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How to Make $300 Daily Trading Crypto with Moving Averages

0h 16m video Published Feb 23, 2024 Transcribed Jul 13, 2026 J Jeffrey Benson Forex
Beginner 8 min read For: Beginner to intermediate crypto traders looking for a simple trend-following strategy.
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AI Summary

This video provides a step-by-step guide to making $300 daily by trading cryptocurrencies on Bybit using a moving average crossover strategy. The presenter explains how to set up an account, deposit funds, and execute trades based on the 50, 200, and 800 exponential moving averages on the 15-minute chart.

[00:00]
Introduction to Crypto Trading for Daily Income

The presenter aims to show how to make $300 daily trading crypto on phone or laptop. He trades Forex full-time and crypto part-time, and will share a simple strategy.

[01:01]
Account Setup on Bybit

Sign up on Bybit using the provided link, deposit funds, and verify identity with a valid ID and proof of address. Download the app and transfer funds from funding to derivatives account.

[03:38]
Moving Average Strategy Explained

Use 50, 200, and 800 exponential moving averages (EMA). The 50 EMA is blue, 200 EMA is green, 800 EMA is also used. This trend-following system works across instruments.

[05:03]
Signal Example on Solana USDT

A buy signal was sent for Solana USDT. Entry near the 200 EMA in an uptrend, with stop loss at recent low and target 2x the stop loss distance.

[06:23]
Sniper Entry on 15-Minute Chart

On the 15-minute chart, when price retraces to the 50 EMA and shows a bullish candle close, it's a potential long. Set stop loss at recent low and target 2x that distance.

[07:17]
Executing the Trade on Bybit

Select isolated margin, 10x leverage, market order. Set order by value (e.g., 10% of account). Input stop loss and take profit levels from the signal.

[12:32]
Closing Trick: Using Crossovers

When the 50 EMA crosses above the 200 EMA, go long; when it crosses below, go short. Use recent low/high as stop loss and target 2x that distance.

[15:32]
Additional Confirmations

Combine with RSI, candlestick patterns, and reversal levels for better accuracy. Understanding chart patterns enhances the system.

By consistently applying the moving average crossover strategy on the 15-minute chart with proper risk management, traders can aim for $300 daily. The presenter emphasizes combining this with other technical tools for confirmation.

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Mentioned in this Video

Tutorial Checklist

1 01:01 Sign up on Bybit using the provided link and verify your account with ID and proof of address.
2 02:16 Deposit funds into your Bybit account via crypto (e.g., USDT TRC20).
3 02:30 Transfer funds from funding account to derivatives account.
4 03:38 Add 50, 200, and 800 exponential moving averages to your chart on TradingView or Bybit.
5 05:03 Identify a buy signal when price retraces to the 200 EMA in an uptrend on the 15-minute chart.
6 06:23 Wait for a bullish candle close on the 50 EMA, then set stop loss at recent low and target 2x that distance.
7 07:17 On Bybit, select isolated margin, 10x leverage, market order, and set order by value (e.g., 10% of account).
8 10:27 Input the stop loss and take profit levels from the signal, then confirm the trade.

Study Flashcards (6)

What are the three exponential moving averages used in the strategy?

easy Click to reveal answer

50, 200, and 800 exponential moving averages.

03:38

What is the recommended leverage on Bybit for beginners?

easy Click to reveal answer

10x leverage.

10:14

What does isolated margin mean?

medium Click to reveal answer

Only the specified amount of money is at risk, not the entire account balance.

07:31

How is the take profit level determined in the strategy?

medium Click to reveal answer

The take profit is set at 2 times the stop loss distance from the entry.

06:50

What is the signal for a long entry on the 15-minute chart?

medium Click to reveal answer

Price retraces to the 50 EMA and a bullish candle closes, indicating a bounce.

06:23

What additional tools can be used for confirmation?

hard Click to reveal answer

RSI, candlestick patterns, and reversal levels.

15:32

💡 Key Takeaways

🔧

Moving Average Strategy

Core technique of the video; uses three EMAs for trend following.

03:38
🔧

Sniper Entry on 15-Minute Chart

Specific entry method with clear rules for risk-reward ratio.

06:23
⚖️

Isolated Margin Explanation

Important risk management concept for beginners.

07:31
🔧

Crossover Trading Trick

Provides a simple visual signal for entries.

12:32

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AI-generated clip ideas for Shorts based on the transcript

No viral clips found for this video, or they are still being generated.

