How I Trade Crypto Bounces

[@ChartGuys]

TradrPro Crypto Alerts System tradrpro.com/ FREE Technical Analysis Course: www.chartguys.com/trading-courses/7/technical-analysis Trading Candlesticks Course: www.chartguys.com/trading-courses/5/essential-candlesticks Entries & Exits Course: www.chartguys.com/trading-courses/2/entries-exits Join our community of thousands of analysts working together to learn the charts, generate profit and achieve financial independence. Live market coverage & exclusive educational content. Get trading support and on-demand technical analysis for your requested tickers. Sign up today at: www.chartguys.com/community Get the latest market updates and technical analysis on your favorite social media platform. Twitter twitter.com/ChartGuys Facebook facebook.com/thechartguys Free Facebook Group facebook.com/groups/thechartguys Instagram instagram.com/thechartguys/ Stocktwits: stocktwits.com/ChartGuysDan TCG Clothing: dogoodthings.chartguys.com/ Any advisory or signal generated by TheChartguys.com is provided for educational purposes only. Any trades placed upon reliance on TheChartguys.com systems are taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading securities and options there is also substantial risk of loss in all trading. You must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell futures, options or commodity interests. TheChartGuys.com is not registered as an investment adviser with any federal or state regulatory agency. The information contained within this Web site, including e-mail transmissions, faxes, recorded voice messages, and any other associated messages/media (hereinafter collectively referred to as “Information”) is provided for informational and educational purposes only. The Information should not be construed as investment / trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any securities mentioned.

[@gorginhanson]

Dan is crypto directly linked to the NASDAQ? I noticed both tanked after Nov 15. If so do you believe that the market will tank again on Monday since BTC fell over the weekend? Or is this a delayed reaction to the market falling on Friday? Lastly do you believe we will test 30k BTC and will the bulls defend that level like they did when China banned mining?

[@jim8790]

I really enjoyed this stream! Still relatively new to trading and investing and found this extremely valuable. Probably the best explanation/presentation on the topic that I’ve come across. Much appreciated

[@ZM-re1oi]

First! Love you Dan. Been watching you for 6 years now! Thank you

[@stonz_camp]

Dan is the man.. Probably the best with TA in all of youtube.. No, FUD no FOMO, my friends! Love ya, Dan, keep up the good work!

[@isabelandmom3103]

Chris M gave you a shout out. Great video. TY!

[@golfcon]

Great analogy on the Ammo…..use only 10 percent unless you are very confident its the bottom

[@0ISTARDUSTI0]

great video as always. Very insightfull. Thanks Dan!

[@jernejpecjak5061]

What about the style that you add a small amount of money on every leg down (not selling it before some big bounce takes place) and with that lowering the cost average down? Only problem I see is starting that too early and then when the bounce happens you would still be in red because the cost would not be so much lower... Anyway, do you expect a liquidation flush if 28k breaks and V-shape in that point in time? I mean, if it happens soon, not if we grind down whole week to that level...

[@10secondsrule]

Thank you Dan informative as always!

[@metavinci427]

I used to trade these OSBs similarly but in triads with increasing steak as we find the trend change. It’s exhausting. Now I use a similar strategy but on larger time frames to accumulate for monthly swing positions. It takes a different kind of (zen) patience and blind faith (+ $/time) to ride underwater for longer durations. I’m still holding some ADA from prior bottom but missed adding at that sub$1 as I was not available. I will peel off position size on higher bounces as I expect us to then test $1 again. whatever I get stuck holding just becomes more in the No touch bag at these levels.

[@drpaul4296]

Thanks Dan, this is really generous - and generative.

[@th39uan60]

First, thanks dan for every bit of knowledge you have shared for the last 4 years... What are your thoughts about setting bids before going to bed (for the possibility of that last dump last night expecting more extreme short term oversold levels)?

[@ChartGuys]

Personally I would rather set alarms and wake up for more control. I probably had a learning experience in the past from that. You are welcome!

[@summawub]

Thank you, Dan. I'd love for you to explain in a bit more detail what it means for the RSI to cool off. I assume it means RSI recovers back to more normal range and has already been so beat up it takes an even more extreme dip to push it below 20 again.

[@duttybear]

Thanks for another great video Dan. From what you're saying it doesn't sound like you have a stop loss for your core position(s) at the moment because you want to have that core position. Is that correct? Cause you mentioned below you don't put in bids when you're sleeping, so I'm just wondering how that affect this strategy?

[@ChartGuys]

Correct, I put stop losses on additional positions as they are added

[@DylanDValentine]

thanks for sharing this on the yt!

