 Been trying to get this up for a while now. I finally got a set up where I could actually Stream for the first time before I had my my laptop. I couldn't stream on that But yeah, and now we're set up I got the webcam I got a Figured out how to kind of put together the stream, but I'm still learning so you know Don't Don't laugh at me if I'm messing up whatever I'm doing because I have no idea what I'm doing. I'm just clicking buttons But what I do know how to do is trade So y'all got any questions? Let me know Be happy to to give my thoughts On you know what I see a lot of the stuff with trading trading is all based on your perception So everybody's view of it could be different Nothing's ever set in stone. It all depends how you want to see it, you know people different people see different things These are the levels that we've been watching right here So this right here has been a nice little buy area or we've been picking up entering longs Anytime it goes down to this area and this one right here today got close enough I like the the 11,500 area to 11,600 So that's how you jumped in there You know, basically whenever I'm looking for entries. I'm just looking at what it's done in the past in the same area That's also a lot of support here. So What's up luck? Luckney 1995 was followed chipmunk Chipmunk Luckney. What's up y'all? Yeah chipmunk definitely man. Everybody everybody trades differently. So there's no, you know It's hard to To say what's the right because it's not it's not based on right and wrong you can't You know if a system and a way to trade works for you then it works for you, you know what I mean? It's not a It's not that you're wrong or another person's right, you know, because you don't find that out until after it's over over with you know, so For me personally, I like to trade price action. So I basically the main things I use is supporting resistance You know and I look for momentum and then I trade With the trend always I do not trade against the overall trend So as you guys can see if you zoom out a bit the overall trends been up So I have not taken any Any shorts like for me instead of taking shorts trying to bet against the trend I rather Just not be in a position. So I just Not I'll just not be in a position. I'll sell and then I'll wait for a better entry Basically, so like for example right here like as this went up went up went up I knew 12,000 was a point of interest where we get rejected So I was taking profits there and I entered a new trade above 12,000 But as soon as I saw a rejection I got out I stopped out and I just waited So I waited for this candle like you don't want to be in this big-ass mess. This is Crazy mess to get into you don't know which way is going. It's a gamble And then I let it I let it sit for a bit And they're on here probably is when I started thinking about getting back into trades around this this area right here main things that I trade is Bitcoin is my main thing to trade I trade it mainly on bit mechs. I like to do I like to trade with leverage. I usually trade no more than 10x. I feel like anything more than 10x You're more gambling than anything Tesla's just pull it up You see um the traded Paired up with Bitcoin or USD because they're always two different Things to look at. This is paired with Bitcoin. Yeah, if I'm looking at it I'm not in a trade on on this Obviously this right here is a resistance and let me see if you can see if you look back you can see this This has been a point of interest right here. I'll pull it up in USD right now Let me just look look over real quick at paired with Bitcoin But if you look at it right here you look at the past you see this is a point of interest So if I was trading this I already know like when I'm in this area As soon as it breaks out. I'm looking back over here. I already know this is a it's gonna be a Resistance so this is resistance and up here is gonna be resistance both those those area And then once you pass this like if you see this this little resistance point right here It was also resistance back here and then this this is you're gonna be your next resistance up here So it definitely still has room to run Let's take it a little bit further back. Yeah, I could see I could see this running up Paired with Bitcoin I could see it running up still a lot more. It's at 3,000 Satoshi's Right now. Is that where it's at? Let me see. Yeah So it's always gonna be pullbacks. That's normal It's healthy. I Could definitely see it running back up to around this range 31 50 range probably 31 60 31 75 got a breakthrough there to get to 33 Let's check it out with USD so at USD to What 367 same thing man, I just I just look at the bigger picture. I like to trade in the four hour But if I'm analyzing something I usually start at one month And work my way from there The red indicator I'll go back to that chart now. Oh right here. I Believe this one is 20 there's a 20-day moving average Yeah, I'll pull up chain link now, too. But yeah, whenever I'm Analyzing a coin I do what's called the top-down analysis. I start at one month and I work my way down So I'll I also like Let me see. So there's definitely a point of interest And I go down to one week Like kind of see zoom into where it was getting stuck so 279 to three dollars three dollars is always any whole whole number is always major resistance and support the