when i tell you looking at the youtube
comments on this channel
the amount of people that ask does this
work for crypto
is absolutely insane there's a huge
interest
in trading cryptocurrencies and in this
video
i'm gonna show you how you can day trade
crypto currencies
with leverage without using a
traditional forex broker because
traditional forex brokers
have ridiculous spreads on the price of
these cryptocurrencies like bitcoin
on mine is like a hundred and twenty
dollar spread right now and ethereum is
at least
twenty dollars
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable on a consistent basis
okay when you're buying and selling
stuff there's always a spread the
difference between the buying and the
selling price
this is primarily where the broker makes
their money because cryptocurrencies are
so volatile and the price can spike
up and down at a moment's notice these
forex brokers are giving you
ridiculously huge spreads
currently bitcoin us dollar is a 127
point spread
meaning the difference between buy and
sell is 127
and ethereum is 17 right now meaning
that if i were to buy
ethereum right now the price would have
to go up 17
just for me to be break even on my trade
that whole time i'm negative
that's ridiculous to me and so i've been
looking for different
options on where to trade
cryptocurrencies
at the current market prices with really
really good spreads
i've actually used this platform before
and now it's even better than when i was
using it a year ago
so let's just jump into the computer i'm
going to show you exactly what i'm
talking about
okay so there's two different types of
cryptocurrency exchanges there is a spot
exchange where you actually
buy and invest in crypto like at the
price and there's no leverage or
anything it's just
you're buying like one bitcoin or 10
ethereum then there are derivatives
exchanges and derivatives exchanges
lets you trade on leverage just like
with your forex broker if you have one
to 100 leverage or one to 500 leverage
you can do the same on a derivatives
exchange with cryptocurrencies
the one i'm going to show you guys is
called buy bit if you look at
every single crypto youtuber they are
all
placing trades on by bit reasons because
it is
the most functional and they have
ridiculous volume
every single day the spreads between the
prices of buying and selling
is so tight you can barely squeeze a
finger through it it comes highly
recommended
by a majority of the industry and when i
look at coin market cap
at the top derivatives exchanges it's
number four and has 12 billion dollars
worth of volume
every single 24 hours that's what you
want with the cryptocurrency derivatives
exchange
you want high volume so that all of your
orders
get placed when you place your orders
you don't want to get on some tiny
exchange and wait you know a day for
your order to execute or never be
able to pay out you want somebody
reliable and you want somebody
consistent and you want to use somebody
where everybody uses it all right enough
chat
let's get into the meat of it alright so
this video is not going to be a
step-by-step tutorial on how to navigate
everything on here
i just want to show you the basic
features so that you can get started
and then watch the other eight million
videos that are on youtube teaching you
exactly how to use this
just like any other exchange whether
it's spot or derivatives you can buy
cryptocurrencies directly from it
but the main feature we want to focus on
here is trading now the two main ones i
really want you to focus on
is inverse perpetual and usd perpetual
inverse perpetual is coin margin so
every single time you take profits
you're going to take
profits in that cryptocurrency that you
are
trading so if you're longing bitcoin you
want to earn
bitcoin because you know that price is
going up conversely you're going to use
usd
perpetual when you are shorting any
cryptocurrency
because you don't want to earn bitcoin
while you're shorting it because you
know that the price is going down
so the value of the currency that you're
getting is decreasing in value whereas
usdt
stays the same price now i know that
sounds complicated or whatever but just
look at it this way
if you're shorting bitcoin and you're
earning bitcoin
let's say you short bitcoin right and
you made one bitcoin off of that
transaction
so 34 200. while bitcoin
is tanking and then the next day it's at
30 000.
so instead of earning 34 000 on your
trade you now earned 30
000. so your money is literally
decreasing in value in a bear market
whereas if you did usdt perpetual
you would have gotten that 34 000 and it
would have stayed at that same price
so inverse perpetual you have bitcoin
ethereum eos and xrp
and usdt you have a lot more before we
get into anything else i want to show
you the spread right now
this is the current order books for
buying and selling
and you can see the price difference is
about 50 cents
so in order for your trade to get into
profit you need to get
through the fees only and a 50 cent
spread
on crypto that's absolutely amazing
all right so i'm just going to do a
quick walk through of what you get on
their exchange
so right here there is a chart by
trading view you can add whatever time
frame you want on here one minute three
minutes six
hour one day one week as well as
changing the candlestick type or
whatever but the cool thing is you can
actually add
indicators on here as many as you want
so if you want to do
my smoothed moving average setup you can
actually just add
as many indicators as you want change
all the smoothed moving averages
to how i normally have them in my videos
you have the 21 the 50 and the 200
you can change them any color that you
want slap on an rsi exactly how i have
it normally set up with a line straight
at the 50 level and making it yellow
and if you click on this little show
drawings toolbar it's a tiny little
unnoticeable button you actually get all
of the tools like drawing on the charts
measuring things fibonacci tools
whatever you need is on here so
if you don't want to be switching
between trading view and here you can
actually do
all of it right here and set up the
charts pretty similarly to how you have
them on trading view and here you have
order books here you have people that
are selling bitcoin and here you have
people that are buying bitcoin
there's a different quantity for each
trade like
at this price range there's eight i mean
it's it's moving so fast you can't
really
keep an eye on it and then here on the
right hand side you have your position
tool now there's a few things that i
need to make sure that i cover with you
guys just so you know what's going on
at the top right here there's a button
called cross if you click
cross there's two different types of
leverage on here
before i get into this if you have no
idea how to leverage trade and you are
just getting into cryptocurrencies the
first time or trading for the first time
in your beginner
literally do not go to this website do
not click the links don't do this
until you are fully educated leverage
