making money trading cryptocurrency every single day can only be profitable if you have a good working strategy that make money for you over time this can only be achieved it will have a good set of side rules and a good set aside risk management okay so that is why in this video i'm going to break down everything you need to know about making 100 legitimately trading cryptocurrency every single day so if that sounds interesting to you grab a cup of coffee and let's dive in and if you're new to the channel you're welcome my name is daniel on this channel i make video about cryptocurrency and crypto trading in general so if that sounds interesting to you i will invite you to subscribe to the channel and turn off the notification bell icon so when i upload a new video like this you'll be the first to utilize the strategy and make money with it okay and also give this video a like it's really help out with the youtube algorithm and without further ado let's dive in the first step you need to take about making 100 legitimately trading cryptocurrency pairs is one choosing a cryptocurrency pairs okay so i'm going to go over to coin market cap now and choose a cryptocurrency price that we are going to use to perform this kind of day trading okay so apparently i've opened up the coin market cap coin magikarp is a place that you can find all range of cryptocurrency all over the world okay so basically i normally use the filter button right here so i'm going to click on the filter and filter out some coin that i'm going to use to perform this kind of day trading okay so i'm going to click on the filter button right now and it's going to open up this interface that is basically category algorithm and platform so i'm going to scroll to the right side and to the right side i'll be working with this one more filter interface okay so this is the one more filter interface so i'm going to click on the one more filter interface real quick so what i normally watch out for when picking crypto currency price is market cap okay so i'm going to click out the market cap pretty quick the market cap is right here so i'm going to click it out and show you what to import okay magikarp speaks more about how many people have invested in that project okay so if there's a lot of people investing in something that thing will have high potential to the upside or either to the downside based on people decision which i'm going to put a market cap range that we are going to use for this kind of day trading so i normally go around 100 to 500 million range okay so i've put out the 100 million to the 500 million range so i'm going to click up to the apply filter one more time which the filter will be applied within a second so after the filter might apply within a second i will click on the show result okay show result these are cryptocurrency price i normally day trade wait okay but what i don't want you to do is trading around all these cryptocurrency price because you will not have a specific point of focus okay so i want you to focus on either five of them or seven of them don't want to trade around all these cryptocurrency price because each of these cryptocurrency pairs has different behavior they correlate differently don't want to trade around every other one like literally or this one for me i'll just create a portfolio and pick out like seven of this and put it in probably my notebook so that whenever this rules i'm going to show you in the second i met on either of them i will enter the market okay so and another thing always watch out for trading volume okay so if it has below 10 million trading volume don't go for that this range is probably okay and it does 40 48 25 45 and it has high range of them you know trading volume i'm not saying that 10 million is bad but i normally stick to my rules okay it's all about making personal rules to yourself okay that's one thing you have to understand about trading cryptocurrency if you have per scenarios you have to wait until the rules are made okay don't violate the rows until the rules are probably made so basically i'm going to pick any random one here we are going to use to perform this kind of trading so i'll probably choose this one that is an htx okay i've opened up the trading view let me show you how to set aside these rules for your day trading okay it's probably easy i'm currently on the four hours charts these rules i'm going to be showing you is actually aligning with the trend of the market okay when you want to start out trading cryptocurrency aligning with the trend is very simple and it will make you more profitable because you are aligning with the trend okay you're not basically training on consolidation you are basically aligning with the trend of the market so when you see that the train is in an uptrend you align with the trend when is in a downtrend you also align with the trend right so this is what i mean by train let's say this is an uptrend by creating a high and the higher i so you are basically aligning with the trend trading the pullback pullback level aligning with the trend provided the trend is strong so if the trend is strong it's going to continue doing the same thing in the future so in the other ways which is the downtrend you are aligning also with the trend and you're going short okay the other one you're going long so it's basically aligning with the train these are pullback in a trend because when a train comes it's going to have some you know relief which is the pullback the relief is the pullback which people will enter from here and also ride the train downward okay these are pullbacks level on the train levels okay when the trend is moving these are all pullbacks the line have drawn horizontally okay those are all pullback level that's what we are going to do for this kind of day trading aligning with the train is pretty simple and the first thing you need to do is to understand what the trend is all about okay so if the training is an uptrend you align with the uptrend trend if is in an in a downtrend you also align with the downtrend trend just following the train no matter the direction of the market okay either the train is the short short boron or the long boron okay they're basically aligning with the train so that's why i've plotted the 50 ema you can also get that in the indicator section here right here you just click on indicators and go over the search button and type in exponential moving average or in the short form you can type in ema it's going to come out with the first result shown right there which is basically the moving average exponential so