Bitcoin Trading (Free Course) Lesson 13: High & Lows

Summary

In this 50-minute lesson from the advanced Bitcoin trading course by C0TT0NC4NDYTA, you'll gain insights into understanding the significance of highs and lows in trading, focusing primarily on eschewing traditional indicators in favor of mastering the pure market structure. The creator emphasizes the importance of reviewing the beginner's course before advancing, as the advanced content builds extensively on previously learned concepts. With detailed analysis of trends and fractal movement in markets, the video navigates through identifying swing highs and lows, marking significant levels, and recognizing the fractal nature of charts to become adept at predicting market changes, without relying on conventional trading indicators.

Highlights

• Trends are king! Understanding them is key to mastering advanced chart analysis. 🎯
• Indicators? Who needs them! They are just confusing artifacts of past data. 🚫
• Swing high and swing low analysis will change your perception of market dynamics forever! 👀
• Grasping the fractal nature of trades allows for superior predictions and strategic insights. 🔍
• Attaining mastery over trend starts and ends provides a competitive trading edge. 🚀
• Charting the path: master the initial patterns to harness the deeper complexities of market analysis. 🗺️

Key Takeaways

• Ditch the indicators! Embrace raw data and the majestic highs and lows of charts for real market insights! 📈
• Success in advanced trading necessitates a rock-solid understanding of the beginner's course. Don't skip the fundamentals! 📚
• Identify and master the crucial 'swing highs' and 'swing lows' to understand the underlying trends and make informed trades. 🔍
• Every high or low you spot is a doorway to deeper insights into market movements—treat them with respect! 🚪
• Develop an eye for trends within trends; the fractal nature of markets will reveal layers of opportunities! 🎨
• Remember, every uptrend or downtrend is a building block to leading the market game! 🏗️

Overview

In this enlightening lesson by C0TT0NC4NDYTA, you're taken on a deep dive into advanced Bitcoin trading concepts that'll kick those old trading indicators to the curb. With the mantra 'ditch the indicators,' this lesson challenges you to foster a deeper connection with raw market data by identifying the natural highs and lows in trading charts.

The lesson outlines the crucial importance of having a thorough understanding of the beginner's concepts, as everything from this point reflects upon foundational knowledge. Through an introduction to swing highs, swing lows, and trends, you're given tools to decode the intricate puzzle of market movements without getting bogged down by past data noise.

Prepare to have your trading game elevated as you explore how every candlestick, trend start, and trend end plays a pivotal role in forecasting market changes. The lesson underlines the elegance and complexity of fractal trading patterns, ensuring you can capitalize on every nuance presented by the market.

Chapters

• 00:00 - 00:30: Introduction and Purpose of the Course The introduction and purpose of the advanced course is presented by the speaker, referred to as 'cotton candy ta.' The speaker begins by welcoming everyone to the course, labeled as part one, called 'Lows and the Highs.' The speaker encourages viewers to subscribe and support their content through available donation options described in the video description. Viewers are also encouraged to follow related activities on Twitter and Training View for additional charts, daily interactions, and content releases. The chapter concludes with a welcoming note to the advanced course.
• 00:30 - 01:00: Misconceptions About Indicators In this chapter titled 'Misconceptions About Indicators,' the speaker addresses a common question regarding the use of indicators in trading. The speaker makes it clear that they do not use indicators and never intend to introduce them in their advanced course. The rationale provided is that indicators merely present past data without offering any reliable insight into future movements. The speaker emphasizes the futility of relying on indicators for predicting future market behavior.
• 01:00 - 02:00: Importance of Understanding Highs and Lows The chapter titled 'Importance of Understanding Highs and Lows' emphasizes that many commonly used trading indicators such as Elliott Wave, ABCD retracements, camouflage levels, and Fibonacci are considered useless. The focus of this chapter is on understanding the concepts of the highs and lows in trading. It refers back to the beginner's course for a more foundational understanding, suggesting it's essential to revisit those basics if unfamiliar with them.
• 03:00 - 08:00: Trends and Their Importance Market trends are highlighted as crucial in trading, emphasizing the importance of understanding levels for effective marketing. The chapter underscores the necessity of watching the beginner's course videos (1-10) thoroughly to comprehend the basics, which is essential before progressing to advanced lessons. Even seasoned traders are advised to do so for better understanding and to follow the advanced course effectively.
• 08:00 - 20:00: Identifying Swing Lows and Highs The chapter emphasizes the importance of fully understanding the beginner's course before proceeding to the advanced course. It warns that without a solid grasp of the foundational knowledge, tackling advanced topics, like identifying swing lows and highs, will be challenging and could lead to mistakes. The text encourages reviewing the beginner material multiple times until fully understood, highlighting the advanced course's demand for a greater aptitude for learning and the absence of quick methods.
• 20:00 - 30:00: Practical Example Using Ripple This chapter delves into a practical application of the Ripple technical analysis strategy. It revisits earlier lessons, focusing on marking the highs and lows of candle charts to identify key swing levels. The process involves marking swing highs and lows at monthly intervals to facilitate a deeper understanding of market movements. This approach serves as a foundation for more advanced technical strategies in cryptocurrency trading.
