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Crypto Trading Strategy Guides: A Comprehensive Overview With the rise of cryptocurrencies, trading in the digital asset market has become increasingly popular. However, navigating the world of crypto trading can be daunting for beginners and even experienced traders. In this article, we will provide you with a comprehensive guide to crypto trading strategies, helping you […]

in this video I want to show you how to correctly draw your support and resistance levels so that your charts do not look like this oh what the hell is even that support and resistance or key levels are one of the most important things that you must muster when trading but 99 of Traders are still getting it wrong why is it so important because if you can find key levels correctly it can give you a high win rate trade opportunity look at this example right here there is a resistance level right here because price went up to this level and then reverse downwards so the next time when price hits this level again there is a very high chance that it's going to reverse downwards again so you could have entered right here a very common mistake that Traders make is that they draw too many lines on their chart just like this what the hell are you doing bro stop doing this how can you trade with like 10 000 likes on your chart this just makes you more confused while the whole point of drawing key levels is so that it makes it easier for us to analyze make it less confused the reason why a lot of you are still making stupid mistakes like this is because you do not follow the secret rules of support and resistance the first rule is multiple rejections you can see in this example price went down to this level three times before reversing back up showing us multiple rejections so we can draw a support level right here next every time price went up to this level it always rejects this level and reverses so we can draw another resistance level right here now you might be wondering what if the charts looks like this when there is no multiple rejections yet glad you asked which brings us to the next rule price needs to move away from the swing low or swing high in this example you can see that price has not formed multiple rejections yet but you can see that yes from a swing high and move away from it and when it just moved away and reverse and head back down it doesn't just move a tiny bit it moves significantly so what you can do is that you can draw a resistance level right here here's another example you can see that price has been going down it has just been the downtrend and then it went back down to this area right here and then reverse and shoot back up significantly so what you can do in this case is that you can draw a support level at this swing low the next rule is that a level can be both support and resistance support can become resistance and resistance can become supports you can draw like a support level right here because price reverse three times at this area and whenever price come back down to this area it always should back up so there's a very strong support level right here and look at what price did when price break through this support level it came back up to re-test this level and now your support level is acting as your resistance level you can see right now price is unable to break past this resistance level which used to be the support level next the levels must be near the current price when you are marking a key level you don't want to be marking one that is way too far away from where price currently is right now like these two levels right here these two levels they are irrelevant there is no point in drawing them because we only want to draw the levels that matters rights now because remember too many lines will look too confusing for us so in this case what I will do is that I will just draw a support level right here you can see whether price comes down here it always reverse and hit back up and then I will also draw another resistance level right here so these two key levels are the only key levels that matter now that you have understood these four secret rules let's apply whatever you just learned through the charts so in this example I can draw a resistance level right here because whenever price comes back up here it always reverses so this shows us that that is multiple rejections so this is a very strong resistance level and the reason I draw it right there is because it is also near our current price it's not too far away like all the way up here right it is near our current price so we still have to take into account this resistance level and then you can also see it right here this is when price move away significantly from our swing height and I can also draw another support level right here because whenever price comes back down here it always reverses and this just show us that this is a very strong support level because there is multiple rejections at this level and at this point of time this is when prices finally broken through our support level and look at what price did it come back up here to re-test this support level which now act as your resistance level and guys I want you to know that this entire area here is your support area all right remember a support and resistance they are not just one line like this all right this entire area is support area that's why you can see when price comes back up to retest this it does not come up to retest like a level like this it came back up to retest an aerial so you can see price went back up and reject this entire resistance area which was previously supports here's another example you can see that there is multiple rejections right here because whenever boys come back down here it always end up reversing and heading back up come back down reverse and hit back up so and then there is also a resistance area right here right so it's clear to say that this is a resistance area and this is a support area because it fully just satisfy the rules that we just talked about but do you want to Mark a level that is right here no because that is not where price currently is so it's irrelevant it's way too far away from us right now it's ancient history it's dinosaurs all right so we do not need to care about this levers that are like 10 years ago or even one year ago I don't know a few months ago you don't need to care about those levels all right I really want you to focus on where Price is Right Now focus on drawing the the most recent key levels like this the only time when I will draw this support level right here is