Title: A Comprehensive Guide to Crypto Trading: Step-by-Step TutorialIntroduction: Cryptocurrency trading has gained immense popularity due to its volatile nature, attracting traders who seek to...
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Well whether you trade in the stock market and or you trade in the forex market and or you trade in the crypto market. You use many indicators while you trade. Today in this video I am going to tell you about two such indicators which will maximizeYour profits and which will minimize your losses, then what are the two indicators by which you can earn more money. Today you are going to learn in this video exactly. Not only I will tell you in this video, but I will show you how you will use those indicatorsIn your trading setup, so firstly if we talk about it, then we discussed in the last videos that trend is your friend. You don't have to trade against the trend. You always have to trade with the trend.You have to identify that an uptrend is going on, a sideways trend is going on or a downtrend is going on. When you identify the trend, then you have to wait for a trend reversal. When trends reverse, then the chances of making a profit are high, so how do you know whichTrend is going on? So you must trade with the trend, and when we said that you can earn more money in the Trend Reversal, then how do we even know it? Is there any indicator for that, the answer is yes? You can use Supertrend, just now I have told you about the Supertrend.I'll show you now how you will use Supertrend. Second, when you are trading then you should know major support and resistance levels. If you know support and resistance levels then you will know from where, or you already know when the price moves.Let's say it is your pivot line, here it is your resistance and here is your support, if the price is going up then you know from where selling can start. Resistance is that level, where sellers are in the market and they try to bring the priceDown and if the price breaks the resistance then it goes to another level. Suppose it goes to R2 from R1. Similarly, if the price is falling then first it will come to its pivot points and afterThat below the pivot, it will cross its support level one and if does not cross the support, then it can bounce back from here, but if it breaks the support, then it will go to support one, support two and support three, but how do we know that which are the majorSupport and resistance levels. We can plot it by ourselves. If you're experienced, you'll be able to identify support and resistance levels by yourself, but an indicator might make things easier for you. The name of the indicator is Pivot Points. So by using pivot points and Supertrend, we can increase our trading accuracy.But right now I am going to show you exactly on your computer screen how you can use these two indicators in your trading setup and because we talked about Cryptocurrency last time. So even today we are talking about Cryptocurrency.You have seen that the price is crashing in the Cryptocurrency market, then we told you at that time that it is necessary to identify the trend. Because, I say that if you are looking for any crypto or stock price then the price ofCrypto or stock or destiny of man can fall no matter, then price can fall there any much. But how it will be known, here you get to know through trends. So now to make trend identification easy for you, I am telling you in simple words.Because I know that because most of the people are new. Well, who are experienced traders, will know these things and who have made a new move, they also need to know. So here we have come to CoinDCX, I am logged in to the website of CoinDCX. So you can also download CoinDCX.I will give the link in the description and the comment box and you can use a Pushkar100 Coupon Code which will give you ₹100 sample bitcoin in your portfolio. The first thing you see, when you're trading, the first of all you need to see at whichTime frame you have to look at the chart. If you are scalping here and or you are trading intraday. If you want to do buying and selling within the same day then you can see the chart on the time frame one minute and five minutes charts.Here in which way you have to observe all the patterns. Look, you will have to give time to learn a little technical analysis. I have already made a playlist, you can see the link on the I button of the playlist,In that, you will get a lot of information step by step on technical analysis, so here you see, when we were talking about time frame, then we talked about when you are doing intraday trade or you are doing scalping then you can see at a 1-minute time frame that how thePrice action is moving here if we talk about investing long term, then you can see chart on 30 minutes time frame. Now you can see it in different time frames but charts are different, here Candlestick Patterns are different and why it is showing you like that, it is very important to know.Because according to every time frame, buyers and sellers are reacting differently. So when you look at a one-minute time frame, then you can see that a green line came here but if I talked about thirty minutes, then you can see a red line, now the line is when you will click on indicators.I have already applied an indicator, you see here Supertrend. You will write Supertrend on Indicators, so Supertrend will come in front of you, it will tell you to see. Here you can see regularly that the trend is constantly Red.If you see the red line, it means that the trend is currently in a downtrend, so if you want to trade then you have to trade according to the downtrend. I gave you a suggestion if you trade in the crypto market.Especially if you trade in Bitcoin and futures or Crypto futures, then when the market is going down, Avoid the short-selling because when the market bounces back, it can do very fast and you can make losses, so most of the time you Trade in the uptrend. You will get more benefits from it.Rest you can tell your experience in the comments, so we use a simple super trend, which will tell us that when we see at the 30 minutes time frame then it means that this candle is representing 30 minutes that was the movement of buyers and sellers in the market.If a big red candle is visible to you, then it means that price was opened in 30 minutes, if you see wig above, then high reached there and it came below, low was this and it closed here.So you can see that it closed on 3562000 on 6th January at 1:00 pm, then the candle is telling this. And the price was opened here from, you can see that it opened at 3666000 and it came to 