so it's come to my attention that the
cryptocurrency markets are crashing the
entire financial infrastructure of the
entire world is going to
and we are all going to burn that's
basically the narrative that i'm getting
from all of these youtuber thumbnails of
them having like this face while they're
making these like viral sensation you
know bitcoins crashing run for your
lives videos but i'm here to put a
little bit of perspective on that
[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 think
about this in 2018 when bitcoin was at
its peak and everyone's like losing
their crap over bitcoin and how amazing
it is
bitcoin dropped 70
in a matter of 50 days at that point
everybody was like bitcoin is a scam it
is the worst thing known to mankind that
was a big crash
70
in 50 days is huge but if you take it
into perspective and you look at the
fact that bitcoin was at twenty thousand
dollars and it dropped thirteen thousand
two hundred and twenty three dollars
versus the huge dump that we had
recently where it dropped 55 in a matter
of 70 days with a loss of 35
948 dollars
you get a little bit jaded the panic the
sensationalism the fud the fear
uncertainty and doubt that all of these
people that claim to know what the
markets are gonna do and when they're
crashing and how much they're gonna
crash all of that always comes at the
very tail end of the market crash the
psychological threshold of the everyday
normal person holding their bitcoin or
ethereum or what have you they start to
get infected by that sensationalism
actually causing them to liquidate all
of their assets and what that does is
create a massive amount of liquidity
for people who have capital ready to go
that final point of the drop where the
sensationalism and fud gets so
unbearable that everybody sells off and
at that point the market is very liquid
primed for a fresh buy-up and what does
it do immediately after it shoots
straight back up to the point that it
was at before that drop right here of 55
was completely dismissed within 80 days
where bitcoin gained 120
so when the sensationalism and fear
panic and anxiety is rampant among all
of the youtubers in every video and
every article and every news broadcast
channel that you watch
that's when you should be buying that's
going to be your best return on
investment and the best point of entry
but if you guys have noticed here i have
this out on the weekly candlestick chart
that means that every one of these
candlesticks is one week and like i've
told you in 900 of my videos
follow the trend line the trend line
broke it retested and it rejected at
this point it was very clear what was
going to happen so for those that are
investing in cryptocurrency long term
and they keep buying up bitcoin or
ethereum
don't sell your actual bitcoin or
ethereum what you should be doing during
this down phase is working really hard
at your normal job or selling it on
amazon or ebay or garage saleing or
whatever and getting as much capital as
you can because you need to watch the
markets and watch the sensationalism and
when you think it's at the oh my god
like i want to sell my bitcoin that's
when you should just flip the script and
spend all of your savings that you spent
time acquiring and get some more dollar
cost averaging your entire crypto
portfolio the only time i sell any of my
cryptocurrencies is when i need some
quick cash and i have no other liquid
assets so i sell off just a little bit
take out the money and buy whatever i
need to buy the rest of it i'm just
buying every fud phase every panic phase
so when you go on youtube and you see 90
videos that day of people's thumbnails
like this
the more prevalent that becomes that's
literally your market indication of like
i should probably buy some right now not
what the narrative is telling you to
sell because the markets are crashing so
now that we've got that out of the way
let's look at bitcoin right now we have
broken the trend line and we have not
come back up to retest but you also have
to keep in mind key levels of support
and resistance when you're looking at
long-term trading any cryptocurrency any
asset in the crypto space you need to
look at where the price has rejected
came up here rejected broke through came
down here consolidation at this level
came down here tested as support and
came up so now we've broken this trend
line there are two scenarios right here
both of which end in a higher priced
bitcoin we can either come back up and
re-test this trend line and come down to
here or immediately go down to here and
start going up why these lines are so
wavy i don't know but what's most likely
going to happen is it's going to touch
this level again that's not me saying
that the markets are crashing that's me
saying that the price is going to go
down to a level of known support and
probably use that level of support to
push the price back up but what most
retail day traders are going to do
is sell at this point hoping that they
can buy back at this point and make a
profit but what usually happens is they
sell right there then the price goes
back up to here and then they buy back
in and then the market comes down to
here and then they sell off so they lost
twice instead of waiting until it gets
to this level and then just buying some
