Coinbook Videos

How to Trade Crypto: Technical Indicators One of the biggest myths in trading is that there is a mysterious, secret, unknown trading strategy that calls every top and bottom and will make you rich over night. Stop. Believing. This. The people that are heavy into indicators are selling you something and most often, they are selling you enough rope to hang yourself. Every indicator can make you money depending on how you use it. Every indicator can bury your portfolio and bankrupt you depending on how you use it as well. So more important than what indicator to use, learn to trade the right coin, learn to keep position size small, and learn what to do when things go wrong. These are WAY more important than the indicator. Every single time. All indicators do one of two things. The first strategy/style will give us a target or threshold where we will buy or sell. This is the same as putting a line in the sand where we will sell when we reach this number and buy when we reach that number. T...

Crypto Volatility From US Market Dynamics!!! More fallout from the war from yesterday and markets are bipolar today. Bitcoin has taken a leap up and select altcoins are jumping hard. Bitcoin needs to close above $35.7k as that is the resistance line. If we don’t close above that, we should see some pretty solid downside for a week or more. Many alts are retreating due to the increase in bitcoin volatility, but most are still showing the right structure for a continuation. The DOGE train is coming back down again so a lot of the enthusiastic investors are getting a solid reality check. Ethereum looks good still. Verge is trading above the longterm pivot line at 44 sats so we have a good trade going there. Ravencoin is finally breaking out of the red zone. I’m looking forward to seeing what RVN does in the next few weeks since we’ve been held down for a long time and the upside is enormous.  

What Does GameStop Have To Do With Crypto? We are witnessing a financial revolution with GameStop ($GME) today. The corruption of the US markets is in full view of the public today. Giant hedge funds that control the financial markets and have made it their business to profit off of the destruction of business are against the wall. GameStop was targeted by these hedge funds to short their stock and profit from their demise, but investors sick of this control have decided to buy their stock and not allow them to cover their short positions in an effort to put the hedge funds out of business. They are squirming really hard since they stand to lose billions of dollars at tomorrow’s close. In fact they have convinced exchanges to halt trading or even worse to allow only the sell side to trade to give these dirty filthy companies a clean exit. It is really disgusting. This is why I’m in crypto. The open blockchain where everything is visible to the world. A public ledger for all to see. No ...

Bitcoin’s First Test of the 50 Day SMA in 111 Days! Today we have touched the 50 day sma for the first time in 111 days. In this time the 50 is a 270% gain. So far we have support, but there is a good chance that it will fail within the next few days. That might be scary in the short term, but I strongly believe that we’ll find our low at the 100 day sma. In a bull market I would expect that to be the bottom. Then we start in on a period of consolidation followed by a continuation of our bull trend. The altcoin market is staying pretty level since Ethereum is showing so much strength getting ready to retest the 200 week moving average soon. This could be an explosive move if we can break that line. Other alts are mixed. On average the micro caps are slowly climbing upward, but bitcoin dominance is mainly being carried by Ethereum. I’m really looking forward to another solid day for alts within the next few days. If we don’t get another push on alts, they risk falling apart. Many are in...

Bitcoin Dominance Strong Today Bitcoin is having a strong day, but we are right at a very strong resistance. I don’t think we’ll make much progress above $34k. We are likely to have to consolidate for a few more weeks before we will see any strong trends change back to bullish. Ethereum had a monster move over the weekend which hit the target set on Saturday. Alts are hitting a resistance line that started back in 2017, but we are likely to consolidate between both of those. With alts cooling off, we should have a chance to get a new grip and start up again tomorrow. We have a ton of coins that are about to get going. One that I’ve been watching for months is Ethereum Classic. We are finally right on the verge of breaking out of the red zone. I’m hoping to see that go in the next few days. We’ve rejected from the 50 day sma for 6 months after 19 attempts. We HAVE to be close. When it goes it will be explosive!

Humbl Financial and Coinbook! What’s Humbl?? All of my trade bots and strategies will be hosted at Humble ( humblpay.com ) Humbl is building some really amazing comprehensive financial products for those in and out of the crypto world. Coinbook will still teach about markets and how to trade, but the bot trading and trade research will now happen over at Humbl. To give you a taste of what Humbl is doing, they are creating and app with maps and merchants so if you are traveling abroad you won’t need cash. You just need your phone. Right now you travel and you have to deal with money exchanges, lose a ton with the price gouging exchange rates. Get some potentially counterfeit bills, and realize you don’t know who to trust etc. Humbl is making an app where you load it with crypto or fiat, find merchants that accept Humbl on your map, and away you go. You know who to trust, you get what you need, and you can enjoy traveling. Local merchants will benefit from the extra exposure and ease of ...

