BTCUSD, Wedge is forming, possible short term move to the upside

25 Şub 2020

Hi guys, wedge is forming in BTCUSD and it’s possible thet once resistance is broken, the price will correct to the upside. So, as soon as wedge resistance line gets breached and green candle closes above it, I will buy some “color options” (on green candles, max 10).If channel support line gets broken before my entry conditions are met, I will abandon this set-up. My rules are the same as before:

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Rules:

7.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.

8.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.

9.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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25 Şub 2020

İşlem aktif

Green candle closed just slightly above reistance line, so I will start placing trades on the next 10 candles that they will be green (or majority of them).

26 Şub 2020

İşlem kapandı: durdurma seviyesi

Price have stalled and went sideways, so I decided to abandon this set-up and wait for a better opportunity.