more so what i would do the smart move
is to go on to binance or to coinbase or
wherever you like to buy your
cryptocurrencies
and put in a buy order of however much
you want to invest at 40 000
then go live your life as you normally
do then eventually that is going to get
fulfilled and then the price is going to
go up and
100 guaranteed the price is going to go
up to the previous high so if you buy at
40 000
and you just let it ride up to the
previous high you're looking at a 74 and
a half percent gain on your investment
just looking at perspective to see how
the up and downs were going here
maybe about 100 days now if you're
looking at ethereum this is the level
that you're going to want to look out
for is the
200 mark
and or the 2 900 mark most likely the 2
900. but like i said before
don't be all gung-ho and then you know
sell off here and try to buy back here
because most likely what's going to
happen is it's going to come up and test
that trend line and then come down that
double whammy
literally is the thing that makes people
lose so much money it's not even funny
anyway
basically what i'm trying to convey here
is that i have a metric ton of
cryptocurrencies
and i am not freaking out i'm just
looking for other buying opportunities
so even when the market does dump you
know a thousand
two thousand points in one day
i'm not stressed i'm looking at key
levels of support and resistance so that
i can know where i can buy more because
i know that all of my cryptocurrency
investment is most likely going to go to
my daughter when she's in her 20s and
she's going to be set for life and the
work that i'm doing now and you know
learning this and day trading and all of
that it helps me make more educated more
logical less panicked decisions but
unfortunately we do live in a society
that loves sensationalism
and that's probably why the thumbnail of
this video is one of those like bitcoin
is crashing things because i need them
clicks to get them views and if you want
to really not be freaked out by all
these big red candles
turn your chart into a line chart you
can clearly see this is a level of
support this is a level of support and
this is a level of support so if price
is coming down it's most likely going to
go to that level of support which is at
42
900. if you have a tendency to get
psyched out by the market and the
different candle colors or whatever just
change your candle colors to something
less aggressive or change it to a line
chart and it's not just forex it's not
just crypto it's not whatever like this
works for everything guys if you're you
know looking at tesla and levels of
support like just make a line chart and
this is very very clear to see where the
levels are you know these are the levels
that you should be keeping in mind so if
price is coming down
look for your buying opportunities when
you're doing investing like people that
are getting into cryptocurrencies are
investing in long-term investments so
where should your buying opportunities
be they should be at these levels not
you know here because everyone's saying
like bitcoins going crazy when you're
getting a bunch of those videos that
says like bitcoin to the moon or bitcoin
is gonna overtake gold or ethereum's
gonna overtake bitcoin at those points
is the worst time to buy
cryptocurrencies you're getting it in at
the peak of the hype and you're just
gonna you know start losing money as the
price goes down and you're gonna be
there like scratching your head like
like i shouldn't have done that maybe i
should sell off or whatever like that's
emotionally driven investment decision
making which is illogical none of your
investment decision making skills should
be based on emotion they should be based
on these yellow lines and this blue line
get emotion out of the game stop being
so emotional this works on high time
frames this works on low time frames but
when you're long-term investing
all you should be thinking about is
making money at your normal day job or
if you're day trading scalping the
markets or whatever and building up that
capital
to put in to a bigger asset because my
goal in my life is not to be a day
trader forever it's to get enough money
to where i have 10 million dollars
invested in
these powerhouses that the entire world
runs off of i'm gonna invest all of my
money into that get paid dividends every
quarter or every year live off of the
dividends while my overall investment
grows until the time that i die and then
my kids can take over my investment and
they're basically going to be trust fund
babies i'm here trying to build an
empire and what that takes is smart
emotionless decision making based on
facts and statistics and that's my
investing advice to you when everyone's
freaking out
buy when everyone's happy as hell
don't buy i really hope you guys enjoyed
this video if you want to see more
videos like this and you really want to
get into day trading check out my
intermediate playlist right here it
talks about all of the day trading
strategies that i've used to be
successful in the markets as well as a
lot of risk management videos if you got
some value out of this video and you
like the way that i teach make sure you
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right here thanks so much for watching
and we'll see you in the next video