 What's going on y'all welcome to another video today? We're doing a market analysis on exactly what's been going on and what levels I'm looking at for entries for breakouts To take profit looking at some supports and resistance and just some ideas and opinions I have you know with with whatever questions Some of you guys were asking so I hope you guys enjoy this video. Let's make this money Let's get this face. We're gonna do the giveaway for this video because we have not done it yet So we got 30 likes on the video and 23 comments now we asked for over 30 likes, but we'll let it slide this time Let's go ahead and do the giveaway already put in the link over here So the giveaway whoever the winner is gets a free month in our trading room, which is $70 to get in Let's see who the winner is Good luck The winner is Axel Brie Axel Brie Please send us a DM. We will get you set up. You got the right answer dollar cost averaging That was the question was the what's the best way to invest in Bitcoin the answer is dollar cost averaging So Axel congrats my boy Make sure to send us a DM either on YouTube or on IG at Bitcoin daily and Claim your free month in the trade room Appreciate you man. All right y'all so let's check this out man It has been a pretty slow few days. I think last time we streamed was last Tuesday, I believe I think after that Bitcoin took a dip below 12k. I think it was around 12k when we last streamed I think actually the same day That we streamed at night It dropped under twelve thousand it dipped to about eleven thousand four hundred ish Maybe eleven thousand three. I'm not sure exactly where But we did buy some at the eleven point four support And we've we've wrote it up to eleven thousand eight hundred So that's currently the position we're in we also entered ethereum at three hundred and ninety Currently at four or six. I think it did go to all the way to four ten ish Are in any other trades we are oh, yeah, we are in it in the chain link trade I don't know if you guys remember our last stream We're speaking about the levels for chain link where we would like to enter it was between 13 and 14 dollars That was actually the question of the day on that video If you guys were paying attention chain link hit that entry 13 or 14 dollars We entered it. So that's a trade out that we entered and we're currently in and it's currently at 15 So we're ready up on that. I Think a touch of 16 Which is our 16 is our first target. I think it touched I'm not sure what we'll look at it you guys So let's look we're still looking at the same levels that we talked about you see these levels right here We're struggling if you look back. This is literally a year ago last year. We're in the same spot We had the same issues in the same levels So that that's the main thing that we're looking at right now We need to break through this you see how these wicks are just going up and getting rejected right back Down look at the same thing here happened last year got rejected rejected Rejected went down try to go back up rejected went down. That's when That's when I went all the way down to 7,000 try to go hit 10k again and then when I hit 10k, that's when the whole pandemic started and Yeah, we went all the way down to what was the low here. The low was 35 96 man, I remember at 35 96 I couldn't buy at that price because it moved way too fast, but at 4000 I told everybody to buy I was like guys This is your opportunity anyone who was saying that they missed out on it that they didn't get to buy You know at a good price This is an opportunity to buy and a lot of people didn't want to listen to me So I mean I definitely bought and have basically tripled my money since then But yeah, if you bought at 4,000 you would have tripled your money over here So at 12k is a what is that 200% 300% profit some of that But we're so we're stuck right here in this range man, we need to get over this if not If we don't get over this and we keep getting rejected and we break past 11,000 we're definitely dropping to 10 if 10 can't hold right here You see this this area right here. So this is definitely a support is a strong support if 10 can't hold We're dropping to 9 and then we're gonna hope that 9 can support us if 9 doesn't support Then we're just gonna keep dropping. I don't think we will drop that far But that's just so that you guys have an idea of what could happen if we can't break through 12 That's definitely a possibility there. So we have to we have to be you have to watch it You know, just make sure you're using stop losses and all of that So that you don't you know get caught with your pants down if you know what I mean So now we talked about Bitcoin in the on the weekly Let's fall. Let's zoom in a little bit and As you can see, we're still good on this bull flag Both like it's still there We're still good there. Remember what happened down here. We had a very very similar thing where we took off we Consolidated for a while and then we took off So we've taken off. We're consolidating now the thing is the range is pretty wide You have about a thousand dollar range It is if you notice it was very very wide then it got a little bit tighter Then it popped over here. It's a little bit tighter. So if it keeps getting tighter and tighter and tighter Then I'm definitely seeing another another pop like this and look look at this on how wide it was wide And then it as it went on it kept getting tighter tighter tighter tighter. Look at this right here How long was this from basically starting back here? this was June 25th all the way to July 20th so almost