• 30:00 - 45:00: Diving Into Bitcoin Cash SV Example The chapter titled 'Diving Into Bitcoin Cash SV Example' emphasizes the importance of recognizing patterns in candlestick charts, highlighting the necessity of understanding high and low levels. This foundational knowledge prepares individuals for more advanced concepts in trading, providing them with the confidence and skill to adapt to complex scenarios in the future. The chapter underscores the value of training one's observational skills to better grasp advanced trading techniques.
• 45:00 - 50:00: Advanced Concepts Recap The chapter serves as a recap of advanced concepts previously discussed. It acknowledges that while the learners may have already been practicing these advanced concepts, they might not have fully understood how or why they worked, or how to expand on them further. The recap also ties back into the beginners course, suggesting that this chapter is part of a broader educational series. Key topics include understanding trends, specifically how to identify the start and end of a trend effectively.

Bitcoin Trading (Free Course) Lesson 13: High & Lows Transcription

• 00:00 - 00:30 hey everyone cotton candy ta here and welcome to advanced course part one lows and the highs all right if you're enjoying the content so far and haven't subscribed go ahead and do so if you want to support what i do you can find the donation details in the video description and if you haven't checked out the twitter and training view account i would strongly recommend you do so as i post up my charts and daily uh interac interactions there and activities and content release schedule things like that so without further ado welcome to the advanced course all right a quick note about the
• 00:30 - 01:00 advanced course i get asked this question quite a lot is uh when are you going to be introducing indicators and uh yeah good answer for you never um so i don't use any indicators at all i don't believe in them they do not show you anything relevant to data at all or identifying where a move is going to go or what a move is doing really all they're doing is giving you a set of data from the past they are they're giving you what has happened in the past but they can't tell you what's going to happen in the future regardless of what you may think about
• 01:00 - 01:30 elliott wave abcd retracements camouflage levels pivots uh fibonacci you name it they're they're all useless so so ditch the indicators we won't be using them okay so what's the low and the high so let's let's talk about that for a second uh and this will kind of be going to this next parenthesis here of uh recap of the beginner's levels so the low and the high the low and the high is something that we discussed in the beginner's course so if you haven't seen the beginner's course yet uh go ahead and do so now it's uh
• 01:30 - 02:00 very important that you know how to market these levels properly and what i teach in the beginners course it's paramount to the advanced course so if you haven't seen it go watch all the beginners course videos 1 through 10 all the way through get a great understanding of it and then come back to the advanced course you won't be able to follow if you haven't even if you've been trading for years so yeah go go and check out the beginner's course if you haven't and for those of you who have checked out the beginners course uh if if you're
• 02:00 - 02:30 if you have gaps in your questions and and aren't quite gas grasping it yet um go watch it a second time or a third time or a fourth or fifth this this advanced course is not going to be easy uh it's going to require a great aptitude for learning right it's going to be very hard and there's no quick methods here this is not if you're not following and understanding the beginners course the advanced course will go right over your head you will not be able to uh adapt these things properly and you'll end up making mistakes and having flaws so kind of a requirement for these advanced
• 02:30 - 03:00 courses as they are so deep in content and it is such a deep level of technical analysis so um the low and the high of the candles if you guys remember back to the beginner's course we we went over and we marked um the highs and lows of candles right so we would go back to the monthly levels and and we'd mark you know we would do something like this we would mark the swing high of a level and then we would mark the swing low of that level right and then on the very low side we'd mark the swing low and then we'd mark the high of the
• 03:00 - 03:30 low so we were marking out levels like this and we and i and i trained you guys like this for a very specific reason because it starts to train your brain for the more advanced material it starts to train you to see things uh differently and and better it it it was important that your eyes were trained to see the highs and lows of candles for the future content so now you guys have this great repertoire going into this advanced course and understand you'll you'll easily grasp and adapt these advanced concepts because you already were doing
• 03:30 - 04:00 it so you already were practicing a form of advanced concepts you just didn't understand how and why and how to advance it further right so uh just as a quick recap on the uh beginners course that's that's part of what we're doing here right so let's talk about trends right uh trend start and trend ends okay how to identify trend properly and in this video um
• 04:00 - 04:30 i'm going to mark out some uh different things here for text okay um but we'll get into that a little bit later what we're going to do now is look at trends so trends are like this you have the low of a trend and it moves to the high point and then you know you have another trend here you have the low point you have a trend there and that becomes one larger trend on a larger time frame like this right so you have a small trend here followed by uh you know whatever the testing of this trend followed by the move up which actually is just one big trend
• 04:30 - 05:00 right just like you have a uh trend down here and then another trend down here and another trend down like that and so forth and and on the larger frame you know the downtrend is like that so it was in this large large downtrend with smaller downtrends within it right the uh the fractalness of trends right a move within a move on different time frames right so that's what a trend is it's it's identifying the lows and the highs of a move
• 05:00 - 05:30 right and it sounds just like uh your your levels that i told you to mark out from the beginner's course you mark out the high of it and you mark out the low of it so you're kind of seeing the um the the the connection there where you're marking the high and the low because that's what levels and identifying this thing properly is all about and the nuances run very deep so you'll kind of have some like oh that's pretty cool or like some maybe uh aha moments or or something where you're like whoa hey i've already been doing that i didn't even know but now that i
• 05:30 - 06:00 understand i'm gonna kill it and i'm gonna use this material like crazy so yeah just a kind of a neat little uh overlapping you're you're gonna see there um so the first thing we're gonna talk about is identifying uh the swing lows in a downtrend okay so what we are gonna do is we are gonna identify swing lows as red and we are going to say swing low in a downtrend okay and we are going to color these
