What is going on everybody welcome back to the channel and in today's video i'm gonna be going over my daily routine as a day trader i get this question a lot i've gotten it a few times in the recent past which is why i'm making this videoSo i'm just gonna let you guys know what my daily routine is and kind of the steps i take when doing my analysis but before we get into it make sure you hit that subscribe button smash the like and click that notification bell so you don't miss any of our tutorial videos orUrgent market updates that we upload to the channel so when it comes to my daily routine it might go a little differently than you think right now when i first wake up in the morning you're probably thinking ah this guy day trader probably rolls out of bedYou know half asleep reaches for his phone checks the prices right but i actually don't do that so what i like to do is i like to wake up in the morning i will not look at the charts and that is on purpose right i wake up i'll go takeA shower i'll make my coffee i like to get settled get ready for the day get dressed brush my teeth all that good stuff and then i will sit down at my desk and that is when i will start looking at the markets or news and we're gonna go intoThat in just a minute but i do find it important that you know i don't look at the charts as soon as i wake up right now this might vary uh you know i typically don't sleep while i'm in trades i just generally i scalp a lot soI'm not in trades for a very long time but if i'm in a dicey trade or something you know maybe i break that rule once in a while but for the most part i don't like to look at the charts right when i wake up because you know if you wake up andYou're not seeing what you want you you don't want to start your day off on the wrong foot right so i like to wake up get ready take a shower drink a cup of coffee get ready and then i'll sit down and start looking at prices now let'sJump into the computer and i'm going to show you guys some of the tools that i use and some of the websites that i look at while i'm getting ready to trade let's get into it so as you can see here guys the first thing i want to show youIs coin market cap right i'm sure a lot of you guys are very familiar with this website it's one of the most popular websites in crypto you could use coin market cap or coin get goes basically the same thing typically what i'll do after i go through you know after i wakeUp drink my coffee all that good stuff i'll sit down and i'll take a look at coin market cap and as you can see by default it will show up with bitcoin uh at the top right and then this is just this will list all the coins uh byMarket cap by the size of their market cap right so obviously bitcoin at the top and i would just like to check out the price of bitcoin right because a lot of the market will follow bitcoin so i like to check it out and see kind ofWhat what bitcoins doing and as you can see we've been having a couple of uh red days uh in the recent past so we're down 15 on the week but you can see here you get the the coin right it shows you the price the 24 hour percentage change theSeven day percentage change and basically what i will do here there's two things you can do it depends on what i'm looking to do you can use this to find good entries for long-term bags right or you can find good coins that would might make for good long positionsOr short positions with leverage so for this first example i'm going to show you what i would do if i was looking to leverage trade so what i would do is i would come here right and i would click this button right here this little 24 hour percentage button and what thisDoes is list the coins from highest gainers to lowest gainers right and the reason i do this is because if you find the higher gainers things that might have pumped in the recent past right uh you can see here gmt is up 11 on uh onThe week now this might be a good time to start looking for shorts so you know there's a little more that goes into it if something's just pumping it just you don't just automatically short it but uh you know what you would want to do isFind coins that have been pumping in the recent past and then do some further analysis to see if it's approaching major resistance or it looks like technically there might be a pullback in store uh but big biggest gainers are good coins to look at for possible short entries right there's some criteria thatNeeds to be met here obviously if you're going to be trading with leverage the coin that you're looking at would have to be available on one of the leverage exchanges that i use in my case i use buy bit and femax mostly femex and ifYou do want to sign up and start longing and shorting the market with leverage you could use my femax referral link in the description down below you will get a deposit bonus so you get a little bit of extra money it helps the channel out a little bit so it's a win-win situationSo you do need to make sure it is on those exchanges so you can trade them with leverage or short them right so uh that would have to be that there is some criteria that needs to be met uh but you know say you don't see any of theseCoins that are available on femax to trade with leverage what you can do you know is you could click this button again which will now show you the biggest losers right so same exact thing but just the opposite way you'll show the biggest loser at the top and then it gets you knowSmaller losers to the bottom as you scroll down so if i do see a coin that's available on femix and i see something that is down 32 on the week it might be likely that this thing is probably going to find a bottom at some point but iWould take that coin and then go over to trading view do some actual analysis on it to see if we are coming up to any major support right so if we're down 32 but approaching a really really strong daily support level for example or aMajor fib level uh you know i might be looking for some long trades so another way that you can use coin market cap if you're just you know just day trading or just looking to accumulate your long bags this is kind of self-explanatory uh but if you wanted to look for good buysFor your long-term bags obviously you could just do what we just did if you pull up the biggest losers right uh you know if you were interested in in putting some money into moonbeam you could see it's down 32 right uh and then again you could go onOver to trading view and see if you have any major support levels that you're approaching and you if you are coming up to a major fib level or coming up to a major support level that you would be expecting to hold you can see that you know i've already taken it's alreadyTaken a 32 loss on the week we're getting crushed we're coming up to