psychological It looks like it's gone up to Yeah, so see right as it got close over here to four dollars. It just rejected Damn, it rejected hard to it went all the way back down to to a dollar That's a huge rejection Yeah Yeah, man, we've been bro. My my group's been I've been running that trade group now I started my trade group in 2017 so we have been going since 2017 in the trade group man. Is it is it this a COVID rejection, but this one right here is a COVID rejection for sure It was already Rejected from before that looks like But it bounced back up at $1 Went up to what three dollars see all these Psychological resistances like that's always look at whole numbers They're always major factors So as it as it's getting close to its previous high It it's struggling there. So a breakthrough of four dollars. It could take off So if I was to trade this Let me zoom in a little bit more Yeah, so if I'm trading this I Because right here you can't really guess where it's gonna go So you're kind of in the middle like you're in the open. It could keep trying to push up to four or It could drop and it has if it drops it has all this space to drop till about 320 So if I'm buying here, I'm not entering where it's currently at. I'm looking to enter around 320 or around three dollars or 280 so I would set Entries at 320 three dollars and 280 probably and anything under that I'm selling and if I want to If it doesn't if it doesn't go down You also want to have an entry if it doesn't reach your support, which is a breakout entry I would be buying above four dollars or above previous high Previous has 395. Yeah, so I would set my buy above four dollars Do I think BTC will be hitting 20k mark? It's definitely gonna hit it now I don't I don't have a timing. I don't know, you know, I never try to try to predict What the price is gonna do and I would try to predict the future I just I just watched the price and I and I trade I trade based on price I don't trade based on predictions, you know what I mean? You don't want to have a bias in the market So you just want to you just want to trade with logic not emotion I feel like if you try to make predictions, you're you're gonna be biased towards the way that you're predicting So you're gonna be trading more emotionally than anything else Um Yeah So I don't predict prices. I I do believe it's gonna hit 20k when I don't know to hit 20k We have a lot of work to do because we we have to break through a few different areas Let's see Let's look at this In the monthly So as you can see we're almost at the highs of last year Last year's high was 13 920 So we have to break if like to go up from where we're at currently first We need 12,000 to hold if 12,000 does not hold we're gonna keep dropping back to where we've you know what we've been doing We need to break 12,200 so I think if we break 12,200 we could rally up to 13k Then we got to fight that 13k resistance And then we got to fight the all time the the high from last year from 2019 If we break the high from 2019 then our next resistance would be 15k like the 15 to 16k area if we break that Then we're gonna hit 20 now at 20. I think we're gonna get a hard rejection probably back to 1516 and then If we get the momentum again, we could we could definitely push past 20 I could definitely see that happening Sight do use to look at charts. I'm using trading view They have an app and that's the fastest way for me to to look at charts You could pay for it and you won't get all the little ads it does and you could add more Indicators, but because I don't use that many indicators this to trade it doesn't matter to me You love the breakout buys. I definitely love breakout buys man They're very simple and high probability Set-ups man, you got to look for the for the easy setups There's no point trying to To make life hard for yourself, you know, I mean People like to use a million indicators. I Don't I look for the for the easy setups Darren's been struggling at 400 Just cannot get a break not break through. It's done a bunch of fake outs In the in our group chat, we've tried to enter it a bunch of times and we just can't catch a break It's done a bunch of fake outs. So we keep any stops So what I tried to do we tried to enter right here The 390 to 380 range and then of course it dumps completely. So stop this out again I was trying to play this this little support right here So when it came back down we entered and it dumped on us and then it came back up But yeah, so I like to trade Ethereum. I want to get back in but Where it's at currently you can't there's no entry here Cuz probably gonna be a fake out It's gonna keep and so the only entry really you have to either use a breakout entry Which is gonna be around the last high Most recent high was around that what 408 and what's this? This is 415 So, I don't know I do something like over 410 probably And then but yeah, then you have to be careful 415 it could get rejected like it did here So that's why I don't know it's a weird entry for Ethereum so if you're looking for support A support entry then you're looking down here, which is where we try to enter last time Which is around 390 to 380. See this is a A good support here 390 to 380 range Um, it's held all this time over here. It acted as a resistance right here That was just a bad dump or everything dumped there. So gotta just ignore