• 06:00 - 06:30 red and we're going to use different different colors for each level here and what did i do for this chart i'm using xrp usd uh okay so the reason i'm using xrp usd today is because people are saying that um they love ripple and they'd love to see me chart it some more so i it ripples a very popular coin so no problem i don't mind doing that charting ripple out a second time really it doesn't matter what coin it was this is this is the same uh methods and techniques and you know what maybe just to kind of further um prove that that or not prove but i guess further
• 06:30 - 07:00 show this on it on a different chart bitcoin cash sv was uh pretty pretty crazy this weekend um and maybe we can take some of these concepts and quickly flip over to bitcoin cash sv satoshi vision the one of the two hard four coins off of uh bitcoin cash that happened and we'll just go take a look at it and see if these same concepts are are apparent and relevant and they will be because they are on every chart so i don't even i don't even need to look at bitcoin cash to know that these things are gonna probably be the exact same so we're gonna identify some swing lows here okay
• 07:00 - 07:30 so what we're gonna do is we're gonna say in a downtrend we need to find swing lows because those are gonna be uh the levels of support so a swing low and a downtrend just like a swing high in an uptrend so we're starting out with swing lows and we're gonna make this red because we made our text red so that's going to be our swing low levels okay so we have a swing low there and let's turn the magnet tool on get this thing exact oops okay well we'll put this one the next one there anyways magnet tool on we got that guy there we got that guy there
• 07:30 - 08:00 load another next swing low would be here next swing low would be here next swing low would be here and the next swing low would be here so in a downtrend the first thing to start realizing is that your swing lows are creating your levels of support right so this is a very important thing to realize is in a downtrend and maybe before we we do that we'll mark the swing highs of the uptrend too and let's make the swing
• 08:00 - 08:30 highs yellow sure uh swing high in uptrend oh so that's text in there swing high and uptrend okay so we'll do this we'll get it we're going to bring this in nice and tight um right there and that one doesn't have a cap i'm too i'm too nitty to let that go by uh swing alone a downtrend red swing high in an uptrend so now we're just
• 08:30 - 09:00 going to go and and mark some swing high levels and we're going to turn this to be yellow and we're going to turn this one high right there so you you can really see where um the the swing highs in an uptrend and the swing lows on a downtrend are are your levels of support resistance um so to start this lesson we are just going to talk about that because this is going to get pretty pretty advanced in material pretty pretty deep and we're going to dissect this thing like you wouldn't believe so first we'll talk about the uptrend we
• 09:00 - 09:30 come up right oh let's turn that magnet tool off we all know how much i love it we come up we make a swing high before we move down therefore setting our swing high level we come down we test this level and break through it therefore creating another swing high level we come here we first touch it reject come back second touch it reject therefore uh starting to trigger the end of the uptrend and we'll talk about the end of the uptrend it's not because it
• 09:30 - 10:00 keeps touching here that it loses the uptrend it could do this you know it could continue to do this until one day it breaks it has nothing to do with how many times this touched actually as to why we lost this uptrend and and then on you know as we go down we we create a swing low here we come up we we test to gain this high back we create another swing low here we come up to test this high and there's actually another swing low created there even though it's local um this might be relevant and and if it's probably not it's it could be
• 10:00 - 10:30 fractally relevant um i i don't want to congest this chart too much right now and break it down and go into if it's relevant or not because what i would have to do is i'd have to go fractal to the time frame um we're on a daily chart so this move could have happened this could have closed at 11 50 at night and reopen the next day at 12 10. so it could have been like a 20 minute move so unless i have the fractal information to understand what's going on here so unless i break this time chart down so that's the reason i'm not going to use it now because i suspect this is um not really a real swing low so we
• 10:30 - 11:00 come down here we make a swing low here we come up we make a swing low there we come up right we make a new swing low there uh finally before we break that try to come up so you know those are the important levels to to identify in in in a swing low scenario right when you're moving down in a downtrend it's a swing low it's acting as your support right and then the same thing as a swing high right uh this the swing high is acting as resistance so again as you come up that's resistance you need to break that you come like up again this is resistance you need to
• 11:00 - 11:30 break it right so now that we've identified the swing low and swing high we can start to now further build on this right so what's the next piece of identifying important levels starting to lose lows and highs okay so this is where it gets pretty pretty pretty advanced we marked out the top and bottom of levels before i i taught you guys how to do that and now we are going to take that same concept right and we are going to advance it um
• 11:30 - 12:00 what i told you guys in the past was this right when you have a level something like this you have a swing low right and you're going to mark the bottom and top of that and and again why i taught you that is because this here ends up becoming that there you see how that works you are now having the swing low and high of a zone so instead of having a swing high and low of this candle right so this creates an event if you would
• 12:00 - 12:30 call it okay so this creates an event this event is this this is resistance this is support the top and bottom of the candle we know that from the past okay but what does that mean right it can't just be that simple it can't just be here's a level here's a level we're done that's basic trading and that's not even basic trading that's actually pretty advanced too because that in itself is something that very little people know so that actually is an advanced and that's not what makes
• 12:30 - 13:00 it advanced it's it's how deep this move goes is what makes it advanced so what does this mean this mean we have identi this this mean we have wow it's too late this means we have now identified a zone that this is currently living in right and and you know let's get this exact because i am just like that i am i like my exacts okay and and let's move into this zone here uh this creates an event and what is
• 13:00 - 13:30 this event this event is this right it is this right let's take that magnet tool off so i can actually show you guys properly it is this it needs to act as support and resistance within this zone so when it starts closing above this candle right here when it starts closing above this high look what happens it takes a big move up it takes a big uptrend we now are expanding