major support i think it's going to hold maybe you know you're getting it basically at a 32 discount so you can see here that maybe moonbeam is a good buy right nowObviously like i said you do want to do some other analysis but at the end of the day when you're looking through these biggest losers right we had thor chain on was on an absolute tear in the recent past right obviously it's going to have some sort of a pull pullbackWe're down 30 right now so you're getting 30 off of your thor chain and depending on what the rest of the market looks like long term if you think you know if you're as long as you're not like on your way to the bear market you can assume that maybe you're finding aBottom there and it might be a cheap price to accumulate some roon right and then even if you drop down a little bit i would recommend just putting a little bit of your money in not going all in at one time you want a dca in or dollarCost average in so you might put maybe 10 of your money in or 15 of your money or whatever it is in at this price and then if you check coin market cap tomorrow and now it's down 40 for the week you can put a little more and thenYou're getting a lower buying cost as you go down so that's a great strategy uh for your longer term bags it's an easy way that you can uh you know find coins that have been moving a lot and then you can use that to bring to tradingview to do some further analysisAnd look for good entries long term and like we just talked about uh on the biggest losers and biggest gainers you could take that information bring it to trading view see if you're approaching major resistance or major support and look for good long or short entries nowAnother thing that i do take into consideration when i get ready uh you know to look at the charts and analyze things is i will keep an eye on the news right this isn't a huge part of my analysis but it is worth looking at the news obviously because you know you gotTo know what's going on in the space and what i personally use for this is crypto panic right now crypto panic is a website that gives you news by crypto news by the minute and this is really cool because you can you can sort things in all different ways right so you haveTop news all news media blogs uh news sites you can follow certain things and then you can look at just price analysis articles regulation articles ico news events and then if you come on over here you can uh sort by comments at hot rising bullish bearish important funnyAnd top saved right so uh you can you can organize this in all different ways and it comes in by the minute as you can see 14 minutes ago 17 minutes ago 20 minutes ago 50 minutes ago it comes in very very very often and it's veryUpdated so i do like uh taking a look at crypto panic i have they have a really good mobile app that i use i always keep an eye on it right so i do like to look at the news in the morning just to getAn idea of what's going on what are the big stories for the day as this can help while doing your analysis right so if you see some bullish ethereum news right and then you go to the charts and you're like oh my god ethereum's pumping youHave an idea that it might be based off of that bullish news so this is a really really useful tool to look at before i start doing my analysis now for my last tool uh this one's pretty obvious and pretty self-explanatory right and that is tradingview.com right this is thePlatform that i choose to do my analysis on right it's basically a website that uh has all different cryptocurrency charts stock charts commodity charts right you can look at oil you can look at beans coffee whatever you want to look at it's all charted on trading view right this is what i preferTo use uh you can add all different types of indicators i know a lot of you are if you're watching this video chances are you know what trading view is uh but i did just want to kind of go over how i go through my analysis thisIs basically what people want to know uh where do i start what time frames am i looking at all that good stuff so let's go back over to coin market cap right and let's look at some biggest losers right so let's say roon or thor chainRight down 30 on the week let's go ahead and take a look at roon if i was looking to trade roon what i would do is i see that it's a biggest it's one of the biggest losers right and what we can do is as you can see we did have a bigMassive run up right here so obviously we are going to get a pullback at some point which is happening right now so we are starting to find support at this level but basically what i like to do is i like to start on the higher timeFrames and work my way down to the lower time frames i personally look at every time frame some people go oh you look at the one minute what are you a d-gen hey listen maybe i'm a little bit of a d-gen but i i'm a believer that there isGood information on every single time frame and the higher time frames have certain information that you need to take into account for the lower time frames right so let's just run through this real quick this is basically what i would do typically i will start on theWeek sometimes i'll go to the monthly the three week the two week depending on the coin right but typically i will start on the weekly for most coins uh or just at least at the higher time frames now as you can see on roon usd on the weeklyI will take a look at market cipher b this is the indicator that i prefer to use it's basically a bunch of different indicators all smashed into one beautifully displayed in this uh you know indicator down here with the blue waves and the green waves and yellowWaves it looks confusing but we do have a market cipher b tutorial if you want to learn about market cipher it's one of the most powerful indicators i've ever used probably the most powerful indicator i've ever used so if you're interested in learning about that definitely go check out our marketCipher tutorials but uh i will pull up market cipher b right i like to look at the money flow the v the momentum waves so here on the weekly i'm seeing that the v wap is coming down so i i would expect that we might have someMore downside right on the longer time frames things are typically stronger the indications are typically stronger on the longer time frames so when you have this v-wap crossing over the zero line to the downside on the weekly you can expect that to bring price down a lot more than if youWere to see the v-wap say on the five-minute crossing over that zero line because on the five minute the v-wap crosses above and below zero line a million times a day and the weekly takes much longer to get those crossovers so this would be something i'm taking intoAccount right v-bop looking like it wants to cross below that zero line