Happy Sunday traders Lord Ray with hyped encrypted comm your number one source for cryptocurrency technical analysis and blockchain
Education in this video we have an inauguration we're gonna be doing a lightning recap
On Cardno, so if you do enjoy this hit that like button hit that subscribe hit that bill
How we're going to start this out after the intro?
We're just going to be looking back at last night's live stream guys
If you're not watching me live you're missing out on a lot of good information a lot of education
So we're gonna check that out, and then we're gonna go into car Donna so without further ado your Lightning recap?
We have an alert set up just in case we have a breakout and this is where you'd probably want to set yours to
My friend, but yeah like
Just just be careful. Cuz we could definitely see lower prices if we cannot
See higher price like that's the way it works right you got the Bulls
That are trying to create a reversal right there trying to rally the other bulls
And if they try like this wick they tried and they failed
You're not gonna. Have a good time and let me let me tell you something else guys
That was going on oh
Yeah, this looks this was great too to show you
Looks like we're yeah we got
Pretty much a symmetrical triangle on our MACD going on what does that mean? Well your momentum is coiling up to make a move so?
That might be good, but that could also be really bad based on all the other in these indicators up here. That's really bad
We're cooling up to maybe to make another move down
But if we get to this level and the Bulls show up we could have a huge breakout
And then we would probably want to have a swing higher on our swing high
Probably use this swing high right here
Yeah, we can use this one or this one. I'm gonna use this one if we wanted to but do targets
So maybe if we broke out here our first place to take profit would be right here at
3923 our second place would be the six one eight at forty one thirty two
So that's the way we would trade this possibly
But you know and I'm doing this just because got the overall trend right now is
terrible so if we are gonna get a trade we might that's all we're gonna get we may not get a
Traversal we must break out and then come right back down you come up here
And you hit the six one eight everyone takes their profit no no one cares
They all make their money, and then they all get out and we go right back down and we're still in a bearish trend
so
Just things to think about
Alright guys
So again, I really do appreciate you joining me on this Sunday
It's it's been a good one we had our livestream last night one over two hours
Got a lot of coins, and we think we did about thirty coins
And now analysis on thirty coins so one coin. We talked about you know you just saw the
You know recap the you know a da so
What happened we broke out guys beautiful look how wonderful? It was on our?
MACD and when we go to the for our because that's where we were last night
Look at that. It's just like a symmetrical triangle look. It's just like this
When we have bullish divergence and bearish divergence at the same time it is the same stuff we have
Contraction of momentum just like on our triangle where we would have contraction of price action right so I hope you learn something
With the MACD oh that's what we're here for to try to teach you cool stuff with different indicators that we use
So what's going on a decent amount of volume cool?
But the biggest thing is we have broken out of the upper trend line of a downward sloping channel that has been around
It's been developed since January 4th January 5th all the way to a genuine or W
Airy 25th
That's that's like almost two months
Because when you have patterns like that
Long developing patterns, and you have breakouts that is a big deal, and so here. We are last night talking about it
And so yeah like look if you're you just want to trade this
This is where we had our swing high and swing low here was the swing high because it was higher than our previous high
Not in here, but that's okay. We were in downtrend. This is where we chose to have our swing high down here
Guys this is about trading, this is not about getting greedy
But every time you buy or sell you have to have a plan if I asked you if you're saying you were gonna get into
Something something I'm gonna ask always is
What's your plan? Where's your stop-loss? Where do you plan to take profit? Well if you say I don't know ray
I'll say okay. Well here top to bottom to find our targets with our fibs, so what last night
We talked about it completely
First profit-taking level if you wanted to be a liberal
Be taking profit right here at the six one eight
Where'd your stop-loss be it's not below us probably gonna be
around here
And here's the thing
I'm not saying right now to buy by any means yeah, you still have a lot of room left
But you know the higher this price goes
The more overbought you're gonna get so chances are you're gonna have some sort of retrace
To cool off so we can we can continue our run-up, but you should have been buying around around here, okay?
and let me let me show you the difference in risk and reward so look if
That was the case this was our risk reward risk
You see this. I know they're better tools guys. I'm working on you know trading view I come from thinkorswim
There's a lot other stuff there, so I'm still still learning getting acclimated with trading view so
Thinkorswim is an amazing
Trading platform for stocks and stuff so look here is your reward
All you have to do is look at these two lines to understand
Why we would trade this is the way you always want to trade if you
Have your risk and it's like this you're doing something wrong you never want to have risk reward like that so you always want to
Know your risk to reward ratio
You always want to know your stop-loss where you're setting it
And you'll always want to know where you're gonna be selling taking profit
Guys that is the only way we do it at hyped on crypto comm know there's no other way to do this
Okay, you can be long that's fine. I'm long in some positions. I'm also very liquid in cash guys
Don't get caught with your pants now. We've talked about this in the last room last night always have cash on hand
So you can take advantage of trades when they present themselves like a DA. We waited two freakin months for this all right?
So I just want to say congratulations to you know several of you that are in this trade. I got some direct messages, so
Awesome, I'm glad that the livestream helps you and if you are a new sub we've gotten record levels of new subscribers
in the past
36 hours I do want to say thank you so much for the support it means everything to me
You are giving me validation to keep making these videos keep showing you these trade setups how to trade where to steps
but how to have a strategy in your trades, so
Guys I hope this really helped out
You know I just wanted to it's our first lightning recap. We've done
You know we're just we're still growing together
so I
Hope you enjoy this if you did enjoy this first lightning recap hit that subscribe button hit that like button and hit that Bell
Leave your comments below, so I know if you want me to keep doing these Lightning recaps from our streams or not
so
Also one other thing I want to do I want to talk about I'm a little upset with Allan
He's our he's our admin over at heightened crypto comm he recommended what?
You know cam for me to buy, and I swear every day. I look different so like today
I look like a white Walker yesterday. I looked fine. I'm just like so I forgive me for looking so pale
I don't I mean maybe I am pale, but like God like if you look at the live stream last night
I didn't look like this. It's just weird contrast, so so I'm just ranting I get to do that sometimes as a TA guy
I'm analytical but
Nevertheless so guys. Thank you so much for watching until next time stay hyped
You
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