• 13:30 - 14:00 uh right there yep right there we are now expanding that area so this high that we made right here uh it now becomes this high and this zone now becomes this zone so all you are doing is you are taking that same zone parameter and you are expanding it because you have completed the move from here right you have completed that level this level that was right here you were going to do whoops let's re-add that properly that
• 14:00 - 14:30 level right there you were going to do one of two things right you were either going to gain the upside and move up or you were going to lose the low side and move down if you lost the low side right that zone would now be in a downtrend right that zone would now be down here and instead of moving um this up you would have moved that down right and this candle would have stayed the same because it's the low of the move so instead all you did was you move this up to here and i got two lines there so we can delete that and all you did was you moved this zone
• 14:30 - 15:00 up here like this okay so now instead of having the low and high of one candle you have the low and the high of a trend you see how that works you now have a stronger um area to work on because this becomes think of it as as as um levels right the the the level one was right here and this was the uh lower strength because it just needed to decide what the move was doing this was this is the higher strength
• 15:00 - 15:30 this is happening or one two three four five six seven eight eight eight days before this high is made right so now you have instead of a one day level range you have a level range that's created over eight days so that is very important to know because it is expanding and evolving off the concept we did now there's another important piece to this it gets better so we have a swing high of an uptrend the swing low and a downtrend this is not a downtrend here so we do not need to uh mark that swing low out
• 15:30 - 16:00 what we are going to do is the trend low okay that will be i don't know what color should that be hmm i don't know why this is such a hard thing for me we'll just make it purple trend low will be purple and we also need to do a trend oops i want to copy this text we also need to do a trend high because now instead of
• 16:00 - 16:30 having a level high and a level low we have a trend high and a trend low right so now we have a trend high and we'll make that one like kind of a nice light green so now we are going to mark out this trend so this is like this that is the trend low and this is the trend high so you can see how that's evolved now beyond this okay now we have another level and we're going to start moving this stuff up a little bit so let's move it up like this
• 16:30 - 17:00 be the perfectionist that i am just because it'll bother me every time i look at it and i'll lose my train of thought because i'm my mind works in very easy ways like that i see something i don't like and it just won't bother me and so i'm just kind of a knit like that uh and then we're gonna have the swing low we're going to have the swing low of the trend candle swing low
• 17:00 - 17:30 of the trend high candle and that's going to be we'll go dark blue okay so now we have the swing low and you remember how i said we're marking out swing low and swing highs now we've taken this move and we have expanded it and we have expanded its parameters to have a multi-faceted uh position within here we have the trend low right here we have the trend high and then we have
• 17:30 - 18:00 that same swing low because the same event that happened here that same event that happened here is happening right here right we are still creating another uh pseudo zone or or a fractal zone right a zone within a zone we are creating that zone right here that we need to decide is this trend going to continue to move up right are we going to test the top of this just like we tested the top of this are we going to test the top of that and keep moving up and create and and keep creating new up trends or
• 18:00 - 18:30 are we going to lose the low that brought us to that high right the low of the high candle and if we lost the low of the high candle what are we going to test next we're going to test this next right we're going to we're going to test that and actually to be technically accurate to be really technically accurate the start of the trend actually would have been right here let's put the magnet tool back on because i actually had it mismarked and you know that's uh important for this uh it's important to mark things exactly because you'll miss things if you don't mark them exactly and you kind of just
• 18:30 - 19:00 you know wing it or whatever you'll you'll miss some pretty important things so now you can see oops i deleted one too many things here so now you can see how we have a zone within a zone and a trend and and levels that are creating something that's of more relevance and stronger it's not one level or or one candle creating two levels it's it's eight days on top of uh what created a trend to create an entire zone of something that's going to happen so this is how you see trends up trends downtrends now we we
• 19:00 - 19:30 break up and the same thing happens here so what do we have here let's mark out the same things okay so we have um the start of the trend which is right here so this will be the trend low so this is our new trend right this will be the trend low and this will be the trend high and we are going to copy this level here and we are going to add that to this
• 19:30 - 20:00 so now you can see we have another uh trend zone here and maybe for this box we will color this yellow um yeah we're gonna go with the yellow for this one just because it's different it's getting a little congested so you can still kind of and and you know maybe we'll pull this back a little bit to something like that and uh something like this right so this is this is our next trend right this is the same as this green box here
• 20:00 - 20:30 right so we have a trend low right we have a trend high and we have the low of that high candle so let's dissect this move too and and this even has a zone within this zone so that's the this is this is zone zone right here right and that's created uh by the low of this candle here right so now we can break this down too in this trend high we know this started the trend and this completed the trend so we come up we complete the trend well let's turn that magna tool off i can already feel it going wild um we come down we try to break trend it rejects we dump down and look where we dump down
• 20:30 - 21:00 to we actually dumped down to the beginning of the first trend we actually moved up through this trend to continue our uptrend that got rejected and it's it it pushed down right to the beginning of this this dual trend right so very important to know that these things they happen for a reason right these these trend tests they happen for a reason and then it comes back on top of trend right it never actually closes out this trend so as much downwards pressure as this thing had right it needed to be respected and come back into this zone here because this is still where
