Beautiful Ascending Triangle is forming in ETH/USDT
This triangle is another great opportunity for us to try and catch a cluster of green candles once it gets penetrated to the upside. As always, we are trading candle color and not necessarily the price. So as soon as green candle closes above resistance line, we will place a bet that the next candle will be green and keep on betting on subsequent green candles until the first loss. Since our wins pay fixed amount regardless of the price move, all we care about is the number of green candles.
Trade active:
Our set-up has been activated. Green candle closed above resistance line, so we have placed a bet that the next candle will also be green, and we will keep on betting on all new candles until we get stopped out by a red candle. This system might sound confusing, but the idea is simple, we are betting on the color of the next candlestick. If we guess the color correctly, we get paid fixed amount, regardless of the price move.
Our set-up has been activated. Green candle closed above resistance line, so we have placed a bet that the next candle will also be green, and we will keep on betting on all new candles until we get stopped out by a red candle. This system might sound confusing, but the idea is simple, we are betting on the color of the next candlestick. If we guess the color correctly, we get paid fixed amount, regardless of the price move.
Trade closed: target reached:
So, this trade has been successful. We won on two green candles and were stopped out on a red candle, as per our strategy. Since winning trades pay us fixed 100% profit if we guess the candle color correctly, we received 200% profit (100% for each win). Our losing trade (red candle) cost us our initial bet (100% loss). So in the end we made 100% profit from three bets. If you like trading "color" options, please follow me, so we can share trading ideas in the future. Thanks.
So, this trade has been successful. We won on two green candles and were stopped out on a red candle, as per our strategy. Since winning trades pay us fixed 100% profit if we guess the candle color correctly, we received 200% profit (100% for each win). Our losing trade (red candle) cost us our initial bet (100% loss). So in the end we made 100% profit from three bets. If you like trading "color" options, please follow me, so we can share trading ideas in the future. Thanks.