a month of no movement whatsoever just very very small moves very very tight and Then it popped so we can definitely see Something very very similar to what happened here over here because the moves are getting tighter and tighter and tighter Which we're still trying to get through But the moves the movement's getting tighter. So that's a that's a bullish thing That's a good thing to see here that when it gets the tighter it gets that means that the market's getting ready for Impulsive move and an impulse move. So either a big pop like this how we saw here And I mean it could go either way But because of the pattern the overall pattern that we're looking at here This is a bullish pattern. So the probability is to the upside So we're playing the upside on this because that's where our Edge lies. That's where our probability lies You always want to play the high probability setup and a high probability trade. So get out So let's jump into the four hour See if there's anything different here. So we're basically seeing the same thing here Very very wide range here. You can see this this actually dropped all the way to what ten thousand five sixty and The top of the range was twelve thousand one sixty three. So that's a very wide range right there But that's the range so you got to make sure to be careful when you're playing these if you're day trading this if you're just holding long term Then you don't it doesn't really matter all this nonsense doesn't matter What matters to you is what's going on in the big picture. So Does when I zoom in like this to you know four hours or anything less This is more intended for anyone trying to day trade it like what I do is I day trade it So for example when it when it comes up here when I see it getting rejected I'm selling then when I see it bouncing like this. I'm buying it back up. Boom I'm writing it up and I'll write I'll write through all these little ups and downs and I'm taking profit this whole time So like all these red lines. These are just to remind me to take profit there So for example here I took profit then I went down if it hits this yellow line again like it did right there I'm buying again. So boom bought again When it when it hit this I'm taking profit when it hits this I'm taking profit When it started going down I'm buying again now now once they go over the my my markers and it hits them again I'm buying that those turn into buy areas. So I'm buying buying Goes up goes up. I'm selling You just keep doing the same thing see when it came down here buying Just writing that up. Look how far up. So I'm taking profit when I bought here I'm taking profit taking profit taking profit then as it came down here. I bought but I have a stop loss Remember you always got to have a stop loss. So as soon as it went under that I'm selling because I don't want I don't want any of this down here I want to get out of there and I want to look for a better area to buy So when it dropped here drop look back to my marker. I'm buying again, and now I'm writing it up right here So if I see it start dropping again, then I'm selling because I want to get out of the position and I and I zoom in more if you zoom in more Then I'll have other targets that I that I don't have marked here like for example this area right here 11,800 I'm taking profit there So yeah, man, that's pretty much it on Bitcoin I think we pretty much covered it from the weekly the daily in the four hour anything else is just for scalping Do you guys have any questions on Bitcoin? I think we're good here Let me tell you the levels I'm looking at for entry and exits Um, so if I'm looking to enter In this range, I'm not really looking to enter where it's currently at Because my entry was 11,400 So my entry was down here 11,400 that was my entry This is another entry. So 11,400 the entry I've been using here and here and here Um, so that was the entry My take profits here were 11,600 which is around Here This range right here and 11,800 which is here. So we hit both of those already My next uh take profit mark is 12,000 Um, so if I'm looking to enter I need either a dip back down to 11,400 You could buy at 11,500 between 500 to 600 It is viable But you need to have the thing if you if you buy there you need to have your stops under 11,400 If not, you'll probably get stopped out. Um, so the stop Uh, your risk has to be a lot wider. So that's why it's a that's a riskier play if that's what you're looking to do Um, so the only other entry It's tough, but it has to be a breakout entry and it has to be above 12,000 not only above 12,000, but it has to be above like 12,100 Because it's been hitting it that 12,000 marks so many times and just stopping out It just keeps hitting stopping hitting stopping it So I if you want to be safe you have to enter above 12,100 And then your targets are probably going to be like 12,200 Um, and up here 400, 12,400 And the next entry would be above this high. So above 12,500 would be the next breakout entry But I like I like to I mostly trade with leverage And I'm the type of trader that I like to focus only on a few set of coins Uh, I know most people especially when they get started they just go down the rabbit hole of outcoins And they invest in like 50 different outcoins And like you can't it's it's impossible to learn the pattern of so many different coins you have to You have to stick to a set number of coins and just trade those and you'll be very profitable It's like you have to specialize in a in a certain coin Um, yeah, I do the same thing with the stock market I only like to trade blue chip