when price breakthrough this support level and it's like going down then that is when I will draw the support level but if it's not if you still within this consolidation within this area you should not be drawing key levels that is like way far away from the current price now that you have learned how to identify support and resistance levels how do you actually trade them glad you ask so in this example I have marked out a resistance level right around this area because whenever price gets up there it always gets rejected and hit back down so this is clearly a very strong resistance area so the first thing you want to look out for at this key level is to see what price is doing its price gonna break past this level or is it going to reverse and head back down at this resistance level so in this case price actually gave us a Evening Star Candlestick pattern which is basically a reversal pattern that tell us that there is a lot of sellers in the market right now is no longer an uptrend and price is going to reverse and go back down and by the way there are literally like hundreds of reversal Candlestick patterns out there so you can just choose whatever you like but for me I just love the evening star Candlestick button because it's so easy to identify and I see this kind of stick pattern at this key resistance level that is the first sign that tells me that price is reversing but we do not want to enter here yet we don't want to enter immediately when we see our evening star we want to wait for multiple confluences right we need other confirmation that tell us that price is really going to reverse and head back down the next thing that I saw at this resistance level is the moving average crossover that is the next confirmation so you can see previously right around this area price has been above the moving average you can see all the candlesticks are just like above the moving average but right now at this point of time the moving average has crossed over so this is what we call the moving which crossover you can see right now the moving average is above the candlesticks now so that's the second confirmation that tell us that price is reversing so what I will do is that I will enter for a cell position right here when I see the moving average cross over the evening style reversal Candlestick pattern and price is at a key resistance level I got a three confirmation that I need so I will enter for our cell right here and I'll place my stop loss Above This resistance level here and guys remember you do not want to place your stop loss super duper tight like this because there is always a chance that price is going to go back up to this area and re-test it before heading back down so you want to give your stop loss a little bit of breathing room and if you guys know me you will know that I placed my take profit at the next key level so the next key level is all the way down here the reason I marked up this as a key level is because if you look towards the left it used to be a resistance level you can see right here it used to be a resistance level and now it's probably going to act as your support so that that would be by take profit and as you can see the trade literally went down and smashed our take profit and right now you have made a whole lot of money don't worry if you still do not get it here's another example you can see that right now price is at this major support area right here but we do not want to enter immediately when price is at this support level we want to wait for our confirmation we need three confirmation before we enter for the trade and right now we only have one confirmation which is prices at this support level that's the only confirmation that we have so we cannot just enter based on that so right now we still be patient and wait so you see like right now the next Candlestick price shown us is a bullish engulfing Candlestick a big fat green Candlestick at this support level what does that mean that means that there is a lot of buyers at this key support level pushing the price up this show us that price is not going to break fast this strong support level and that's a second confirmation the third confirmation is this moving average cross over you can see at this point of time the yellow line the moving average is going to go below the candlesticks now so now that we have our three confirmation I will enter for a buy right here and I'll place my stop loss once again below this support level and I can't really see because my camera is in the way up so I'll place my stop loss below this key support level and place my take profit all the way up at the next key level which is this resistance level right here and once again I marked up this resistance level because if we look towards the left you will see that it used to be a support level right here whenever I come back down here it always reverses come back down reverses so it used to be a support level and right now I'm expecting it to become a resistance level now let's look at how this trade will play out I'm just gonna fast forward this thing so that I don't waste your time and you can see like price just going up and going up going to our take profit and we just wait be patient and Bam we just smashed our take profit right here boys and we have close D3 great yeah it's really just as simple as that like this video If this video was helpful and smash on that subscribe button and if you want to take this strategy to the next level you need to combine this strategy with candlesticks and you can check out how to do that in this video right here welcome to the tribe and remember you're just one trade away [Music]

Introduction Cryptocurrency trading has gained immense popularity in recent years, attracting both seasoned investors and newcomers to the world of digital assets. However, navigating the volatile and complex crypto market can be challenging without a solid trading strategy. In this article, we will explore some basic crypto trading strategies that can help you make informed […]

