Live Crypto Trading Breakdown — Full Transcript & Summary

[01:55] Tuesday. Let's look at the market and see are bound here. Looking at Bitcoin, this is a Bitcoin chart. Looking at Bitcoin, let me go back to the 1-hour.

[02:07] back to the 1-hour. I am bearish on Bitcoin. So, we've been having We have a break of structure here. On the higher time frame, I can see that we're going to have a

[02:22] change a break of structure to the downside. So, I can call this here. This is a break to the downside. You can also call it a which also signals that, okay, the market is about to go down.

[02:39] And if you look, this is a a trade we caught earlier. From from this break of structure, actually took this this very trade,

[02:51] and we are now in this particular region. And this is where entries is meant to be looked for. I'm actually in this particular trade.

[03:04] I got in a wrong trade here, but uh I am in this particular one. That is what we want to look at this morning. This class might just be very

[03:17] um the analysis is simple, it's straightforward, entry, confirmation, and exit. That is what uh we want to do here. So, on the 1-hour, um like I said earlier,

[03:31] I got into this particular trade because on the 5 minutes, we have a clear break of internal break of structure and change of character, market lower. But I'm looking forward to a second

[03:44] opportunity to enter this market, which is here. Okay? In this region. If this market retraces to this for the same thing. The same thing, which is

[03:59] this. As a matter of fact, for this particular one, I can even go down to as low as 1 minute time frame because I'm looking at this as a day trade. Looking for this. If we see this within this region, then

[04:13] it's also a trade to take. So, Bitcoin trade is really, really simple. One is that from the high time frame, you will understand that we are bearish for this particular trade, okay? But, you know, this market can just flip around and go

[04:29] Therefore, we need to take confirmations. uh confirmation is more like the last line to like tell you that, okay, you can you are good to go here. You are not good to go here. So, for Bitcoin,

[04:45] the trade is not like in, but this is a setup. Once you see the confirmation, then it's I am happy to look for this confirmation. This is a five This is a

[04:59] But, I'm happy to also look for this confirmation even on the 1 minute that for for Bitcoin. For Ethereum, quite I may say uh let it let it let it go the

[05:15] but on a second thought, I am not quite Let me show you what I mean. I need I need more structure to be able to take this trade on Ethereum. Let me show you what I mean. So, if you

[05:29] look at this market, okay? This is the last This high here is the last protected high. So, we're having break of structure, break of

[05:41] here. Break of structure. So, this looks like Break of structure. So, this looks like a very good retracement into this into this demand zone. So, the market should go up from here.

[05:59] Hope that makes a lot of sense. So, the market should go up from there. caught um last week. Let me just list them.

[06:11] It's done. This one I make a I made a video on It was a very good trade.

[06:23] Ideally, okay, I should look for the same thing. okay, I should look for the same thing. We had break of structure here. Okay. And we're in the area of interest, which is this.

[06:36] So, I should look for a um a supply zone here to trade this lower. particular zone, which is a strong demand zone,

[06:50] hold. Therefore, I'm just going to wait for two things. One is that if price breaks above this level here,

[07:05] then I think I'll be happy if it breaks above this and eventually breaks above this one, then I'll going to consider taking long positions for Ethereum. But, if price breaks below this this

[07:18] this one here, then I'll be considering taking short positions for for Ethereum. Um I'm just waiting to see what happens before I make a move. For Bitcoin, I already know the move I want to make

[07:33] if price gets into this region. But, Ethereum is not like that. Let's look at Solana. Solana is giving me the same thing. like we're tapping in Ethereum. As a matter of fact, over here we've made an

[07:48] equal low. An equal low is is liquidity. And that gives me more And that gives me more um How do I put it? Gives me more

[08:05] price is is likely going to come down. So, for Solana, I'm also more bullish on taking a short From around this particular region. Okay?

[08:18] From this region, I want to take a short position. So, if you go to the 15 minutes, all I'll be waiting for is for price particular line. This particular zone I have an alert

[08:34] here. So, all I'm waiting for is for price to get into this zone. Once it gets into that zone, I can go to again to the 15 minutes or even the 5 to take a confirmation. So, what I'm expecting is this.

[08:46] This continue happening like this. Okay, happening like this. Until we get something like this. Once we have a breakdown like this,

[08:58] I'll take a short position all the way all the way to this particular low. All the way to this low. This is my plan for for

[09:13] Solana. This is just a plan. So, again, Bitcoin, plan. I'm waiting for price to get for get get I'll look for confirmation and go long and go short.

[09:28] region. Then I look for confirmation and go short. For Ethereum, I'm not just I'm just waiting to see market structure give me a better structure.

[09:42] For XRP, I was looking at XRP today. XRP is giving me a similar vibe to Because I started by looking at this thing on the higher time frame. On the structure here. Then

[09:56] Okay? Even though there's an internal break here and this might be the low. I would I wouldn't draw the internal break now.

[10:11] Even though I have an internal break at this point this one break of structure this one break of structure but there could be

[10:26] go higher. Okay? Before going lower. seeing here. So, this this might not happen actually. and do this and go lower. But

[10:42] just because of this and this this and this it's giving a strong potential that this could this could happen. Okay? I don't expect the market

[10:54] expect the market the crypto market to be bullish based on their the micro from the macroeconomic standpoint. I expect it to be bullish. I expect it to be

[11:07] Okay? But technically, I'm seeing this on the XRP. I'm not confident to take trades here. Uh but if I break below this level, then

[11:21] I might consider taking more trades on XRP. But you don't have to take all the trades. Um if I only catch Bitcoin and if Solana trade today, I'm fine. As a matter of fact, if I only catch Bitcoin with just

[11:35] one trade today, then it's fine. You mustn't trade everything. So, a quick recap. Bitcoin, this is the vibe I'm I'm looking at. This is the entry I want to get confirmation. Ethereum, doing

[11:51] nothing. Solana, this is the entry I'm looking at. Um XRP, I'm also doing nothing on XRP because it's not crystal clear like the rest. So, this is it. clear like the rest. So, this is it. This is the set of happy trading today.