[00:00] you a step by step guide on how to make $300 daily trading your crypto in your phone or your laptop let me a little bit clear out the air I so much believe in portfolio in trading that's me have 100% exited Forex Trading Forex Trading is

[00:18] always my love and my first love I'm trading Forex fulltime but crypto is my parttime stuff so that's why I see we send out all the signal we send crypto signals as well as the signal as well as Forex signal so I'm trading Forex but

[00:31] to be majored in crypto so that's why I'm really taking it as a full guide and I want to make this same video the same way I'm making for Forex guys also want alsoo trading crypto or maybe you just want to be like me trade crypto weekend

[00:48] and then you get to trade Forex during the weekdays yeah that's what I also do now let's get straight into the video now let's talk about step by step guide on how you can and $300 daily

[01:01] trading crypto using this simple strategy first you have to understand basic and fundamental of how this interface do really work first you have to be seeing the sign up with bybit make sure you registered and then you deposit

[01:18] your account and have your account verified just like this all you have to channel the links are usually just dropped like on the channel and uh you

[01:30] just need to click on the link like this one once and that link is also be going the interface you're going to be arrived there you want to just provide your email address and include a password and then you get my welcome gift once you're

[01:44] done you should download the app on your app store and then this is how the app looks like buybit verify your account what you just basically need essentially is your valid means of identity card and valid means

[01:58] of address which you utility bu definitely works so once you're done to pH you click on deposit when you click on deposit can ear phone you buy naira and you can also deposit using any crypto of your choice so you can have

[02:16] USD trc20 anything that you like any coin select trc20 this is my favorite send your wallet there so from there you would also want to transfer from your

[02:30] funding account you want to move your money from funding account direct to can click on transfer from funding to derivatives or UniFi trading account

[02:42] do is to click on derivative come here you be be able to place our trade so to this YouTube channel so that you can watch more of this video on beginner

[02:58] guide so that you will be well equipped although I'm going to do my best very best whether you're a beginner or you're an advanced Trader you definitely will already understand the basis of signing up getting your account fed getting it

[03:12] verified now is for you to do analysis and to trade first you need to although I have an analysis here where I have a chart analysis uh though bit

[03:26] provides a chart where you can do your analysis but I don't solely rely on this I prefer still using trading view off of my laptop because I just get to understand the broader perspective understand my analysis

[03:38] analysis on laptop and then you only come on the trade to come and execute so analysis this strategy is just employ what we call moving averages so moving

[03:54] average is gotten by collecting the last closing price of a specified handle units for example if you have 50 moving average that simp it's going to take the last 50 closing price sum it up together divided by 50 and then look for where

[04:09] connecting on and on and on so keep taking the last 50 50 data and keep connecting on and on so it's a very good way to predict Trend and to also follow

[04:21] Trend so it's a trend trading system so the simple one that you have to just put on your chat is 50 exponential moving average which is this one I have here and is represented in blue color and then you have 200 exponential moving

[04:35] average which is represented in green color and then you have 800 exponential moving average this strategy works like crazy and it also works in Forex it also work across other pairs other instrument but here we're going to be applying it

[04:48] things if we ever send a signal to you like now we currently had the signal send in by 10:19 and then this time the time is 1:4 14 p.m. so this was s by 1019 so if you are gotten this signal in time or maybe

[05:03] still within the Amit of the entry which is 13 so first this is on Solana usdt all you need to do is to come to your chat and search for that Solana usdt like here you want to look for the one that is on buy bit all right

[05:20] so make sure any time Price ever get to the green which is the 200 then that means we're in an uptrend if it returns if it's up and it returns back to the blue one which is 50 exponential moving average it simply means it's coming for

[05:35] a retracement you should be getting ready to buy in a very strong uptrend 50 exponential and the 200 exponential to the upside then that signifies a very

[05:47] here then the next candle that should be following through that shows that we're in a up move no matter what happen at that time don't try to sell or rather be price kept moving up even with so many Pips To The Upside so I just want you

[06:07] guys to use these simple moving averages as a guideline as to whereever the market is how to as as a point of entry and also as a point of exit not just that I also like to explain how exactly you can use to get sniper entry now very

[06:23] important thing about this is I love to use the same system more on the 15 minutes chart so any time that price get to 15 minutes chart and then there's a rejection or there a retracement to first we have to be in an uptrend or in

[06:37] a downtrend because a trend following system remember and the price gets to this point on 15 minutes time frame on the 50 exponential moving average this is a potential log long trade so already at this iMed this bullish candle closes

[06:50] this bullish candle close you want to put your stop loss on the recent load that about 91 and they just target times 2 so 91 * 2 that should be around 180 so

[07:02] conveniently smash it out in no time so this is how you can just conservatively trade your account and make your $300 Daily Now talking about that execution

[07:17] so s that was sent on Solana usdt on your phone you just have to do is to tap on the part that shows this that coin there which is BTC USD and then you have to go for Sol us which is this third option then I love to have my leverage

[07:31] on isolated all right this isolated margin is something I'm trying to also wrap my head around as a beginner but now I really understand it a lot more better isolated margin is when whatsoever amount of money you specify

[07:44] to your brokerage or to in this case your liquidity that is the only amount of money you're going to have at risk say for example you have $1,000 in your account or $100 in your account as the case may be and you say you want to risk

[07:56] 10% of your $100 making it $10 or 10% of your your $1,000 making $100 that your aside that money you specify that's isolated but if you select isolated and

[08:09] to touch some other part of your money that you have in UniFi trading account or your derivative so that's a little bit risky as a beginner so I'll just best bet select the isolated margin so I have isoled margin selected and then I

