3 Simple Signs To Enter A Trade Before A Breakout Cryptocurrency

What's up guys and welcome back to another video in today's video, I'm gonna be talking about three signs to buy a cryptocurrency. Now I have so many different people messaging me saying: okay Jack. I really want to get into crypto, or I want to buy this new coin or token, but I'm.

Just not sure when the right time to buy is whether that be for a small day, trade, a swing, trade or just a long term. Entry on a different coin or token so today's. Video is gonna, be all about three different signs.

You can use to enter a trade, a long position on a crypto currency or something like that. So hopefully it's. Gon na be really really helpful for you guys I'd. Yeah enjoy the video. So taking a look at the markets, I mean we've, pretty much had a sell-off from our recent increase in price.

Nothing really too interesting that I'm going to be covering in today's, video in the markets. Unfortunately, today's, video is just gonna be about key principles and those three entry signs to enter a market.

So without any hesitation let's get into the video. The first one I'm gonna be talking about is Cardinal. This is gonna, be my example for the first one and it's, gonna be Bolger bands. Bolger bands are basically a measure of volatility in the market and they can be very, very useful when you're trading, especially when used on their own, sometimes when people trade, the overcomplicate things, and they have three four or five different indicators pull up On one chart - and it can be very, very confusing for me personally - I max it out at two to three indicators on one chart at one time and that's, that's more than enough for anybody to trade with.

If you see people trading with six seven, I mean I don't think they do, but really two to three indicators. If you're first, starting out, you really only need to be using one or two. For example, one could be Bollinger Bands, the other could be a support and resistance which isn't even an indicator.

So yeah let's, get into Bollinger Bands bull, Japan's. Basically, they show you the volatility of the market and it can be really really helpful. So we're, two different bands. We have the lower Bollinger Band and we have the upper Bollinger Band.

Now I'm gonna be using the term walking the band so, for example, walking the upper band or walking the lower band. Basically, when I say walking the band this, this just means that the chart is basically the candles are hugging that band.

So they're, walking along it, whether it be the upper band or whether it be the lower band. So keep that in mind when I'm speaking. So, first of all, I'm, going to take a look at a bit of price action.

This is obviously a old ish example from a few weeks ago, but nevertheless this definitely works right. Now I'm on the one-hour chart, so using the Bollinger Bands on the one-hour chart. Isn't the best, but it definitely can be done the further you zoom out on the time scale, but more accurate.

It's. Gon na be, but if you're looking at the Bollinger Bands on a later, for example, a larger tight timeframe chart, it can become a bit difficult and a bit time delayed to in fact go ahead and enter a trade.

So on the Bulger Bands, we basically are looking for some convergence. Now convergence means the two bands coming together. For example, we have this this scenario here back on the 13th of Jan this year.

Now I'm a one-hour chart and I have to pull up the Bollinger Bands. You just got a trading view free account. You don't need anything, click on this indicator and just type you can just type BB and it comes up bold, your bands, the first one.

You click on that and what I do once it comes up, go on settings here and I just changed the basis, which is the middle line to bright red and the upper and lower to yellow and make the thickness a little bit more.

As you see, if you, if you put the thickness on low here, it's a little hard to see it. So I put the thickness make it a little thicker and it's just easier to see for me and for you guys, watching at home.

So basically what we're looking for on the Balaji balance is convergence. When the bands, the upper and the lower bands are converging this signals, some sort of price action is going to happen. Now this could be bullish, it could be bearish.

That is a little bit of a gamble, Bollinger Bands, but of course you can use other indicators. Previous market knowledge to identify that so right here we have this arrow here, signaling the first identifier.

This was back in 13th of January and we can see it's actually hooking the bottom Bollinger Band and it walks all the way down here. To this previous level, here now we can see once the Bollinger Bands are converging.

There is some sort of price action which is gonna happen. Now, if there is a large price actually going to happen, the Bulge of Allens, if we look, they will come lately. Just shoot off in the opposite direction and really enlarge giving way to some price action.

Here we had a negative price action which isn't good, but if you can identify when the Bollinger Bands are converging, you can understand when the price action is going to happen. Moving on to another example, I believe here is a smaller convergence.

It's, not the largest of example, but we can see here. We are very divergent here and we come into a convergent nature here, hugging the bottom Bollinger Band, walking along it, and then we do have some price action.

It walks along upper a little bit and then it falls back down right now. We are in a place where the Bulge of bands are actually getting a little tighter. We can see here we have had some divergence and we're converging together.

This could signify some price action. I would like to see the the price currently of Cardinal hugging along this bottom Bollinger Band before I was to enter any kind of trade. As we can see back here, the Bulge band is does start to hug it when the price action does in fact change.

So I would really like to see the price action hug one of the upper or lower Bollinger Bands right now is in the central basis, which is neither here nor there. So I would really like to see a bit of price action on that, so that's, one to keep in mind before we get on to the second tip, to enter a crypto currency want to let you know about the Bitcoin blueprint it's, basically, an all round laid out guide a tizzy on how to make money with cryptocurrency it's got all the different indicators explained how to use training view by Nance everything like that bit tracks.

Everything like that is on there, and it just gives you an overall good starting point or compiled in a list together ready for you to go through with quizzes and little test to see, if you guys are actually understanding it.

