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hey guys welcome to a new
series that
I'm having on this channel
called Andy
learns crypto trading where
I'll be
trying to learn how to
crypto trade and
hopefully make some money
in the process
for those that don't know
I've been into
crypto for a long term
right now for
since the huge run-up that
I had in
January I kind of got
hooked into the
hype and I bought in around
this time I
think at 11 K and I had some
really nice
days or going all the way
up to 19 K but
unfortunately has been just
going down
from that point on and
right now I think
it's a good time to enter
the market and
I really really have found
an interest
in trading not trading
daily but doing
something called the swing
trading and
that's what this video
series is all
gonna be about and I'm
going to update
you guys on exactly the
trades that I'm
doing exactly what I'm
doing
to show you guys what's
possible with
trading and hopefully we
can get some
good trades going hopefully
we can get
some good comments down
below from
people that are more
knowledgeable in
this field than I am and
hopefully we
can help each other out
but that is what that's
what this series
is all about this is not
going to be as
edited as my other videos
I'm just gonna
be talking openly and it
might go on for
a long time so just sit
back relax and
we're going to go into the
first episode
right now so I've already
made two
different trades I'm going
to show you
what those traits are in
just a bit but
what I'm doing on this
channel is swing
trading crypto so there's
two types of
trading day trading and
also swing
trading day trading is when
you usually
when you buy and sell in
the same
they meaning that you go
into the the
charts right here and you
look at the
five minutes and you go
look at this
perfect day to start a
trading trading
crypto but you look at the
daily or you
look at the five minute
chart and you go
and analyze and you sit on
your computer
every hour of the day and do
some
trading I'm not like that I
don't want
to sit on my computer all
day trying to
analyze those very small
movements I'm
more of a hands-off kind of
guy and
passively do some great
trading that
doesn't mean that I have to
sit on my
computer all day just
looking at the
charts and that is what
swing trading is
making me able to do
because swing
trading is basically
trading on the big
swings of Bitcoin the big
swings on
altcoins as well and
usually a swing
trade happens from a week
to a month so
it's not like you have to
sit there all
day you can set up your
trade and that's
what's so great about swing
trading as
well is that you can set up
your system
and when you've done that
you can really
just do you have some stop
losses you
have you'd like you set some
stops I'm
going to show you what
stops I've sat
and sat for my other trades
right now or
a little bit later however
you can set
when you want to take
profit when you
want to sell if it dips
lower how much
you're willing to lose and
this just
gives you more mental and
emotional
stability because I know a
lot of day
traders that trade on a
daily usually
can't sleep they can't do
anything else
then just sit under
computer and when
they're out with their
friends when
they're eating dinner if
they're having
a party they are constantly
worrying
about what's happening with
the price
like for example right now
people are
probably screaming and
saying no ice at
a trade right here and now
I'm longing a
lot of money and
I'm not I'm not one of
those guys I
wanna I want to set up a
system and then
go comfortable in bed to
know that I'm
not losing more than I'm
willing to risk
and all stuff like that
so right here we can see to
start off
with I want to show you my
trades and I
also want to show you the
reasoning
behind why I think the
trades I've done
is fairly good but in order
to
understand why I'm starting
trading
right now is because of the
trend or the
major trend that's
happening in Bitcoin
so as you can see this is
January if we
just loose this boiling a
bend right
here the reasoning that I
wanted to
trade right now is because
hopefully
we've seen a trend reversal
so if we see
this trend line right here
we can see
that this trend line I'm
doing right now
is moving downwards right
and every time
it's trading it has been
stable on this
line it has recovered from
this line and
as you can see here as well
just purely
going downwards and I have
to say I'm
not the best that trading
talked I don't
really know all the words
and all the
different Law Dictionary
words that you
have to say so I'm going to
try and
explain this as simply as
possible and
hopefully through this
series as well I
can learn the technical
terms of all the
things that I'm saying but
at this point