blue chip stocks and um, and any companies I really believe in Um, and you but I only trade, you know I started with five then once I get really good at those five and I add another five Um, and I that's what I do and I max my my trading range at around 20 different options Um, I feel like if I can just learn these 20 coins or 20 stocks really really good I'm gonna make more money than someone who's just playing the lottery basically investing in 50 different coins so um Just learn just pick like a handful start with five Learn how to trade those really really good learn all the levels and learn the supports the resistance Learn the patterns how it moves and then um, you'll you'll be very profitable if you learn how to Do that and then from there once you get that then you could add on another five coins and and so forth, you know and just And you know put a limit to how many coins you're trading because it's impossible to watch 50 different coins Like it's just impossible to do So my main thing that I trade is bitcoin Um, I trade bitcoin. I use leverage when trading bitcoin so that I I get a bit more volatility in it um and um And then I trade a few a few other of the top coins I don't I don't go off to you know too much to the to the left too much to the deep end You know, I don't like to uh to play the lottery too much. Let's see So I use binance bit max and buy bit I also the way I buy with fiat To to crypto is using either coinbase or gemini Next thing you want to focus on when you're starting out is how you're diversifying and building your portfolio um, you're so your crypto portfolio So the main the main coin in crypto is um bitcoin right And that's kind of the benchmark for every other coin. So anytime you look at any other coin It's either it's one it's following crypt of bitcoin. So depending what crypto does is what every other coin is going to do and um And two it's what you know, you compare every every other coin to so what I always suggest To people I treat bitcoin like the s&p 500 if you don't know what the s&p 500 is is basically uh An index fund of the top 500 companies in the stock market Um, so I any starter When you're first going in I always suggest Putting at least 50 of your portfolio in something like the s&p 500 It doesn't have to be that but it could have to be something like that Um, because it's the main thing that drives everything else So I recommend doing the same with crypto keep at least 50 It doesn't have to be 50, but that's just um A starting point for you and then you can move that around between 30 to 50 percent of your portfolio Should be in bitcoin because that's that should be the foundation of your portfolio and then uh, then you could use like, you know, 30 for outcoins, uh 10 for day trading if you want to be going in and out and then like another 10 for Having in cash, you always want to have cash. You always need to have cash In hand so when there's a dip you want to be able to buy it All right So the the whole idea with with bitcoin and crypto is to get more bitcoin the more bitcoin you have the better So you have to have cash in order to jump back into bitcoin and and make that You know make more bitcoin overall All right guys, so let's look at ethereum Now if you guys watched our previous video, then you know that the way we like to start Is to zoom out. It's called the top down analysis Here we go. So we're currently at the 400 level right now If you zoom out, you guys can see the potential of ethereum. Look at this The high was 1419 $1419 any of you guys, uh Have ethereum back then the first time I ever bought ethereum was like down here somewhere around $100 This is what 2017 is So 1400 was the high right now. It's at $400 That means that you can what double you can triple your money This is another bitcoin you can triple your money, but it's not going to happen overnight. So chill out So going back real quick just taking a look you can see this 400 area Was a support here it was a support here during the breakout So check this out. We broke out. We broke out through We got rejected at 400 right here This is what august 2017 We dropped down We dropped down to 200 Then we jumped back up and this time we broke 400 So that was in november After we broke it We tested 400 again, and then we continued up. So it took one two three four Here we tested 400 we jumped we tested again went up, but then eventually dropped down Um, so 400 is a very very big level for ethereum There come any time to test it here one and it dropped Two three four And then finally Right now we're at one two three four and we're we're battling we just tested it one time right here We're battling to get through that 400 level Um, if we go through four if we do get through 400 420 420 is and it's the first target then for 40 and 450 Then 500 pretty much I have to zoom in more to see um a little bit deeper, but that's around the range that we're looking at If we zoom into the daily You see you see how how much it's respecting that 400 number It's a very big Support and resistance zone um by and ends And youtube rd to rd r2 d2 and youtube There's a lot of uh tutorials look up a finance tutorial All right, so here we're looking at the 400 level You can see 420 440 And it got scared of 450 so remember remember if you guys have have been here before you know I love playing the whole numbers because uh The market always reacts to whole numbers. So 400 huge whole number It's a psychological Support, it's a psychological resistance people just like whole numbers It's a psychological thing. You guys have to learn the