hello gurus welcome to another episode i hope you're having an amazing day
hit the subscribe button join 74 000 people smash up thumbs up button we're going to jump into the
charts for bitcoin see what's going to happen on the technical and also going to show you my trades
quick video looking at bitcoin not much happening in the markets i've been buying stocks facebook um
yesterday dropped a lot on the news that snapchat dropped thirty percent facebook dropped seven
percent so i've got an order in pre-market to be buying if you follow my live trades let's jump
into technicals for bitcoin now straight in i want to make this very quick video on the four hourly
charts bitcoin is staying within this channel that i've been talking about for the last two weeks
bouncing between now the channel is actually getting tighter thirty thousand six hundred
twenty eight thousand six hundred so it's around the two thousand dollar movement
um that bitcoin's just been channeling in for the last two weeks you're seeing bitcoin move here
two thousand dollar movements pretty much for the last two weeks up and then down up and down
um at the peak here everyone goes bull market oh my god full bullish to the moon to the moon
and when it comes down here everyone on twitter everywhere around the world is going oh no
it's a scam it's a scam but really it's just been moving sideways for two weeks so it doesn't need
to get too um people don't need to get too crazy on the four hourly stochastic is oversold rsi is
heading up oversold squeeze mob going towards the green side um ema ribbons we got rejected
again through the ema ribbons it's not letting us through crypto guru but still showing a sell
bitcoin indicator bot still showing a cell here on the hourly on the one on the four hourly on the
hourly um we're getting support on the daily we have a strong support here at 29 900. stochastic
is heading up so on the four hourly stochastic and rsi are heading up and on the hourly so i'd
actually be going long here on bitcoin um i'm going to show you where i would open a trade so
i would go long here i'm going to add more to my trade position opening along on bitcoin
but i'm going to show you how to open trade and then where i would open and trade if you want to
trade like you're going to see me do underneath this video um in the description and the ping
comment if you go down below you can sign up to buy bit and you get 4 600 us dollars worth of sign
up bonuses when you start trading on buybit 4 600 us dollars when you deposit bitcoin start trading
nordvpn if you have any country restrictions by bit is the main exchange that i use this gives
you this trading software in this account i have 191 thousand six hundred and ninety dollars um
i'm holding bit dow forty one thousand i'm holding crv thirty six thousand down ten percent a big hit
i'm holding one bitcoin in here and i've got around 75 000 usdt my bitcoin trade is currently
down 110 dollars it's a 5 000 trade 25 000 worth of bitcoin so i'd add a little bit more to the
trade here um at this price to start heading up so i'm going to show you i think we're going to
be going up so add more to the trade here stop loss again below this support 28
500 this channel just below this channel and take profit at the top of the channel 30 600 so that
gives us a risk reward ratio of two point five two we're risking six hundred dollars to make
one thousand five hundred dollars on leverage 10x leverage oh that was weird it just erased
my trade 10x leverage will be um so risking 600 to make 1 500 10x leverage i'll be making 15 000
profits 100x leverage 150 000 profit so i would add to the long i'm going to add another 500
to the long here um i'll set the long at this daily support at 28 29 098 actually no it's 20
yes 29 098 stop loss is at 28 500 29 000.98 that's where i'll buy twenty nine thousand
nine twenty nine thousand ninety eight right twenty nine thousand ninety eight yep opening
along at another five hundred dollars so the trade will only open when we get down
to twenty nine thousand ninety eight or buy another you add another five thousand dollar
or twenty two thousand five hundred to this twenty five thousand dollar trade so that's the long that
i'll take on bitcoin over on bibit that's my trade it's just a quick update in and again everyone's
panicking going crazy every time bitcoins making this movement but you can clearly see
that we've just been in this channel for bitcoin for a while if it does break below here then the
major support i do expect that we did bottom here at 26 500. so if we do come down there i do expect
that would be a double bottom and we do something like this but at the moment until this channel
breaks we've respected it it's been two weeks in here or actually it's it started this channel
um what day did it start this channel it started this channel on the 12th of may so it's been yeah
more than two weeks it's been around it entered this channel infoline it entered this channel
here so about two weeks ago or 11 days ago it entered the channel two weeks ago 14 day
13 days and two hours ago so that's my trades that's what i think is happening with bitcoin
again using buy bit you get that 4 600 bonus um thank you for watching everyone hit the subscribe
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who got people to subscribe to the channel thank you for watching this
is james from crypto grew a quick update on bitcoin and i'll see you all again tomorrow