How to trade Binance Future Trading support and resistance Part2

Summary

In 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

00:00

📈 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.

05:02

📉 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.

10:02

🚀 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.

Keywords

💡Futures Market

The Futures Market is a financial exchange where traders can buy and sell contracts to buy or sell an asset at a predetermined price at a future date. In the video, the speaker aims to turn fifty dollars into ten thousand dollars by trading in the Futures Market, demonstrating the potential for significant gains through strategic trading.

💡Support and Resistance

Support and resistance are fundamental concepts in technical analysis, representing price levels at which an asset's price tends to stop falling (support) or rising (resistance). In the script, the speaker uses these concepts to predict market movements, such as anticipating a market drop when the price touches key support levels multiple times.

💡Technical Analysis

Technical analysis is a method used by traders to forecast the direction of prices through the study of past market data, primarily price and volume. The video's theme revolves around using technical analysis to make informed trading decisions, as exemplified by the speaker's prediction of market behavior based on historical price patterns.

💡Leverage

Leverage in trading refers to the use of borrowed capital to increase the potential return of an investment. The script mentions a 12x leverage, which means the speaker can control 12 times the amount of capital they have, thus amplifying potential profits or losses.

💡Limit Order

A limit order is an instruction to buy or sell a security at a specific price or better. In the video, the speaker discusses placing a limit order to enter a trade, which allows them to specify the exact price at which they want to buy or sell, rather than trading at the current market price.

💡Market Order

A market order is an order to buy or sell a security immediately at the best available price. The speaker contrasts this with a limit order, noting that a market order would have allowed them to trade immediately, capturing profits as the market dropped.

💡Pivot Points

Pivot points are technical indicators used in trading to predict future price movements based on the high, low, and closing prices of the previous period. The speaker mentions pivot points as a reason for choosing a particular platform for trading Futures, indicating their importance in technical analysis.

💡Bear Flag

A bear flag is a continuation pattern in technical analysis that signals a potential decline in price after a downtrend. The speaker suggests the formation of a bear flag in the market, indicating their expectation of further price drops based on the market's recent behavior.

💡Stop Loss

A stop loss is an order placed with a broker to sell a security when it reaches a certain price. The speaker emphasizes the importance of setting a stop loss to limit potential losses in case the market moves against their prediction.

💡Discord

Discord is a communication platform that the speaker uses to share trading ideas and signals with their community before they are published on YouTube. It serves as a real-time hub for trading insights, allowing members to make informed decisions quickly as market conditions change.

💡Trading Signals

Trading signals are recommendations or suggestions for entering or exiting a trade. The speaker mentions providing free trading signals on their Discord server, which can help traders make decisions based on the speaker's analysis and predictions.

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