psychological aspects of the market Because they play a very big role in trading. Um, so 400 Big level And then the other level was like 4 440 another whole number 450 another whole number people just love psychological Those psychological whole numbers. So you just have to make sure you're taking profit right before those numbers Hold on. Let me Change that sound real quick. No problem r2 d2 If you guys aren't here make sure to join the chat Let us know If you have any questions I'm happy to answer it and uh, give us a follow We're trying to get these follows man. We need 50 We're at 37. Let me see. Let me update it real quick. See if we got any more. Nope. We're at 37 guys. Come on. Let's get it Let's get it y'all. So all right. So in ethereum Guys, I am long term on ethereum. So if you're not in ethereum I do suggest getting in it if you look at the pattern. It is a bull flag. All right So it's a bull flag from this angle It's almost like a bull flag from this one, but either way it's a bull flag All right Um, the levels i'm looking at to enter is 400 dollars for like we said 400 is psychological support level So you want to enter as close to 400 as possible In the market everybody always asking me for exact numbers Guys, the truth is there's no exact numbers in trading. There's only zones. There's areas There's no no such thing as an exact number. All right, so You have to get used to that 402 is a fine price to enter if you want um But you know The closer to 400 the better so 402 is not bad Um, if it drops under 400 380 It will you have a minor support at 390 than the the bigger supports at 380 And then you have a drop off basically to Like the 350 range probably um, but 380 Is the the main support here? As you guys can see look how the price has respected it even though it's waked down You know further it still has always closed within this price So if you're entering at 400 your stop has to be under 400 um Give yourself some room Depending on your risk tolerance Your first your first target is probably 410 You're looking at 410 and 420 as your two targets before going to 440 um, so if 10 dollars is your first target you want to give yourself a 2 to 1 risk reward ratio So if you're risking One you want to be rewarded at least two right? So if if your reward is 10 dollars Your risk should be five dollars So if you're entering at 400 then your stop should be around 395 Does that make sense guys? Risk it's trading if you want to be profitable you need to learn and know how to calculate your risk reward ratio Because it is very very important If you're taking trades that don't make sense as far as risk if you're taking more risk than reward then when you're Talking about long term you're you're not going to be successful Because your losses are going to be too big and your your winners are going to be are going to be too small So that's pretty much it on ethereum. I'll zoom into the four hours, but the four once you get under daily Uh, it's mostly for scalping if you're looking for day trades So this is I go into four hours and below when I'm I'm looking for day trades So as you can see here 380. That's the level we spoke about look at it right there Look at it right here right here right here Like there's the market is literally telling you the zones You know like the areas where it has trouble at where there's either buyers or sellers There's always either right here. There were sellers And then right here. There are also buyers. There are buyers. There are buyers right here buyers So if it's dropping to 380 you should have orders set already to enter there so 400 Stop out below 400 380 is your next entry you enter there. You can write it up back up to 400 and you could have uh Let me see what this low is I would keep the stop around you keep it around 375 ish. So you're risking five dollars for 20 dollars So see that's a good risk reward ratio And then here look see how i'm telling you 410 is your first target. This is why look how it's Struggling right here. So 410 you want to take profits And then look for look at 420. Look at this right here So 420 big 420 420 420 So you want to take profits there and then basically every whole number after that 430 440 450 Those are all areas of interest. So you want to you want to be paying attention to all the whole numbers All right, let's take a look at uh bitcoin cash Let's zoom out Look how crazy this this uh chart is Like this is just like a straight drop The high here was uh 4290. I think that high was uh The day it got listed So this high 4290 that was the day got listed on coinbase Yeah, look, yeah, because it's coinbase So it went to 4290 that day. I remember that day was my christmas party For I was I worked in real estate. I was a real estate agent and my christmas party Um, I was at my christmas party And then news came out So the whole christmas party I was literally on my phone like trying to sell my positions because I had positions in it so I was trying to sell my positions And uh coinbase went down And I couldn't sell anything and I ended up selling it at around probably like 2000. I think something like that But hey, I couldn't sell at 4000. It didn't let me I was very upset about it. See look, I ended up selling around the 2500 range by the Very sad day when I couldn't sell I was very upset at that christmas party All right, but let's zoom in Now you see what the potential could be I think it could get to a thousand The high of last year Was up here $500 the $500 range big whole number big surprise They're called the lowest thing when that's crazy $80 The high