Hi, in todays live training session I showed the power of Fibonacci levels when trading ANY market technically.
Fibs are particularly “spookily accurate” when buying/trading cryptocurrencies and I show some recent examples in the start of the video.
I show how fibs can be used to look for pullbacks (my M2 strategy) for entries to buy crypto, stocks, metals, indices as well as forex. Is that a good entry for Apple? Tesla, Bitcoin, Gold? You bet 🙂
SO why would a mathematical calculation invented in the 13th century having anything to do with modern day, sophisticated, computerized trading software? All explained in the video.
Crypto is actually easier to trade than forex at the moment. Buying anything in a bull run is generally going to win BUT when things stall or reverse then you need to make sure that you follow “best practise.”
I have over 50 tokens and not a single loser at the moment, though I have been taking profits of late.
I show how I trade it, some basic rules. My main portfolio is buy and hold which is up over 700% since May 11th 2020 when the beta testers joined me.
If you want to know more about Crypto, here is an introduction (If you are not a member you will need to sign up to view): CLICK HERE
I also looked at potential trade setups for both M2 & Earth & Sky trading for this week so check it out here.
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
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Watch the video for more detailed explanations of this week’s analysis and trade plan.
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