How Does Bitcoin Impact Altcoin Prices? Quick History!! Back in 2017, bitcoin would go up and altcoins would go up faster. When bitcoin went down, alts went down faster. This was pretty much the rule until bitcoin peaked and for a while after bitcoin went down and alts went up. At this point in 2018, alts acted differently. They started selling off when bitcoin made any sudden moves. When bitcoin jumped alts dropped, when bitcoin dropped suddenly, alts dropped faster. So finally when bitcoin went from $10.5k to $42k, bitcoin moving up caused alts to sell off - without relief. Alts are so oversold that many are trading at their all time lows against bitcoin. With bitcoin consolidating for a few weeks, alts finally started gaining some footing. Now something that we haven’t seen since 2017 is happening. For the first time when bitcoin suddenly plummeted, alts jumped up against bitcoin. This is so unusual. We haven’t seen this behavior since 2017. Is this a fundamental shift or just a one...

Bitcoin Down BUT Alts Stay UP! Altcoin Season is HERE! For weeks people have been concerned that if Bitcoin drops suddenly that altcoins will go down with them. Well the data isn’t following that line of thought today. In fact since BTC has been consolidating for the past 2 weeks, alts have finally had a chance to build a foundation and show some strength. Until today we didn’t know how much strength there was. Now we have a day where Bitcoin has fallen 10% and the micro caps are gaining dominance. This hasn’t happened for a long time so you can see that the structure that we have formed isn’t a fluke. We are in for an altcoin run. At this point 60% of coins I’m following are in long positions and 3 of them have over doubled so far. There are still a few alts that haven’t completely turned yet so there are more to buy. The ones that we are in are all in a holding pattern until we see signs of weakness. So far so good. Congrats to those that are following closely and making money :)

HBAR Second Coin To Double! Over 50% Of Alts Are Long! Bitcoin has a few hours to show enough strength to convince us that we won’t break out the bottom of our wedge. Hedera Hashgraph launched yesterday so that is an awesome trade so far! There are still a lot on the table that are on the verge of turning up though so lot’s of opportunity available. Over half of the coins that I’m actively trading are in long positions against BTC right now so we are definitely in the middle of alts season. The consolidation in bitcoin plus the extremely low price levels in alts will make this a pretty amazing altcoin season. The coins that I recently went long on are: HIVE, SOLVE, BTM, WAXP, GLM, LSK, STRAX, REPV2, UBQ, FIRO, MONA, NMR, STEEM, KMD, VIA, and a few others. So far HBAR has hit double and ENJ as of today has hit triple! Pretty nice!

Enjin ENJ First Double Of This Altseason! Bitcoin Cash Setup! Bitcoin cash just exited the red zone yesterday on the tails of finding support for over a week on a 3 month old pivot point. This makes BCH a very nice setup and there should be a solid upside over the next weeks and months. ENJ has doubled since our entry point and that makes it the first of many this season since we are so oversold across the board. Ethereum is playing with the first weekly resistance that it ever faced so there could be a temporary pullback here, but overall that is an amazing show of strength. Just so you know, we only exit the red zone once or twice a year so to see this many alts exiting is a BIG deal. There are opportunities happening now that we won’t see for months and months. It is very exciting! Bitcoin is still trading inside the wedge, but we nearly touched both sides today. It won’t be more than a few more days until we break out one side or the other. We are watching that closely.

Alts Breaking Out Left & Right! Bitcoin is trading within the wedge and has found support on the bottom twice in the last two days. The altcoin market is breaking out with the Others Dominance chart exiting the red zone. Bitcoin Dominance has moved from Green to Yellow which normally would be an exit point. That means that we should see a swing towards alts over the next while. With Bitcoin staying as strong as it is, an altcoin breakout will be very profitable. Some of the early movers last week are already in double digits gains and new coins are gaining momentum due to the increase in general interest in the alts market. Since we are capturing entry points before the bulk of the retail side is alerted of altseason, we’ll be able to ride the momentum as we build. This should be a pretty fast paced week with lots of progress on existing trades.

Bitcoin New Triangle! More Alts I’m Buying! Bitcoin finally gave us more info to go on with the close of yesterday’s candle. We have a confirmed triangle which will give us breakout parameters. For those thinking that I called altseason too early, we have a close outside of our wedge. The gains that we are seeing across the board also tell the tale. We are in for a run of some kind and with prices as low as they are, this could be an amazing opportunity. There are a handful of coins that I think look really good and I’ve mentioned many of them. I did enter ethereum classic, bitcoinsv, navcoin, and others. I will be buying quite a few more. The chainlink trade is looking amazing as well as neo, enj, cardano, and even horizen. It’s going to be a fun weekend! Hopefully the trend continues!