here look at the high again 500s same thing. This was when This was earlier this year we hit 500 again drop down. So I see this going at least a 500 again And then that's gonna be a big test right there We're currently struggling right here. You see this this right here. It struggled in the same area before struggling there again so Once we get past we need to get past this so that we can Go up to continue up to 400 Um good levels to enter here. It's probably going to be 280 I like 280 for entry You need about a $10 stop probably Um if you're entering 280 your target's going to be 300 your first target's 300. So you have a $20 $20 reward $10 risk So that's a that's a good trade Zoom into the daily You can see here. We do have a bull flag But it's it's pretty wide. So you have to be careful trading this because it's still pretty wide It it has the last few days has calmed down a bit But it's it's a little wide. So be careful Um If you're looking for a breakout trade because you can't really 288 it's a little too high already So you can be looking at around 290 ish is a risky breakout trade Um 300 is a little bit safer because you could but If you if you look 300 it's been Just bouncing around there, but you can use 300 as a breakout With a stop below it 310 and 320 are your two targets So five dollar use a five dollar stop So you can have a proper risk reward What's up guys? Welcome back to the question of the day. Remember we do this on every video We give away a free membership. So let's get right into it question of the day every video will have a random question Uh, the question will always be in a random area of the video Find the question and find the answer post your answer in the comments for a chance to win winners will be picked randomly randomly once the Video receives at least over 35 likes for this one Good luck guys. Remember to Uh, post your answer in the comments Like the video subscribe to the to the page. That's it. Peace All right, let's look at uh ripple guys xrp It's just kind of been chilling It's kind of been in this zone right here Not really much going on Let me move this but it is a bull flag If you're entering Probably look at 2,400 to enter So i'm looking at a 2,400 area as close to 2,400 as possible Um And 2,450 is a target 2,500 is the next target Probably 2,550 is a target 2,600 so just all those whole numbers basically going 50 to 50 Is if you're trading it against bitcoin if you're trading it against usd Chart looks exactly the same Except here you're going to be looking to enter around 28 cents. You want to you want to enter at 28 cents 30 cents is going to be your first target whole number Actually 29 It's had a little bit of trouble at 29 not really that much if you want to be safe you could take profit at 29 But uh 30 is the main number 31 32, you know every cent Take a little bit off Then you could use a breakout above whatever the high is so above 33 cents would be a breakout entry you could buy again there So strategy would be to take profit on the way to 33 cents by the time you're at 33 cents You only want to have 25 percent of your position left And then as soon as it breaks 33 cents you want to enter again. That is at least what i'll do um If you're just holding long term then you can just hold You don't gotta worry about that whole message is in It's a bull flag so long term looks good Um, let's look at litecoin. I know somebody asked about litecoin. We're gonna check it out Let's zoom out to the weekly It's finally Been getting some life. Let's look at it against uh usd so The usd looks better than the bitcoin against bitcoin um So 64 You can see it right here And here again So it's definitely an area where people are taking profit There's profit taking going on here And then above let me see The high has been what 69 Another whole number um, if i'm looking to enter I don't really I don't there's no real patterns going on here If i'm looking to enter Um, i'm looking to either i'm waiting for a pullback Which is not very likely to like 60 But it was 60 60s here. So 60 is just risky I wouldn't enter it because look how wide this drop is right here to like 50 So 50 would be maybe a level i'd look at If it dropped that low, but it doesn't look like it's gonna drop that low Um, or I look for a breakout above 70 is what I would prefer. So if I'm trading this I'm trading above 70 Uh breakout and I'm looking to sell around 78 and 80 between 78 and 80 dollars is where I'm looking to sell Let's take a look at a da Same basic thing here Long term we have a bull flag Looks like this level 1500 Satoshi's Is where it got rejected Um, the support Is 1000 So I think I spoke about this last stream Last stream we're talking about about this And I said how people are taking profit up here at 14 and 15 And I wouldn't enter unless you got down to a thousand So it's almost there I'm not entering this unless it gets down to a thousand. That's my basically my entry point for that And I'll have a stop below it So it's a pretty good trade though if you can if you can get enter anywhere near a thousand right now It's at 1044. So that's pretty close That's already in the range of where I where I'd enter So if I'm looking to enter this and I really want to enter it, I would start entering here 1044 Then I have another entry like a thousand twenty And another one at a thousand and then I have a stop underneath somewhere Because your target your target's gonna be 1100 So that's already 60 away from where you're at 1200 1300 and 1400 15 yeah, so I mean it has a pretty good reward This is this is a pretty good