3561000. So you can see how much the price went down in 30 minutes.Similarly, if you see a green candle then the green candle is telling you that the price was opened from here in 30 minutes and it closed here. So Supertrend makes trend identification easy and whenever you will see reversing Trend,Now see If we talk about 5 minutes, then here the market is telling that here Supertrend already told you, earlier you were seeing the green colour line and as soon as the line got red then it is showing you that here the downtrend is starting.And then you see that trend goes on continuously and after going to this candle, the big green candle formed here, you can see time frame on 7th January, so this candle is showing and after the green colour you see that the colour of the line has changed, and it isTelling you from here that trend is reversing from here, now when the trend is reversing then we have to wait for the confirmation. Now confirmation means that when you see becoming any candle then after it made it's high here,And it can also be fake, fake means that you saw there was green candle there and you thought that trend has reversed from here But waiting for confirmation means that the high it has made, that high has not broken again unless a candle breaks the high of the candle, orIt will be completely formed till then we will not know whether the trend has reversed or not, so we have to wait now. We have to wait till then it's peak and if you use stop-loss then you have to use stopLoss in the low of this candle, then you can trade by using the stop loss of this candle, you can trade if you want to trade and that is what I am showing you, this is the technical analysis so this is not only for the crypto market.It is also for forex and also for the stock market, so these are basics that work everywhere, so you are getting help in trend identification from supertrend. Secondly, we talked about how we can use Pivot Points, and as I will use Pivot Points, youWill see a little change here, then you see here you will feel that it has changed completely, and why it has changed I tell you, you see here, you can see P here, this is your PivotPoints, and after that, R1 R2 R3 R4 and R5, and S1 S2 S3 S4 and S5, so R is resistance level and S is the support level then multiple levels of support and multiple levels of resistanceHave already been plotted for you by the indicator then you don't need to spend too much time. According to different time frames, like we are here in a 5-minute time frame. If we open for a 15 minutes time frame then these levels will change.Now we have already made a video on Pivot Points, you can watch that video on the I button if you want to. Now you see here, I told you that the price, Let's say that it opened from the pivot, andIt could not cross the resistance, then you see that it goes below the pivot and its next support is S1, so if the price will go below one pivot then it's the first target is that it reaches the support where you can see that by coming inside the candle, it crosses itsSupport S1, when it crosses, you can zoom in and see it on your screen. Here I am telling you the concept in short that when the price breaks the support, first support then it has another target of support level 2 S2, here it broke, then here you canSee that it also broke the second level of support, alright it broke the second level of support, when it broke the second level then the target is S3, but then you have to use supertrend here that is their trend reversing, so you can use multiple indicators simultaneously.You can use it simultaneously so that you know when the uptrend is going on and when the downtrend is going on. You will get to know through the green and red lines, then this is a very simple basicAnd useful indicator which you must use in your trading setup, then you can use them very easily. You can create your account on CoinDCX and let me also give you some information about coinDCX You can study more about Cryptocurrency and you can study more about blockchain, for thatYou can go to DCXLearn and you can learn about Blockchain and Cryptocurrency. It provides you with a Simplest Buying and Selling experience, Here the user also gets a price alert feature, that when the coin reaches a target price, you will get a notification.Here you also get support and resistance 24*7, regarding onboarding Ticketing and INR management. Your funds are insured and safe here, here you also get multiple security features like two Two Factor Authentication & Withdraw passwords. CoinDCX is an ISO Certified App, it follows all the necessary compliances, including KYC & AML Procedures.All transactions from CoinDCX are transparent without any hidden charges. Deposit of digital assets in coin wallets is free of charge. And they have also designed a 7M model so that investors can get protection, and we can maintain a fair and transparent market and we can reduce the risk related to Cryptocurrencies,You can deposit and withdraw the funds 24*7 at any time. It is very easy to trade here for the newbies and the existing people. You can buy cryptocurrency in their app from your Debit Card, Credit Card and Net Banking. There are only 2% transaction fees here, there are transparent transactions here, there areNo hidden charges. Till now, there is no law on Cryptocurrencies in India, so buying and selling and holding in Cryptocurrencies is Legal as of now. If we talk about CoinDCX then they clarify to you that the crypto market is not a one time Money Making plan.You do your home research Before investing your money, here are the quality check cryptos you are getting, you can invest in that. You can start your investment from ₹100 and you can start trading from ₹10. CoinDCX is the simplest and safest crypto investment app in India, it makes crypto tradingAnd onboarding easy for both newbies and existing customers. Users do not have to wait for hours for KYC verification, so the onboarding experience is super fast. You can download CoinDCX now, Link is in the description and comment box.If you put a Pushkar100 coupon code on it, then you will get a Bitcoin of ₹100 as a sample in your portfolio. The tagline of CoinDCX is "Future Yahi hai". So you can download CoinDCX from the link of description and comment box.Finally, how was the video, you can tell in the comments below? you ask your questions in the comments below, we will make the next videos on it. Follow us if you are watching this video on Facebook and if you are watching this on YouTube then subscribe and click on the Bell icon.I will see you in the next video till the time you share this video and go self-made