that basically So yeah, so for Ethereum the way we're playing it, uh, we have to look for a breakout or a support entry I don't like where it's at right now Right now at this point. You're just in the middle of nowhere. So I don't like those entries What I'll say you guys trading Uh, we've done a couple trades on bch How do you guys feel about bch? We entered this one At 300 When it broke out We got to write it all the way up Took profit around 320 325 range Where'd it go up to? 326 yeah, so we took profit around 320 325 range stopped out under 320 and it dumped hard Yeah, 300 is a good entry for, uh, bch 375 nice Yeah, so for bch, I like the 300 area So you see how it's kind of in a range here I would wait for 300 again And have a stop So you're probably gonna have want to have a stop, uh, under the most recent low Which is around 290 So if your stop is 290 Yeah, you could do you could have a Risk reward of two to one at least two and a half to one Um, you're gonna risk $10 to make a possible 20 to 25 dollars So it's a decent trade to take All right CRX Let's go Let's take a look from the beginning of time for zrx Just like to see what it's done in the past Anytime you're you're gonna Look to enter something you got to see what's done in the past As you can see it I remember this when it took off like crazy and it just dumped See this resistance where it's it's basically at a resistant right now So it looks like the 42 mark 40 mark probably 42 42 is its resistance It's currently above it Let's go down to the daily That's probably 45 And 50 I'm sure yeah So it's just just before the 50 for zrx What do you mean waiting? Like you're holding it right now waiting for those targets to take profit Yeah, so the first number I'd be looking at is 50 50 Is always a very is a psychological barrier. It's always a psychological resistance So I'd probably be looking to take You're almost doubling your money at 50 cents So I'd be looking to take profits around the 50 area and then if I see a convincing breakout above 50 You could just buy back in but I like to take profits at certain spots at least a percentage of my profits Um in case it dumps. I want to buy in again Yeah, so 50 is a good point of taking profit And then the high here is 56 This range is 79 80 Oh, it's this over here 70 Yeah, so yeah, so this is basically the same numbers you're you're talking about. So I would do instead of 55. I do 50 70 Yeah, 50 70 And yes, it's always good to to take profit before the whole number the whole number is usually where it gets rejected So I take profit usually before so if 70 is resistance, I'm taking profit around 68 69 But it looks good though Just needs to break out. This is like a big um, this is a A big bull flag You're welcome bro. That was a good entry though 33. We're 33. Yeah, it's down here. Yeah, that was a perfect entry So get xrp anybody in ripple This is bull flag right here See if I could Oh, this is terrible. I can't draw a straight line Bull flag right there So I'd be looking to uh, to buy a breakout above this Let's uh, look at Yeah, same thing same pattern That looks like 32 Yeah, 32 cents. So you could do a breakout breakout buy above that You could also enter around here With a stop under the low You might get stopped though So if you want to give yourself a little bit more room than under 27 cents But it looks like it's definitely uh consolidating preparing for a move It's on the daily too There right now it's at uh Oh, I should have to take this off It is at the 29 cents So it's battling the 30 cent whole number psychological resistance See if you look at right here Rejections all all around right here with support right here is just struggling with it indecisive When it broke through that's when I went up That's so I mean it above 30 cents is a goodbye You could also enter here With the stop like I said under 27 You could do that because this right here was like Panic sell bull flag So it's getting closer and closer to So if it continues doing this pattern it should be reaching its apex By the 12th So before the 12th, I would say it should be looking to to break out somewhere I don't know what they said it today is the 10th. Um, so in the next two days It could either break out or break down Due to the pattern The probability is a to break out So I will be playing the bullish side of this If I were to enter it I will be keeping an eye on it for sure Yeah, same pattern as um As ripple has Bull flag right now Mr. FRS Hey, man, I've been following you for a while Can you show step for step how you make the order for stop loss under 12k? Just want to make sure I don't fuck it up for a person. Yeah, no problem, bro Um, so that's for bitcoin So, I mean what what are you using? What are you trading on? So the because the first thing is you have you have to make a stop market order Um, you could do stop market or stop Limit order right now. It's at 12 000. So have you've already entered? um, so When when you when trading there's no exact numbers, you know, it's hard to explain to people But there's no exact numbers Um, I try to simplify everything as much as I can for you guys Um, but you have to remember these are just things to always keep in mind When trading there's no such thing as an exact numbers what there is is zones So you're always going to be Uh using zones versus exact numbers um so When I'm