My Technical Analsysis Strategy For Crypto Trading (For Beginners)
Published: 2021-10-05
Status:
Available
|
Analyzed
Published: 2021-10-05
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin is expected to pull back to the 42,693 area, which will be an opportunity to look for buy trades.
"what i'm gonna do is drop down to a one hour chart and this is where i'll be waiting for that pullback as you can see if we do get a pullback to this area it not only has been resistance in the past but it's also been an area that was tested as resistance and support multiple times looking left with all those factors coming together i'm just waiting to see bitcoin pull back in to this area around 42 693 and that will be an area i start to look for possible buy trades using some type of buying pressure entry reason"
Pending
Ada will be considered for buy trades if its resistance level is broken and Bitcoin shows strength, followed by a pullback to that level.
"what i will be waiting on is if this level right here gets broken and we see some power coming into bitcoin then i'll look for a pull back into that level and hop on for possible buy trades"
Pending
SNX is showing decreasing buying pressure and increasing selling pressure, suggesting a possible breakout of a descending triangle pattern.
"we're seeing decreasing buying pressure every time we push up so with that being the case it's showing me a lot of selling pressure because of the fact that buyers pushed up to here the first time and then they could only muster up enough strength to push up to here and lastly they only mush it up enough ushered up enough strength to push to here and now we're pushing even lower and we could possibly see this nice breakout of this descending triangle"
Pending
Dogecoin is expected to pull back to around the 20 cent mark, where buying pressure will be looked for to potentially enter a long trade.
"what i'm looking for is a pullback here on dogecoin to around this area somewhere around the 20 cent mark and if i get a pullback to that 20 cent mark i'm not just gonna buy for no reason if i get a pull back to there though i can start looking for buying pressure and if i get an entry reason then i can continue with that analysis and actually place a trade to go along"
Pending
Ethereum Classic will be considered for trades after a breakout and a pullback into its support area.
"but i'm going to be waiting for this breakout and a pullback into this area of support before i start looking for trades here on ethereum classic"
Pending
Matic is expected to pull back to an area of structure around 1.16, where long trades will be considered.
"i would like to wait on the pullback to this area of structure that's been tested multiple times right here so that's the area i'm looking for price to pull back to if we do get a pull back to that area i will be looking for possible long trades here around 1 16 in that area on matic"
Pending
Ethereum is expected to pull back to the 2950 area, which will be a good entry point for trades targeting 3000 or previous resistance levels.
"what i want to do next is figure out a way i can get involved for me the way i'm going to be getting involved is if i see some type of pullback coming down into the 2950 area that looks like a nice area for me to possibly enter some trades if i get a good entry reason here on ethereum and ride this up either to my target around 3 000 or all the way up to these previous resistance levels"
Pending
Bitcoin experienced a move to the upside from the previously identified area.
"on bitcoin you can see that from the exact area we pointed out right here in gray we ended up having a nice move to the upside"
Pending
Ada will be considered for trend continuation trades if there is a pullback to its previous structure level, requiring a deep retracement.
"at this point i'm dropping down to the one hour chart and i'm be trading trend continuation but i need a pullback to our previous level of structure in order to do so so i'll need a pretty deep retracement here on ada to start buying"
Pending
To buy more Ada, a pullback to the 2.14 area is required.
"i'm actually involved in a little bit of ada right now but to start buying more i'll need to pull back into the 2.14 area just to follow my own rules"
Pending
SNX is now in buy mode, and the analysis is waiting for a pullback into previous structure.
"i'm waiting for a pullback into previous structure somewhere like that right there so i'll be waiting for snx to pull back and i'm in buy mode now instead of being in cell mode"
Pending
Dogecoin pulled back to the 20 cent area, showing buying pressure, and a trade was entered.
"we were just waiting for price to come back to around the 20 cent area we got down to it and ended up getting this nice big green candle which was buying pressure for me i'll zoom in to make this easier to see this big green candle right here was buying pressure market pulled back a little bit more and i ended up getting involved"
Pending
For Matic, a push higher is needed before looking back at the level of structure for a pullback and potential rally.
"moving forward here on matic again almost like ethereum classic i'm going to need to see a push higher before looking back at this level of structure for a pullback and possible rally even further to the upside"
Pending
To add to an existing position in Ethereum, a pullback to the area of structure is anticipated.
"moving forward what do you think i'm looking at for ethereum if you said waiting for price to pull back to this area of structure you would be completely correct that is exactly what i'm looking for to add to the position in ethereum that i already have"
Pending