Andy Learns How To Trade Cryptocurrency (EP #3) - Off To A Bad Start!

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hey guys welcome to Indy learns how to

trade cryptocurrencies the playlist and

series where I go through and start

learning about how to create and treat

cryptocurrencies I show you exactly what

coins I buy I show you exactly what kind

of trades I do and we're starting off

this series is this episode three or

four I think it's episode three and

we're already lost the overall trade on

- sixteen point ninety one percent so

but I've learned a lot and I'm gonna

take you through the journey on what

I've learned and exactly where I went

wrong I think but it's always I want to

do the mistakes so you don't have to do

it but again this is more of a

chilled-out kind of program where I can

say whatever I want and I'm not gonna

edit it like super fast like I do with

my other videos and also I've changed

the name around from Andy learns crypto

trading - Andy learns how to create

trade crypto currencies so maybe the

search engine on YouTube can pick up on

people searching like how to trade

crypto currencies and stuff like that

and then they find my channel and I can

get some more views like that and if you

came through if you did search how to

trade crypto currencies and went to this

video that sounds awesome but we're

gonna get right into it and we did

Walton coin last time and all of these

other ones we haven't been talked about

I know you guys have been commenting and

I'm again getting messages a lot about

like what are you doing right now and

how is things to do going with you but

I'm we first of all gonna take a look at

beat the CUSD because we gotta take a

look at what happens with Bitcoin

because it's obviously the dominatrix of

cryptocurrencies the Bitcoin is that

it's a woman in latex that's dominating

you sexually every single night we we've

broken out of this wedge and this was

what we thought was gonna happen we

didn't really know if it was going to go

to the down side or the up side but we

got this insane spike right here and

this came from people getting fear from

Heather

so tether is the tether is the the thing

that should always be at $1 so tether is

like pegged to the dollar so every

tether should always be a dollar but

we've got some FOMO around this because

a lot of things happening with the tag

with Heather right now and one guy I

believe one guy went and sold all of us

Heather into a Bitcoin and that's why

the price of tether is going down

Heather usually is stable like you can

see but also that's why we got this

insane spike I think he sold about 500

million dollars worth of tether but on

the side that but I like it because

we're so nervous in this market right

now I feel like we're nervous and we've

been building this wedge for a long time

and what happens when we go down into

the middle point right here is that we

either have like a huge spike to the

upside or we have a huge spike to the

downside and since this happened I feel

like we can keep the support level right

here and keep moving upwards and that

would be the perfect situation in this

market right now mainly because if we

can break this wedge to the upside that

means that we're moving in

where its direction and the bear market

is over and that is what I'm excited

about that is what I'm been looking for

I was actually a little bit skeptical

about this wedge because I was thinking

that we were going down

mainly because from the last from the

last okay I can show you right here the

last time that we had this huge spike

back in 2014 it took us a one and a half

years or it's yeah like one and a half

years to hit the bottom right here but

now we've only had about half a year or

about a year so it's happening faster

than the other time we had it and this

can be a lot of different reasons

because of this maybe because the news

is more attracted to Bitcoin because of

this huge spike in January maybe a lot

of investors are taking a bigger look

into Bitcoin a lot of new companies

starting around Bitcoin a lot of people

looking at the tech and new startups

actually using blockchain to make new

projects and the the optimism in the

market is huge now compared to what it

was back here because then it was like

oh no the Bitcoin has gone up no one

really cares and no one really knows

what it is no one really cares to

educate themselves on what bitcoin was

but that didn't happen here a lot of

people went into Bitcoin and a lot of

people got educated or what bitcoin was

in the blockchain so I think we're I

think we might be out of this bear

market and we're starting to see some

momentum omentum upwards and that just

gets me excited and on top of that we

can see we can see the

we can see the stock market is not doing

that well right now

the stock market is not doing too well

as you can see we've had a huge break up

to the downside on the sp500 basically

the 500 top companies in America I think

don't quote me on that

I'm gonna just I'm just gonna check it