using a stop loss on a 12 000 on 12 k breakout If I'm looking to set a stop loss, I might I'm gonna be looking anywhere between 25 to 100 dollar from my entry price probably um So for this for 12 k so you could play it two ways If you don't mind stopping out And just continuing to enter it anytime it breaks out you can set up a pretty tight stop This this is what I would do if I'm gonna if I know I'm gonna be on the computer or You know somewhere where I have access to trading for the next few hours Where I'm gonna be watching it then I'll set up a tight stop Because uh, uh, if I if I stop out I could just enter back in if I'm going to bed I'm will probably set my stop a little bit wider Uh around the hundred dollar range of my entry If I'm gonna be around then I I don't mind setting it between 25 to 50 dollars from entry um I also use a lot of the times The most recent low to look for a stop So you have to kind of zoom into the price. So right now like the most recent low is 12,004 so I mean that's still over 12 k. So you don't want to use that So let's uh zoom in a little bit more to the one hour. What's the 2005 I'm gonna go into 30 minutes now because I'm just kind of looking for a spot where I could uh Where it's like a recent low where I could possibly put something. So maybe here we go like 11 So 11,000 this is the low for 11,986 So this is a 30 minute if you want to use a 30 minute low you can place it under there So I would place it around, you know, 11,980 This again, this is if I'm going to be sticking around for a while where I have access to making trades I'll I'll use like a 30 minute or I use a 15 minute usually like I'll use these two charts If I'm watching it if I'm at the desk watching it I'm using these two charts 30 minutes and 15 minutes for stop losses If I'm not going to be around like if I'm going to sleep then I'm using wider stops And remember I'm I'm re-entering the trade every time it goes back above 12,000 I'm re-entering the trade Because I don't mind taking the small losses Uh as I wait for the big winner. So right here Uh 11,600 we took one one stop out And then we entered it again and we got the big winner which made up for you know, this little stop out So I don't mind taking small losses for a big one Um when you're taking profits So the way to take profits is uh set up your orders as uh stop You can set up at stop limits or Um stop market orders whatever you prefer If you want an exact price, then it's a stop limit if you want to just make sure that you're selling then you want to stop market um Again If I'm going to be around I'm using stop limits if I'm not going to be around I'm using stop markets Now with stop markets, you might not get the best price, but you're going to sell for sure um With stop limits if the price goes too fast, it's gonna this is more if you're if you're using a stop loss If it goes down and you're using a stop limit and it goes down really fast Your uh order is not going to sell and you're going to be stuck holding a bag with a really big loss Uh, so I rather use a stop market If I'm not around because I know it's going to sell even if if it sells at a bad price um I'm still going to sell rather than Be stuck holding a bag with a even bigger loss When taking profits now i'm setting up um, so let's say I buy 100 contracts I'm going to sell you have three targets So you're going to sell 25. What I do is I sell 25 percent at each target So at 12.2 25 percent So I'm gonna sell 20 25 contracts 12.4. I'm gonna sell 25 contracts 12.5. I'm gonna sell 25 contracts Now I have 25 contracts left At that point I'm holding that those the rest of that 25 contracts I call that uh, basically holding holding a runner for the moon So if it continues to just take off Then you're just going to keep making money on those profits On that on those contracts you're holding if not what what I do is I trail it with a stop loss So I have a stop under it And I'll I'll trail it behind usually behind the previous target. So if I hit 12.2 I'm gonna leave it under 12 still if I hit 12.4 Now I move the rest of my position once I hit the 12.4 Target I move the rest of my my position under 12.2 Once I hit 12.5 I move the rest of my position under 12.4 and so forth Once it goes beyond then I'll just hold everything of the 25 contracts I have left I'll just you know Slowly move it up as the price goes up And usually at the end of the last target Um, I usually use that as a new entry point for a breakout entry Um, but yeah the type of orders the way to set up the orders is with stops You have to use stop limits and stop market orders If you're gonna buy if you're buying going long you're gonna you're gonna buy and if you're going short you're gonna sell Did that make sense? Do you have any questions about that? Well, I would I would say If you wanted to use bitmex Um to trade with leverage Um, and I mean you could trade without leverage as well But only only move 20 of your capital to trade, you know what I mean? I mean don't put don't move all of your All of your bitcoin or all of your crypto Just use a percentage of your capital that you want to trade and just use you know keep that somewhere On an on an exchange where you can make quick moves I use Like I said, I use a vpn for bitmex Set to the uk The vpn I use is called wind scribe It is a free vpn I'll type it in the chat. Yeah, it's