trading is risky especially on
cryptocurrencies
so there are two different margin modes
isolated margin
means that you can adjust the margin or
leverage on every single trade so say
you want to place a trade for a hundred
dollars
and on that one trade you want to
leverage one to one hundred so your
buying power is 100 x
that one hundred dollars it will only
leverage that one hundred dollars that
you want to place
on that one trade whereas cross if you
start going into drawdown
it will actually use your total balance
for the leverage for that trade i prefer
isolated
just in case you get into a situation
where the trade goes against you
so you can choose leverage anywhere
between 1x all the way up to 100x
on short and long positions and you can
adjust that manually
right here there are also hot keys right
here where you can just long
100x and short 100x so you don't have to
go in and adjust that bar
also the reason why i like buy bit the
most is because
every time you hover over anything on
here it gives you a little
pop-up information window in case you
don't know what it means or you want to
learn more about it so when you want to
open up a trade you can do a limit or
market order if you're scalping and
there's not crazy spikes in the price
like you don't you want to avoid
huge volatility but if it's pretty
consistent at that time you can actually
do market orders
but if you're looking at huge swing
trades between support and resistance
levels
you want to stay with a limit order then
with the limit order you type in the
price that you want to get in
at and the quantity that you want to get
in at now we're looking at usd perpetual
so you're gonna type in the quantity
in bitcoin if you need help with this
check out a calculator online
that will show you current prices of
bitcoin for .001 of bitcoin it's not
that difficult to figure out but
basically if i wanted to
long or short point zero zero one
of a bitcoin right here it shows you my
order value
thirty four dollars and two cents now
you guys know the rule
about proper risk management never ever
ever place a trade
without a take profit and a stop loss
and right here you have two options buy
long with take profit and stop loss and
sell short with take profit and stop
loss
i always suggest people use these two
not only because it's good risk
management but because
buybit also gives you a kickback for
placing those types of orders because
now those take profits and stop losses
are in the order books for everyone to
see you're basically becoming a market
maker
contributing to the market order books
whereas if you just do a market position
you are a market taker just taking off
of the exchange
all right so at this point right now i
mean i would maybe be looking for a buy
to like scalp
up to the next moving average or up to
the previous high point which
right here would be 34 360 and my stop
loss i wouldn't want it to go below this
previous low right here
i know this is on a one minute chart and
i never recommend that to anybody but
i'm good at what i do so i'm not afraid
of like one minute scalping but
if you want more long term positions 15
minute one hour
four hour even the daily chart so say we
are in a downtrend right now
as we are trading below the 50 level
below all the moving averages you want
to be setting your take profit
at previous support and resistance zones
and stop losses
above those previous swing highs now i'm
not
going to touch this trade right now
because this is ridiculous if we look at
the one hour chart
we're forming a double bottom right here
and if this reverses to the upside
then that's going to be a huge
divergence on the rsi as you can see
right there
so if you want to learn all the
strategies of technical analysis and
where the price is going watch
all of my other videos because there's
about 75 of them where i teach you how
to do this stuff
not just speculation on what you hear on
the latest crypto youtuber
so say we do get that divergence right
here we want to get in
on a long position right here targeting
this
next moving average targeting the 200
period moving average
with a stop loss below the swing low you
can put your position tools on here
use the numbers that you see on the
right hand side of the chart right here
and use those as your take profit and
stop loss levels
then you just open along or a short
position your position will be shown
right here
in this area below the chart you'll see
your value entry price liquidation price
which is basically your stop loss if you
type it in manually
margin and unrealized profit and loss so
what i've done is actually reached out
to by bit to get a nice
little package built for you guys
there's a custom referral link
for this platform down in the
description of this video
now i've negotiated with them because
you guys know the mission of this
channel to get everybody profitable as
soon as possible
to teach you all the skills that you
need so that you're a successful day
trader
i don't want to make money off of you
guys and when it comes to affiliate
links
yes i do make some money but i
negotiated with them
and actually decreased my commission
percentage to be able to
increase the bonus that you guys get
when you deposit onto buy bit there's
constantly bonuses on here for deposits
and new users
and right now the one that i've
negotiated is the highest reward
that any new user can get on bybit on
top of all of that if you go to the
rewards hub page
you can see four new signups all the
extra stuff that you get
if you take advantage of every single
one of these it also depends on how much
you deposit i mean if you're depositing
one bitcoin on here
you're gonna get a massive amount of
bonus money in total anybody that signs
up using my link
depending on how much they deposit they
can get a total bonus amount of 1
620 but that's if you're depositing a
lot don't expect that bonus if you're
depositing 100 bucks
so obviously guys know me and i would
not recommend something crappy this is
the
fourth largest derivatives exchange huge
volume every day you're getting a
fantastic
bonus so if you're day trading crypto
currencies on your current broker and
your spreads are ridiculous and you're
looking for a different option
try buy bit play around with the
platform watch some tutorials online
get familiar with it get comfortable
with it because this is going to be one
of the best places to buy
and sell and trade cryptocurrencies on
leverage and if you're new to trading
and you want to learn this technical
analysis stuff
you can start by watching the beginner
playlist on this
channel i think it's linked right there
or if you're a more advanced
trader and you want to learn what i was
talking about with this double bottom
situation on the one hour chart with an
rsi divergence
watch this video right here and if you
guys got some value out of this video
and you like the way that i teach
consider
subscribing to the channel by clicking
this button right here thanks so much
for watching and we'll see you in the
next video