hello gurus and welcome to another episode i hope you're having a beautiful day we're going
to jump into the chance for bitcoin ethereum i'm going to show you where i would be opening trades
and what i think is going to happen make sure you hit the subscribe button join 74 000 people
smash up the thumbs up button let's jump into the technicals for bitcoin now i'm going to
trades and what i think is going to happen in the market we're going straight into bitcoin
i want to do a quick video right now bitcoin sitting between the channel at the upper end
of the channel now which is interesting this channel 28 531 30 600 it's been channeling but
now we're sitting towards the upside of it and we're building pressure within a symmetrical
triangle that should be breaking by around twelfth of june my target is thirty five thousand
i did have some trade a trade trying to open here i'm down at 28 500 but it doesn't look
like bitcoin is coming down there which is interesting i still think we could get
a quick dump so i'm going to set a trade i'm going to move up the trade for bitcoin
um and the target will be the up of the upper end of this ascending triangle um sorry the upper end
of this symmetrical wedge symmetrical triangle so it builds pressure and then has a big explosion
to the base of that triangle this distance here so i'm expecting that bitcoin will come to the
upper end of this channel which will be 35 000 around here 35 000 so this is where i'm going to
open the trade now i'm going to set this trade for bitcoin at the weekly support so there actually no
at the bottom of this here so i'm going to open the trade i'm going to move the trade opening
price to 29 500 the stop loss will be at 28 500 and the take profit will be 35 000 which gives me
a nice risk to reward 5.42 risking thousand dollars to make five thousand four hundred
dollars so every thousand dollars at risk my goal is to make five thousand four hundred and ninety
one dollars if i use 10x leverage that's fifty fifty four thousand dollars if you wanna trade
like you're seeing me do underneath this video in the description you can comment sign up to
buy bit and you get a 4 600 us dollar bonus when you sign up to buy bin and start trading nordvpn
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the world's uh you join my trading team so over on buy bit i've got 187 000 in here i've got this
bitcoin trades set at 28 500 but i'm going to move up the order price um to trigger earlier so
it's going to trigger at that that support 29 500 because i do think bitcoin here could be breaking
to the upside of this symmetrical triangle but we did have a few pullbacks to this support so 29
200 the trade will open so i'm going to open it now at 29 200. so it's opening earlier
and i'm going to make the order quality quantity 0.3 bitcoin so it'll be around a with 5x leverage
how much is that with 5x leverage 29200 with 5x leverage that would be around um
5x leverage hold on let's do an order cost so if i want to open 0.3 bitcoin with 5x leverage 0.3
at 29 200 it will be a 629 200 it will be an 8 dollar trade hmm do i wanna make a big trade as
now i'm going to set it a bit differently so i'm going to make i'll do it one thousand dollar 10x
5x leverage trade so order cost actually let's do two yeah one thousand dollars at twenty nine
thousand two hundred so that's a five x leverage trade so that'll be a five thousand dollar trade
at twenty nine thousand two hundred open long confirm so that order is set now and i'm going
to set the take profit and the stop loss for this trade so the take profit of this trade will be at
35 000 and the stop loss will be at 28 200. so 35 thousand 28 thousand five hundred so i'm risking
119 dollars to make 986 dollars confirm that trade is now set now let's look at ethereum and see
what's going to be happening for ethereum um and if you want to request any cryptos let me know in
the description and the pink comment so now we're going to look at ethereum ethereum is balanced off
that strong support at 1700 on the weekly ethereum is very oversold on the stochastic which is very
nice to see actually on the squeeze mob i mean on stochastic on rsi very also oversold on the weekly
on the squeeze map it's still going to the red side so it could have more of a pullback but it's
it's really holding well here at this 1700 on the daily oversold turning up rsi is
also oversaw turning up squeeze mob is also going to the green side so um ethereum could
have a little bit of a run here we're sitting right underneath on top of the weekly support
we're below the ema ribbons the crypto group still showing a cell the bitcoin indicator bot
still showing the cell also for the ethereum so where would i open the trade for ethereum
let's see if we see any patterns the main area of support for ethereum is actually um here on the
the main area of support will be actually right here at at 700 but we've had multiple attempts to
break it look at that many many attempts to break it um we had it back here in in april of 2021 it
came down after and bounce off of 1700 balance of 1700 balance of 17 went for a massive run all the
way to 4 000 came down bounce 2 000 then 1700 1700 so multiple bounces especially the last few days
look at that and it does most likely it looks like it's trying to turn up but that many times
attempting it i wonder if it can really bounce off here on the four hourly it's also heading
up on the four hourly the pattern looks let's see this seems to be a pattern playing out here
let's see what i can what i can see we've got a kind of symmetrical triangle playing here on
ethereum as well everyone seeing this we've got it here as well you learn technical analysis in the
crypto course you can join my 6 000 students so we've got a kind of descending wedge a descending
triangle actually which is a bullish pattern this is a descending triangle and that's bullish
it breaks to the base of the pattern so the base of the triangle so ethereum could really be going
for a run here the target of this breakout would be this resistance up here so 2100 for ethereum
so i might actually set a small trade here with a very tight stop loss below that support that
it's multiple times held on on the 1708 so i'm going to open along with the toggle of 2158
so i'm going to open a long on ethereum 2000 i'm going to do 1 000 long at 2 100 uh 2
158 1 000 long it it's gonna no wait the target will be 2158 so i'm going to open along right now
with the take profit at 2158 and the stop loss will be to at 17 the stop loss will be below here
at one six eight eight one six eight eight so i'm risking three hundred and forty dollars to make
951 dollars really nice risk to reward confirm so i'm going to open a trade right will it pull back
let's go into the shorter time frame for ethereum i'm going to upload this video quickly so you can
see on the hourly we're also building pressure here for a big movement stochastic heading up
rsi heading up squeeze mob going to the red but finishing on the four hour least rsi is oversold
heading up stochastic it looks good i'm going to actually i'm going to open this trade right
now on ethereum so 1813 so i'm opening now a thousand dollar trade take profit at 2158
done that trade is now open for ethereum so i've got this ethereum trade open already
it's around a that trade is now set it's a one thousand dollar trade so five thousand dollars
total trade and i've got this bitcoin trade that's ready to go so that's bitcoin ethereum let's look
at also salaam you can trade all of these on baby solana also i'm liking down here solana at 39
wow solana had a big pump up five percent today solana on the four hourly also looking good it's
holding on this support really strongly done at the 37 dollar mark stochastic oversold heading
up rsi heading up squeeze mob going to the green so solana is looking really nice also
you get these indicators in the crypto master cores and it's also making a
a descending triangle pattern look at this on solana
we've got a kind of descending triangle pattern here
and the target will be if it breaks above for solana you need to wait i'm not going to open this
trade because i don't really trade maybe i would actually the target would actually be the top of
this 58 mark but to get a confirmation it needs to break above um break out five four dollars bounce
with volume and then the target will be fifty eight dollars you can also trade solana um once
it confirms so i'm going to set an alert once it confirms i'll open this trade so i'm going to add
an alert for solana at 42. when it confirms that breakout with a bounce then i'm going to open the
trade 58 dollars will be the target so those are my trades again all that trading you do on baby
the link is down below in the description comment ping comment you get that 4 600 bonus when you
sign up to buy it and start trading and you join my ws ot trading competition team where you can
make eight million dollars we've got to become the best trading team thank you for watching everyone
those are my trades that's what i think is happening in the market hit the subscribe button
smash that thumbs up button this is james from crypto group and i'll see you all again tomorrow