really quickly it's an American stock

market index based on the market

capitalization of 500 large companies

having common stock listed on the and

ysg and the Nasdaq but basically it's

usually what people put their savings in

you can you can put this in a retirement

fund for example a lot of people use the

S&P; 500 for retirement as well as the

401k can be another option but but again

we're seeing huge huge downside for the

stock market at the moment which is huge

it's huge for crypto because let's say

this let's say you're an average

investor or say you're an expert

investor and we're seeing a downtrend in

the stock market let's say that we're

getting this that the stock market is

going down like this and not for a year

but for let's say two years and we don't

see any gains we don't see anything

happening in the stock market on the

contrary let's say that Bitcoin

does this let's say that it goes let's

say that it doesn't really go like it

doesn't go like crazy like this but

let's say just in two years it just goes

steadily like this what is a investor

gonna think is he either gonna try and

invest in the stock market that a that

is in a bear market or should he try and

get some returns on the cryptocurrencies

because we see this steady nice-looking

uptrend that is happening right now I

think that if we get a stock crash we

can see a lot of money enter the market

which is exactly what we need and now

we're seeing this huge crash in stocks

and that can absolutely be a great thing

for crypto right now but let's take a

look at my trades so a lot of these

trades didn't work out but that's

completely fine I've set these stops

because that's what I need to do when I

always when I try to trade I always set

a stop that if it goes down I need to

stop it so I don't end up like losing

50% 60% but I'm cut down like 14% 16%

17% that's what I that's what I aim for

when I don't make the trade but also we

have a few contesters that also is to

the upside we have a basic attention

token we have QM we have Tron and Virg

the my some of my least favorite coins

kudamon Tron not really I don't really

care about the technology I only care

about the trade because they're huge

momentum players so basically when it

starts moving it starts moving fast and

that's we're gonna see khuddam don't

really care about the project either the

only thing I'm looking out for khuddam

is the huge upside potential that

khuddam can do because Kim was one of

the players that lost most of it gains

like I think from all-time high

we're about like ninety-seven percent

from the last all-time highs I can

actually check that yeah look at that 96

percent from its last time all-time high

so that is a huge player for me and I

think I can get a lot of money out of

that but let's take a look into the

trade what have I learned from losing

sixteen or seventeen percent of all the

starting capital that I put in not too

much and I've blacked out this because I

don't want you to see exactly how much

I'm trading but again to take a look at

the Bitcoin I think we're in an

optimistic thing right now the only

thing that we need is for so this is the

moving averages right so 50 is the red a

100 is the yellow and the 200 moving

average is the green what we're looking

at right now is for these to change

places we want to read to be on top we

want to yellow to be in the middle and

then we want the green to be in at the

bottom and that's what that that's what

happening when we go back in time and

this is a bull market basically meaning

it's an uptrend and this is where you're

gonna see insane returns so we need to

have a shift exactly like this we have

we need to have a shift where we change

the spots around where we get the red

line on top and and the green one at the

bottom so that's basically what we're

looking at right now and that's what a

lot of investors are looking for as well

a lot of investors don't really want to

start trading before we have a bull

market and an uptrend in the market

basically when we start closing above

the 200 line so that's what most people

are looking for at the moment because

yes it's still possible that we can go

lower definitely possible that we can go

lower if we see some momentum downwards

we can definitely start testing the

6,000 once again and then if 6,000

doesn't really move we might be looking

at 3,600 or even 2000 right here as well

I don't think we're gonna go this

down but we don't really have much

support other than like these spots

right here maybe this one so that's

what's up now let's take a look at the

trades let's see what lessons I've

learned from this let me take your

failures so I can learn from them

instead of you having to do the trades

and fail you can just learn from me

instead so we're gonna take a look at

bat first of all so basic intention

token we actually bought it right here

at we actually bought it right here and

we bought it at the price of 23 around

this point right here we bought it

perfect time to get in perfect time I