[@alupangguam7560]

I just round tripped Centris Energy from 40 to 88 and back to 40. I did take some profit at 57 but greed got the best of me. 90% cash again; sigh.

[@afrosamauri2282]

wicked info thanks learning loads

[@filemajstor2103]

Thanks. Can you explain why Eth and Mana?

[@ChartGuys]

I have been watching and trading them for a while

[@Icicle88163]

this was such valuable info ty

[@waltermatthewberg]

I like the ammo analogy. I start scaling in with 1% orders then I go bigger as the price falls because it is more certain and the gains of the bigger orders offset the losses of the earlier orders. If there is a 10 or 20% flush in a couple minutes then I go nuclear.

[@ZackZeysto]

I thought about disproportional scaling in as well. That is like Dans analogy of matching the agressive of bears. Waterfall decline, our exponential scaling in positions.

[@time_merchant_]

Thanks for every bit of knowledge you put out there Dan, it's much appreciated, you're a good man. P. S. Also dig the road tripping series. All the best!

[@nikolamilivojevic1942]

I really doubt that we will see a flush and huge number of liquidations at this point. People are using leverage when btc is at 60k (sadly) so there are not a lot of people who will be liquidated if we drop further from here. I think it will be much harder to find a volume peak at such low price levels. Even if we trigger stops that are below 28k, I doubt that it will be as wild as that 43k to 30k one day candle that we had. Still, the people who actually nail the low from here, will probably nail the yearly low for this year regarding the crypto space. Thanks for this video Dan.

[@boccobadz]

Come on, long to short account ratio is still about 3.5 to 1 which is ridiculous when we're topped in November. Too much hopium still, but max pain will lead to liquidation cascade

[@wearetheremnants1615]

Under 28k it's adios bull market for sure

[@nikolamilivojevic1942]

@@wearetheremnants1615 maybe, but how much can we fall below 28k? There are surely people waiting to defend the 20k area and buy the shit out of bitcoin. Best case scenario for both bears and bulls is that we hold 20k and keep bouncing from 20k to 30k and vice versa

[@Twinkieboy333]

Dan the man!

[@Ron-ry6nh]

Thanks Dan, I used to love trading oversold bounces, have to try get back in that mode. Have a great weekend

[@TheGoodGoodMan]

Thanks

[@maximeruffel2061]

"the daily RSI starts to cool off" > what do you mean ?

[@ChartGuys]

Some green candles form and the RSI bounces back from extreme oversold conditions

[@danielberman115]

@@ChartGuys Sorry, does that mean the RSI is starting to go back up. Is this what cool off means?

[@ZackZeysto]

For people like me that want to try such plays, you can set in trading view your alarm also to the RSI, so now we are daily and 4h oversold but not 1h. So you can set alarm for 1h-RSI ~20. An example of BTC i calculated: 4 bullets/positions (equal size). Entrys: 31.000 29.000 28.000 27.000 Stopp loss at around 26.000. Risk around 9,6%. So if you play with 10% of your account (every bullet is 2,5% of your account) that would be a loss of around 1% of your account.

[@handendaer]

"how The 1%ers set The 99%ers up"

[@AM2K2]

How come you don't fancy Solana? It is really beat up

[@ChartGuys]

Because you can say the exact same thing about 50 other coins

[@AM2K2]

@@ChartGuys True but BTC and ETH % moves versus SOL/AVAX/FTM/ADA etc on these bounces is huge.

[@T3RR0RVISI0N]

Cff

[@sagemaster3408]

I don’t know. This video seems to go against everything Dan is. Something is fishy about it

[@kbreez5834]

Not really.. Dan been playing oversold bounces as long as I can remember

[@sagemaster3408]

@@kbreez5834 exactly

[@ChartGuys]

@@sagemaster3408 Huh? There are tons of videos and live streams from me playing 2017-2018 bounces. This video is literally everything I am as a trader showing my edge and how I have made a significant amount of my gains in markets.

[@sagemaster3408]

@@ChartGuys I’m not saying you don’t have an edge with this tactic. In fact a lot of people use it and it works. I guess what I meant to say is the fact that you did it at that moment surprised me. I understand that u play oversold bounces. You talk about them in every video But for u to do it at those moments and on that day. That surprised me. That’s all.

[@sagemaster3408]

@@ChartGuys and don’t say that “that is everything you are as a trader”. Your probably one of the beat TA out there. You are way better than just buying oversold bounces. So many people owe so much to you You changed me and my family’s life. And trust me it wasn’t because of playing oversold bounces :). Thank you for that .

[@holteenderrob]

Omg. Don't do this noobs whatever you do.

[@ChartGuys]

As the intro said, do it... with a tiny fraction of capital to practice.