How to trade Binance Future Trading support and resistance Part2
Summary
TLDRIn this part two of the video series, the host outlines a strategy to turn fifty dollars into ten thousand by trading the Futures Market. The video includes a recap of previous predictions, a detailed analysis of support and resistance levels, and a demonstration of leveraging trades for significant gains. The host emphasizes the importance of technical analysis, showcases a 300% return on a trade, and invites viewers to join a Discord server for early access to trading signals and community support. The video concludes with a preview of part three and an invitation to trade on Buy Bit for potential welcome bonuses.
Takeaways
- 📈 The video series aims to turn fifty dollars into ten thousand dollars by trading the Futures Market.
- 🔄 The speaker recaps the previous video, emphasizing the importance of watching the series from the beginning for continuity.
- 📊 The market's behavior is analyzed using technical analysis, particularly focusing on support and resistance levels.
- 📉 A prediction was made in the previous video about the market dropping, which was based on the market touching key support levels multiple times.
- 💡 The speaker highlights a general rule in technical analysis: if the market touches a specific level more than three times, it's likely to break it on the fourth attempt.
- 🤑 The video demonstrates how leveraging can significantly amplify profits, as shown by the 300% return on a trade using 12x leverage.
- 🚫 The speaker mentions the missed opportunity in the previous trade due to using a limit order instead of a market order, which left them behind as the market moved quickly.
- 🔄 The video includes a walkthrough of closing a previous trade and placing a new one based on the current market conditions and analysis.
- 🔗 The speaker promotes a preferred broker, Buy Bit, and mentions a private Discord server for sharing trading ideas and signals before they're published on YouTube.
- 📉 The market's potential to form a bear flag and drop further is discussed, suggesting a short-term long position with a take profit at specific levels.
- 🔄 The speaker admits a mistake in placing a trade without using the full collateral, leading to a reduced profit and the decision to retake the trade in a future video.
Q & A
What is the main goal of the video series?
-The main goal of the video series is to demonstrate how to turn fifty dollars into ten thousand dollars by trading in the Futures Market.
What is the significance of support and resistance in the video?
-Support and resistance are key technical analysis concepts used to predict the market's direction. The video discusses how the market is expected to behave based on these levels.
What does the speaker predict will happen to the market after touching a key level multiple times?
-The speaker predicts that the market will likely break the support level after touching it more than three times, leading to a drop in the market.
What leverage was used in the trade mentioned in the video?
-A 12x leverage was used in the trade discussed in the video.
Why was the trade not caught in the previous video?
-The trade was not caught in the previous video because a limit order was used instead of a market order, causing the market to move too quickly and leave the order behind.
What is the speaker's preferred platform for trading Futures?
-The speaker's preferred platform for trading Futures is Buy Bit, although the video series focuses on trading on Binance.
How does the speaker suggest joining the trading community?
-The speaker suggests joining the trading community by trading on Buy Bit using the link provided in the video description, which also gives access to a private Discord server.
What is the purpose of the Discord server mentioned in the video?
-The Discord server is used to share trading ideas and signals before they are published on YouTube, allowing members to make informed decisions quickly as the market moves fast.
What is the potential mistake the speaker made while placing a trade in the video?
-The potential mistake made while placing a trade was not using the full collateral amount, which resulted in a smaller profit than expected.
What is the speaker's strategy for taking profit in the market?
-The speaker's strategy for taking profit involves placing limit orders to sell when the market reaches a predetermined price, based on technical analysis and support/resistance levels.
What does the speaker suggest for those interested in trading alongside him?
-The speaker suggests using the link in the video description to start trading on Buy Bit, which will also grant access to the Discord group for early market analysis and trading signals.
Outlines
📈 Trading Strategy Recap and Market Analysis
This paragraph recaps the trading journey from $50 to $10,000 in the Futures Market, starting with a review of the previous video where the market was expected to drop due to support and resistance levels. The speaker predicted a market decline and demonstrated how the market touched key levels multiple times before breaking support, leading to a significant drop. The leverage used was 12x, and the potential profit from the trade was calculated, showing a 300% return on the initial $50 investment. The speaker also discusses the missed opportunity due to trading on a limit order instead of a market order and emphasizes the importance of technical analysis in predicting market movements.
