I’m going to show you how you can make $100 per day trading crypto on binance So let’s get straight into it right now! I’m gonna show you some techniques and teach you some patterns for trading Bitcoin
Binance Bonus for Signing Up
And don’t forget that if you will get thousands of dollars in bonus! Just sign up with your email, takes 20 seconds and that’s the first big money that you can get.
Initial Steps and Deposit Methods
Now before I go into some of the patterns to let you understand how to make up to a hundred dollars per day, you should know. So first of all you need to deposit an amount of money or crypto after you create your Bybit account. It’s very very easy, you can deposit Bitcoin or altcoins using your wallet address. You just need to copy it or scan this QR code or if you want to deposit fiat you just need to choose the currency and use your credit or debit card to deposit the amount of money that you want.
Finding the Best Coin to Trade
Then we need to find which coin has the most potential to trade. So on coinmarketcap we can find all the cryptocurrencies and we can check which ones have the biggest gains and biggest losses in the last 24 hours. If we click here on 24 hours we can see the cryptos with most gains in the last 24 hours but if we click again, we can see the cryptos with more losses. So this can be a way for us to choose an altcoin with potential to trade here.
Understanding Market Recovery and Choosing Binance
So after a big loss, there will be a recovery at some point usually. Now that’s never a guarantee but price action never goes straight down or straight up. You will always find a retest of support and resistance. So this is our first tip here to be able to make $100 per day. So once you’ve chosen your altcoin it is time to choose a trustworthy exchange to start multiplying your money. Obviously in this video I’m choosing Bybit, because that is my favorite exchange.
Using Binance for Trading and Earning Bonuses
If you use my link down below to Bybit you will get thousands of dollars in deposit bonus. So just click and sign up and then that’s the first money that you can get. So in this case, to be able to show you the simplest patterns to start trading and earning $100 a day, I’ll use the tradingview website but you can also use the chart view over on Bybit. The altcoin that I chose for you to understand how to make $100 a day is Ethereum but you can choose any other token but always remember that altcoins besides Ethereum are even more volatile, which means even more risk but also you could potentially make more money.
Importance of Risk Management
So remember risk management is the key to not losing your money. But guys before we enter a trade first you have to know how to open a trade on Bybit. To open a trade just click on derivatives USDT perpetual because we will trade the chosen altcoin or Bitcoin against USDT and choose which altcoin you want to trade. In this case I chose Ethereum against USDT and now it’s time to start our market order for that you just have to choose your leverage. I don’t recommend more than 10x because the risk will just be too high and decide if you want to make a limit order or a market order.
Opening and Managing Trades
If you don’t know what it is, watch my full Bybit tutorial, link will be down below in the description. Choose the amount of USDT you want to open for the trade, click on long or short depending on the pattern we’re trading and our trade is officially open. As I said I chose the Ethereum against USDT pair but I will use tradingview to explain to you some of these chart patterns that I regularly actually trade myself. So as you guys know I am a trader myself.
Analyzing Double Top and Double Bottom Patterns
Make sure to subscribe right now if you want to see my daily updates on the Bitcoin price and if you want to catch the next big trade. The first pattern is the double top or double bottom pattern. Here we can see in Ethereum USD the double top pattern run up, run down, run up and then retest of the support, making the double top pattern. Once it breaks, we enter into a trade, we make money. Now how do we calculate the target? To calculate the target, we simply measure the width between the support and resistance and from the breakout this would be the measured move.
Entry Points and Volume Confirmation
Now when we should enter the trade? We have two options, first when the breakout of the resistance is confirmed or second, we can wait for a retracement and enter right over here. If you already reach the target without a retracement, then take your profit. These breakouts must be sustained by big volume levels to have a confirmation of the breakout. Now let’s talk about the descending wedge. Here we can clearly see a descending wedge. We just need to connect all the resistance points and all the support lines and there is a descending wedge here now
Trading the Descending Wedge Pattern
This is usually a bullish pattern and the measured move target of a descending wedge is the top of the wedge but we can also have a second target. If we came from an uptrend, like this one. So you just need to get the measured move from the low point to the resistance and from the breakout, this should take you to the second target perfectly. Now where would your entry point be? Your entry point would be right here at the very end of the descending wedge, when you see a candle breaking the resistance.
Trading the Inverse Head and Shoulders Pattern
- Now let’s talk about my favorite pattern.
- The head and shoulders or the inverse head and shoulders.
- The inverse head and shoulders is also an amazing pattern if you want to make $100 per day.
- So if you connect these lower highs here and create a trend line then we can already see an inverse head and shoulders.
- So we have a left shoulder, a potential head over here and the right shoulder right there and we broke out from this neckline resistance, retested it and came all the way up here to the target.
- This, to me guys, looks like money, because this is how we make money guys!
Calculating the Measured Move Target
So what is the measured move target? The measured move target is getting the bottom of the head to the neckline and from the breakout, which is right over here, you can see that the target was reached right here. Now your question must be: Where do I enter this trade? You can enter right here at the breakout or you can wait for a retracement to the neckline and enter there. So you’ve got two options here to enter your trade. It’s also important that you’ll use leverage that you’re comfortable trading with, because when you multiply your money, you can lose faster.
Leverage and Risk Management in Trading
| Statement | Details |
|---|---|
| You can also make money faster, but use risk management. | Make sure to subscribe right now, because on a daily basis I make videos, how to catch the next trade on Bitcoin and other altcoins. |
| But remember just don’t use higher leverage that you’re comfortable. | Using 5 to 10x is more than enough. |
| If your trade is liquidated, you lose all your money that you put in that trade. | Just so you are aware of that. |
| But this technique that I showed you in this video could easily make you a hundred dollars per day if you just stick to what I said. |
Conclusion and Additional Resources
Now you don’t invest too much in every single trade and you stick to your strategy. Don’t get emotional, trade like a robot very very important. And the most important thing that you can do at the end of this day guys, is subscribe to my channel and press the notification bell. And claim your Bybit bonus down below in this video. And if you want to try other exchanges, you can also trade over on Binance you have Bitget, you have Bitflex. Many exchanges that are doing derivatives trading just like Bybit.
Claim Bonuses and Learn More
So if you want to claim tens of thousands of dollars in a sign up bonus, go below this video. I will leave all the affiliate links that I have prepared for you. I’ve negotiated incredible bonuses for all of you guys. So yeah sign up to Bybit and all of the other exchanges, see which one you like the most, personally I trade on Bybit but you make your own decision on that. And if you want to find out how to trade on Bybit, my full tutorial, with over 700,000 views is over on my channel. Click the link down below.
Binance Tutorial for More Tips
Alright guys, trade safe out there. The best way to learn how to use binance is actually to go and watch my Bybit tutorial. It is the most popular Bybit tutorial and I know that, because it is actually the most viewed tutorial in the world for Bybit so you should go watch it right now.