That's. The Bitcoin blueprint it comes with a lifetime free signals for my trade calls, which are $ 50 a month. So you get that for free and live lifetime, which basically shows you the trades that I'm making over the course of a few weeks.

A few months whatever it may be, on average two to five a week, but in the in the worst of times it maybe could be a one or two per week. So yeah that's. The trade calls and the Bitcoin blueprint link down below moving on to the second example.

The second example is something I've been using a lot recently, and this was actually on the trade calls a few days ago, if not a week ago, it wasn't, actually a trade call per se. I just identified that there's, a decent trading area on ontology on the one-hour chart, Ont two BTC pairing - and we can see here that it was trading.

In fact, between two zones we can see the lower zone was around 1600 sats and the uppers on was around sixteen hundred and eighty. Now this isn't a large zone, but when we take the potential profit here we can see it is around.

Five to six percent potential profit. Now, if something's trading in a five to six percent range upper and lower, that's, definitely a good amount of profit. When you're trading, whether it be a day trader swing, trade or whatever it may be, so I can see here this telephone the high views.

This is where I actually made the call, I believe, on this white line, and I made the call - and I said in in the call alright, I would probably wait till it comes down to the lower end of 1600 stats once it touches there.

We could potentially see a price action. Basically how I identified that is, we've had here, 1600 starts here: 16 dollars, hats ass! Here nearly 1600 stats. We touched it again here and I was pretty adamant that we were gonna.

In fact, go ahead and touch it here again and lo and behold we did in fact go ahead down here and almost the extended wick of the candle did touch it, and then we went straight up here now I didn't think it was Gon na go all the way up here.

I thought it would maybe touch the upper end of 1600 SATs and then potentially bounce back down. But in fact we got lucky on this trade and, in fact did result in a decent profit of around 8 %. So definitely the people on the trade calls who took this trade were very, very happy 8 %.

I mean if you're trading with a decent chunk of change, that's, going to be a nice amount of money. Definitely so that's, one of the trade calls which was a few weeks ago and that's just out laying number 2 on my list of a winter buy cryptocurrency is support and resistance.

We can see here. We previously know where the cryptocurrency is going to and we're, potentially it may go to, and that gives us a good example of where to enter a trade. Moving on to the final one out, we're, looking at Tron TRX.

So looking at Tron Tron has had a large amount of price action in the past few days, and it shows a great example of the four EMA now covered the 40 ma before you longtime subscribers. Thank you very much.

You guys will know about the for a mate EMA and you & # 39. Ve, probably used it already. I cover this in more detail in my course, and also on my channel. If you want to find more information on this, it's.

A great indicator when used on a one day chart yes, it does like behind a little bit, but it's. One of the indicators you can pair with another indicator to in fact get a great result when trading. So we can see here the four EMA to get the 40 ma up.

What you want to do is come up here and just type for e. A and the four EMA will come up here, and you want this one by Phil. We can see here. He's made his own custom indicator and we can in fact go ahead and use it.

I believe you can use it on a free account. I'm, pretty sure for EMA. I've saved it to my favorites. Here so once we get the four EMA up, we want to go ahead and change the colors. So once the four EMA is up, you go on settings here and we see we have 9, 13, 21 and 55.

These are different day moving averages. So I like to have blue green, yellow red, so simply click on it change the color blue, green, yellow red, and we want to have the thickness of the line. A little bit.

Thicker sit on that simply click. Ok and now we are looking for bullish price action. Now, when I say bullish, price action, we want the colors to be blue, green, yellow and then red that's. Why? I change these colors blue green, yellow red that's because that's, a 913 21:55.

So we can see that the 9 day moving average is obviously going to be a lot quicker than the 55 day moving average, because a 55-day moving average takes into account a price action over 55 days. So if there's, a large price action, it's gonna, like a lot on the 55 day, but on the 9 day it's, going to be a little quicker, so that's.

Why? We can see the bullish price action when we're. In fact, having a look at the blue, green, yellow red, we can see right here. They all cross blue, green, yellow, red right here you could Signet. You could pretty much signal on entry here.

You may have wanted to sell, but that you can see the lines are still got a little bit of space between them and we're still looking good blue, green, yellow red and we still continue going up. I mean it's.

Really a great indicator: even now, the price action is still blue, green, yellow right. Yes, the the loic's indicator. We have is the nine day, so it may like behind a little bit. But honestly, this is a really really great indicator.

If you're a beginner to be using the four EMA blue, green, yellow red strategy, it's, really really excellent and it's just a great way to go ahead and make the first few profitable trades. So that's, pretty much it for this video guys, we got the Bollinger Bands on the first one.

We have got a support and resistance on the second one, and also we've got the blue, green, yellow red four EMA from Phil. I believe the guys name is thanks for watching guys. If you haven & # 39, t already checked the link down in the description.

If you're, looking to take more serious approach to trading and making money with cryptocurrency that will be linked down below, and also that is, the trade calls keep in mind. You get lifetime free access to the trade calls which are 50 bucks a month.

If you purchase the blue Bitcoin blueprint thanks for watching guys and I'll catch you in the next video [ Music, ], [, Music, ]