📉 Market Support and Resistance Analysis with Trade Execution
The speaker identifies a new support level and a 99 simple moving average, expecting a potential market break to the downside. Based on this analysis, a long position is initiated at a specific price point, anticipating a market rebound. The advantages of trading on Buy Bit over Binance are highlighted, particularly the visibility of limit orders. The speaker reviews the market's performance over 24 hours, confirming the prediction of a drop to the key level and subsequent rebound. The importance of technical analysis tools and the speaker's experience in using them is emphasized. A possible bear flag formation is discussed, along with a strategy for short-term long positions with take-profit levels set based on market trends and previous support levels.
🚀 Adjusting Trading Strategy and Future Predictions
The speaker discusses the market's direction, which aligns with the initial prediction, and acknowledges a mistake made in placing a trade without using the full collateral. The trade, which was in profit, is canceled to re-enter in the next part of the video series. The speaker also talks about the potential for the market to form a bear flag and suggests a short-term long position with a take-profit level based on the trend line. The importance of joining the speaker's Discord community for early access to trading signals and market analysis is highlighted. The speaker, Vusi, invites viewers to use the provided link to join the trading platform and community, promising further insights and strategies in the upcoming videos.
Mindmap
Keywords
💡Futures Market
💡Support and Resistance
💡Technical Analysis
💡Leverage
💡Limit Order
💡Market Order
💡Pivot Points
💡Bear Flag
💡Stop Loss
💡Discord
💡Trading Signals
Highlights
Introduction to a video series aiming to turn fifty dollars into ten thousand dollars through trading in the Futures Market.
Recap of the previous video where the market was expected to drop based on support and resistance analysis.
Explanation of a prediction made in the previous video that the market would drop, which was accurate.
Discussion on the technical analysis rule that a market is likely to break a support level after touching it more than three times.
Demonstration of a 20% drop in the market and the use of 12x leverage in trading.
Mistake made in a previous trade due to using a limit order instead of a market order, causing a missed opportunity.
Calculation of potential profits from trading with leverage, showcasing the rapid growth of investment.
Introduction of a new trade direction after a significant market drop and the importance of adapting to market changes.
Recommendation of using Buy Bit as the preferred broker for trading Futures Market with a link provided in the description.
Invitation to join a private Discord server for early access to trading ideas and signals before they are published on YouTube.
Explanation of how to trade on Binance and the preference for Buy Bit's user interface for Futures Market trading.
Review of the technical analysis prediction that the market would drop to a key level and then bounce back up.
Discussion on the potential formation of a Bear Flag in the market and its implications for future trading.
Emphasis on the importance of being part of the Discord group for immediate and informed trading decisions.
Calculation of profits from a recent trade and the strategy of taking profits at key levels.
Mistake acknowledged in placing a trade without using all available collateral and the impact on profits.
Cancellation of a trade and the plan to retake another trade in the next video of the series.
Introduction of Vusi Designer and an invitation to watch the next part of the video series for continued trading strategies.
