The Ultimate Crypto Trading Strategy (This Doubled My Coinbase Account In A Month...)
Published: 2021-09-17
Status:
Available
|
Analyzed
Published: 2021-09-17
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Ren USD traded from 68 cents to approximately $1.15, nearly doubling the investment.
"going from 68 cents and all the way at the peak getting close to a dollar fifteen that's almost doubling my money on this specific trade"
Pending
The speaker entered a long position on SNX expecting trend continuation after a pullback to a previous resistance level that turned into support, signaled by a long-wicked green candle indicating buying pressure.
"I told you guys I was waiting for the market to pull back here and give me buying pressure one of the best versions of buying pressure you can see is a long wicked candle like this one right here this green candle here shows a ton of buying pressure coming from this area of resistance that could turn to support and cause trend continuation because of that I went ahead and actually got long here on SNX as well"
Pending
The speaker entered a long position on SNX, anticipating trend continuation after price broke out of consolidation and showed buying pressure at a former resistance level turned support.
"i went ahead and actually got along here on snx as well"
Pending
The speaker is in a long trade on REN USD, entered at $0.68, took partial profits, and anticipates trend continuation. The price peaked near $1.15, almost doubling the money on the trade.
"we ended up getting into this trade at around 68 cents I've taken off partial profits and I have no reason to worry right now and the reason I have no reason to worry is because we haven't shown nothing's shown that we're gonna start going lower this is just a pullback and I'm hoping we can see some trend continuation but going from 68 cents and all the way at the peak getting close to a dollar fifteen that's almost doubling my money on this specific trade"
Pending
SNX presented a trend continuation opportunity after breaking out of a consolidation period, specifically from a previously tested resistance level.
"this would be more of a trend continuation opportunity here on snx"
Pending
The speaker entered a long position on Dogecoin after seeing buying pressure indicated by two green candles, waiting for a pullback to a previous structure level after observing a potential reversal.
"so with all of this coming together the only thing I wait for because I don't want to buy at the the next highest high I want to get a deal on this if I'm going to buy it the way I get a deal is by waiting for bears to come in for people to take profit and buying the pullback when I see some buying pressure so here on Dogecoin buying pressure was these two green candles and with that being the case I went ahead and bought up on doe troy"
Pending
The speaker entered a long position on Dogecoin around the 20-cent level, after it bounced off support and broke the 50 EMA, with the stop-loss placed below the swing low.
"i went ahead and bought up on doe troy and most of the time my stop-loss when buying this is below the swing low"
Pending
The speaker entered a long position on SNX after observing two green candles, indicating buying pressure, which led to a considerable price increase.
"so here on snx that's exactly what we waited on we ended up getting in after these two green candles showing me buying pressure right here and as you can see price moved up considerably since then"
Pending
The speaker exited the Dogecoin trade around the 28.9-29 cent level due to selling pressure and a lack of convincing new high breaks, indicating a potential reversal.
"i decided to exit right around here just after seeing some selling pressure and also you'll notice that we have this push-up right to a high the higher low and then this push-up to a high this high did not break this one very convincingly did it it was a really really small break"
Pending
The speaker entered a long position on ADA on the candle immediately following a close above a specific level, indicating buying pressure.
"for an entry after all these factors are coming together I'm looking for buying pressure buying pressure like this big close above candle I entered on the very next candle after that close above right there"
Pending
The ADA trade resulted in a 16:1 reward-to-risk ratio, more than doubling the money invested.
"i ended up with about a 16 to one reward to risk ratio and over doubling my money here on ada usd"
Pending
The speaker will only consider going long on altcoins like ADA, DOGE, or SNX if Bitcoin's price is trading above its 50-period Exponential Moving Average (EMA) on the daily chart.
"The only way I can start buying other coins going long on any other coins like ADA Dogecoin or SNX at the time is what I was looking at The only way I can go long on these is if price of Bitcoin is trading above what we call a 50 EMA a 50 period exponential moving average which is this blue line you see right here"
Pending
The entry for the ADA trade was taken on the candle immediately following a close above the previous resistance level.
"i entered on the very next candle after that close above"
Pending
A reversal in Dogecoin is confirmed when the price bounces off a previous support level (around 17 cents) and makes a move large enough to break above the 50-period moving average.
"then we're looking for what the price of this asset to have bounced off of a previous level of structure here is where we bounce right this is the big move up that broke the 50 period moving average that's something else we need but if we look left you can see that this in fact was an area that Dogecoin has used as support multiple times looking left here around the 17 cent even handle"
Pending
The entry for the SNX trade was triggered by two green candles indicating buying pressure, after which the price moved up significantly.
"we ended up getting in after these two green candles showing me buying pressure right here and as you can see price moved up considerably since then"
Pending
The speaker is waiting for buying pressure to emerge on SNX before considering a trade for trend continuation.
"I need a lot of other factors coming together I need some buying pressure to come in here on this pair before I can look for train continuation"
Pending
The speaker exited the SNX trade after observing double tops and a break below the 50 EMA, indicating a loss of momentum.
"i decided that was enough i didn't want to be involved in this trade any longer"
Pending
Bitcoin must trade above the 50 EMA on the daily chart for the speaker to consider going long on other cryptocurrencies like ADA, DOGE, or SNX.
"the only way i can start buying other coins going long on any other coins like ada dogecoin or snx at the time is what i was looking at the only way i can go long on these is if price of bitcoin is trading above what we call a 50 ema"
Pending
Once Bitcoin trades above its 50-period moving average, it serves as the initial condition to start looking for long trades in altcoins.
"price of bitcoin started to trade above the 50 period moving average this is my first condition to start looking for long trades on the smaller coins"
Pending
Bitcoin trading above its 50-period moving average is a signal of a potential reversal to the upside.
"bitcoin must be trading above the 50 period moving average showing me a possible reversal to the upside"
Pending
Entry into the ADA trade was executed on the candle immediately following a decisive close above the prior resistance level.
"i entered on the very next candle after that close above right there"
Pending
The entry for the Dogecoin trade was made around the 20-cent mark, with the stop-loss positioned below the most recent swing low.
"i went ahead and bought up on doe troy and most of the time my stop-loss when buying this is below the swing low"
Pending
The speaker entered a REN USD trade at 68 cents, has taken partial profits, and feels no immediate concern about the position's downside.
"we ended up getting into this trade at around 68 cents i've taken off partial profits and i have no reason to worry right now"
Pending
The speaker entered a long position on SNX, motivated by trend continuation signals after a breakout and buying pressure.
"i went ahead and actually got along here on snx as well"
Pending