Altcoin Season Is HERE! Risk/Reward Is Amazing Right Now! For active traders, we can either try to wrestle the bitcoin beast down and see if we wreck ourselves that way OR we can trade some alts that are starting to turn up but are still near all time lows. I just think that the risk / reward on some alts is way better than trying to play BTC right now. We have so many coins that are trading at third of the price they were at four months ago and perfect entries are opening up all over the place. Alts have a chance to pop and make much better gains than playing the risky, volatile BTCUSD market right now. In a month when all the loud mouths on social media really get going, we’ll already have the bags packed. If we can get more BTC during this time, when BTC finally figures out what it’s doing and returns to all time highs we’ll be in a pretty sweet position.

Bitcoin Target $49,500! What Alts Am I Buying? With bitcoin moving back up so fast you can sense the amount of strength in the market. With the recent drop and the structure in the chart we have a target of just under $50k. What to watch for right now is to see if we can retake $40,700. If we miss, this could be a bull trap. I think that’s a low chance, but as a trader we need to watch for every possibility. The giant BTC pump today did take some winds out of the sails in the altcoin market for today, but there are still quite a few coins with great structure. Today I’m listing a handful of coins that I have bought recently just to give you and idea of what I think has a good risk to reward. I do a lot of talking, but I actively trade all of these. Of the roughly 100 coins that I trade, I have a long position in about 20% of them so some of the market looks pretty good right now.

Bitcoin Next Leg Up! Cardano Deep Dive! Bitcoin is about to show its strength in the next move up. We are watching close for a miss of the ATH. If we come up short and start retreating it won’t be good. That would put a bull trap on the table. The next move over the next few days needs to match or just break it if we want to see a continuation. Cardano has created a nearly 2.5 year pivot point in its history that we have struggled to overcome in the last 5 months or so. The line is very established and can dictate the move we’ll see over the next few months. We have bumped up against it 5 times in a row and we are starting to get closer to testing again. The more we attempt a line the better chance we have to break it. So I’m watching ADA to see if this next leg up gets us there. Very interesting to watch especially with the other alts starting to move.

Bitcoin Momentum Slowing! Alts Are Ready To Pop! Bitcoin’s red candles have huge support wicks under them so even though they are red, they have bullish undertones. The downward momentum is slowing and we are about to start moving up for another leg. Alts are finally improving their market cap to start moving to the upside. Many alts are showing so much strength that the trend on the macro scale is about to flip to trending upwards. Ethereum is leading the charge and is finding support on the 200 day sma. Many other coins have the same formation like Cardano and Stellar. Others are doing a slow turn and finding strength like Ethereum classic, basic attention token, and STEEM. Of the coins I trade I’ve gone long on 18% of them. There is enough movement across the board to give confidence in many coins. The great thing about this latest trend change attempt is that coins are so low that there should be lots of upside. Here we goooo!

Bitcoin Correction Here! Traders Rejoice! Today is the day that I’ve been waiting for for a long time. BTC is sooo overbought and hasn’t taken a rest forever. Finally we are going to get a nice foothold to support better chart structure on the way up. This move down will reset investors that have been nervous about bitcoin getting toppy and give us a line in the sand that we can point to as a solid point of support. Nothing fundamentally has changed about bitcoin. Governments are printing a ton of money and institutions are buying for the long term. If we seriously correct, my instinct is that we reach new all time highs within a month. Technically, the charts have no support until $24,000 or so. The real support is $20,000 but I don’t think that corporations will let us get there. I’m enjoying the show today and have no plan to make a trade on this move. Best of luck in everyone’s trading!

How To Trade Crypto: Support And Resistance The most fundamental place to start when learning how to trade after you know what to trade and how much to trade is support and resistance. All charts reveal human behavior. All the the excitement turning to fear of loss and back to greed is all packaged into trading cycles. These cycles have tops called points of resistance and bottoms called points of support. These points of resistance and support can give traders a boundary or trading range where they can expect a coin to continue trading in. They also provide information about trends and opinions from the macro market sentiment. The larger the time frame, the more powerful the support or resistance. So for example, a monthly support will be much more powerful than a daily support. When an established support or resistance is broken, meaning that a candle has closed on the other side of the line, there is a change in momentum that will establish new levels. Most often (greater than 50% o...

