with crypto we're getting serious no not delirious
and when we put our minds together it will carry us up to the top we got to rock with btc ethereum
and you don't stop to learn this lesson and let us all win have a seat and let this class begin
all right welcome to coin market cap this is another episode of precision trading
what happened in the last couple of weeks there were some good buying opportunities did you take
advantage of that if you did congratulations if not let's talk about it but before we talk
about it do me a favor hit that subscribe button and if you've subscribed then do
me another favor and hit that like button and let's get involved let's get into it
my favorite spot you know the spot i like coin market cap with all the info all the 4-1-1
all right looking quickly at the bitcoin chart i got some spots lined up already i want to
go back a little two weeks back to be precise and see if you guys saw that opportunity
to get in i put this fibonacci chart up here where you can see prices came back
came down with this buy setup with these three bars down to this 50
retracement line almost hitting the 62 retracement line that's a good setup
but things got a little bit cloudy a little bit muddy when prices bounced up and started
going up and down creating some kind of support right on our retracement level that's when i
started thinking i hope people saw this now when i say got a little cloudy little muddy you can
see after this buy setup there wasn't a clear setup so what i did was i went in or i zoomed in
let's take a look at the four hour chart and see what it looked like as you can see back here on
september 22nd you can see prices did a a buy setup and then we see prices bouncing up and
down creating some kind of support with these bottom entails you know that lesson we talked
about last time bottoming tails the slowing of momentum that's what gave me the clue like hey
something's going on here and then you can see right before the prices blasted off we could see
a buy setup on the four-hour chart did you see this look at this prices came down did a small
bottoming tail prices momentum slowed right on support and then we can see this wide range bar
right here delicious gang did you see that it's okay if you didn't see that
remember put that in your memory banks this is so crucial this is a great buying opportunity now
notice what we did here we started off with the day chart we saw there is a possible opportunity
prices are bouncing off of this line of support so we zoomed on in with the four-hour chart so i'll
buy setup how about if you missed that i would zoom on in once again taking a look at the one
hour chart we could see the decision was clear to go along we have a buy setup with some bottoming
tails the momentum is slowing hitting that line of support and also hitting that retracement line
let's quickly take a look at the ethereum chart i got things set up here this time i put in the
moving averages we can see prices basically the same thing as bitcoin prices dropped down did a
buy set up almost hitting that 62 retracement line almost hitting the 200 moving average
prices jumped up creating this line of support so basically did the same thing and as we zoom on in
for our chart we could see there was a there was a setup well actually it was a little bit muddy here
taking a look at the ethereum i would have zoomed on in if things got a little
muddy i would zoom on into the one hour chart see if things got clear and yes
it did we'll see that prices did a buy set up here with bottoming tails
narrow range bars slowing momentum right here on the line of support just great opportunities
okay now let's take a quick look at ethereum on the day chart we can see that prices
have moved up last couple of weeks here hitting a line of resistance right here at that 3692
resistance line also hitting or almost hitting that 78 retracement line we have a slowing of
momentum don't be surprised to see prices possibly pause here take a a break or even pull back to the
moving average we have a rising moving average at the moment what do i expect i do expect
more up movement from ethereum now let's take a quick look at bitcoin on the day chart now bitcoin
on the day chart has also moved up and hit that 78 retracement line or just about we have four green
bars going up and some narrow range bars what does that mean we already know it's a slowing
of momentum if i'm a short-term trader i could put a stop loss just underneath that slowing
or underneath those narrow range bars or you could wait for a pullback don't be surprised if prices
pull back to that moving average i still feel things are looking bullish for for the crypto
markets let's look at the weekly chart we can see right here that prices have blasted through this
resistance of what is that here that's 52.7 k mark looking really bullish after jumping off of that
moving average we have a rising moving average which is typically a very bullish indication
what do we have next we have still some lines of resistance it's got to break through that 7
8 retracement line and what's next at 79.5 k line and last but not least that's 64.5 k typically the
crypto markets are bullish in october november december typically so i'm not i'm i have a
bullish settlement we have also the crypto markets ignoring bearish news bitcoin ignored the china
flood we have the fed trying to put a clamp down on certain aspects of cryptocurrencies it's like
the pro the markets are ignoring that and they're keep they keep moving up that's a very bullish
sign but like i said don't be surprised if we see a pullback in the markets but long term
fire okay now let's cultivate more tools to help us get more precise in regards to entering the
market one of the tools that i love to use is the wide range bar let's start off for an example with
bitcoin on the four hour chart we see some clear indications of wide range bars right over here
on september 20th we have a wide range bar in comparison to its previous narrow range bars
igniting a move to the downward side or the downward momentum and here we have on
september 24th a wide range bar with a bit of a narrow range body around it signaling
an n to the downward movement and then price is consolidated and right here on that september 30th
as i talked about previously that wide range bar igniting a move upward so this is a great example
of a wide range bar look at this on that september 30th those prior bars were small smaller in size
in comparison to that ignition upward even on ethereum we still have the same kind of setup
we're using the four hour bar here or the four hour chart and once again right over
here is september 20th we have that wide range bar igniting move downwards and then on september 24th
a wide range bar ending the downward movement consolidation on that support line
and then an ignition to the upward movement breaking through this moving average or these
moving averages right here you can use this on all time frames one hour four hour the day chart
15-minute chart notice how we use this in tandem with a snow a slow slowing in momentum
a slowing of momentum with the narrow range bars and then an ignition moving in the direction
that we wanted to move in in this example ethereum moving upward so this is a great great example of
how to get into a trade well i'm that guy j sharp and once again i pass the challenge on to you
to get as many people to understand this great world of crypto and its huge potential especially
in the coming months can be massive so let's share this with a friend family members get them
to subscribe if you have any other questions about crypto just ask alex the link is listed down below
so love peace and hear greece deuces