Transcripts
welcome back this is part two of our
video series where we turn fifty dollars
to ten thousand dollars trading the
Futures Market let's get started by
firstly recapping on our previous video
which is part one again I'll leave that
video in the description of this video
so that you can always make sure that
you're watching from the beginning of
the series so when we recorded that
video the market was trading around in
this key area right here
and I told you guys that I was expecting
that the market was gonna drop because
of support and resistance that we drew
on that video in fact here's a snippet
from this video and my prediction is
that we're gonna get another damp coming
down to these key areas here on the
market so that's why I want to take this
time to short the market as you guys can
see immediately after that the market
started tanking down not only that but
also in our previous video I spoke about
this support and resistance and this is
what I spoke about on our previous
videos I said you can see that the
market is touching these key levels here
on the chart which is support and I told
you guys that once the market actually
come to test these levels here more than
three times on the fourth attempt it
will most likely break to the lower side
and here's a clip from that video
the market has actually came to touch
these levels here many times you can see
like that
went up and came to touch it one more
time before going up right now and I
believe it's going to come down here so
the market came and touched these levels
more than three times and a general rule
when you're trading technical analysis
is that once the market come to touch a
key specific level on a chart more than
three times it will most likely will
break it so that's what we're expecting
here is that the market will now
eventually break this support as you can
see here we had one two three key levels
on the market where we had a support and
like I told you that when the market
comes to touch these levels more than
three times the fourth one will most
likely to break as you can see here on
the fourth attempt which was this case
here indeed after that the market
dropped immediately and this is crazy
guys and I'm just gonna show you guys
the percentage from this higher low here
to here it's about 20 again if you'll
recall on that video we were actually
trading around 12x leverage that's the
leverage we're actually using on that
video so again this is a 50 trading
Challenge on that very same video you
guys will recall that we weren't able to
to catch the trade simply because we
were trading on a limit order not a
market order so the market actually left
us behind and we were unable to actually
catch this trade over here but now you
can start to see that if you come here
with 12x leverage we're taking our fifty
dollars I'm just gonna move this this
side we're taking our fifty dollars and
we times that by 12 which is our
leverage size that gives us a purchasing
power of 600 US Dollars and now we can
actually divide this by coming back here
our Enterprise was 0.317
and then the market drops to
0.25 so we come back here and we divide
this by 0.25
times point
three one seven
now with minus from this that 600
initial collateral and here we can see
160 dollars now remember we're starting
off with fifty dollars which means that
our trade in this case is more or less
300 percent so that's how quickly you
can start making money when you know
exactly what you're doing in this video
we're going to be placing a trade
because obviously now the market has
dropped significantly and we need to
take a new Direction so that means I'm
going to come here on binance and
actually exit out of this and since that
we still have the trade that we had
opened previously I'm gonna go ahead and
just close this obviously the market
left us behind again you should always
check the first part of the video and if
you guys want to trade alongside with me
make sure that you find the link in the
description of this video to buy bit buy
bit is my number one preferred broker
when it comes to trading the Futures
Market obviously a lot of you have been
asking me show us how to trade on
binance that's why I'm making this video
series how to turn fifty dollars into 10
000 dollars here on binance otherwise I
prefer trading on buy Beats in fact if
you trade with the link in the
description of this video you'll also
get access to our private Discord server
where we share these trading ideas in
fact before these videos Hit YouTube
their first you know distributed on
Discord that's where you can make
informed decision immediately as the
market moves very very fast so make sure
that you join out this course as we
actually share with you free trading
signals everything is for free we're not
selling anything so let's just come back
here and go ahead and cancel the trade
so I'll go ahead and just cancel this
you can see that trade is now canceled
so now we have to place a new trade you
can see the market dropped there we have
these weeks here on the candle but now
you can see there's a level of support
around this key area here and over here
we've got a 99 simple moving average I
was expecting that these candles here
were going to break to the downside and
if that's the case then I'm expecting
the market to come and re-test these
levels here before pumping back up for
that reason I only you know be
comfortable on going long from this
distance here and the price is going to
be 0.25
triple nine
so I'll just come back here and I'll put
the price
in this case we want to go along once
the market touches that key levels you
can see our order is now placed
successfully as mentioned previously
it's better when you're trading on buy
Beats because on buy Beats you can
actually see exactly where you have your
limit order otherwise here you cannot
necessarily see that's why I also think
that pivot is the best platform to be
trading the Futures markets again find
the link to buy bit in the description
of this video that link alone gives you
up to thirty thousand dollars on welcome
bonuses so that's what I'm expecting
here on the market
foreign
so it's been over 24 hours since we
placed our trade around this key area
here and now it's time for us to
actually come and review our technical
analysis and whether or not our
predictions were correct let me go ahead
