Get Started In Crypto In Full Beginners Guide Part five 05

can see over here it shows you all the different exchanges now it depends on what exchange
you're trading on typically you want to select the chart that's in line with that exchange so I've
been trading on buit so I'm going to go through and look for the buyit exchange and now that I
have it I'll say launch chart and I'll click on that that will bring me through to the chart for this
strategy we're going to be using the daily time frame so you go on the top section over here for
Bitcoin you'll

Source

click daily so it moves through onto the 1day time frame and here you can see bitcoin's recent
price action now the next thing that you'll need to do is you need to type in the EMA level so
EMA you're going to type in moving average exponential it's under my favorites over here uh
there is a lot of them that you can use just make sure that you use the one that says moving
average exponential click that twice and it will ultimately put two of those onto your page now
you want to go through to this and change
the settings we're using the 21 EMA which I'm putting in yellow there we go and then on the
other one we're using the 50 EMA there we go which I'm putting in red now that you have the
EMAs on your chart this is how the strategy works this is how you're going to look for buy and
sell signals so remember we're on the daily time frame we have the 21 EMA which is in yellow
and the 50 EMA which is in red now the EMAs will help you to time your entries and understand
when the price action is

Source

moving in an uptrend versus when it's moving in a downtrend now you want to buy as the
uptrend begins and ride the momentum till the top and then when it starts to turn back down you
want to sell into the downtrend and exit the market so this is how it works if we look at the prior
cycle we have Bitcoin over here and the EMAs work as follows as price started to get above the
EMAs it pulled the 21 EMA above the 50 we call that a golden cross this happened at a price
point of $1,000 and it would have held you

the market all the way through now the criteria to confirm whether you can stay in the market is
as long as price is above the EMAs and the EMAs are angled towards the upside and
continuing in that fashion you hold your long positions you stay in the market so that's a Buy
Signal you stay in the market and you hold that all all the way till the top so you can see over
here price doesn't ever go back below those EMAs and they don't turn down uh this one gave a
bit of a warning signal but essentially that is still strong support
and it continues to rise towards the top side and now you can see price action is starting to lose
those levels and your very first candle where it crosses to the downside occurred over here at
$49,800 now I can tell you most professional Traders did not at the market at $449,800 most of
them probably exited all the way down around $20,000 which we now know was pretty much
close to the bottom of the market cycle so criteria for exiting you can see the candle comes
down starts to roll those EMAs over the 21 crosses below the the

Source

50 and price is holding below that level on this candle over here is once the cross occurred and
that's your signal exit the market and then we move into a bare Market from that point onwards
and now you have four easy to use strategies which will help you to navigate the crypto C's so if
you enjoyed this video smash the like button hit the Bell notification And subscribe to the
channel make sure that you sign up using the link in the description below and I can't wait I'll
see you guys all in whal