[08:25] also have the 10x also selected 10x simply means that going to give you 10 times of whatever you are staking so if you are putting $100 down the liquidity buyb is willing to want to give you times 10 of that all right to be able to

[08:39] able to do business as the time being and then the next thing you want to do is to select Market Market simply means you want to get into the market at that particular time that particular price why limit simply means it require you

[08:53] the Trier then what you also want to do is is to put it in order by order by value or as a new be me I just love to play around with this set I just switch

[09:06] it to 10% that is I'm willing to want to risk 10% of my account what I simply I'm risking 10% that means I'm willing to just risk I think $100 that should be

[09:20] $10 right but then the cost you also want to check at this bottom where it shows quantity and also the cost right here thank .36 that's going to be the cost for me to carry out this trade that is 10% of my account all right and then

[09:34] the quantity is going to be 0.9 Sol now to be able to carry out this transaction so if I'm will to want to risk more let's for example I'm will to risk 50% of my account because it's a have $100 here that would mean that for me to be

[09:46] $54 whereas in usdt the amount I need to that I'm Big G me because I'm using 10x buybit would give me the other amount of money which like a zero zero at the back

[10:01] which is now making 535 usdt that I'm going to be staking the other money is not mine on no extra cost that is there that is their to cover so if I even increase my margin they even willing to even give me a lot more but it the max

[10:14] that they give as the time of making this video is 75 x leverage but me I love to keep it at 10 because I don't want to play too much and I know that there are beginners that are going to be watching this video so the next thing is

[10:27] I want to go back to our signal on the laptop check on the telegram again you see the stop loss level is 13.25 to and then the take profit is 117.5 so you want to click on the tpsl level once you click on that we're going

[10:43] to be going long right then go to take profit copy this value 17.5 and then the stop loss level is 1 13

[11:01] 3 8 13.25 two all right then the next thing you want to do is to click on confirm so once this orders is already confirm you've checked all you just need to do

[11:16] Abit the entry price is still within the Abit of the current market price so for the sake of this class I just want to drop my risk to 10% because I don't want

[11:28] to be risk too much I drop my leverage to 10% and I just click on buy so it's loading there I have the order position fi in so you just see say 0.9 contract down at the bottom of the position you notice that this is my unrealized profit

[11:48] it's currently I'm down 0.04 that's because I just open the trade couple of Arrow right there you can just tap and then share with your friend maybe on you're currently in a Trad maybe profit but right now you're showing loss so

[12:04] would base off of our analysis now back to this analysis how did I know that it's going to be a buy I just told you guys anytime that you see price come back to bounce off of the blue line which is the 50 exponential moving

[12:19] average just know that it definitely will do 2x of the stop loss that give from the point of entry so that's why we're going to be going in on a buy now here's one of the closing trick I want you guys to know and there are other

[12:32] pretty soon on this channel this just one of them that I don't really do really well let me give you an instance by just doing a a quick play on here I'll do a quick replay so that you guys can see the power the power of trading

[12:49] with this system all right so now say for example price has crossed to the upside right here and all our indications is saying okay it's about to cross so I'm just going to wait for the blue to cross the green that is for 50

[13:03] 50 being the blue and the green being the uh 200 exponential moving average now we already have a break beneath to the to the low and then so here's a cross so immedately this cross happen I want to go in for a

[13:20] short I want to go in for a short me I don't want to I'm not really able to catch really good decent so that would be 1 88 to catch time

[13:35] 2 all right and the sessions you're trading this two also does matters so that's 188 at stop loss then times two would be we still coming a little bit down like this is times two so that is your pnl is 2.38 so if I'm risking 1 188

[13:54] uh then this target should be somewhere around uh I just okay the risk what is 1.27 not yet up to 1 to2 we see to come down a bit come down

[14:08] [Music] to so you just use it as a form of like continuous confirmation and all of that so he came back and took out the stop but then it would have broken even but let just assume that okay this is a l

[14:23] let's move another one again where it did cross so we had another cross again here on this one so it's going to be a buy we're going to have a buy long opportunity right here then put your stop loss on recent

[14:37] low this is 208 * 2 should be 400 just make sure it's one to

[14:49] two yeah there take profit busted so this is how you can just consistently use the cross to always cash out but anytime price also come let me do another another example of continuation anytime price come back again to test

[15:02] this blue after a cross then that signals a long opportunity should join in line of the trend like for example let's check wait for where price go back to the blue the blue price come back to the

[15:16] market price so that's I'm currently trading go price came back to the 50 exponential moving average we expecting to bounce up again so this how you can use this system to continuously Cash Out day today now please do not just use

[15:32] this as the only entry confirmation you could always do like an RSI or add another indicator or just add your Candlestick pattern to me that's the best understand Candlestick patterns understand reversal levels if you know

[15:45] how all these chart pattern and cand pattern do really work that would be a this system $300 is sure on a day-to-day basis all right make sure you guys are subscribed to this Channel and see you guys in the next one bye for now

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