and just zoom in here
or maybe I can even expand this you guys
will recall that earlier on WE predicted
that the market was gonna drop from here
and drop down to this key level before
bouncing back up and indeed something
like that did happen if you zoom in here
you can see
or maybe let me just go ahead and just
clean this up
at that time we predicted that there
will be a support over here on top and
then the market will then
take a 10 you know since it was bouncing
off here and I was predicting that it
was gonna come down before you know
going back up here now you can see that
we were very close the market almost
came to touch this line here again this
issue is happening for the second time
within this video series of trying to
ten fifty dollars to ten thousand
dollars but once you actually get to a
point where the markets can come and
touch your price again you can modify
this if you want to go at a market price
meaning at this stage when we were
predicting the market was going to fall
from here if you want to short
immediately then you can use Market
order to trade immediately in that case
you will always have your trade executed
and you'll be making money as the market
drops because you can see that overall
our prediction is absolutely spot on and
the reason why it's so spots on is
because we're using this technical
analysis tools and guys this is
something I've been doing for a very
long time so I sort of like have a clear
understanding how the Market's gonna
move obviously my prediction may not be
as precise but you can see that overall
even if you watch our part one video you
can see that overall the market tend to
take the direction that I have predicted
if you're on Discord you'll realize that
I published these videos very very early
and always here on YouTube you have to
wait until you get uh sort of like your
HD version of the video before you
publish it so make sure that you part of
our Discord group again guys it's free I
don't sell any information about trading
I just make information that I think is
going to be available for you guys so
what we can see now is that there is
obviously now a trend over here
so maybe the market is
you know developing a channel like this
and this more or less can be something
called A Bear Flag
if we zoom out here you can see that the
market had a huge drop here so maybe
what we see here is that the market
dropped
and start trading sideways like that
right before dropping even further down
like so so that is very possible but
right now will actually be a good time
perhaps to go long short term but your
long position in this case is coming to
take profit at these stages here again
guys this is going to be really
interesting once you get on our Discord
because as I share this information with
you you can then take advantage of the
price movement and start trading
immediately for example we can see that
this call that we made here made a one
point eight percent almost two percent
actually two point ten percent
you can see that's two point ten percent
so if you're trading let's say a
thousand dollars with a 10x leverage
that is more or less about 300 just
about 300 in profits and again now I'm
giving you another signal from here that
the market will most likely come and
retest here on top again another two
percent so you can see that as you
become more consistent on trading like
this then you can end up making a lot of
money in the future perhaps let's place
a trade here from this line here and
take a profit on top here because we're
on the same candle I will still go on a
limit order because this candle right
here
for me I think
this candle right here can still come
down here or even retest these levels so
again
this is going to be your choice I tend
to do limit orders because I know that
the market is volatile so in this case I
can maybe wait
for this candle to actually come and
touch this line and I'll then take
profit once it retest this this level
here on top the reason why that is my
take profit is simply because you can
see if you come right here you can see
that we've got this support here on top
you can see that the market came there's
several times but the most important
support here is going to be this trend
line here on top so now I've got my
Enterprise here and I'll put my take
profit at this price here which is 2 6
double nine again you must make sure
that you also put your stop loss here so
I'll go ahead and buy it long
all right so as I was busy editing this
video I just realized that the market
was taking the direction that we had
initially predicted you recall that uh
earlier on where we were saying that the
market is going to drop to this key
Point here then we went with a long
position and you can see that this trade
is now in profit however I made a
mistake when I was actually placing the
trade I didn't place a trade with the
rest of my collateral so as much as this
account was now up by 18 now it just
dropped to about eight to ten percent
and we're not necessarily making money
so I'm gonna cancel this trade for now
and I'll retake another trade on part
three of this video series where we turn
fifty dollars to ten thousand US dollars
so I'll see you guys on part three of
this video series where we try to tend
to fifty dollars to ten thousand dollars
hopefully we can make these videos up to
10 videos so that you can see my style
of trading but obviously if you want to
trade alongside with me and join our
community you can do that by trading on
buy bit using the link in the
description of this video by bit is my
number and preferred exchange when it
comes to trading cryptocurrencies
especially trading Futures markets I
think the user interface is really
amazing compared to anything that is
available out there on the market now go
ahead and use the link in the
description of this video start trading
on private you will then use your uid to
get access to our Discord where you can
actually get access to these early
videos where we're doing market analysis
and giving you all these trading signals
my name is vusi designer I will see you
on the next video If you haven't watched
part one of this video series I'll
actually link it in the description of
this video or it will be popping on your
window right now go ahead and watch it I
will see you there goodbye for now peace
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