• 21:00 - 21:30 it's at right so it comes down and and also because we know that um first touch the first time we touch something we are ninety percent of time going to bounce off it and come back up so that's exactly what we see here we see a pretty strong um dump a big dump bounce and it comes right back up in right so just a couple theories working together and then we come up and we test this trend again uh and we keep coming down and we're fighting for trend and then when we lose it look what happens we lose it there what do we do what are we testing next we're testing the start of the trend
• 21:30 - 22:00 right we are testing when we lose this zone here so i'm going to delete this zone because we just lost this right so in this moment let's delete all this stuff right here in that moment right here we lo or sorry right here in this moment right here we lost this box trend right here and so we are going to test the start of the trend right so we test the start of the trend like magic right and we actually lose the trend right so what's going to
• 22:00 - 22:30 happen we lose that trend we're going to test this trend right so and that's exactly what we do we come and you know for other reasons in here we do a little bit of this up and down movement we come back and we test this here right here right let's just back this up it's getting a little wonky looking uh right when when when when we lose this the the the top side of this trend here and the bottom side of this trend here right we lost this uh zone here we test this level we come down we come back up because we are in this green box now
• 22:30 - 23:00 we are testing back the top of this trend right so we test it right there so so you can see it we touch here and we test right there because we are living in this zone now right so we are living in this zone now when that rejects we end up losing the bottom of the trend which signals a move down so you can kind of see how uh trends work and and and why things do what they do and um
• 23:00 - 23:30 to kind of further um point out this theory i i wanna just like i said i'm gonna you know use bitcoin cash um sv just because it's been the only for the sole reason that has been the uh oops okay what's going on here all drawing tools let's just only because bitcoin cash sv has been such a crazy coin people and you know this this was seen a mile away uh you know if we were to break this down
• 23:30 - 24:00 into a four hour chart uh this move was was literally seen a mile away and uh you know all i'm going to do is i'm going to use the very simple methodology of of marking some tops of trends write the same the same theory where you're where trend reversal will happen when you mark out and and you test the tops of levels so i'm just gonna i'm just gonna mark the top of every downtrend so you've got a downtrend here oh actually you have one that starts right there
• 24:00 - 24:30 i missed that little candle right there uh you have another one right here i have another one right here and you have another one right here do you have another one right here so let's take a look at this and let's maybe see where this trend bleed stops so if we were to go here and we are to take it to the swing high right trend to swing high right and uh the second that this move uh
• 24:30 - 25:00 stops that bleed right and it starts to break sideways to break trend it's gaining that trend line of support and it closed out this uh valley right here right and and what does that look like right and it closed out that level right there right it closed that downtrend level and you could break this down to the uh hourly level on the 15 hour level and you know you'll see it a little clearer um you know we can mark it out perfectly and uh you know as soon as it breaks up it it it
• 25:00 - 25:30 closes that trend it has a big move up right and then same thing here and same thing here uh and it's you know you can see where it's testing the trend level so we can just go back to the four hour chart make this real simple real quick um you know what does this look like uh trend within a trend testing a larger trend testing a larger trend and and look how big the moves on on bitcoin cash sv have been um because there's no space in between
• 25:30 - 26:00 that's why this coin moves so much and and and you know people ask well how did you call up bitcoin cash sv gonna gonna move up so much because i gave uh i i told people you know you should be buying it around 900 a thousand because i started to see this this happen or 9 000 and uh 10 000 because i started to see this happening and you know it was pretty obvious that it once it closes this trend like this this is a you know this is a large move up once it closes this trend which is 14 it's it's going to the 40 range like
• 26:00 - 26:30 that's insane and once it goes to that 40 range that's gonna create a volume uh spike which is exactly what happened because it's such a large amount to be gained let's look at volume on this thing you know just for just for snakes and ladders let's look at volume and and look how much volume increased over the course of these valleys closing because this is where you're gonna see you know huge buying you're gonna see huge whales
• 26:30 - 27:00 buying in here and because the stuff is pretty it's pretty obvious right and and this was gonna be 40 this move was just going to keep going because this 42 gain is just the start of a closing of one valley and look at the space that's created here look at all the space that was created so that's why this coin over the course of one two three four days uh what what is that like 200 and something percent 181 percent 200 percent if you got the bottom of the top so this was this was
• 27:00 - 27:30 pretty obvious this is a pretty good example of of how powerful trends and you know these levels are um it's it's very simple it closed out trend it moves up to the next trend right right here okay close out actually it closed out this trend right here came bounced off this and it's going to test that next you don't see a single move down until it soars past it and actually that that insane volume um rip right
• 27:30 - 28:00 there where it just goes crazy it actually tests uh two of them ready to test this and this and you know who knows what's in in store for bitcoin cash sv these next few days you know next will be a test of this or possibly you know something in this area here i would assume there's some level in here that's fractal to this which is the exact start of that trend you know probably right there and then you know it'll test this and then it'll you know sky's the limit where it can go uh not not literally sky's the limit but it'll be some psychological level like at that point it'll be a thirty
• 28:00 - 28:30 two thousand and thirty thousand shots then it would go to you know forty thousand maybe or thirty five or just some psychological level so i'm just gonna keep ctrl z back to get to my ripple chart now it's a neat little trick on on trading view uh you can just continuously do undo until you get to your previous chart come on couple more we're almost there this is the start of it yeah oh there we go so you guys can start to see um identifying this trend and and how how that looks
• 28:30 - 29:00 right you you can start to see the importance of of that that trend and and what it means when you start gaining and collapsing out on these levels so let's delete some of this stuff and continue on here and the next part is going to be gaining the high that brought to move up losing the low that brought the move down gaining the high that brought the move down so we're going to just continue dissecting this and and going through this we did it on the high now let's do it on the low right so we're just going to delete these
