BTCUSD, Nice wedge in Bitcoin chart, what do you think ?
Hello fellas, this time I will try to short BTCUSDT with some "color options". My set-up will be basically the same as in previous trades. I will wait for green candle to close above resistance line and then I will enter the trade when first red candle forms. Please follow, like and comment, thanks !
Rules:
1.Worst case scenario: if I will have 4 losing candles in a row, I will take my losses and look for a new set-up.
2.Best case scenario: If I will have 4 winning candles in a row, I will gladly take my profits and look for a new opportunity.
3.I will not trade more then 10 candles in a row and I will stop trading if I am up by 4 winning trades.
For example: if my first candle is a losing candle but the next 5 candles are winners, then I will stop trading, since I will be up by 4 wins (5 wins - 1 loss = 4 wins).
Rules:
1.Worst case scenario: if I will have 4 losing candles in a row, I will take my losses and look for a new set-up.
2.Best case scenario: If I will have 4 winning candles in a row, I will gladly take my profits and look for a new opportunity.
3.I will not trade more then 10 candles in a row and I will stop trading if I am up by 4 winning trades.
For example: if my first candle is a losing candle but the next 5 candles are winners, then I will stop trading, since I will be up by 4 wins (5 wins - 1 loss = 4 wins).
Trade active:
Both conditions for entering short trade have been met. Now, as always, I will place bets on 10 consecutive candles that they will be red.
Both conditions for entering short trade have been met. Now, as always, I will place bets on 10 consecutive candles that they will be red.
Trade closed: target reached:
Very good set-up ! I made 4 profitable bets in a row, and according to my rules, I am out of this position.
Very good set-up ! I made 4 profitable bets in a row, and according to my rules, I am out of this position.
