3 ULTIMATE Trading Tips For the Current Crypto market | Best Guide!!

Hey guys what’s up it’s frank here from Altcoin buzz good morning good afternoon Or good evening wherever in the world You find yourself so today we’re going To go over three trading tips to protect You in this volatile market i will start Off by explaining what a limit order is As well as a stop limit order next i Will show you how to create a long Position here on the mexi global Exchange i will show you how you can Create your risk to reward so that you Can plan out your trade and finally i Will explain the concept of confluence Which is a very important principle in Trading which will help you make a Decision about when to enter a trade now For those of you who don’t know altquin Buzz is first and foremost a crypto Investment research company and we have Been providing you numerous 100 x Returns since 2017. so if you want to get in on that Action join our alt queen buzz access Group where we document up-to-date Research covering undervalued altcoin Gems nft minting opportunities and our Portfolio strategies also don’t forget That we have this special altcoin buzz Campaign only seven days left now six Thousand six hundred and ninety nine Dollars worth in total of giveaways Those include a ninety nine dollar Altcoin buzz access pro membership four

Thousand one hundred dollars worth of Bonuses by depositing and trading on the Mexi global platform a two thousand five Hundred dollar lucky draw giveaway again Simply by depositing and trading and Remember just seven days left on this Promotion so click the link up above or Down in the pin comment section down Below to take part in the action now Also please don’t forget to like Subscribe and click the notification Bell so that you don’t miss any future Updates and finally please note that None of this is financial advice [Music] Okay so first of all i’m going to Explain what a limit order is i Currently have 0.005 btc on the exchange let’s say i Want to sell this bitcoin but i want to Sell it at a price of 20 600 so i would enter that price here and To the amount of bitcoin that i want to Sell maybe i only want to sell fifty Percent of it so i can use this handy Slider here on the mexi global exchange Whereby i wanna sell fifty percent this Will be a total of fifty one point five Dollars i click sell bitcoin and note That nothing will happen Because the price is not currently at Twenty thousand six hundred dollars Instead you will see the open order down Here you have the price at which i want

To sell it at the total in Usdc at which it will be sold and also Of course the total amount of bitcoin Which i want to sell at that price Okay so next thing i’ll explain is the Stop limit let’s say you’ve bought Bitcoin at the current price but when Looking at the chart you see that the Previous four hour low is at the 19 836 dollar level and you’re afraid that If it drops below that that we will lose The four hour uptrend and therefore you Want to minimize your losses so Therefore you would go to stop limit Here you would have your trigger price Set at 19799 Just to give you a little bit of leeway In case there’s a wick And then you would enter your price That you would actually sell it at Something close to nineteen thousand Dollars let’s say nineteen thousand five Hundred Now what this means is that if the price Falls below nineteen thousand seven Hundred and ninety nine dollars your Bitcoin will immediately be sold However it will not be sold at a price Below nineteen thousand five hundred Dollars now usually you don’t really Need to worry so much about this price Especially in liquid markets like Bitcoin Even if this price was eighteen thousand

Dollars for example it doesn’t mean that Your bitcoin would be sold at a price of 18 000 it just means that as long as the Price is between the trigger price and This price your bitcoin will immediately Be sold at the best market rate so again Here let’s say for example i only want To sell half of my bitcoin if we lose The four hour uptrend in this case i Could create this order where i use this Slider just fifty percent sell bitcoin Again nothing will happen if i click This because this is a stop limit it’s Based on the condition that if the price Is less than or equal to seventeen Thousand seven hundred and ninety nine Dollars my bitcoin will be sold at a Price no lower than eighteen thousand Dollars and as i mentioned what would Most likely happen in this scenario is That your bitcoin would be sold at a Price of about nineteen thousand seven Hundred and ninety dollars let’s say Because maybe you there’s other stop Limits which are there before you you Get a slightly worse price but of course On a on a reputable exchange like mexi Global where there’s decent volume you Will get your trade Executed at a good price Okay so the next concept that i will Explain to you is the concept of Confluence so confluence basically means That you have not one but at least two

Reasons to enter the trade at least two Reasons why buying at a specific level Is likely to generate a positive return Now for this example let’s actually go To bitcoin usdt here on the maxi global Exchange you have the option to trade Bitcoin in multiple ways by the way you Have a 3x long here 10x btc usdt Perpetuals and of course just the Standard bt usd okay so one way to Explain confluence is let’s say that you Were watching this bitcoin action play Out here About a week ago and you saw that there Was an important support level for Bitcoin which was approximately the 28 350 level So one reason for shorting this would be Waiting for a close a candle close below This level so this four hour candle Close would have closed below this level Now that is one reason for entering this Trade so now you wouldn’t actually have Confluence that this is a trade to enter So that’s when you might go and look at The rsi and if we look at the rsi on the 12th of june here We saw that the rsi reached oversold now Usually when the rsi first reaches Oversold this is actually a sign of Weakness it’s a sign of a shift in Momentum so here you would have had what We call confluence a we have a break of The previous market structure with this

Four hour candle and b we have an entry Into the oversold area which is again a Further sign of weakness so that would Be your confluence for entering this Trade Okay so finally i’m going to explain to You the trade setup the risk to reward Setup So let’s say for example you want to Enter a bitcoin long at the current Price of twenty thousand Three hundred dollars approximately and You want to Minimize your losses so in other words You’re betting that we have already Reached the all-time low that bitcoin Will not go below 17 589 dollars But if it does you don’t want to be Holding your bitcoin position so you Would have a stop loss potentially at Exactly this level this 17 589 Level and here you can see that your Risk here would be 13.43 percent that’s how much you could Potentially lose now it’s important to Also look at your reward and as we Previously established this was an Important support level in the past this 20 thousand eight hundred and thirty Dollar level so you could reasonably Target this Level with your trade and this would Give you potentially up to forty percent

Return on your investment but of course Because you have potentially a 13 Risk your risk to reward ratio here is 2.9 so to simplify this let’s just Assume that it’s a three to one risk to Reward just to explain to you this Principle if it’s a three to one risk to Reward here What happens is that If you lose this trade once Let’s say you enter a hundred dollars Into this trade if you lose this trade Once you will lose thirteen dollars but If you were to Enter this trade and exit at a profit at This target you would win forty dollars Right so this three to one risk to Reward means that you can afford to lose On this trade three out of four times And you will still be profitable as long As at least 25 of the time you are correct with this Trade in other words you can be wrong 75 Of the time with this trade and you will Still be profitable so that is the idea Of the risk to reward ratio a three to One means that you have to be profitable At least 25 of the time to be profitable In this trade all right guys that’s been It from me for today but don’t forget That we have just seven days left on This exclusive alt queen buzz promotion I told you about all the bonuses that You can get on this page in the

Link in the comment section you can see Exactly how you can do this it’s just a Matter of opening the exchange account Funding the account within seven days Start trading and following the terms And conditions and of course guys if you Enjoyed this video if you appreciated The way i explain things the way i Present about cryptocurrency technical Analysis all that good stuff then check Out these other videos that i’ve made For the alt qin buzz channel as well And guys with that being said I’ll see you in the next one [Music]