Best Moving Average Trading Strategy (That Actually Works)
hello everybody and welcome to this video my name is anash in this video i'm going to talk about rsi indicator i'm going to cover everything you need to know about rsi i'm going to reveal some secrets in this video watch this video carefully until the end because this video can help you to take the wise decision in financial markets and let's begin in order to use rsi indicator you can use the site named tradingview.com after that up here in the indicator and strategy tab you can search for r s i which is going to be relative a strange index i'm going to click on it and you are going to see something like this this is rsi indicator and in this rsi indicator we have an oversold and overbought area whenever this index is above 70 we are in the overbought area and whenever this index is below theory we are in the oversold area and this is the classic usage of this indicator which i'm not using it because if you do that you are going to make a huge loss and most of the times price is in the overbought area for example here let me show you here it's overbought area and you enter a short position here and after that price will continue the uptrend movement and you are going to make a loss and loss and loss and you are going to getting disappointed okay and you end up making a huge amount of loss so you cannot actually use this uh technique to make profit in financial markets but there are some golden waste in order to use uh this indicator and i'm going to start to explain how the first usage of this indicator i can remember that it was a bitcoin you know on bitcoin i've done something really amazing and i've made a lot of profit and what was that as you can see in this rsi indicator we had a high here a lower high another lower high another lower high another lower high you can draw trend lines on the chart for example something like this and also you can draw the trend line on the rsi indicator you can draw this trend line this beautiful trend line and you can actually enter by position after the breakout you can remember that i have entered by position somewhere around here when rsi had a breakout i've entered y position and as you can see price has moved up dramatically and also you can actually buy the pullbacks uh for example here we had a pullback to this uh broken trend line and the rsi it's more beautiful this way and after that we had another uptrend to the upside so you can actually use this and you can actually make a huge amount of profit from using this technique right now we can see another combination for bitcoin you can see that we had a breakout here after this green candle you could enter by position you could make a small amount of profit and after that price moved down again i myself i've exited my buy positions because price moved down again and it was too risky but right now you can see that we are having a pullback and also we are in the oversold area here so we can think of entering some sort of by position because right now we are having a pullback to this broken trend line in the rsi and we are somewhere near this potential support area because this area on the bitcoin was a resistance here after the recap it was a support resistance resistance resistance support support and right now it will work as a support in my opinion we are going to see some higher levels on bitcoin and you can actually use this technique in order to make some profit so right now you know about trend lines in the rsi and also you can use this trend line as a trigger don't forget that trend lines in the rsi they will get broken faster than the price okay for example here from the downside of here up to the this level we had a trend line in the rsi it was a trend line of the rsi and this trend line has been broken here you can see that it was working here and don't forget that rsi trend lines uh they are going to get broken faster than the price as they're on the actual price so for example in the price the trend line has been broken somewhere around here but in the other side this trend line is broken somewhere around here so don't be fooled by some sort of broken rsi trendlines you have to have some sort of analysis after that you can use this trigger but if you are just going to draw trend lines in the rsi you are going to end up with a huge amount of loss okay don't forget about that because that's going to be too risky and we have too many examples about rsi trendlines i think you know what to do right now and how rsi trend lines works and i'm going to give you my final example about the rsi trendline for example here we had another trend line and this trend line is broken somewhere around here you could enter short position because price was moving down you were in the downtrend and it wasn't too risky and as you can see after that we had a pullback to this broken rsi line and another downtrend okay another movement to the downside so when price is moving down my strategy is waiting for the breakouts in the rsi and when price is moving up for example here price is moving up i'm waiting for bullish breakouts in the rsi for example here okay and i can enter by position here and i can enjoy the ride to the upside so this is my strategy about rsi whenever we are moving up i drop bearish trend lines i wait for some breakouts don't forget that rsi trendlines they are going to get broken faster than the actual price for example for the price if you draw this uh i think you would miss something like this and you would miss this uptrend but in the rsi you can actually enter faster and this is the way i using it and whenever price is moving down for example here price is moving down okay and right now we are in the bearish trend so right now i wait for some sort of bearish breakouts and that's what i do in cryptocurrency market and i think and other financial markets it's not only cryptocurrencies you can use this technique in any kind of market that you want and this was the first tip about rsi indicator in this video the second tip about rsi indicator is you can actually analyze the movements of bitcoin and rsi indicator okay for example on daily time frame for bitcoin you can check the actions of rsi and you can actually find some sort of formula for rsi as you can see each time in the rsi we move below theory and daily time frame we are somewhere around potential body okay this is what i have understand about bitcoin in daily timeframe it works on daily time frame and as you can see for example here we moved below theory and daily time frame and after that we had another small beard strand and boom boom boom okay for example here we were bilitary and after that you can see that here again and here again so you can actually enjoy these uptrend movements and here it was pretty scary because it took a long time to see a bounce to the upside okay sometimes sometimes it takes time but you can actually use it for your own benefit you can find some formulas about rsi for example for forex market too on euro dollar you can check rsi indicator you can see uh the actions of the rsi and you can actually find some correlations between rsi movement and the price on euro dollar on daily time frame it's working nicely too whenever we are below this level we are somewhere near a potential bottom okay not working as bitcoin but you can find other formulas about uh euro dollar rsr you can you have to monitor it in multiple