the number one comment slash question i
get on every single video is does this
work on crypto
most of the strategies that i teach on
this channel the answer is no because
cryptos like to go
which hits people's stop losses so in
this video i'm gonna show you a
cryptocurrency trading strategy that
works so incredibly well it's gonna blow
your mind
[Music]
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 day
trading cryptocurrencies and getting in
and out of positions consistently and
constantly
is really really difficult because most
brokers that offer cryptocurrency
trading have ridiculously high spreads
like bitcoin would have a spread of a
hundred dollars and ethereum would have
a spread of twenty dollars you can't
scalp with a spread of a hundred dollars
what you can do however and this works
really really well in a huge bull market
is buy and hold i've made hundreds of
thousands of dollars buying and holding
and when do i buy
let's get into the charts so that i can
show you now if you guys have not
noticed already and you've been living
under a rock and you haven't watched any
of my videos this is the chart of sheba
enew coin price went up like crazy shot
back down and is continuing its journey
upwards this is the world's greatest
acronym you hear it all the time in the
cryptocurrency space this is buy the dip
every time it dips you buy and every
time it will go back up how do you know
when to buy the dip let me introduce you
to my little friend named fibonacci on
the right hand side of your trading view
toolbar the third option down is the gan
and fibonacci tools you're going to
click that pop out arrow and you are
going to select fibonacci retracement
the standard settings for the fibonacci
tool can be useful but i suggest that
you use these take a screenshot adjust
your settings and your colors to look
like this then you can follow along
every time in cryptocurrencies and i
mean i've only seen this not work twice
when you see a massive bull run like
this you click your fibonacci tool and
you put it at the bottom of that run and
you drag it out to the top of that run
my analogy for this is a sprinter
running his ass off
getting tired and taking a break and
then continuing on his journey the price
will either retrace all the way down to
the 5
or the 0.618 essentially the price went
down 50
and or
61.8 percent i highly highly highly
highly highly suggest that nobody
actually day trade cryptocurrency
i really suggest buying the actual
cryptocurrency on an actual
cryptocurrency exchange and actually
having your own private key because if
it's not your key it's not your crypto
buy it on a spa exchange as much as you
possibly can as an investment towards
your future wealth to like really be
filthy disgusting rich when you're older
at either the 0.5 or the .618 level and
you do this
every single time like if you don't have
a huge chunk of money now
you can invest as much as you can now
and then the next time it dips buy it
again and buy it again and buy it again
now while day trading when i see a
retracement on the 50 level i know that
the price is going to come back up to
the peak of where it was at then it will
go to the negative 0.25 and the negative
0.618 eventually i don't know when but
eventually it will you can see it sat
here for a very very long time if you
are day trading however looking for
divergences in price action is gonna be
super clutch to get your best entries
if you guys recall i took this
screenshot put it on my telegram group
when this first little green candle was
formed here is some proof that
screenshot was taken on october 15th at
1 13 pm my time this is what i said the
entry point was and this was the stop
loss very very tight now if we look left
this was the previous high point which
was my price target and if you guys
haven't noticed or haven't been watching
shiba inucoin um it hit my price target
and then some so we had another big huge
spike a nice bull run you guys just
learned about fibonacci let's put it on
there bottom to top of the move and
where did it retrace the point 0.618
then the 0.5 what are my three
subsequent price targets you guys have
it in the settings that's actually kind
of perfect that it played out right
there while i'm recording this video on
october 11th i bought 100 million shib
on october 12th i bought 80 million ship
and when i saw that delicious divergence
after it retraced on the 0.5 level i
bought 311 million ship in total i've
invested approximately twelve thousand
dollars into ship currently my
investment is worth twenty six thousand
eight hundred and sixty nine dollars
that's more than a hundred percent gain
so if you're looking for the best way to
buy cryptocurrencies and the best point
to buy it at you're going to want to
look at fibonacci levels and divergences
and the next fibonacci levels bull runs
can't last forever and they always have
their pullback and that's when you're
going to want to buy don't believe me
think it's only going to work on shib
this is bitcoin on a daily chart this is
the first big run retracement to the 0.5
this is the next big run
retracement to the point five by the dip
at the five this is ethereum went up
retraced at the five the only times that
it does not work is when there's like
catastrophic
fear
like that fud
all over the crypto space so right here
we had ethereum pretty much everything
did this exact same pattern we had the
roll up we had the retrace at the 0.5
rejected off more fud retraced a bit and
then cascaded down so if you bought here
no worries you're still invested in a
great cryptocurrency kept going down and
kept going down
this is literally like black friday sale
everybody's freaking out while you're
just picking up the spare parts here on
the bottom this thing actually went all
the way down to seventeen hundred
dollars from a high of forty three
hundred now with that huge cascade down
that happened recently if you pull the
charts out to the bigger picture and
look at the overall scope of price
action that happened
let's remove this fibonacci retracement
level and let's take this one and look
at the entire run up that it had
everybody was freaking out and everybody
was selling and yet if we look at start
to finish of the big bull run
from bottom to top
it retraced at the 618 and hit that
point
four times now it's back up to its
original mark and if we look at the
negative 0.618
we're looking at sixty six hundred
dollars i have a deep
deep love for all things cryptocurrency
because they've made me so much freaking
money it's ridiculous i had a buddy that
started investing when i first started
making cryptocurrency videos when
bitcoin was at four thousand dollars and
ethereum was eighty nine dollars and he
just kept buying more and more and more
every paycheck buying more and more and
more he invested a total of thirty five
thousand dollars
and his current portfolio is worth over
2 million dollars so i understand
everybody wants to day trade
cryptocurrencies and scalp the markets
and try to make 20 bucks or 100 bucks or
whatever
but the amount of money that you can
make by
buying and holding it that's where the
true wealth comes from you have to think
about the amount of coins that you can
get at that low price and if it goes up
as it continues up and up and up you
have exponential growth with the value
of your coins for example i have half a
billion shiba inu that i invested twelve
thousand dollars in it's already gone up
a hundred percent in like a week
nobody's investments do that i don't see
why it won't easily go another thousand
percent and then way beyond that so my
thirteen thousand dollars is going to
make me another hundred thousand dollars
if you're looking for the perfect crypto
trading strategy it's called buy the dip
at a fibonacci level now if you guys
want to watch my dedicated fibonacci
video it's right there and if you want
to learn about divergences watch this
video you should watch both and if
you've 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