Bitcoin / TetherUS
מעודכן

BTCUSD is not done going down, more pain to come

495
Hi guys, this is a very simple set-up. As you can see, volume is dropping and price reached a strong resistance. So my steps are obvious, I will buy some “red options” on the next 10 candles as soon as first red candle forms. I trade “color options” because in volatile markets I do not have to worry about stops getting triggered due to flash crashes or stuff like that. My rules are the same as before:

If you are not familiar with “color options”, ask me in the comments section or join a chat here on tradingview - candle color options.

Rules:

Worst case scenario: if I will lose on 4 candles in a row, I will take my losses and look for a new set-up.

Best case scenario: If I will win on 4 candles in a row, I will gladly take my profits and look for a new opportunity.

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).


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עסקה פעילה
תמונת-בזק

After green candle touched resistance line, red candle formed. I will now start buying "red color" options.
הערה
תמונת-בזק

Looks like the price is settling above my resistance line, so I will not risk it and exit this trade and look for a new one.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.