all right it is time to start talking
about cryptocurrencies again because we
did hit the bottom and we are on our way
up for example ethereum is up 50
in the last 15 days and for those who
love shiba inu like i do it is up 114
in the last 15 days let's talk about it
[Music]
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 so a majority of you
guys that are subscribed to this channel
and watch these videos religiously
remember this video where i said this
what's your liquidity zone where is
there nothing underneath except for
buyers and or people cutting their
losses right here
so
that's why i'm expecting a small wick
and a shoot up so when i made that video
i was not expecting ethereum to drop
down that far but i was expecting this
liquidity zone to get hit so i actually
placed a buy order at two thousand five
hundred dollars it actually went all the
way down to
2170 which
yeah it hurt a lot of people but now it
has broken that down trend that i have
shown before
and it is on his way up it is currently
at a support and resistance zone so we
might possibly see a rejection here and
then it working its way up through the
ladder system you guys know how i like
to trade sport and resistance and trends
so we are waiting for a pullback before
we can actually draw a concrete trend
line as you can see from the bottom
right here ethereum is up 50 percent in
the last 15 days which is really really
nice especially if you got in at 2
170
but i'm not nostradamus and i don't
think many people are so that was a
great call if you got in right at that
price i got in on this big candle right
here because i didn't think it was gonna
go further down than that but it did
that was about 18 days ago and i bought
six ethereum now if you guys are
wondering what i have here this is the
rsi and yes you can draw trend lines on
the rsi and you can see that that point
was broken right here before it actually
broke the trend line so i knew it was
going to have a nice push up to or past
that trend line let me show you where it
crossed right here with a vertical line
and you can see it was before that
trendline cross so immediately we
already had that momentum breaking the
trend line on the rsi which then broke
the trend line of price action both of
those things are extremely bullish
sentiments and it should continue up in
the near future if we look at this trend
line that it's on right now something
like this ish
it could actually pull back to like the
2800 just under 3 000 and then it should
continue up but one of the things that i
wanted to talk about was in the last 17
days
shiba inu is actually up 114
which is a massive amount of money
especially considering that it has also
broken the trend line and i think if i
looked at every other cryptocurrency
right now that i talked about in that
previous video which you should watch
after this one to show what i was
talking about but i'm pretty sure that
every one of them is gonna be going on
an upwards climb now all the fear panic
fud everything that people have been
talking about liquidating people's
assets getting rid of the weak hands
those paper hands that can't hold a
position passed a massive dip that we
just had all of these cryptocurrencies
should be heading towards their highest
price so you're looking at hundreds of
percent on shiba inu you're looking at
an additional 54
on ethereum or if you caught that whole
move that's a total of 126. bitcoin has
also broken and retested its trend line
with a massive candle and you guys know
i love to trade those big ass candles
but i invest in bitcoin every single
friday religiously so that's a moot
point solano also has broken its trend
line with a big fat engulfing candle
which is nice to see dogecoin actually
broke its trend line a while ago but
then retested and now is on his way up
so you're looking at an additional 341
this is your long-term profit goal it's
not gonna hit this in the next 24 hours
it may take a month it may take three
months i don't know it's got to do this
on an uptrend without breaking momentum
without some random crazy news coming
out without elon musk tweeting about
some [ __ ] we have to maintain an upwards
trend so once cryptos have their first
pullback which might happen at this
current support level wait for a trend
line to be formed and a rejection going
upwards then just follow that trend line
just like we did on the way down you can
see clear rejections lots of wicks clear
rejections lots of wicks big engulfing
candle rejection down we are finally
broken through that trend line so what
we're looking for is this market
structure higher lows and higher highs
and when you're testing support and
resistance zones as well as trend lines
like this area right here and this area
right here those are great buy
opportunities with very little draw down
again polka dot is looking at another
141 percent increase xrp which i still
don't like but they're getting out of
their lawsuit and all of that stuff is
clearing up so it should get some nice
bullish momentum here
still not a long-term crypto investment
for me personally when you're looking at
cardano this is the one that i'm most
concerned with because it has the most
hype as ethereum's competitor but it has
a tendency to really fool people with
these traps if you can see this trend
line right here
massive massive wick and trap right here
another wick and trap a huge one right
here and now it is broken that trend
line so this one i would be cautious
with i do believe in cardano i invested
in this thing when it was sub 10 cents
but yeah just be careful with long
positions especially if you're leveraged
trading because it might actually come
back to test that trend line one more
time i'm not sure so essentially i
really hope that you guys listen to my
videos about cryptocurrencies and
staying calm and buying dips at certain
times and just holding until you are in
profit because cryptocurrencies are
still in their adolescent stages
long-term investing in cryptocurrency is
always going to be a good idea so buy
and hold when you see a massive dip if
it dips more by the dip of the dippity
dip so if you have not actually seen
that video that i recorded previously
i explain how calm your mentality should
be about crypto currencies and riding
the storms and whatever long-term
investing and how you should plan out
your investment portfolio when it comes
to the world of cryptocurrencies you can
check out that video right here and if
you guys enjoyed this video and you like
the way that i teach you like the way
that i explain things please consider
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there thanks so much for watching and
we'll see you in the next video