Perfect set-up for BTC/USDT to profit from a new trading method

Hi everyone, in this post I am introducing a new way to trade crypto, I can guarantee you that you have not heard of it, since it is only a couple of years old :) The goal of this strategy is to trade the color of the next candlestick in the price chart. Since we are getting paid a fixed amount on winning trades, we don’t really care if the price moves in our favour by one cent or 10 dollars, our profit will still be the same, all we care about is the color of the candle. With that in mind, we can employ time proven and simple candlestick trend reversal/continuation patterns to earn short term profits. Candles that I am trading are mainly 15 min, so please follow me as I will be updating my posts quite frequently. Also, if you are using the same trading method as I do, please recommend different trading strategies in the comments bellow so we can all test it and try to profit from it. Thanks.

Anyway, without further ado, let me get to the current set-up. As you can see, a beautiful channel is forming. Our bias in this case is bearish. So all we have to do now is wait for the candle to close bellow support line and then place a trade on a red candle. I will keep on placing trades on every subsequent red candle until the first loss( the first green candle). My goal is to catch a cluster of red candles and profit handsomely, or take a small loss with the first green candle. Since I do not know yet at what point my trade will be activated, I will wait to draw resistance line which I will use as my stop.

Now, its up to you to decide if you wish to abandon this trade when green candle penetrates resistance line, or when green candle closes above this line. I personally abandon my trades once they cross resistance line. Anyway, please follow me and I will update this trade as it develops.

Order cancelled:

Candles have moved outside of the channel without red candle nicely crossing and closing bellow support line. Which means I will abandon this trade and look for new set-ups.