its simply cos tgey refused to zoom out. Personally, I wouldn't enter a coyn at this stage of the market without looking at the weekly chart...


This principle stems from the fact that in a bull run, bitc0in and most strong coyns will generally hold their 21week ema and keep bouncing off them until they top out.

This is ada which is hugging support.
Next is xrp which has also bounced off support

Sailor1:


I generally do not chart coyns I don't trade... Reason being that I don't have as much info on them. Apart from charts, I usually monitor coyns for a while to see their behaviour in pumps and dumps before entry.
But if it looks good to you, why not... On a quick scan thru, I noticed it's still below the 21 weekly ema... Mostly, I prefer micros to be abv b4 entry

Thank you sir, i would have to look up this 21 weekly ema i dont know how to determine it on a chart. Do you know something or a material i can read up. I notice that a coin looking bullish doesnt necessary mean it will pump.

GabrielYulaw:


Good morning. I do see a lot of potential in it and that's why I wanted to get your opinion.

BNB is too expensive and I'm looking for the best BNB alternative right now that will provide solid gains in the future. Got any thoughts in mind?

The cheap fees are only within the Trust wallet app I think.

You're making the mistake alot of new folks make which is why they go chasing useless coyns that wreck them.
Expensive is not based on the price. A 3 dollar coyn can be more expensive than a 20k coin. Example is Bitc0in nd xrp in 2017. What matters is the expected ROI, risk/reward and in some cases market cap

If you see a potential in it, then you could go for it. Personally, I don't know the coyn that well and dont much organic utility in it to drive demand... Hence, of playing it, I'd do that same way I'd play any other micro

Structure wise, it looks good. A relatively new coyn hence doesn't have as much bag holders. Downside is that it's there's not as much data as others. It's also broke thru previous ATH and is in the process of flipping it and the weekly support- why I said it looks good

2ubaba:
Thank you sir, i would have to look up this 21 weekly ema i dont know how to determine it on a chart. Do you know something or a material i can read up. I notice that a coin looking bullish doesnt necessary mean it will pump.

A Google/YouTube search should bring up lots of useful materials pn EMAs and how theyre used

The ema (exponential moving average) is the average of price over a given timeframe. The ema is more rated to recent price than just the MA which some use..
The next part depends on the timeframe you're looking at.
On a weekly chart, the 21 week ema averages orice action over the past 21 weeks. On a daily chart, its over the past 21 days and so on.

The EMA adjusts to whatever timeframe youre using. It could be set to any number but 5, 20, 21, 50, 100, 200 are mostly used by traders. Personally, I use the 21 ema the most.

I've attached screenshots of how to set it it up on binaz which is largely identical on any charting platform. Note, you can set multiple ema's to appear on same chart... But I limit it to one to help with clarity.
First, you select what timeframe you want to look at, go to settings>>indicators and manually fill in the value you want the chart to track and tick it on the left so its active and appears on the vhart

Sailor1:


You're making the mistake alot of new folks make which is why they go chasing useless coyns that wreck them.
Expensive is not based on the price. A 3 dollar coyn can be more expensive than a 20k coin. Example is Bitc0in nd xrp in 2017. What matters is the expected ROI, risk/reward and in some cases market cap

If you see a potential in it, then you could go for it. Personally, I don't know the coyn that well and dont much organic utility in it to drive demand... Hence, of playing it, I'd do that same way I'd play any other micro

Structure wise, it looks good. A relatively new coyn hence doesn't have as much bag holders. Downside is that it's there's not as much data as others. It's also broke thru previous ATH and is in the process of flipping it and the weekly support- why I said it looks good

Understood. You into sailing?

Gaining entry in a trending market can be tricky....

Ideally, one should gain most of thrir entries close to the lows or when the market is still in the early stages e.g at 30k and add up a few more on confirmation of bias if they want to.


The 21week ema is the most trusted one for me. This stems from the fact that bitc0in and most huge volume coyns will usually hold this support for the duration of a bullrun and keep bouncing off it

I loke to review things from a risk/reward ratio and targeting that gives me a better entry... Also,ost times, when coyns are testing their weekly support, the hype usually dies downand that's the best tym to scale in...

I'd use two recent coyns as example. Though the mcap od ADA is significantly higher than FTM hence mot a direct comparison. I found it easier getting exposure to ADA last week when it was hugging the weekly support (and out of the news) than an entry to FTM (which is about 2x its weekly and seems to be trending). Just as we saw earlier with sol, I wouldn't be surprised ftm cools down and consolidates at current prices for a bit until the weekly comes to push price up.

In this run, I don't always see an ltc pump as a good sign.... It's usually about the last major to move and does that before a selloff...

Currently trying to flip a mini resistance level at 230-250. Next main resistance is at 300... Good chance it gets there this week.
Also the weekly chart shows another example of a coyn hugging the weekly support and putting in small green candles which usually culminate in a large green one.... Hence back to my post on gaining entry and risk to reward

Lets see if this time is different....


P.s. looking at old largecap coyns, lets see if ltc follows suit