Live Cryptocurrency Trading: How to Trade in Crypto

[00:22] Good morning Alok ji, please tell me, I am fine. Tell me how are you? Let us take some stock of the market today. Let's see what happens. see what happens. What is going on in the market these days? He had

[00:34] What is going on in the market these days? He had not gone live for a day or two. First of all

[00:47] transfer some money. So I have it in my IAR wallet. Out of this I transfer ₹500. I transfer ₹500 to my Future Wallet and you will see that we have ₹500. So the first thing to do was to have

[01:01] money so that if we get any trade, we can take it and execute it. Now you will see that if you look at the view of Solana, there

[01:13] we can say that the market is in a stagnant situation. Where buyers and sellers are fighting almost equally. In the case of BTC, you can see a slight upward trend of 0.13%,

[01:27] it has upside momentum. But this is also not much. And in the case of Ethereum, it is in the negative by around 1%. So

[01:41] that there is not much momentum in the market. Today the market is moving almost sideways. There is not much to see. Isn't it ? So let's

[01:54] analyze Ethereum first. Is there anything going on? If going on? If you look at the RSI, it is around 65-56. So its RSI is about to reach the oversold zone. Let

[02:09] see what is happening on 1 day time frame.

[02:22] So, we gave you a range. A trend line trend trend line range was given and it was told that it will move in this range but after breaking this range you will see that you have

[02:37] broken the range. So now this range has become useless to us. And if you have to do a little work. Let's remove it for a minute.

[02:50] little work. Let's remove it for a minute.

[03:06] and this second level will come much lower. this second level will come much lower. We will not go that low. This is the second level. We will not go that low. This is the second level. We make two levels.

[03:24] After two levels, once you come to a 2 hour time frame. On a 2-hour time frame. Ok. Now if you look at this on a 2-hour time frame,

[03:37] Now if you look at this on a 2-hour time frame, you do not see very good momentum in it. We can almost say that from 26th to 28th there was almost no momentum at all. It was almost nil. There was a slight momentum here in the middle.

[03:50] After that again it is performing almost in neutral way. So, Ethereum is not seeing very good momentum. Comes in 15 minute time frame. Ethereum is not seeing very good momentum. Comes in 15 minute time frame.

[04:10] , you will see momentum here. But to support and resistance on the 1-hour time frame.

[04:26] So let's see. We created this zone. Our zone was broken. So let's take the rectangle here first and first of all this is

[04:56] first one is our this area and the second one is

[05:15] Ok? This is how we drew the support resistance. And now we come to 15 minutes. You can come and work for 15 minutes, 5 minutes, whatever you want to do.

[05:28] EMA and a 200 EMA. So you will see that it has crossed the 50 EMA and has gone up and is trying to cross the 200 EMA. He is touching. Ok? So if it crosses this and goes up, then we can take this momentum till here and

[05:42] you can see a positive market. Isn't it ? If it does not do so then it will again come down and try to touch this EMA. If we look at the RSI, it is currently around 65. So right now this entire pot has full potential to

[05:57] this entire pot has full potential to move upwards. Let's move upwards. Let's see what's happening with Bitcoin. Let's see what's happening with Bitcoin. Let's

[06:20] So let's continue this. Let us

[06:43] this range is useful for us. Come to the 1 hour time frame. If we come to the 1 hour time frame, you will come to know that the

[06:56] that the market is moving in the range that we have created and in a way, it is market is moving in the range that we have created and in a way, it is moving with sideways momentum, but still, in this range that we had decided, the trend line that we had

[07:10] drawn was our upside trend line and the lower segment of the upside trend line, that is, in taking support, it is taking support on this trend line. So this is on this support right now. Now support can lead to either of two conditions. It

[07:28] ? If it goes up, it will get this entire area. today, it is positive. So one good thing with us is that the momentum

[07:40] good thing with us is that the momentum is positive. So we can assume that maybe this break will happen. If you come after 15 minutes,

[07:55] you will see that it is moving in this range for a long time. and is above the EMA. So let's take an upside trade here. Let's take

[08:15] an upside trade. But here, not be possible. Let's leave this one. Here you can take an upside trade. If you want, you can take an upside trade and your stop loss will be in this area.

[08:30] your stop loss will be in this area. Ok? This is our 200 EMA, right? Yes, there is a 200 EMA. It will remain below it. Once I check below it. Once I check which is the 200 EMA? What is the colour?

[08:43] which is the 200 EMA? What is the colour? your stop loss will be below the green color. This thing has to be kept in mind. You can take the rest of the targets. mind. You can take the rest of the targets. You will get a very good target. Isn't it

[09:00] Target: You will take the first target here at the initial level. Second Target: Your second target will be bigger. You will see how big the second target is. So you

[09:12] You will see how big the second target is. So you can take it with you. You will also see that RSI is currently around 5860. RSI also has the potential to go overbought right now. Let's potential to go overbought right now. Let's come to Solana.