[12:06] But before we go, I want to know where a lot of you are sending from because that is the tradition we have on this channel. So, go ahead and type me the city and the and the country you are in. I am in

[12:19] So, let me know if the city and the So, let me know if the city and the country you are in. you can drop them in the comments. I'll be happy to answer your questions

[12:35] be happy to answer your questions in the few minutes that we have left.

[13:10] All right. I see a lot of people dropping comments already. So, we have Doha, Doha, Qatar. I'm in the

[13:43] Abbas is in Doha Doha, Qatar. We have Maurice in Kaduna. Dibwuru is in Abuja, Nigeria.

[13:55] Dibwuru is in Abuja, Nigeria. Kenny You want to join the academy, Maurice? Just go to afib.com.

[14:07] Just go to afib.com. That is where you join the the academy. We have Crypto Mantel. He's in Jos. I see you.

[14:24] Nassarawa State. See you. And then we have uh Ngwa Ngwa Ngwa Harvey is in Harvey from Harvey from

[14:36] You're welcome. So Dib, have the question. The question is um what's is the advantage and the implication of moving your stop loss when the trade is close to hitting your

[14:49] The the For this question the disadvantage outweighs the advantage. As a matter of fact, I don't do it.

[15:02] Don't just do it, okay? You might do it one time and it works. But in many cases you will lose more go and hit your stop loss. So don't

[15:15] do it. As a matter of fact you guys know we have the um copy me copy me dot trade is coming soon. We have already started testing with the

[15:27] with the traders. Me and some traders were testing the app already. We have a very strong rule enforced in that app. You cannot move your stop loss. You

[15:40] cannot widen your stop loss because when you widen your stop loss, you increase the risk. So, from the from the onset, you have done your analysis. Okay? From your analysis, you are saying

[15:52] if this hit my stop loss, I am out of this trade. So, why change it in in when when after the when the trade is on? The only thing you can do from the app is to tighten your stop loss. You can

[16:04] make your stop loss smaller. Thereby reducing the risk instead of making it wider. So, don't just don't don't widen your stop loss when you're

[16:17] in trade. Don't just don't do it. Uh, because from the beginning, you have determined, okay, this is my entry, my stop loss, and take profit. Don't adjust it. Don't adjust it to make it worse. Okay?

[16:30] Don't adjust it to make it worse. Okay? Uh, we have Abuja in Abuja. Savior from Abuja, welcome.

[16:45] um, Crypto Master want to know the entry point for Solana. So, let me go back to the Solana trade. Okay? the the way I trade is this.

[16:58] okay? I use confirmation entry for lots of my We also have what we call the risk entry. to for this trade for a risk entry, so what I'm going to do here, I'm going to

[17:13] and just take a short position Okay? And I will target the high. Then I can now go

[17:29] as low as this. This is a three points um 3.95 risk-reward ratio. So, this could be the entry. Entry at 85.46, stop loss at 86.50, and take profit at 81.35.

[17:45] This is risk entry, okay? Now, what I do, I don't always do this. What I usually do is wait for price. I'm on the 5-minute for price to get to this region. So, if the price keeps going this,

[17:59] okay? When price gets to this region, and now does this, say it does this, ahem, this is the point I now consider an entry.

[18:14] I'll go ahead and take my short position to then I'll enter from here, take my stop loss over here. targeted before. So, this one

[18:29] So, this one is less likely to fail. This one gives me a better risk-reward ratio, and it's a it's even less likely to fail because you have just waited for the direction to change before entering

[18:43] the direction to change before entering that particular trade. Okay? So, these are the two ways to take an entry. For this one, the entry and the stop loss is not defined yet until the price gets to that particular

[18:56] the price gets to that particular region.

[19:08] Telegram, but if you want to get them, just make sure you are in the wait list for copy my crypto because there you will see these I'm actually taking trades there right now, so

[19:22] Now, let's let's somebody is asking what is entry for for Bitcoin. So, the same thing for Bitcoin, one possible way is one from this region again,

[19:37] from this region again, you take a short position from here. Okay, target the high. And now target this particular low, this very low. So, this is swing trade basically.

[19:51] Swing trade. So, you're getting a 3.22 risk reward ratio. For this case, the risk reward ratio. For this case, the entry is 77 77,000 77019. Stop loss is 77

[20:03] and stop loss is 74228.7, but again, just like I said, I will prefer to wait for price to come here.

[20:16] Then I'll look for confirmation entry in this region because it will give me this region because it will give me better risk reward ratio. And it also gives me a confirmation that price will go lower. But mind you, I am actually in

[20:29] this trade already. I took this trade here last night. So, the the position was this. I took it from around here, yeah. Stop loss was high. Okay. And take profit is still

[20:46] at this very low, but I'm I'm I'm happy to take I'm happy to take partials along with this trade I got into. I'm already in this one. Um Uh but yeah, this is second opportunity

[20:58] if the same thing happens in this region. That's why I said, I can even go down to the 1-minute time frame you for entry for this trade. asking um for entry for uh for Bitcoin.

[21:15] um happy trading. I'll see you again come Monday where we review the forest market again. Bye, everyone.