time frames and after that you can actually use it for your own benefit and weekly time frame it works pretty well nice i have found something really nice on euro dollar and weekly time frame for example you can see that whenever we reach this 70 area and weekly time frame we start a bearish trend another beer strength it was here and here and also here and again it it was a failed signal because it took a long time to enter bullish bearish trend another signal was somewhere around here another one is here and you can see another signal here if you trade it on lower time frames you can actually make a huge amount of profit because we are not going to trade euro dollar and weekly time frame and for our time frame we could make a huge amount of profit on the areas that i have mentioned for example let me show you yeah for example if imagine you have entered short positions somewhere around here on four hour time frame and you can you could actually make a huge amount of profit you could even draw this trend line and you could enter short position up here and boom boom it's a huge amount of profit it's something like 400 pips of profit in euro dollar is too much another signal is up here another breakout is here you can actually enjoy this short position again and another downtrend so this is the way you can actually use this rsi indicator you can combine it with your technical analysis and after that oh my god this pattern is repetitive in euro dollar i have found a tree driver the first stop second tab third top after that boom boom boom first stop second up second up set top another down frame another downtrend and we have the bullish form two the first bottom second bottom third bottom the breakout and the upper not really the uh subject that i'm talking about i just found something on euro dollar chart okay so that's the way you can actually use rsi indicator let's get back to the bitcoin for bitcoin right now we have learned that we can draw trend lines and also we can check and monitor the movement and correlation between between bitcoin and rsi chart and right now i'm going to talk about divergence and i'm going to explain everything you need to know about divergence so if you enjoyed this video up to now i recommend you to give it some thumbs up because i'm going to give you some profitable tips in this video some more actually profitable tips so in the rsi we have divergence 2 for example bitcoin price was moving up we had a high here in the price a high in the rsi indicates and after some pullbacks price has moved up again to 40 000 and we had a higher high in the rsi indicates price continued the uptrend movement we had a high here and we had lower high in the rsi indicator this is divergence this is telling us that this trend is getting weak take care we might have some sort of reversal newbie traders and noobs they've been into short position up here when they see the first divergence this is this is the first tip in this video uh if you do that you are going to make a huge loss why because sometimes it takes several divergence in order to see a reversal in the price okay and after that as you can see price continued the uptrend we had a higher high in the price a lower high in the rs9 indicator we call this divergence okay this is really really important and also really risky okay and as you can see price had another high and after that we had another lower high in the rsi indicator after this three driver pattern we could actually enter a short position and we could see some lower prices in bitcoin another example is here price has moved down to this level we had a low in the price and low in the rsi indicator price continued the bearish movement we had a low lower low in the price lower low in the rsi indicator everything is good but as you can see we had another lower low in the price here but we had higher low in the rsi indicator noob traders are killing themselves right here they say oh my god divergence let's buy let's make profit and after that price moves up and the price will hit and trigger new traders establish because it takes several divergence in order to see a reversal in the price and as you can see we had another higher low in the rsi indicator and lower low in the price which is telling us another divergence is happening and we have bunch of divergence here we have this potential support area here we had the breakout from this trend line the breakout from this rsi train line and right here at this glorious moment we can enter by position and we can enjoy the profit okay if you want to analyze the chart perfectly you have to learn the mindset of analyzer and the mindset of a trader and in this video i'm teaching you how to think how to observe the chart how to combine technical analysis tools in order to make profit in cryptocurrency and other financial markets if you enjoyed my content up to now i recommend you to smash that subscribe button because every day we are going to have a daily live about cryptocurrency market about bitcoin and status we are going to analyze some profitable altcoins and i am going to begin my live trading free lives on youtube so i recommend you to smash that subscribe button and turn on the notification bell of this channel so why did bitcoin fall down from up here there were several reasons because for having a bearish trend in bitcoin the first reason was price was moving up it formed the high here at this upside after that we break below this potential alpine high which was pretty bad and also we had divergence in the rsi indicator as you can see we had a higher high in the price but in rsi indicator we had some sort of uh lower high because the high in rsi indicator was here okay when our when bitcoin price was forty thousand dollars the rsi level was here and we had uh divergence and sixty thousand dollars here rsi level was here and again we had divergence so that was the reason to see some lower levels okay but right now in the bitcoin chart we can see that we are above this potential support i see a small divergence in rsi indicator because right now you can see that we had a low in the price and rsi level was here right now we are having a lower low and rsi indicator rsi level is here again we need some confirmations okay we have the first divergence and it might take several divergence in order to see some higher levels in bitcoin so right now we have to take care too much because we need some more confirmations in order to see some higher levels in bitcoin okay that's the way you can actually use uh this indicator don't forget that we had this trend line for bitcoin let's check for our time frame let's try it better we had this trend line for bitcoin for some moment we break above this trend line after that we moved below it i think this trend line is still working and this area is working as a potential resistance as long as we are below this level we are still bearish and after the breakout from this uh trendline we can actually see some higher levels i hope you enjoyed my content uh don't forget to subscribe to my channel we are posting a daily technical analysis video and daily tips about technical analysis in financial markets if you are interested in learning uh technical analysis completely if you are if you want to use techno analysis like a professional i recommend you to subscribe to my channel and see you later [Music] so [Music] [Music] [Applause] [Music] you
2022-01-14 06:24