• 29:00 - 29:30 levels here won't be important for what we're doing next right we're going to we'll have to leave those up there because i okay you know we're moving down move these four down like this one two three four five right move those five down uh we're going to start um
• 29:30 - 30:00 well okay you know what we uh we we we'll leave these up but we'll take them out as we need so now let's go to this side of the move so we saw how it works on on the way up let's talk about how it works uh or yeah on the way up let's talk about how it works um on the way down right so on the way down you have these swing lows right and and where's the trend so let's see the uh the trend high we're gonna mark in green so this is the trend high right that's the high of the trend and that's already green perfect
• 30:00 - 30:30 um that's the high of that trend right and and what does that look like right so you know do you show do do do head and shoulders really exist like i've said in previous videos or are you just seeing the the proper way that trends are um marked out right and what people use these shortcut tools like indicators or head and shoulders when really alls they're missing is the uh that the trend right it's as simple as that right so you have the top of a trend
• 30:30 - 31:00 here uh where's the next trend start you'd have the top of a trend rate here there's some fractal zone in here like some somewhere in there because that starts that downtrend and then you'd have the top of the trend here right and it's going to be the same thing as the uh you know we can get rid of these swing lows because they are uh not really relevant at this moment all i want to do is show you guys
• 31:00 - 31:30 the trend right so that's the start of a downtrend comes up test the trend right and it would be like this and that's what creates your swing low so uh you know going back and creating that swing low that we just deleted actually uh what is that swing low right we had it red marked as a swing low but actually that's the trend low right so the swing low actually becomes the trend low so you see how that works where although we marked it red it was really to just to start to show you that hey a swing low is probably going to be a trend low so now we have that same
• 31:30 - 32:00 uh zone right so so now we would have the swing high of the candle right or not not the swing high but the uh on on this side we marked it as blue the swing low of the trend candle now we are going to call this the swing high of the low trend candle so you you guys understand you guys are very smart i'm not going to uh change the text and waste more time but i am going to just mark this as blue right so now we have that same thing
• 32:00 - 32:30 where we've created this zone right here we've created the swing low to the swing high right or in this case the inverse the swing high to the swing low and we now have created you know this zone of this blue candle and when that zone is not lost it's coming back to test here and and the back test the trend and it's continuously losing trend right and if we were to mark this swing low again and turn that red
• 32:30 - 33:00 right where's the start of that trend well the start of that trend would be either somewhere in here or technically it would be right here so you'd have another trend within a trend so you can see how the fractal nature of this how it's moves within moves within moves and you can break this down into further timeframes and we'll go over that in a much much more advanced lesson in the advanced course but you can start to see where these concepts are all the same of marking swing high and swing low candles and and starting to understand that uh these are all trends right
• 33:00 - 33:30 these are all trends that start right like this right here this is a trend right this right here would be a trend and actually it would just be like that so what does that look like does that look like potentially the beginning of head and shoulders so i had this thing now done this right had this thing now done that was it actually just finished its downtrend and it was uh retesting to come up come
• 33:30 - 34:00 up above what they call the neckline or or was it simply just gaining one of the trends that started the downtrend so that's why i say you know you you guys won't always understand what i'm telling you and i say indicators are useless and fib doesn't work and there's no such thing as head and shoulders but you know over time i'll i'll be able to dissect it and show you further what what these things mean right so uh that would be that right there right uh and then and then here here's your
• 34:00 - 34:30 trend right there right here's another trend right here you have the swing low that started it you have the uh you know the the the trend start and the trend rejection and then you have another trend right there and you have the trend start and it's it's still a down move right and then you know going all the way to here you know and and what does this look like now why did ripple move up well it's pretty obvious it regained its trend right it it trend reversed because it closed
• 34:30 - 35:00 the start of the downtrend right it closed where that started so you guys can see why that swing high and low is important so we are going to break down this oops we're going to delete some of these and and further break this down this one we're gonna keep just because it is that trend start there so now here in ripple in this move right now let's go through this what what just
• 35:00 - 35:30 happened recently okay so we have an uptrend that started here right we have this uptrend right here and you guys already know where this is going but we're going to go through it again anyways on a second example so what would we do right we're going to mark out the trend low so this is the start of the trend right oh no that's not the right color at all okay this is the trend low right here right that's the trend low
• 35:30 - 36:00 this is the trend high swing high in an uptrend is going to be yellow now this is an example where you need to break this down fractally to see where exactly the high and the low of the candle is so actually the low of this candle well so i had to go into a deeper chart to see this because it just looked a little funny on the one hour you couldn't exactly see which was the higher the low because actually this counter closed higher but it had a different low so actually i need to identify correctly
• 36:00 - 36:30 the swing high candle on the bottom of that candle okay so i need to actually identify the bottom of that candle which i do right here on the bottom i remember by memory is blue it's the low of the swing high candle so now we can see that this is the resistance and support after the move right and we can see it comes here it establishes um that first touch that always rejects 90 of the time and then it breaks the level right let's take this mango tool off
• 36:30 - 37:00 it's being funny so let's let's do that again um it comes it touches first touches rejects comes back down and tests and look what it tests it tests the trend right it tests where that trend broke because that is an important moment when this right here when this right here happened that signaled this move to take this big ramp up right if this had just touched