so i'm thinking the weekly's not looking the best right and you have this momentum wave starting to round off indicating that you might be coming down so then i'll just kind of i'll go through these higher daily time framesLook at the money flow so you have the money flow coming up for the most part on the five day but you do have a red dot and the momentum wave coming down so still not looking the best let's jump to the two day right so you came into theGreen with the money flow on the two day but the money flows coming back out so right now i'm starting to think maybe you do have some downside still to come in the near future then i come over to the daily right dailies in the green com money was coming outAggressively starting to flatten out here v wap below the zero line so kind of mixed signals there uh and then you know i kind of just work my way down we're not here to do real analysis on roon right now but i just work my wayDown so if i see that the weekly is really really bearish i might not be looking for longs right on the lower time frames granted depending on how low you can go you could find scout belongs everywhere uh even in a downtrend i don't recommend trading like that but uhYou have to remember the trend is your friend so if you're if you look at the daily right and if you don't have market cipher clear downtrend on the daily and that's very very clear uh you know if you just draw a trend line i mean we'reGoing straight down so uh you might not be looking for longs here yet unless you're coming up to major support which we are coming up to a decent support level right here so then i would start looking for bullish divergences as we're approaching support for a possible longEntry but typically when you see that you're in a downtrend on the longer time frames you might want to stay away from the longs so now you know you can work your way down the time frames right and like i said we are coming up to support uh doesLook like you're not quite a bullish divergence here um but because we're coming up to support and we're already down 30 on the week i would expect to be finding at least somewhat of a bottom or i would expect to get at least some sort of a bounce pretty soon right becauseWe've already been crushed 30 and we're coming up to support so uh what i would be looking for bullish divergences for some scalp long trades and based off of the current market environment right now at the time of this recording i do think we have a little more downside forBitcoin so i wouldn't really be entering any longs on this but i'm just using it as an example you could keep coming down here and now you want to check the lower time frames for things like bullish divergences or uh you know bears divergences if you'reLooking to short uh but you know this would be something because we're crushed 30 percent we know that because we saw it on coin market cap in the beginning of our trading day and i would be waiting to come to support which we are so if we come down a little bit lowerHere with if this price were to come down a little bit lower here and this momentum wave were to start coming down and rounding off like this and you can draw this upward trending line like that and price is coming down that's a bullish divergence it might beA good time to get into a long position um like i said i would be very careful in this current environment but i'm just using this as an example so essentially what we're doing here we're using the higher time frames to identify our environment right or identify our macroTrend and then we want to use that information if we're in a big downtrend on the longer time frames to uh use that information to either you know if you've been in the downtrend a lot and you're coming up to major support maybe you're looking for longs if you're if you'reNot that if you're not down 30 on the week and you're only down five percent on the week and you think you might have more downside uh then you would identify that you're starting a downtrend on the longer time frame so maybe it's time to start looking for short positions in whichCase you could come to the lower time frames and look for bearish divergences right and then that those bearish divergences would act as your entry point on the lower time frames to get into some short positions so guys i think that's all i got for this one likeI said i've been asked this question a few times in the recent past so i just wanted to get a video out there just kind of explaining what i do every day and how i you know how i typically go through my analysis and the differentThings that go into it so just a quick recap i use coin market cap to find biggest gainers biggest losers depending on if i'm longing or shorting and you can use the biggest losers to find possible good entry points for your long term bags as well but as far as dayTrading and leveraged trading goes i'll look at the biggest gainers i'll look at the biggest losers find out which ones are available on femex or buybit then i will just take a look at the news sometimes i'll look at the news first those are kind of interchangeable um butThen i'll look at the news see if there's any crazy news going on just kind of stay updated on things then i'll go to tradingview grab my biggest losers and biggest gainers that are available on femex start looking on tradingview to see if we're approaching any majorSupport or resistance and then find my entries from there and then on trading view just kind of how i do my analysis is i start on the higher time frames and i work my way down to the lower time frames right so i go to the higher timeFrames to identify my environment or identify the macro trend because the trend is your friend and you always want to remember that you don't want to fight the long-term trends so if we're on a big if we're in a big downtrend on the daily you're going to mostly want to beLooking for shorts unless you're coming up to major support and you're already down a lot then you could be looking for major support for bounces you could look for bullish divergences for bounces right you know if a good coin is down 30 uh just because it ripped a lot you knowA 20 30 pullback can be a good point to start looking for longs uh with the confirmation of bullish divergences and uh you know other other confirmations if you can find them and then if you're in a big uptrend on the longer time frames then you might just want to stick toLongs so i hope that helps you out if you guys have any questions about my analysis or my daily routine definitely leave them down in the comments below and i will do my best to answer them i try to answer every single comment with all that being said i think that'sAll i got for this video i'll see you in the next one frankie candles out You