it's definitely annoying with all the Passwords and two factor authentication and all that it's annoying Just keep a small amount and you should be fine Um for the trades, I mean if it's bitcoin, I'm using 10x if it's anything else. I'm using 5x Yeah for outcoins, you don't want to go above 5x because they they move differently so 5x for like whenever I'm trading ethereum. I'm using 5x leverage Uh, I'm trading bitcoin cash 5x leverage xrp 5x l leverage Only on bitcoin am I using 10x And if you're just starting I Do half of whatever I just said if you're learning do half don't don't do you know Don't do the whole thing if you're just learning now do half of whatever I just said You want to the idea here when with trading the idea is always longevity over everything else so um What happens a lot with traders and the reason that 80 to 90 percent of traders fell And are not profitable is because the majority of people come in thinking that they're gonna get rich overnight And they do not understand the game that they're playing You know if you if you try to play a game where you don't know the rules of you don't know how it works You're gonna get run off right away um, so you're you're coming to play a game that you don't understand And um, you're not giving yourself a chance to learn So the people that have been trading they've been trading for years, you know, um And the market doesn't care who you are or how, you know, if it's your first day trading It's gonna eat you alive. If you don't know what you're doing So longevity is the key when trading you want to set yourself up so that Even if you have a bad month, you can still trade next month. You know what I mean? Um, so That's why risk management is so so vital Um, you know risk management Is what's what's all involved in risk management is making sure that you're using the correct position size so if If you need if you don't have the link to the calculator, I have a position size calculator I'll send that to you send me a dm And I'll shoot it over um But you need to have the correct position size And you need to make sure that you're never risking more than five percent of your entire portfolio and five percent is on a Trade that you're extremely confident in so you you're always want to be between one to five percent five percent I only use if I'm like 100 confident, you know what I mean 99 percent Um, which is I never use I rarely use five percent. I'm usually and and it also Depends how big your cap how much capital you have so like before when I had under ten thousand dollars Capital that I was trading with then obviously five percent wasn't that much So I was closer to five percent on trades um as you grow over fifty k And beyond like you don't need to take that much risk anymore because you you already have a lot of capital to play with so even with Risk of two percent one percent two percent. You're still making a decent return on any trades you're taking um So I nowadays I only risk between one to two percent for trade If I'm feeling you know, uh Loose where if I'm feeling good about it. I'll go up to three percent I I haven't done a five percent I haven't taken put five percent risk on my capital in a long time though. I could tell you that One to two percent is where it's good for me. But again, it depends on you know, how much how much capital you're trading with No problem, man No problem, dude Appreciate you guys being here man. We're we're coming close to uh, we've been live for about two hours Well, we've been live for about an hour and a half, but it took me half an hour to figure out how to get everything up and running um But yeah, I'm gonna wrap it up, man This was the first of many more streams. I definitely want to do a lot more like it like this um And as I was saying this bitcoin is currently dumping Um, it looks like he's getting rejected here on the five minute um, but I I I'm gonna do this at least I wanted to do it a few times a week possibly Um, I'm gonna be coming back with uh content for youtube And um, and yeah, man, we're gonna be putting out a lot of stuff. I'm excited About you know, what's what's going on with bitcoin right now where it's going Uh, the fundamentals are great Uh, the hype is coming back up Yeah, man, and we've we've been buying I don't know if you I don't know how long you guys been in the The pay group but when it was you know, when it dropped to three 4k, I was telling everybody to buy man You'll be traveling. All right chipmunk. I appreciate you coming by man and stopping by hanging out with me for a bit Love to talk to you guys, man But all right guys, I appreciate you guys coming Uh, I will definitely be streaming again In the next day or two not sure yet We'll see if we get a schedule I will be out of town again this weekend though So if I stream again, it'll be sometime this week But all right guys, you guys already know where to hit me up. If you guys have any questions Send me a dm on uh instagram That's someone that I can see the best usually Um bitcoin dot daily Uh Make sure to follow us on youtube I posted my uh the link up in the chat also posted the discord in the chat And let's see let's see how this trade goes man Hopefully we could break that this 12 000 and it's 12.2 And shoot up If we break 12.2, we're definitely hitting 12.5 and I think 13k so I'll keep you guys updated peace out guys