[09:55] market is on the same line which we had drawn in the last live session, so we do not need to work hard because even now this level which we had made is useful and is working, level which we had made is useful and is working, so it is okay, then

[10:08] when something is working, why bother so much about it, it is okay. Let's say the work we did on the daily time frame is still

[10:41] Come in 1 hour. If you come at 1 hour, you will see both of them below here. Both are below the EMAs and the market is Both are below the EMAs and the market is still

[11:29] I don't think we should go long because the RSI is go long because the RSI is around 45 and is about to reach 50, but if it remains plus 50 then we should think about it and

[11:48] go for a smaller time frame. Maybe we can get some clarity. Well, she is trying to break it. Can walk. You can take it with you. Can

[12:06] breaks and survives and then a candle starts forming above, then you can go for the upside here and your stop loss will be this candle. The low of this candle will be

[12:18] your stop loss. Ok? can go with this one. Let's take the trade.

[12:38] Long goes into this. We went to Long.

[13:24] We set a target stop loss. Let's fill the screen once. And give you some indication.

[16:18] Let us look at another coin that Alok ji is asking about. FTM

[16:33] Now no coin named TA is visible. Please

[18:41] near your resistance. Now

[19:16] take a sell position in it on the daily time frame. Do a short sale. It looks Do a short sale. The target should be up to this point

[19:31] this should be your stop loss. This is it right now. get a break from here, then you can go a little further. You

[19:47] can take targets up to this point. But this will be the target at the initial stage and this will be the stop loss. Is it clear? There is more selling pressure in this Is it clear? There is more selling pressure in this and this

[20:01] and this So look at your resistance, it has touched it once and given a slight breakout. But he could not survive. Gave breakout again but could not survive. This is the

[20:13] third time it has not given a breakout. Could n't even touch it. Meaning it is again come near its support. And this is its support.

[20:31] Which is the fast token brother? You should come too.

[22:06] I am not ashamed of the world, I am not ashamed of the world, don't I am not ashamed of the world, don't

[24:41] Bitcoin dominance is in the negative. Ethereum is in the negative. Alt coins have increased.

[25:01] the fear is still there but it has improved a bit. The alt coin season index is 24. It improved a bit. The alt coin season index is 24. It is very less.

[25:25] She is not

[27:07] God, how much I have been beaten

[27:26] What position do you want to take in this? How do you mean what is the plan?

[28:20] This is a new token, it was launched on 1 May 2024. After that it went very high. Wow, it went up to 86465. After that there has been a tremendous decline. See, this is what happens. Would the person who had ₹86465 ever have thought that

[28:36] ₹86465 ever have thought that his money would again become ₹80? Isn't it his money would again become ₹80? Isn't it ? There has been such a tremendous decline. Right now it is at

[29:17] not worth taking too much risk in this token. Still, if you want, you can go for the upside by taking stop loss at 72. You

[29:30] stop loss should be yours and in any case if the stop loss is broken then you have to exit because it is a very risky token and anything can happen in it. So that's all you can do. There is nothing more worth doing right now. Ok

[29:43] is nothing more worth doing right now. Ok ? They

[29:59] Is 926. Let's make it 50 and 200.

[30:11] If we are looking at the 1 hour time frame right now. If we look at the time frame of one month, EMA will not be generated. Let's look at it on a time frame of one week and one day. If you look at the 1 day time frame, both the EMAs are currently below. So it is not like that, the

[30:27] risk still remains. There could be further decline now. There is nothing if but in this. But if you want to move ahead then

[30:41] If you are going to do swing trading and are going for a long term, then going for a long term, then you can keep your stop loss at 65. There will be no problem if you carry 65. But this will cause a little more loss to you. But I would

[30:53] say that you should do the analysis on 1 hour time frame and keep your stop loss a little and keep your stop loss a little small. You can proceed with this stop loss of 72. Isn't it? If you want to take less risk than this, then what will be your

[31:08] stop loss? With less risk, you can take a stop loss near 74. So that's it. Rest it can still fall because it is below the EMA so anything can happen. because it is below the EMA so anything can happen. Yes, if it goes upwards, it can go up to

[31:23] touch here. Look, it can even go to touch its EMA. So this is an opportunity for you that you can get momentum from here to here. But that is also very risky.

[31:43] After that the decline was sideways for many days. You are seeing momentum in between. There are small coins.

[31:56] What are small coins? 800 has fallen below 850. So it means that after a decent amount of growth, it has fallen down. What can we do?

[32:55] Then it is getting better. It is happening again.

[33:57] invest in the old coins. Do not invest money in new coins. Why take so much risk?

[42:35] said. If it has to go above 100 then it will have to break this range. This range will have to be broken and we will have to go above it. If this range is broken then it will go up. Otherwise it may go down.

[42:54] is also negative right now. Is below 50. So we can say that the possibility of going up is a little less. So the possibility of reaching 80 seems high. So the possibility of reaching 80 seems high.

[43:20] Come on, it's almost time for today. No, there is a lot of work. If you

[43:44] look at the weekly chart, you can see a support. There is a support at 76,000. Or you can say that it is a good support before this. Ok? There is

[43:59] a good support around 80, 80, 400, so it will hold here, if it breaks from here then it will act as a support 74,

[44:20] but from my side, I feel that possibility of going down seems to be high right now.

[44:56] But it will take time to reach 76. Right now it will work as a support. Ok? This area will also serve as support. There is good support. Only after that something can happen. Ok? You after that something can happen. Ok? You guys stay connected. Thank you very much. That's all for