could almost not get a better price than

this and we have been moving upward

steadily it look is looking very very

nice and then I sold a little bit of my

position right here as I was planning

because you always need to set some

stops for way you want to sell and also

where you want to sell if you're getting

profit the only thing that I'm a little

bit bummed out about is that I should

have pushed this a little bit up so the

next time I'm doing this kind of stop

I'm definitely looking to have it in the

candle wicks of the support right here

because we don't really see stopping at

this point right here

but rather up here but again if we see

on the right side I made 30% of that

sale

I sold 33% of my investment and I made a

little bit of profit which is perfect

the next stop is right here and the next

stop is right here and then we're

getting a stop right here as well I

think I'm gonna close this down because

I want more bat in my portfolio and I

don't want to trade it and since I

entered down on this like perfect

position right here I'm not gonna sell

much I'm actually a little bit sad that

I sold 33% of my investment right here

but again we're trying to trade we're

trying to get that

money quick and we're swing traders so

and I need to continue learning from

that so let's take a look at the losers

and some of them are so sad it's so sad

to see these ones go Iota I don't know

why I traded this one I have no idea why

traded and take a look at this so we

entered into the market at the 27th at

this price right here and right here we

can see that where we just got shorted

out on this candle wick right here super

sad to see like all the other other car

and candle wicks are not this low just

this one so it's sad to see we're going

down and but it's not that big of a deal

the takeaway from this however is I did

a bad trade I did I definitely did a bad

trade and I've actually made some rules

so I don't want you to look at anything

other than rules to buy these are the

rules that I've set for myself when I

buy and for people that are Pro crypto

investors or anything like that

let me just pull it out procreate or

investors are probably gonna laugh right

now but this is what I've come up with

over analyzing these coins and analyzing

my trades so the RSI should always be

low never above 40 so if we can see

right here the RSI is down here it's a

very commonly used indicator and the 40

line is right here and buying above this

line as you can see is from here to here

and we should have bought when it was

below 40 or even below 30 and breaking

out of the RSI we should have bought

here or we should have bought right here

as well and we're gonna take a look at

some other candidates as well and why

think we're gonna continue moving

upwards right here so it's sad to see

but I've learned by my mistakes like

take a look at this it's not some it's

not a good trade at all selling under

the 50 ma right here we are we were

touching the 50 MA and the reason I

wanted to do this trade was because I

wanted the 50 ma to become a support so

we can continue like surfing on top of

the 50 ma above the 50 ma but we didn't

and it was it was stupid of me to think

that and we move lower I capped out at

to stop and happens

let's take a look at the third one MACD

is super low and also the blue line so

the blue line right here is to the left

or under the orange lines and also not

too many red spikes so the MACD is

different on every trading platform I'm

using trading view right now but

basically you want to buy when the blue

line is below the orange line because

that means the MACD crossing is from so

when the blue line crosses the orange

line as I asked I've been explained it's

either a bullish or bearish sign so

basically when the orange line crosses

over here it's the it's a bullish sign I

can show you this and more like right

here when the orange line is under the

blue line it just keeps moving upwards

usually what happens when the blue line

is under the orange line is that it's

moving downwards and right here you can

see a great selling opportunity should

have bought right here should have

bought maybe right here when the artist

I was under 40

but again didn't do that it's so similar

let's see bottom of major trend lines

that's with Bitcoin I'm just gonna

explain this right now because I want to

get these rules out of the way bottom of

a trend line basically these trend lines

right here by right here by right here

by right here and don't buy at the top

of a major trend line alright so that's

basically what that means let's take a

look at Neal and you can see this is

exactly the same with Neal

although this is like the stupidest

thing ever look at this we have this

wick right here that basically cut me

out like that look at this it cut me out

like the tiniest percent right here if

it didn't go below this I would still be

in the trade but I got cut out like at

the last like the last point that it was

possible to get cut out so yeah