I'm not that good with this
but let's
look at this downtrend line
right here
you can see it's dipping
right here look
at this downtrend line as
well you can
see that it's moving within
these lines
pretty simple right but
what happened in
July and what we can find
very
interesting exactly is that
this trend
line has been not been
follow what I
guess it has been broken
and now we're
moving in a different
direction which in
which is indicated by this
line right
here and hopefully this
represents a
trend reversal we've been
having a huge
bear market right now where
the price
has been moving slowly and
steadily
downwards but now hopefully
this new
line is the new trend line
that we can
look at so for example you
can see right
here that we had a dip
right here which
is the lowest it has been
for a long
time and then we can see a
dip right
here and hopefully what
we're trying to
do right here is for
Bitcoin to hold
this line and not break
through this
line because that will
indicate that
we'll keep going downwards
and we'll
probably end up on this
line right here
again so with that being
said I think
that this is a good time to
enter in the
market it's also a good
time to learn
how to trade in this market
and I can
show you the two trades
that I've done I
did them yesterday and one
of them has
been doing very well the
other one not
too well it hasn't really
moved that
much but I'm gonna show you
those right
now so the first one I'm
doing is Walton
chain and the coins that
I'm trading
it's not about the coins
it's all about
learning the technical
analysis it's all
about learning how to
actually trade
these markets oh just hold
on one second
so as I was saying I'm not
thinking
about just showing you the
coins that
I'm trading and then I'll
just buy these
coins and you'll you'll be
rich or
something like that these
are coins that
I believe in and you have
to do your own
due diligence and look into
the teams
and the technology that you
look for
when you want to trade and
and really
dig into the white paper
and look at the
technology is this meant
for the future
is this meant for the
blockchain
technology so I'm not just
gonna shell
coins this is all about
learning how to
trade and not about which
coin you're
gonna buy or anything like
that but the
coins that I'm trading I
believe in and
I think they have a
potential to be a
long-term candidate usually
I have a
long term hold for some of
these as well
the long term holds has not
been going
too well as you can imagine
but once
again don't look at me and
say oh I'm
gonna buy Walton right now
because it's
probably not gonna be a
good idea just
based upon my opinion but
what we're
looking at right here is
the trade that
I've been doing so right
here you can
see the blue line is where
I entered the
market so I entered
yesterday and as you
can see we're having a
little bit of a
nice run up right here and
the price has
been increasing which is
really nice for
me I mean it means that
I've been doing
a good trade we almost hit
the stop
limit that I have so the
green lines
right here is where I'm
gonna sell so
I've already set up the
selling point
that I where I want to be
selling so I'm
gonna sell 25% of my trade
right here
I'm gonna sell 50% of my
trade right
here and I'm gonna sell 25%
of my trade
right here
now the and also right here
I'm gonna
sell everything if it comes
to this
point I'm gonna sell
everything so I'm
not losing too much if it
were supposed
to go down so if we go here
let's look
at the price range and if
we just go
here if I were to lose I've
been losing
13% if I'm going up to this
point
gaining 18 17 percent 50
about 50 right
here and then a hundred and
twenty-five
percent right here which is
a it's not a
lot to lose but a lot to
gain as you
guys can see this is
something that I'm
hoping that's gonna happen
within the
month so it's a kind of a
longer trade
but that's what swing
trading is all
about and I'm not greedy
when taking
profits so I'm taking
profits really
early on at this point as
well and then
if it goes complete if it
just
skyrockets I can take some
profits right
here as well and and be a
little lucky
so the the the reason that
I wanted to
trade Walton especially is
because you
can see that we have had a
big bear
market in Walton it has
been losing a
lot of its gay
but as you can see we're
hitting the
point of resist or support
the last
support before the huge
run-up right
here meaning that this is
the lowest
point that is in gotten
before that and
now we can see it dipped
below this and
if we check the RSI as well
the RSI was
hugely oversold and people
saw that took
advantage of it and now
it's been rising
again but what I'm hoping
is that since
we have these two points
right now is
