How I Make $1,000/Day with ONE Simple Crypto Strategy [100x Trading Tutorial]

Summary

In this video, the creator shares a proven crypto trading strategy that helps them make over $1,000 per day on average. The strategy focuses on trading within established ranges, identifying market structure shifts, and using Fibonacci retracement for optimal profit-taking and risk management. The method is simple, mechanical, and works on any coin, whether Bitcoin or altcoins. Viewers are shown live examples to illustrate the process, with an emphasis on trading above the 15-minute time frame. The video also teases an upcoming crypto signals service for those who can't trade full-time.

Takeaways

• 😀 Trade above the 15-minute time frame to avoid blowing up your account and ensure a higher probability of success.
• 😀 Identify the Range High and Range Low to trade within established price ranges, as 80% of the market operates within ranges.
• 😀 A market structure shift is crucial for identifying the Range Low; a lower low followed by a shift signals the beginning of a range.
• 😀 You don't always need to trade with the trend, but trading with the trend can increase probabilities by 5% or more.
• 😀 Wait for a market structure shift and price to close back into the range before taking your trade entry.
• 😀 Use risk management techniques like closing 25% of your position at the 0.5 Fibonacci level to lock in profits and reduce risk.
• 😀 At the 0.79 Fibonacci level, close 50% of your position and consider trailing your stop or moving to break-even to protect profits.
• 😀 Always use Fibonacci retracement levels (0.5, 0.79, and 1) to set profit targets and manage risk during a trade.
• 😀 Be cautious with the 0.5 and 0.79 levels, as these are potential reversal zones, and adjust your position size accordingly.
• 😀 Consistently apply the mechanical approach of identifying Range High, Range Low, and market structure shifts for reliable trading setups.
• 😀 The strategy works for various crypto coins and time frames above 15 minutes, with an emphasis on market range and structure shifts.

Q & A

What is the key principle behind the crypto trading strategy shared in the video?

The key principle is trading within a defined range using a mechanical approach, focusing on identifying Range High and Range Low, and executing trades based on market structure shifts. This strategy works across various cryptocurrencies and timeframes above 15 minutes.

Why does the presenter emphasize trading only on timeframes above 15 minutes?

Trading on timeframes below 15 minutes can lead to account blowouts due to the inherent volatility and noise on smaller timeframes. The strategy is designed to work more effectively on timeframes above 15 minutes.

How can you identify a Range High in the strategy?

A Range High is identified when the price makes a high after a push in one direction, which is then followed by a pullback. This high becomes the Range High for the trade.

What is the process for identifying the Range Low in the strategy?

The Range Low is identified by looking for a market structure shift. This occurs when a lower low and lower high pattern breaks and a new low is formed, which signals a market structure shift and establishes the Range Low.

What is a market structure shift and why is it important?

A market structure shift is when a prevailing trend breaks, such as when a lower high is broken by a new low, signaling a change in the direction of the market. It is important because it marks the point where a new range is formed, helping to establish both Range High and Range Low.

What is the significance of risk management in the strategy?

Risk management is critical because it ensures that even when a trade doesn't go as planned, the trader minimizes losses. The strategy includes setting stop losses, taking partial profits, and adjusting stop-loss positions to break even or locking in profits.

What are the Fibonacci retracement levels used in the strategy?

The Fibonacci retracement levels used are 0.5, 0.79, and 1. These levels are key for identifying potential reversal points, and traders can close portions of their positions at these levels to manage risk and secure profits.

What should a trader do when the price reaches the 0.5 Fibonacci level?

At the 0.5 Fibonacci level, the trader should close 25% of their position and set the stop loss to break even to protect the remaining trade in case of a reversal.

When should a trader close the entire position in the strategy?

The trader should consider closing their entire position when the price reaches the 0.79 Fibonacci level, though the trader can also trail the stop loss if the momentum suggests further movement in the desired direction.

How does the strategy apply to different cryptocurrencies or markets?

The strategy can be applied to any cryptocurrency or market where a similar range pattern and market structure shift are present. The same principles of identifying Range High and Range Low, along with managing risk via Fibonacci levels, apply universally.