happens this trade is exactly like the

last one I bought way too high on the

other side the MACD was under the first

of all the MACD is super high on this

line as you can see we should also think

when the MACD is lower it's also a good

sign to buy and also when we have this

MACD crossing right here I should have

bought at this point and not at this

point right here winner Mike yeah

basically I did all of the rules wrong

even take a look at this even it's above

$15 sighs so yeah that's that's what

yeah I don't know what much more to say

about Neil XRP

so this one was really fun and I liked

it

and it's it's actually looking super

nice the ripple right now because now

we've so my initial thought with this

one was when ripple starts there so as I

said before XR PE and ripple is this

momentum builder this super momentum

builder so once ripple starts moving it

starts moving fast and it happens within

a month it can go like super and

exponential right so that's what I

wanted to try when we saw this huge

uptrend right here and this huge

breakout I wanted to try trading it

because I was thinking hey maybe we can

get enough volume to start getting

spikes like this again that didn't

happen but what I learned was that I

should when taking risky investments you

should always have the stop look at this

stop right here I bought right here and

then I had a stop way too low super low

why why did I put it this low like I

should have I shouldn't look at this

look at this all right

we had it right here right what if I put

my stop right here that's the difference

that's a 10% different as you can see we

lost 17.5% right here so take a look at

that let's see if I saw if I had my stop

right here a risky move 10% loss not a

big deal however 17% that was just

stupid

it was a dumb dumb mistake by me and I

paid the consequences and I'm learning

from it and I'm always getting better

and always you have to take and analyze

these trades to get better at trading

you know so um the other thing that is

really really cool so when we take a

step back and take a look at so what I

said with the moving average is changing

around it's actually super nice like

ripple is setting up a super nice

pattern right here which is extremely

bullish because right now we have seen

that it peaked crit like crazy

it tried going down but it found support

on the 200-day and that's what you want

you want support on the 200-day because

that means a trend reversal we want that

trend reversal to happen and also when

we tried tapping up from that 200 moving

average we went down we couldn't find

support on the 200-day and then we found

support on the 100 moving average and

we're moving higher closing above the

200 moving 200-day moving average so

that's a super bullish sign and also

we're setting up for a MACD crossing

right here also a good sign and

everything is looking super nice I

wouldn't get in right now because I

don't when I when I do a trade I'm

stepping away from that particular trade

and coin because I don't want to get

burned once more so again if I were to

trade this right now I would set the

narrowest stop I could ever do like I

would set the most narrow stop ever so

if you were to lose you're only losing

like 5% or 10% like let's take a look

like how much is this yeah okay so a 14%

so maybe like even tighter but yeah just

make sure you sell if it goes down guys

and again if we take a look at the rules

it's that sown there is it's as super

nerdy or do you guys like that having

rules to buy I like it a lot it's like

you have to follow this before you buy

so basically all the rules are followed

right here almost right here we had and

also I always look at the the the last

support so usually what happens with

support and resistance is that it finds

the same resistance in the same support

that means at these levels right here it

has already gotten support before like

for example look at this let's say that

we this hasn't happened yet we can see

that if that it found support right here

or sorry when it moves upward and it's

not breaking through that means that

resistance and it's called the

resistance and this one's once more it's

trying to move upwards and then we're

getting resistance it's moving downwards

again and then we're moving up again and

then we find resistance right here and

then we find the bear market that's been

happening but what happens is that

usually resistance becomes support so as

we can see right here resistance and

right here a support that's basically

all the art all there is to it and once

we found the support a it's more likely

that we're gonna land amongst those that

support line once again so that's just

human psychology right there and that

happened once more if you see we moved

up and down in a little bit sideways

right here and then we found support

here for a period of time until we broke

down again broke down again broke down

again

and then we found the resistance once

more and that became the next support

and then we got a break out again so you