trade to enter at a thousand as close to a thousand as possible So see like you don't have to enter look for new coins or New the new bitcoin you could just look for profitable opportunities where you can enter so if you look at this look how it bounced here boom it bounced from a thousand To third to about 1400 So that's that's a pretty good profit there Then I went back down it tested the same area and it bounced from here so The same area to 1400 again went back down and it bounced all the way up to what 2000 probably close to 2000 That's a that's a hundred percent profit there So if it did it here, it could definitely do it here again So went that as close as possible to a thousand satoshis is a good entry Let's see it against usd You have a bull flag Basically the same thing here you're looking to enter it as close to 12 cents as possible So 12 cents is where you want to enter You want to have a stop at around 11 cents and a half um and your target is going to be every every one cent so 13 14 15 16 17 So you could definitely enter here at 12 cents and make a nice profit Long term we're talking about, you know, it was all the way to 35 cents All the way to a dollar So there's a lot of potential here There's cardano Take a look at link Look at this big red candle See how there's not that much History to go off of so this is since it's a new coin. It's not it's not enough To really go off of you know, like right here like we're just up in the air right now We don't know where this is going because history doesn't tell us anything So we just have to look at immediate history, which is usually not as uh, Not as good as you know information But uh, we talked about these levels Last week I told you guys around 13 To 14 And look where it dropped to 30 exactly 13. Look at this So I know we we got in around 14 ish But it did drop all the way to 13, which is exactly where we told you guys to enter We told you guys not to enter up here. We spoke about this So that was this is a perfect call Hopefully you guys entered did anybody get in on that trade look at tezzels For some reason, uh, youtube loves tezzel So we're gonna be looking at tezzels as well. I need some water run out of water All right, so we're at 1362 right now This is the same thing we told you guys not to enter up here. It was too high already. He's got to wait for a pull back Um, I think we told you guys around this level. I don't remember exactly where we told you guys last time But 330 was definitely an entry and that's exactly where it went down to Look at it 330 right here 330 right here 330 right there 330 so history you see all history told us A lot about that number when a number keeps popping up like that in a chart That's a number you got to pay attention to So 330 is the entry if you're looking right now. So at 362 you're looking to enter enter 330 ish Is your entry? um other than that I wouldn't really enter anywhere here Maybe if you want to try a breakout entry above around four dollars. That's riskier Um, but viable it does have somewhat of a bull flag form But it might be invalid with this big drop here We have to we have to let it Consolidate a bit more if it can keep consolidating in this range Then it'll be a higher probability trade and we're also currently at the 50 day moving average Oh wait, there's a 20. I think yeah, there's a 20 day moving average 50 is this one right under So if you enter at 330 you're looking to sell Around four dollars close to four dollars is possible. Your next target is going to be around 420 ish Your next target we're talking about 450 Look at your three targets Your stop has to be around See that's why I want to enter at 330 So I can have a stop under 320 If you enter here that's a wide stop So I don't recommend entering here Need a pullback or a breakout Let's see what we got here. So I'm already looking at this level. Let me go See what else so this is definitely an area See it's look all this This wide range right here And then it's kind of basically doing the same thing here very wide range So we're talking about A low of about 17 dollars And a high of 30 dollars So that's a it's a pretty big range Um, if I'm entering this so let's let's see down here. Let's see where it went down to After last time I hit this area Drop down to eight dollars So we're in the eight seven to eight dollar range Went up to 20 dropped back down This one dropped way down This was in march. Okay, everything dropped in march Dropped to five and it's just been up since then So anybody who bought down here At five Five times their money at 25 So they bought the they bought at five. They're definitely something at 25. That's five times their money. Um But the most likely spot was eight dollars here So so check out this big support right here, right? So I'm always telling you like to pay attention to where where professionals are are buying where that support is So eight dollars is where a lot of people probably entered And the rejection was that Let me see This first rejection here was at 16 dollars. So that's already 100 profit if you entered at eight 16 Then it finally got over but then it got dropped right back down People probably bought around eight again It's also for you So 16 it went over it, but then it dropped right back down. These are 100 profit takers Dropped it back to 16 People bought it back at 16 What is this over here? The high is 26 and the high is 30 It's like Same weird stuff All right, so and then we're currently at 23 so I mean The target's here Well, if I'm entering If I wanted to enter this trade right now Let's zoom