that Walton will be holding
its line and
continue to move upwards
and as I've
said before I'm not really
looking for
much more than going up to
this point
right here I maybe it can
go up to this
point I don't want to sell
all my
holdings at this point
because of this
nice-looking support so it
can peak up
to this point right here
and also the
other sign that I saw with
Walton is on
the MACD it's crossing over
so usually
when the orange line
crosses over the
blue line it goes up if we
can see right
here the orange rind klas
crossing over
the blue one and we have an
uptrend
momentum right here as well
crossing and
it's a huge very bullish
sign which I've
been looking at and it's
something that
I'm and it's it's a good
looking sign
so hopefully this trade
will pan out
well I hope it does and
we'll just have
to see how it goes today
it's up 11%
which is super nice we'll
see how it
goes
since the bitcoin is going
rampant right
now maybe we're hitting the
sell maybe
where we're not but that's
that's how
the trade looks the second
trade that
I'm doing done so first of
all I'm I'm
splitting my two hundred
dollars up to
four trades so I'm doing
four different
trades
I'm not putting all my eggs
into two I'm
doing four I don't want to
do more than
four because it's nice to
diversify but
I don't want to like
do a ton of different
trades because
then I'll get like then I'm
not put as
much time into researching
exactly what
I need to do the second one
is basic
attention talking something
I'm very
interested in a basic
attention doesn't
talking is a real really
nice coin I
like it a lot
especially since they're
trying to solve
the problem of personal
data so you can
use basic attention token
to earn money
on YouTube for example
they're highly connected
with a brave
the browser which is a
really really
cool browser you should
look into it if
you haven't heard about it
but it's basically you can
sell your own
data so if Facebook wanted
to take all
your data they'll have to
pay for it if
you want to give money to a
creator on
YouTube you can do that
through brave
browser and not through
advertising
which is uh it's a
revolutionising thing
you should watch my video
about steam it
which pretty much does the
same thing
although brave is a little
bit different
however the reason that I
did trade on
that is because the boiling
of ban was
it was so it was going so
hard into the
boiling ban right here and
then it got
away from the boiling event
the lower
part and I smile now
hopefully trying to
look upwards you can see
this on the
RSIs world RSI is pretty
low however the
RSI on on that hasn't been
that low for
a long time and also the
MACD is looking
pretty good with the
different sign once
again that the orange line
is trying to
cross over the blue line
and hopefully
we can get some uptrend
momentum right
now I'm selling 33% on all
the green
lines right here
and if we look at the price
range we can
see from the blue line
I'm gonna hit it right on
the line right
here and we can see 30
percent about 70
67 and 123 the stop is at a
16% so I
didn't want to set a too
narrow stop
because as you can see that
is very very
volatile so you can see the
candle wicks
right here going in a huge
spread like
for example this one it it
just goes
crazy and these candles
right here as
well so that is very very
volatile and
if you set a stop loss
right here for
example you'll miss out on
the upper end
as well and that's not
something I want
to happen so I tried
setting my
stop-loss pretty pretty low
so I don't
get cut off if that were to
happen
before we had a huge up run
so that's
basically the two two
traits that I have
and I'm hopefully looking
for this to
turn out well I'm gonna
update you guys
so this is the first video
on and he
learns trading I'm gonna do
two other
trades today as well since
bitcoin is
moving down I'm hopefully
gonna take a
look and hopefully maybe
not doing it
today but if we can see
Bitcoin go down
and it can recoup at this
point right
here I might do some more
trading in the
next few days because I
don't want to
get too eager as well and
let my
emotions take me on a take
me on a ride
but it's gonna be exciting
I hope you
guys are excited as well if
you've been
wanting to get into crypto
trading or if
you're interested in crypto
trading this
can be something
introducing you to the
crypto space or to trading
in general so
that's gonna be the video
thank you so
much for watching
the playlist should be at
the end if
you're watching this from
back in time
do you see the next videos
in this
series as well so that's
gonna be the
video thank you so much for
watching
don't forget to subscribe
if you're new
I love you and I'll see you
in the next
video
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