also want to look at the prior time

that's been happening because as you can

see right here we no one really knew

what was gonna happen between here like

there's no real movement right here

there's no real indicators that you can

follow it's only like yeah like this is

only the move like maybe this you can

see that they tried getting a little bit

support on the top right here couldn't

really hold it and going downwards again

and then finding support right here so

that's also something else to take in

mind but now I'm just wandering around

and also how long have you been doing

this are we on thirty minutes right now

ha Jesus guys it's gonna be a long one

but I'm having fun I'm back at my

parents place right now I'm going to

Portugal on an insane event that's

happening I'm gonna meet a lot of my

friends that I've been talking to online

that I haven't been talking to face to

face or over Skype so it's gonna be an

amazing is in Portugal and the weather

is so nice they're like right around

here it's getting so damn cold and I

can't stand the cold if you want to move

away I'm a Norwegian and I live in

Norway which is super cold in the winter

sorry I'm getting off on tangent let's

go further

all right so once again I wanted to say

that as well

when we find support I should actually

add that to my list

so we could have taken a look at the

last support right here we can also take

a look at the RSI RSI being super low

below 40 which is something we always

like and also we can see that the blue

line is a little bit under the orange

line right here and then we've got

getting a crossing I don't really know

how much that really does I also know

the news that was happening was that we

had a big convention or whatever

whatever is called on the 3rd of October

that was they were launching a new new

information about the ripple network

partnerships and stuff like that and a

lot of people thought it was going to be

super hype and it didn't really carry

the momentum that we wanted to at that

conference so yeah but again ripple is

looking nice I'm gonna move quickly

through these things I have no idea how

long this is gonna be now we're at

khuddam I bought in right here as you

can see right at the price right here on

the 27th right here on the 27th super

good price I like the price that I got

but again I could have been smart and

just being patient and get the better

science right here get a good price but

also the reason I didn't buy right here

was because we needed to get that price

strength confirmation like we really

needed to see a trend reversal right

here because like humans just been going

like look at how much as tanks right

here it's just a straight line in lying

downwards and it hasn't really been

doing much else but then we saw the

price moving upwards and we found that

plateau right here on the 50-day moving

average and that's why I wanted to go

into this because look at this guy's

okay look at this right now this is

insane

you

six hundred and thirty three percent

increase is what we have to gain like

that's how much we can gain from this

crypto like a lot of them have 200% 300%

gain but this one has six hundred

percent gain and that's what we're

looking for we're looking for those big

gainers and that's what we're doing

right now we've had a nice-looking bump

right here as well we're gonna see if we

can hold above the 50-day I also have a

MACD crossing which is nice we can see

the RSI is getting a little bit high

however that's what we need right now

for khuddam is it would have been

amazing if gudem starts going high right

now I've not set any stop stops or sell

orders because I don't really want to

sell much of this in the near future I

want to hold on to it because we can get

such high gains and I don't think we're

gonna see much momentum over the next

couple of months like I don't think you

think we're gonna have like this huge

spike all of a sudden that's gonna

happen I think we're gonna continue

moving sideways for for a while and then

maybe get a little bit of momentum

upwards but I'm not thinking a huge

change it's gonna happen right now but

it's it's looking nice this trade i'm

i'm super hyped i hope that we can hold

this price but again i've set my stop so

if shake goes down I'm not afraid to

sell because it's very very important

you'll learn how to set those stops

because most of my other Kryptos I wish

I could show you has lost like 50 60 70

percent I think my my number one is salt

with 89 percent lost that's insane you

don't want that you don't want that to

happen you want to lose 14 17 16 14

percent and then you want your winners

to gain you an insane amount of money

that's what I'm looking for so every

time I lose 14 percent I gained 30 or

every time I lose 14 percent I gain 50

percent on the winners so that's the

strategy I'm going with and I've always

like I'm going to be persistent

I'm not gonna get the emotion to get

into foam or stuff like that always need

to follow the rules hey guys I need to