that's basically what i use with the yellow line you've seen right here so and i've changed the color to yellow you can also change the color to whatever you want to use it's all up to you okay so basically this 50 ema speak to me about train okay okay the first rule is i want to see price trading below the 50 ema which identify which signifies to me that the market is in a downtrend like if at all it is below the 50 me okay so what i want to do after i've seen price trading below the 50 ema that you have seen right here i want to put a horizontal line to the pullback level okay so i'm going to bring something called an horizontal line and put on that pullback level and i want to see a break and retest of that level that's what i always watch out for okay so what do we see i want to see price trading below the 50 ema which signified to me as the impulsive move one so i want to see price pulling back two and i want to see price breaking through that level three that's what i call a downtrend okay so what do we add here we add price we add price trading below the 50 ema and pulling back and breaking through that impulsive move which signified to me that we are in a downtrend so guys after we add that impulsive move to the downside that we break through the level you have seen right there we are waiting for a pullback to that level for probably entry reasons okay so for my entry reasons i normally look for a shooting star candle okay shooting star candles such that they are loss of momentum okay so this candle already speaks about loss of momentum this is the candle right there those candle those shooting star candle to the upside like looks like an armored candle so after i've seen that shooting star candle that looked like an armor and i also look for another entry reason which is basically the red candle okay so that's what my entry will look like okay so this is probably the entry but if you need more confirmation more more confirmation can step down more to the one hour charts can step down more to the one hour charts for probably a more decent entry okay so on the one hour chart what do we see there we see price pulling back to that level you see price pulling back to that level and we add also a candle that looks like an armor candle which is this one right there with this one that looked like an american one we see a followed by candle which is the red candle that proved to me that the market is is going to move downward okay but we add this evil if we look closely we had this armor candle here but we did not have a red kind of following by okay which invalidate the rules so the second they take candle at that amma candle and follow by the red candle okay so that's probably the rules i love watching now for when i'm trading so this kind of trade will look something like like this let me bring out the short position let me bring out the short position real quick so the short position i'll put it on the entry candle let me zoom in after this kind of we at here we saw the red candle the market opens from here and went as high as this and came as slow as this anand closes back here so this is what the entry will look like okay for my stop-loss and take profit i normally add one atr today to the isi okay so basically for my stop loss on my take profit i normally add one atr to this isi okay this isi anomaly r1 atr which would look something like this okay i'm going to show you how to probably put a decent stop loss using the atr in the second when we go further in the video okay so let me show you how the entry will look like okay so this would have even hit your target already around 2.5 to 1 ratio okay like this trade had to play out massively just understand the pullback level and how it works this trade out to play out even more and you know still break through that structure level and went down as this so what i'll be watching out currently on this trade is putting also an horizontal line on the pullback level okay and also put another horizontal line because those levels are zones okay they are not just one lines they are probably a zone so what i'm watching now for now is price coming back to that level if price comes back to that level you also look for that shooting star candle to the upside following by the red big red candle okay you can also drop down to the one hour chart to find more of that candle if you can't find it on the four hour charts okay provided the price is within that zone that in pullback zone okay this zone you can as well go around this this low okay but most times you normally break through the lows and you know retest and continue the trend but it's not all the time it will always break through the lows because there are some points that it might likely reverse up okay so don't put your take profit as low as this but most times it normally happens when there is a big news to the downside so that's what i'll be watching out for for the bearish version so i'm going to go over to the bullish version real quick so what do we add here let's look closely here what do we have here we add price trading below the 50 above the 50 ema rather we add price pulling back so i want to see a break and retest that's one thing you have to put in mind a break and retest of that level so those levels are zones so when we go further up what do we see here you see this is the i i want the price to break through before i can classify the you know the pullback and entry reasons okay so what do we had here look closely we had price breaking through that level and pulling back to that level so we are looking for entry reasons like i told you guys is it it does not normally continue the train like if it would have continued and you know pull back and continue the train but rather we just had a very close target and simply just train downward again so like i said don't normally put your stop loss above the you know the isi level like i said this trade would have given you enough risks to reward ratio okay so in this zone you want to do back back texting because we are basically doing back testing now you put something in like a vertical line i drop down to the one hour chart so you can spot that zone probably again because the chat tend to increase whenever you drop down to a lower time frame okay so that's what i meant okay so what do we have here like i told you the in other bearish um example i told you we we need a shooting star to the upside following by the red candle so for the um bullish version i need to see a shooting star to the downside with a green candle okay so what do we had here look closely we had