Alts Season Test! Today we are seeing alts sell off which will test our recent rise in alts dominance. If we can hold a higher low than the low we established at the beginning of the week we’ll be in good shape. If we end up selling all the way back to our baseline we’ll be in trouble. The bottom of the recent low is the 3 year low that really represents the all time low. Breaking below that point will make alts really lose ground and could create a new shock to the crypto space. There are only a few coins that are likely to show strength through all of this. Ethereum is one that will most likely establish a higher low. Decred is the other that seems to be showing strength. We are watching to see if we can get a close above the 50 week sma right now. Today we attempted it for the first time since the golden cross, but we need to see a close above. Everything else is in test mode and we’ll see what has legs in the few days!

Anatomy Of A Bubble! BTC Hits $40,000! Time for some market education. We have gone from our first all time high of $20k to $40k in only 22 days. Is anyone else getting nervous? Even when the fundamentals are perfect with the government printing money like no tomorrow and huge institutions looking for hedges against inflation, we haven’t seen any rest. Number go up.. and uppp .. and up! Well these things can’t last forever. Today we are looking at the behavior of bubbles, what emotions are involved, and how charts behave around bubbles. If you get to a place where you think going up is just the new paradigm or you are so complacent you are taking huge risks, you are about to get rekt. It’s time to up our game on risk management, not throw caution to the wind. Mania phases can take prices to insane levels in a matter of hours or days so for goodness sake Do. Not. Short. Bitcoin. But you need a plan - if not a trading plan an emotional plan to handle some serious drops coming up here. If...

BTC over $35,000! Starting Alts Season! We’ve been watching for a month for the alts season to start and after today, most coins have started showing serious signs of a change in momentum. Within the next few days there will be lots of opportunities to enter high reward low risk alt trades. This is when discipline pays off. Waiting is the hardest part, then having the guts to buy something that has been on such a serious and sometimes scary downside. But we want to be the ones buying when markets are down and the ones selling when the market is in a hype cycle. These are the times when getting in have a solid possibility of making good returns. Things are getting exciting! We highlight Ethereum (ETH), Litecoin (LTC), DigiByte (DGB), Verge (XVG), Chainlink (LINK), Curve (CRV), and VeChain (VET)

BTC Prepping for $40k, LTC Golden Cross, Margin Trading With bitcoin’s $5k drop and $4k recovery, we are in a bullish consolidation. When we get out we should be ready to hit $40k! It’s amazing that people can take a long in bitcoin, be correct, and still lose all of their money. So many people got liquidated yesterday from longing BTC with leverage. I don’t know why people think that an asset that has tripled in the last 4 months isn’t making them enough money. Keep position size small and DON’T trade crypto on leverage! That’s insane! Litecoin is going to have a golden cross this week. With the consolidation that we have seen for the past few months, this should be a good opportunity for LTC to fly. We have two categories of alt formations. The first is a slow rise after a long descent. The second is a volatile struggle. Both are showing signs of a turn in the market. It should be an interesting week next week!

Alt Market Absolutely Launches! BTC $5000 Drop! Buying DigiByte Thanks Ethereum for absolutely launching and causing most altcoins to create a solid pivot point. This sudden change in momentum could be just the thing we needed to get alts season off the ground. We don’t try to trade sudden changes in the market since emotional trading will destroy your portfolio, but after a nice charge like this, the next pullback is usually the best entry. Bitcoin had the largest open to low drop in history overnight. We dropped $5,334.83 and managed to pull back $3000 of that so far. If we close the day low on the candle we might be in for a correction that could take us to $20k. If we close above 50%, we’ll likely consolidate and move up again. The buyers that pulled us $4000 off of the bottom are crazy strong though. I wouldn’t be surprised if we consolidate instead. Digibyte is a buy right now. Doge is giving us an awesome trade right now. Good times out there in crypto land.

Altcoin Season Deep Dive! The more I hear people say that alts will never go up, the closer we get to alts season. The entire bitcoin move has been fueled by large institutions and very smart money. Smart money will go into alts, but they need a solid foundation first. We might need to wait until retail moves in before we get some of that structure. In the past, we saw coins showing up on Google trends after the bitcoin bull cycle was halfway done. Then we started seeing people getting into alts. New retail investors have a hard time buying something that is $30k because they want to feel like they one of something. So newer investors will buy a few alts to get involved. When enough do this, the chart will level off and smart money will get they queue to turn the market. This new year should bring opportunities in all sectors of the crypto market.