• 37:00 - 37:30 and rejected it would have either come and tried a second time and broke up or it would have just come and maybe it would have continued its downtrend right maybe it would have even moved further down just like it did you know anywhere in here just like it did right here right this is the same thing this is the top of a trend that was tested and moved down so right it's the same thing this was also the top of a trend that was tested and moved down so had it done that same thing where it tested the top of this trend it probably would have just moved down if it didn't
• 37:30 - 38:00 gain it right so it came it did this it touched and it probably would have just moved down just like it did back there so you can see exactly how accurate these levels can be and when you start to break down why moves happen there's an exact science to it an exact rule and reason right so this zone is lost so it tests the trend right because this is a level this is an important level this is where we gained the ability to take this move up that's where we gain that level right
• 38:00 - 38:30 so as you can see uh as the coin goes on right it comes back above and and this is all you know fractal within fractal moves right so if you were to break this down into further charts you'd have a level here that would be you know this would be a further zone right here oops it changed on my screen you guys didn't see that but i changed on my screen uh you know this would be a further zone right here that gets respected for for these levels for a different reason right it's
• 38:30 - 39:00 fractal moves within fractal moves time zones within time zones moves within moves on smaller and larger time frames right um you know so anyways it comes back and and and it starts closing under this valley and now we're having trouble to gain so you know it's looking like we might test the start of this trend and if if we if we close this um you know that's bad we're going to move down because we're actually losing if if we close that this trend that we created right this this this uptrend that we created here right if if
• 39:00 - 39:30 if we start to close below where this started we're we're gonna we're gonna lose trend and create create another downtrend right so it's losing and gaining trends and how it works and you know i bet you anything and i i don't know if this is going to be right or not but i'm i'm going to guess 100 percent this is going to be a pretty important monthly level somewhere uh there's a swing lows right here so just just because i'm curious um i'm not sure if this is going to pan
• 39:30 - 40:00 out i sure hope it does but it should right sometimes these things don't quite line up exactly but if we were to take this and mark out these two levels uh yeah so it's like you know you can't make this stuff up guys right like th this is just fractal within fractal within fractal right so so take a look at this what does this look like this looks like the exact same thing we talked about about creating a trend the zone right the the zone at the monthly swing low and the swing high of that monthly
• 40:00 - 40:30 it creates that zone when it breaks out of that zone and closes look at the ramp up it takes right it's it's closing it's closing that level right and this monthly level is now moving up here just like it did on the earlier chart but this is actually still creating a level right like this this is still a level here uh and and and let's go to the daily chart and take a look at ripple on the daily and see where that monthly level uh ends up being right we have two
• 40:30 - 41:00 monthly levels at the top and the bottom of that back from the zone here right we have the top and the bottom of that uh marked out as a monthly level take a look well would you look at that touches a monthly level twice and moves up so you you guys can see that you you we are taking a skill set of marking highs and lows and we are starting to expand it and we're going to have more lessons and videos on levels but uh this
• 41:00 - 41:30 gives you a really good insight to what trends mean in the space and and how to see trends and and why they are so important right and and and really why these moves are getting rejected and why they're pushing forward and and kind of the uh the more advanced part parts of of of trading right uh it it looks simple but it's not it takes a lot of practice to recognize this stuff and this is just a very basic overview
• 41:30 - 42:00 of it and everything is fractal within zones and and even here you can see how important the top of this trend is right like you can see how important this trend right here was in in the entirety of this move uh you know someone's going to go and they're going to mark this swing low and they're not really going to understand the importance of it or why but you know the the implications that it could have what it means when we gain this level right and you know this this trend here right what is this like if you were to
• 42:00 - 42:30 move this over the start of this trend is just the failure of this trend right and this trend is just the failure to regain in this trend so you can see how everything everything in charts everything in stocks everything in markets is fractal to um it's bigger or bigger brother or little sister or a little brother or bigger sister whatever it doesn't matter whichever you prefer i guess maybe you're the older brother and you prefer it doesn't matter i'm too tired
• 42:30 - 43:00 to make jokes it's it's about two in the morning right now um so you can see how everything is is fractal within markets and and moves within moves and time frames within time frames right uh the testing of this valley and and you know what this looked like to be what would have been you know the magical pattern we're not going to mention again and uh the the the bottom of this valley that created this valley and and the testing break of this valley and this valley respecting the monthly and you know us finding this downtrend
• 43:00 - 43:30 right well where where would we find a downtrend right like where would the downtrend if any place that's going to stop such a rampant downtrend let's look at the weekly chart you know let's take away some of these uh like that's a pretty rampant downtrend if you look at it right what would stop a weekly downtrend like this maybe a monthly level from the past well there was no monthly level in here right so this this trend here had no monthly levels in it right doesn't this just look like the smaller chart that we just drew out
• 43:30 - 44:00 and broke down right isn't isn't this just the low of this trend to the top you know all the way over here swung out like that it's just the testing of a trend right it's just the exact same thing we've been doing on lower time frames uh just like right here this is a trend and it gets broken right and and look that's our red line here so actually where we marked this level was actually from way back here so look at this uptrend the uptrend is lost and it creates a
• 44:00 - 44:30 downtrend and the downtrend is uh bounced off the monthly so you you can see how how levels end up being trends and trends are are the beginning identifying pieces of levels and the importance of of kind of marking that top and bottom of things and starting to see things a little differently in a more advanced light and we are going to expand on this concept again you know just to go over this one more time in in the future uh videos in in the