price shooting down here let me point it out shooting down here but we did not see a green candle following by the candle okay so that invalidate the rose but if you look closely what do we have here we are shooting star to the downside and we are falling by the green candle so that would have been our entry and candle this green small candle to the downside this one right here that would have been our entry candle okay so that's pretty much everything but if you kind of like confused about this thing i normally give out daily signals i normally teach my mentorship students on how to trade and how to you know probably spot all these zones for good entry reasons okay so if you are interested in that you can also join the telegram group and chat me up so i can reschedule you to the premium vip groups okay so that's by the way so let's move further in the video and as you can see probably that trade would have given you enough bricks to reward rate ratio rather so let's let's let's see what we had here this would have been our entry candle and the trade would have given us a good rate about 11.83 percent in just two days okay if you are using and buy bits or binance i will leave all links down below button by bits binance and fedex okay so you can also register and you know trade with them if you use in a decent leverage on this trade you have gotten about a thousand dollars if you open a position of a 500 so that's that's how that trade would have played out it normally plays out really really nice okay your stop loss is normally 180 hour don't forget your stop-loss is the most important part of the trade the stop-loss is normally 180 hour below the zone okay and for the stop-loss let me quickly go over to the indicator section and bring and bring out the atr atr what the atr does is that it shows you the average to range how volatile the market is so you can actually align with the volatility of the market so you are not basically stopping out before your target is hit so let's bring out something because this this would have been our entry candle so get that in mind let me zoom in again this would have been our entry candle which is basically the green candle right there so for this top loss i told you guys i normally go around 180 hour below my lows okay so you bring a vertical line for back tesing make sure you check through the chat to know when these rules are probably met if you don't see the shooting star candle don't enter the market okay following by the green candle you're going to put a vertical line on the bodies of your entry candle which is basically this green candle you have seen right there so for atr if you look closely what do we see around this atr look closely around the zone let's look this was the atr currently at the market at this market previously this was the current atr in this market previously so it was around zero let's say 0.005 look it closely there 0.0 0 atr okay and for you to know the atr of the pullback you need to bring your long position because i put one atr below that zone long position this up this was a entry candle the market opens from here look loosely and went as low as this and came as high as this and closes back yeah okay so that would have been our entry candle and we measured to the lowest low and what did we had here the atr was around 0.10 so yeah i didn't want atr to 0.10 we atl at that zone was 0.05 so when you add 0.05 to 0.10 it gives you 0.15 okay so you had we are putting five atl 0.05 atr below this 0.010 okay so it will be around 15 okay so that's that would have been our stop losses there and you put your take profit at the top there so this trade would have given you enough enough entry target and take profit target okay so you can see we will not stop out onto our target we eat okay make sure all these rules are probably made before you get into the trade okay so that's one of the interesting thing about pullback level you are riding the train no matter the direction of the train you are basically fooling the train with the 50 ema okay so let me go over it again let me go over for concrete this this concluding part i'm going to conclude everything i speak about the strategy i'm just going to conclude everything what did i say for the bullish version if this is the 50 ema for an instant i want to see price trading below the 50 ema and i want to see price pulling back okay and you after the price matter pull back you put an horizontal line on the lowest low okay so what you are waiting for you're waiting for an impulsive break of this um line okay if you see an impulsive break that would have been one two three move which signify a downtrend so when price pull back to this level you look for an entry reasons on that level to continue the trend downwards so that's what happened on the bearish version of what you saw okay so let's go over to the bullish version again for the sake of clarity okay so when you see the 50ma like this i want to see price trading below the 50 ema i want to see a pullback and i want to see a break of the impulsive move and i want to see a retest of that level and you step down to either the one hour chart or you can still stick on the forward chat he will see the entry candle which signify shooting star to the downside for the buddhist version with following by the green candle for entry reasons so you can ride the train upward okay so that's basically what the strategy is all about if you enjoy this kind of video and you want to see more of this hit the like button for me i really appreciate it and also join the telegram group i normally give out daily future trading votes for trading signals like this with the help of the analysis because you need to know when to buy and when to sell don't randomly buy coin and keep okay that's part of like investment when you are doing trading don't buy coin to keep for long because news happens every single month every single week so there might be bad news they might meet good news which will eventually add on your portfolio but when you are day trading you are basically following up the market no matter the direction of the market it's not kind of a day trading though but as you can see this trade would have given you a long time before it would have played out okay look at the time frame around this trade it would have given you around six hours okay five hours okay to play out it's not it's not like trading daily like making money like three times a day like sometimes you might take up to two days three days before the trade will play out okay but it normally gives you a good rakes to reward ratio