If you’re looking for how to make money with bitcoin then the video below will show you how. We’ll teach you but it might not be in the ways that you think. We aren’t bitcoin “pumpers” and we aren’t going to tell you what’s going to happen with crypto long-term because we don’t know what’s going to happen. No one does.
Table of Contents
How to Make Money With Bitcoin
What we will teach you though, is how to trade bitcoin at support and resistance levels. We will show you the safe ways on how to profit while protecting your brokerage account. Candlesticks and technical analysis are the name of the game when knowing how to buy and sell stocks in any sector.
Make sure to take our free courses if you need more help on technical analysis and how to trade stocks.
Be Aware of “Pumpers” & Hype
We are not bitcoin haters. We are traders who teach technical analysis and the safe ways on how to make money with bitcoin. Every stock in the world obeys the laws of support and resistance. What goes up will eventually come back down. Stocks don’t go up forever and the same goes with bitcoin. Watch us teach and trade live each day in our live trading room.
It’s no different. Anyone that tells you that the charts don’t matter with bitcoin is either lying, doesn’t know what they’re talking about, or they are pumpers. Stock pumpers are a dime a dozen in the stock market industry. You’ll especially find a lot of them in the crypto and pot stock industry. Again, we aren’t hating on either sector long-term, but the charts don’t lie. Look at the charts on the majority of the small cap stocks in these sectors and you’ll see that they are notorious for pumping and dumping.
There’s a lot of money to be made trading in these sectors but you need to get very good entries if you want to be able to hold stocks in these sectors long term. If you get a bad entry then you can very well blow up your brokerage account.
Support Levels
Buy low and sell high is the age old adage in the stock market. Buying low means to buy at support levels. In our video on how to make money with bitcoin, we show you how to buy at support levels and where to look to take profits at resistance levels.
Support levels are small candlestick holds around moving average lines. Patterns matter too though. Don’t just buy a hammer or doji off moving average lines unless the pattern overall looks good. Candlesticks form important patterns and many of times there are very important patterns within the overall big pattern. Finding reversals are really helping on getting good entries.
If you blindly buy bitcoin based on hype and don’t get a good entry then the volatility in your brokerage account will make your stomach turn. The emotions of trading are real and the panic is extra strong trading volatile sectors like bitcoin.
Technical Analysis
Candlesticks patterns are the culmination between the battle of the bulls and the bears. These patterns form important support and resistance levels. The phrase buy low sell high comes from this battle and the clues that candlesticks patterns leave.
Candlesticks aren’t foolproof by any means but they provide the best clues on when to potentially enter and exit a trade. Why is this important?!
If you’re looking for how to make money with bitcoin then you need to know how to buy low and sell high just like you would trading any other stock. Again, bitcoin might go up, however, at some point it might pullback or crash hard if it’s overextended on the charts.
Buy the Rumor Sell the News
There’s a saying that says buy the rumor and sell the news. The rumor could also be considered the hype or the speculation that comes with bitcoin or any sector. So, the hype takes place, crypto rises, then what?!
Will bitcoin continue to go up forever? Who knows?! Again, this isn’t about what we “think” crypto is going to do long term. We are trying to help determine when you would potentially buy it and when you would potentially look to sell.
Trading Community
In our trading community we teach how to make money with bitcoin as well as how to trade any sector. Again, it’s all the same. Stocks all have candlestick patterns and go up and down based on the trading decisions of other traders.
Bitcoin has a lot more volatility than your typical stocks but the laws of trading still remain the same. Traders buy and sell and patterns form. The more that this takes place and the more volume that flows through the process, the bigger the candlesticks.
Large candlesticks present larger risk. Ideally you want to buy smaller candlesticks near support levels, not large ones. Can you make money buying large candles? YES! However, this carries more risk. The choice is up to you but be aware of the risks associated with buying large candlesticks at overextended levels.
We have a day trading room as well as a swing trading room included in our trading service. We talk all different types of stocks and sectors in our day trade room. Typically we are looking for stocks that are volatile and looking to break out.
If the bitcoin sector is running then we will discuss it and possibly trade it as a community. We will be looking to trade it for momentum break outs and not necessarily long term.
We do have a swing trade room that discusses how to trade stocks long term, however, crypto is a riskier sector to trade long term due to the volatility. If you get the right entry then you could hold longer term and not take profits, but that choice is up to you. We always teach to take profits along the way within our stock training community.
We are all about helping our community members and we teach our members the skills necessary on how to become a safe and profitable trader. It’s ultimately up to you though when taking a trade. You decide when you’re going to enter and exit a trade. We will help you along the way but we can’t pull the trigger on a trading decision for you.
Lists
We also have a bitcoin stocks list located under our “lists” section above if you’re looking for a list of cryto stocks to trade. They are a mix of small cap and large cap stocks, although the large cap stocks are a bit limited due to the lack of history with this sector. Please make sure to chart any stock before you buy it because support and resistance levels matter. We do not endorse any stocks on our lists. They are meant to be a guide so make sure to do your due diligence and research company fundamentals as well. Check out our stock sector lists page.
Paper Trade
We highly suggest paper trading first before buying any type of stock. It’s important to know how to buy and sell stocks in a paper trading account first before trading with real money.
The emotions that are associated with trading real money can be brutal and there’s a very good chance you’ll lose money, especially if you don’t know how to buy at support and sell at resistance.
Come and Join Us
We can’t stress enough the importance of not following hype when buying any stock sector, bitcoin especially included. If you want to know how to make money with bitcoin then learn the charts. Learn support and resistance. Don’t fall into FOMO! If you miss the bitcoin wave then you miss it. The stock market isn’t going anywhere.
There are always stocks to trade and make money with. We teach our members how to make money in the stock market daily, using many different trading strategies. Make sure to take our free courses below if you need more help learning trading.
We like to consider ourselves a pay it forward stock market trading community. We are always teaching and giving back. The amount of content that we jam packed into just our bitcoin video alone is of tremendous value, so make sure to pay close attention to it and watch it several times if needed.
Learn
Take our free trading courses and go slow if you are new. Don’t rush the process. Again, the emotions of trading any stocks can be difficult but we do our best to help make the process easier and fun along the way in our community.
Our courses cover an array of topics such as a basic stock course, day trading course, swing trading course, 2 options courses, 2 candlesticks courses, and a ThinkorSwim and Interactive Brokers course.