• 44:30 - 45:00 advanced course we will further break this down but this is a good um introduction to show you guys uh how levels really are starting to work on a more advanced level and a more advanced landscape right like yeah and you know even to further this point there was a trend right here right and and if we take that trend uh this this this level right here this trend looks like there is a test of that in there too
• 45:00 - 45:30 so if we go to the four hour was it actually a test of that level on that trend so when we gained that trend when we gained the bottom of that right because we gained the bottom of this trend right here so i'm just going to leave this silver for for a second here because it doesn't really matter like that's a trend there that was never gained and it was lost so we lost the top right here right we we lost the trend right there and we never came back over top of this trend right here right so so what actually happened in there well let's zoom in and see
• 45:30 - 46:00 looks like a test of the trend to me like this blue level that that was fighting for this zone that we created this zone here which is the swing low of the the high candle right this whole zone looks like it's it's testing the trend to me it doesn't even look like it's a zone but it's it's fractal right it's it's it's time frames within time frames so let's go through this list because i could just kind of keep uh rambling on here in a incoherent manner and start repeating myself and going in a circle so trend start and end i think you guys uh understand that
• 46:00 - 46:30 um identifying the important levels is what we did this whole video gaining the low that brought the move up so so you guys understand that um when you when you when you lose lows and highs the implications of the three different levels now instead of breaking it down to you know two levels and sections we've broken down uh sections of levels into larger pieces of levels so we we we've identified the swing low of a trend followed by the swing high of a trend and the bottom of that swing high candle right so we've identified like a
• 46:30 - 47:00 three-tier zone we've identified a large move with a smaller fractal move inside of it so we've identified like i said that eight day move we took that eight day move and we expanded it from two candles on one day we expanded all the way out to eight days and then on the other end of that eight days we we took the top and bottom of that candle right so let me pull up my chart here you guys know what i'm talking about but just to you know really drive this point home i want to make sure because you know the advanced material can be
• 47:00 - 47:30 pretty uh it can be oversighted pretty quickly right so so when we did that thing where we created the zone right we we did this we took you know the uh where was it where was it that we did it i believe it was right here well that's okay it can be anywhere right when we took kind of this area here this bottom and this top and and that was the first zone um that's that's created you know that was
• 47:30 - 48:00 what we did in the beginner's course and then in this course we're taking that and we're creating a second level right here which is expanding this zone like this right and then we're taking that and creating a third level so now we're using three levels within a larger zone right so so that idea of three levels within a larger zone to see what's happening in the move right so um you know losing those levels so something like losing the low right losing the low that started the trend right and actually this would then be moved right because
• 48:00 - 48:30 the start of the trend was actually right here so this would then be moved right here and when we lost this low what does that mean and when we lost this low what does that mean right or if we gained this high like we started to gain highs on the other side of the chart over here right and and you can you can see when oops when we gained this high over here like what did that mean when we gained the high so you can really now um pick apart how how these moves happen right so
• 48:30 - 49:00 again i'm not going to continue badgering you guys about that it's uh done and done right and gaining the high that brought the move up what happens when you gain the high will you continue that uh uptrend and what happens when you lose the low that brought the move down right when you have a swing low and you keep going lower right what does that mean how can you further dissect that into uh valleys and into trends and not you know don't worry too much about the valleys other than starting to see them with your eye because we'll go into valleys later but how can you dissect the trend right what
• 49:00 - 49:30 does it mean for the trend and trend shows reversal like trend is everything you know there's an old saying that trend is your friend in stocks and there's a reason because for those of you of us or those of you or you know all of us who understand it it's a very powerful tool and and gaining the high that brought the move down so what does it mean right when we were somewhere like this over here and sorry for the chart being a little messy but there's there's no way around that right there's there's no way around uh
• 49:30 - 50:00 a chart not being messy on on a lesson like this it's just the way it is right so what it what did it mean when we when we gained the high of that trend right what did it mean when we gained some of these levels right like when we let's just delete this let's uh turn off volume indicator just clean this up right let's well we can keep that this one we don't need for now right what did it mean when we gained that trend this was downtrend what did it mean when we gained that trend when we closed above that here
• 50:00 - 50:30 we gained that support this is support when you gain support you're moving up what happened when we closed this trend right what happened there we're moving up right so we're going to test the next trend well the next trend was here right just like on on bitcoin cash sv where was the next trend right there so we tested that trend right and then there's another trend from back in the past here which we're just going to delete that for now because it's not important but then we tested this trend right and then what would the next trend have been well the next trend looks like it would have been here possibly or it could be you know this is
• 50:30 - 51:00 just a very quick oversight it could be another level within there you know to chart this thing out properly takes time it's not something you can bang bang bang bang bang do um you know not until you get better anyways and then the next valley chart would have been uh you know up here so um you know at 91 cents so yeah i think we covered this pretty well um this is the beginning of the advanced course there's lots more to come go over this a few times it's going to take you a lot of practice a lot of attempts to to get this stuff right it's going to be a grueling journey but nevertheless a
• 51:00 - 51:30 good one because you're going to be masters when you're done so this has been advanced course part one lows and highs and thanks for tuning in guys take care bye