fire I'll follow the rules that

rules to buy like a like a little nerd

so yeah that's cute um I'm super excited

about that I hope we can get some good

momentum going with queue demand we can

see some huge gains right there

next one we got Tron Tron is actually

super exciting as well because it's one

of the the ones that has been going well

for me I bought around here again look

at this look at this bad trading style

you should we should have again like we

can say this about Tron again but take a

look at the previous price action again

we found the huge resistance right here

and obviously we're gonna but do we

gonna find support on it that's what

happens and again we get that price

range confirmation also we're moving

above the 50-day moving average you're

finding support on the 50-day moving

average and then we're finding a

resistance on the 100 day moving average

which is not that good we should be

closing above and then surfing the 100

day moving average so I'm don't really

think that we're going to see much

happening at this one as well we're

gonna see this getting pushed down by

the 100-day maybe we get across of the

50 and 100 and we can see some move up

but nothing really is gonna happen right

here I think yeah but again I should

have just been patient and not going

shopping spree look at this look at this

right here

27 27 27 27 it was just because I was

sitting down on my computer and say oh

I'm gonna go shopping today and then I

bought a ton of coins and I didn't

really look at I didn't really have any

rules I didn't have any rules asset

and what is Warren Buffett said that the

stock market is just about moving money

from the on patient to the patient so

again

gotta be patient and also the MACD is

like super high right now but that

doesn't really matter maybe can we can

see some some gains but again Tron

hopefully we can get some good gains on

Tron yeah the last one Virg Virg is also

looking nice I haven't really seen much

of a gain I bought it around 27th so

right around this time right here and we

haven't really been moving up or down we

found a resistance around a hundred day

and we're seeing a little bit of a sign

going downwards but again look at the

trade right here so if I were to follow

my rules I would never buy above 50

right here I should always buy when RSI

is below 40 and look at the price that's

the perfect price right here look at

that and also we have the blue line

under the orange line should just follow

my system and do my rules

so that's basically what I've learned I

think that's gonna be it overall trade

now we're we're at minus sixteen point

nine ninety one percent yeah that it's

not much else to say other than that I'm

getting excited by this market because I

love trading I love sitting here at like

right now and just looking at the market

and seeing what's happening in and how I

can play this market and really get the

goods trades because it feels so good it

feels so good when you're right and it

feels so good when you're trading and

you find the perfect bottom like you

find the best trades like for example

with bot

like a look at this trade I couldn't

really go any lower I couldn't have gone

any lower that's what's so crazy about

it

I bought right here bought at two three

nine four two three nine four right

there that's insane so yeah it's it's

nice when things work out

also it sucks to get all of these taking

in - but it is what it is I I don't

really care much about it because that's

what you need to do you need to set up a

system and then you need to follow that

system and when the system is in favor

to you you're gonna lose a couple of

times but also when you're trading a

hundred or a thousand or ten thousand

times when you follow the system you

will come out victorious victorious so

that's what I'm gonna leave you off with

I love you guys

what'd you think about the market right

now did you stay if you stayed do all

the way to the end you're a Europe

you're awesome dude you're awesome so I

want to know what is your thoughts on

the market right now what you think is

gonna happen let's take it off at the

Bitcoin right now because best bitcoin

is always the momentum player or always

the king the dominatrix

the women and woman in black late it

takes us whipping you and whipping all

of the altcoins around like a

BDSM kind of deal don't know what I'm

saying

also tell me what you think about the

market right now do you think we're in

turn for a really nice-looking up trend

right now in a bear market bull market I

mean or are we going to continue moving

lower I think we've found our bottom

right here at 6,500 between six thousand

and six times five hundred is where

we're at right now

we've built like a massive base right

here which is gonna be a nice looking

support for the

future so yeah that's gonna be me thank

you so much for watching if you want to

watch more of Andy learns how to trade

cryptocurrencies just click the playlist

at the end

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