How many times have you gotten in right here just to see that it is actually a major fake out don't worry because in this video I want to show you a simple breakout trading strategy that will allow you to profit from this huge movements firstly what is a breakout aBreakout is basically when price break through a key supports or resistance level which usually leads to huge price movements so in this example you can see that price is actually consolidating so we can place a resistance level above right here and place a support level below right here because price rejectedIt multiple times as soon as price break out of the key level the markets start trending and heading back down so you could have easily entered for a cell position somewhere right around here now the question is how do we find setups like this where the market actuallyBreaks out a lot of people will ask you to look out for breakout pattern it's like wedge Penance triangles oh shut up bro to be honest like these drawings you see online look nothing like the actual charts look at this example right there you can see that this is actually a penAnd chart pattern and this is what it looks like in drawing in textbook right but if you place it on the charts it looks nothing like that bro like look at this this is an ugly ass pennant look the truth is I have never memorized a single breakout pattern and I stillBecame profitable because you must understand that all of these breakout patterns they are based on a concept that price will break out after it consolidates so instead of memorizing freaking breakout patterns here's what you can do instead when price is consolidating draw key levels so you canSee like all these lower highs you can just connect this with a trend line and then what you want to do is to trade the brick out now the next question you might have is that when the breakout happen to the upside or to the downside so Traders they will often make thisMistake when they see that price break out of the key level just like this they immediately get into the trade just to realize that this is actually a freaking fake out so you just end up losing a whole lot of money this is the wrong mindset to have because when price breakOut it does not equal to a trend because to be honest with you eighty percent of the time when price actually break out is actually a false breakout so how do we actually prevent this nasty false breakouts you need to look for momentum canvas at the breakout so a momentumCandle can be in the form of a big fat candle or multiple medium-sized candles right here we can see that price is actually forming lower highs which means that we can draw like a downward trend line above here and place a key level at the support area right here this keySupport level to be honest I don't know what breakout pattern this is next we saw that a big green candle just broke out of the upper trend line so now three things can happen so the first scenario is that price can continue to go up even higher and the second scenario is thatPrice can make a pullback and read test the trend line before going up even higher and the last scenario is that price can reverse and head back down and this will count as a false breakouts so what should we do right now do we buyHere or do we wait for price to retest before entering for a buy position so instead of trying to predict what will happen next what I will do is to enter for a buy position at the momentum candle close right here and set my stop loss slightly below the upper trend lineBy doing this I will still benefit from every scenario if price goes up even higher I make money if price re-tests and go up my stop loss will not get hit and I still make money however if it's a force breakout my stop loss will get hitAnd this will prevent me from losing more money now where do you place your take profit you must remember that when price break out price tend to go up not even higher so there is a lot of upsides so if you just place your take profit atTwo times your stop loss you are limiting the amount of money that you can potentially make so what I would personally do is that I will take partial profits when price reaches one is to three right here right here I will have closed like half of the trade andThen after I close half I will move my stop loss into break even and also let like the remaining of the trade run until the moving average crossover right here then I will get out of the trade so at this point of time I will close allOf my trades by doing this you are able to benefit when a price make a huge movement because half of your positions are still open but if you have closed all your positions at the first profit Target you will have missed all this upside potential so in this example youCan see that price went up without re-testing the trend line which is why I prefer to enter right away because most breakouts actually happened without a pullback so if you are constantly waiting for a pullback to happen before entering you will probably miss out on a lot of profits here's another exampleYou can see that right now price is consolidating and it's also creating lower highs so I can connect like a little upper trend line right here and I can also draw my key support level right here so you can see at this point of time price actually broke out of theUpper trend line right but you can see after it broke out it did not give like a momentum candle the next candle is actually like a red candle which show us that price is rejecting this upper trend line and this is actually a force breakout so in this case you should notHave entered right here next we can see that a red candle actually broke below the key level but right again it is still too small for us to consider it as a momentum candle so we continue waiting next you can finally see that there is multiple red candles that form afterThat which show us that this is a momentum candle because remember a momentum candle can either be a big fat candle or multiple medium-sized candles and this is what is showing us right now multiple red medium sized candles so you have entered for a cell position rightHere and place your stop loss above this key support level so for your first take profit you can place it at one is to 3 reach to reward ratio right here so for my second take profit what I will do is to place my exponential moving averagesAnd then I will hold the remaining of the trade until the moving average crossover which is right here this is when the moving average starts crossing over so at this point of time this will be my second take profit level yup so basically I will have closed the firstHalf of my position right here when price reaches the one is to 3 risk to block ratio and then I will close the other half of the position right here when the moving average which actually starts Crossing back over if you found this video helpful make sure you scrollDown right now and smash the like button and also hit on that subscribe button and if you are curious about how I use this red and blue moving averages to trade and get my sniper entries you can check out this video right here remember you're just one trade away