in So when creating your plan you always want to Find out where you would enter, right? You want to know where your entry is going to be. That's the first step So I'm entering at 20 dollars. Look at this Strong support 20 dollars a good range Um, and this looks like a another a minor another support right here. So which is 23 dollars So 23 dollars is the first support 20 dollars is probably the next one looks like 21 has some support Each whole number has some support. So these I would say these are minor supports Uh, so 23 22 21 all kind of minor the main one you really want to get into is 20 And even then so at 20 if you enter at 20 You're still looking at about a three dollar risk Because you want to make sure you're not gonna get whipped out It's already gone down here twice It could do it a third time Um, or you can if you want to play it safer You don't want to have a risk. You don't want to risk that much. You could do under 18 50 which is a dollar and a half risk Or if you want to be even safer you could just play below these So 19 dollars. So that's a one dollar risk If you're entering at 20 with a one dollar risk, um, you're looking to hit at least 22 So that's a two to one ratio you could definitely then you're looking at 23 24 dollars 25 They're all like miners, but these are all going to be profit taking spots And then this is all the way to 30, of course 30 is a big whole number So that's another spot where they're going to be taking profit It's also 100 from if you enter that the 15 mark Which is like around this area here that people probably bought Close to that 15 mark. So that's another hundred percent Yeah, man. So 20 is where I'm looking at to enter Your targets are gonna be if if you're currently in a trade I don't know what your entry is at. What's your entry chipmunk? Because 25 is probably the next Big area that you'll be looking at and then I'd be aiming for 30 after that But where was your entry entered today at 23? Yeah, I mean 23 is a is a minor support. So, you know, right here it shows that there's definitely buyers there I just don't like how wide this is. You know what I mean So you have to be careful if you enter at 23 You could probably have a stop under 2180 and you might be all right And you want to hit at least around 25 ish You could hit 30, but Look at this huge Wide thing like that's the thing like it went literally from 20 to 30 And it just dropped so because it it was such a big move It could drop back down to test 20 again So that's why I'm I'm not looking to enter at 23 If you're already in it, I mean you're already in profit Even though it might be small You just set a stop What's this number here 22 22 So there's just also an area you could set a stop under Which was yesterday's low So maybe set a stop under 22 22 It has it's under yesterday's low and it has a 20 day moving average So that's giving you about an 80 cent Risk for a two dollar reward So that's a pretty good risk reward Looking you'll be looking to hit $25 will be your exit I would take profit on 24. Honestly, I'll take Some profits at 24 profits at 25 and then let the rest Ride to see if I can hit 30 30s Basically your your own shop That's pretty much it for that one. You got any questions on that? It does have a very very solid, you know Higher high higher lows going all the way up and it's been it's been pretty healthy just bouncing on that 20 day moving average Except here this word broke it Went back up and it looks like it might be coming back down to test it again The important part is not always Looking it's not always about your entry like obviously your entry is what makes the difference As far as how much profit you can make That that's what the end that's where the entry starts to matter. So in the beginning The entry is not as important as your trading plan Your trading plan is the most the single most important thing you can do If you don't have a trading plan, you can't be profitable If you're if you have a trading plan And if you're even making bad entries as long as you're consistently following your trading plan You can still be profitable. You just won't be that profitable. Does that make sense? You'll be more like uh in the break even to you know, barely profitable area so you could Just by having a trading plan you could you won't go broke though. You'll never go broke. So you'll you'll be break even to some profits, you know um Which is great, you know, when you're when you're when you're starting That's a great zone to be in um Then what what When that gap comes in between, you know, the the difference between someone who's very very profitable and someone who's Just break even to barely profitable Then comes in, you know, the entry and the more the more, you know intricate details But uh, but yeah, the trading plan is the most the most important thing So as long as you're approaching it with the trading plan every time um, you're fine Just just work on adding your you know, that those perfect entries and no entry is ever is ever going to be perfect There's no such thing as a perfect entry Yeah, man simple is simple is the best way to approach this I see a lot of a lot of people like to to over complicate it Just because it looks a lot cooler, I guess um Also the guru gurus or whatever They like to make it seem way more complicated than it is so that they can sell you a you know $10,000 course or whatever so What's up guys you guys made it to the end of the video appreciate you guys if you made it all the way through man Thank you again. 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