Candle_Trader

Candle_Trader Updated 

Hello everyone, nice triangle is forming in ETHUSD. After a steady price decline, this ascending triangle could mean that correction is imminent and it’s possible that once resistance is broken, the price will correct to the upside. So, as soon as resistance line gets breached and green candle closes above it, I will buy some “color options” (on green candles, max...

Candle_Trader Updated 

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...

Candle_Trader Updated 

Hi guys, wave 5 is forming in BTCUSD and I expect that once it is completed, the price will correct to the upside. SO, as soon as channel 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...

Candle_Trader Updated 

Hi guys another megaphone pattern for “color options” traders. The resistance line has been touched 5 times already and there was no break. Also, the volume is dropping, it could mean that the interest to break this resistance isn’t there. So I will enter short trade when first red candle forms after last green candle that touched resistance line.If resistance...

Candle_Trader Updated 

Hi guys another beautiful set-up for “color options” traders, Elliott wave and steep channel all in one. In other words, we have two indicators confirming bearish bias in the short term. I will enter short trade when red candle closes bellow channel’s support line or if green candle closes above resistance line (since it will most likely be a fake break upwards)....

Candle_Trader Updated 

Hello fellas, this set-up is for “color options” traders, please check it out and tell me what you think. Nice ascending triangle is forming after a significant price move to the upside in BTC 15min chart. I will enter either long or short trade, depending on whether the price penetrates support or resistance first. So, as soon as red candle closes bellow support...

Candle_Trader Updated 

Hello everyone, this set-up is for “color options” traders, please check it out and tell me what you think. Nice channel/wedge is forming after a significant price drop in Ethereum 15min chart. Both patterns could be considered continuation patterns, but since they have been forming for a long time now, I will consider them as independent and enter either long or...

Candle_Trader Updated 

Hello fellas, if you are also trading “color options”, please check out this set-up and tell me what you think. Nice triangle is forming after a price run-up in Ethereum 15min chart. Since triangle is considered a continuation pattern, my bias is bullish. So, as soon as green candle closes above resistance line I will start buying “green option” on every...

Candle_Trader Updated 

Hi everyone, sudden price and volume spike into resistance is providing us with a good opportunity to make some quick profits. Bulls have exhausted a lot of energy to get to this point this fast, so even if resistance gets penetrated or broken, I will still enter my short position after first red candle by buying some “color options”. Since I expect for the price...

Candle_Trader Updated 

Hi everyone, corrective 4th wave of the pattern is getting filled, this gives us an opportunity to go short and fill 5th wave. As you know, I only trade “color options”, in other words, I bet on the color of the next candle in the price chart. So, as always, I will place bets on the next 10 candles with a view that most of them will be red. I will enter this trade...

Candle_Trader Updated 

Hello guys, as you can see, my favourite set-up is materializing in BTCUSDT chart. There was a fake breakout to the top out of Pennant pattern and then price corrected itself and did what Pennant pattern is supposed to do, continued with the previous trend (which was down). What I will do now, I will wait for red candle to cross and close bellow 9638 support and...

Candle_Trader Updated 

Hello guys, yesterday I made a very nice profit trading fake breakouts using “color options”, today I will try to do the same with this set-up. As you can see, we had a breakdown and then a nice breakout to the upside which went very close to a strong resistance line. This makes it for a strong case to go short as soon as the first red candle forms. As always, I...

Candle_Trader Updated 

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...

Candle_Trader Updated 

Hi guys, there is a big chance that ethereum price will drop to the support line of this Megaphone pattern, and since I trade “color options” I expect more red candles then green ones on the way down. As usual, I will bet on 10 consecutive candles after my trade is activated. I expect that out of those 10 candles majority will be red. Before we get into more...

Candle_Trader Updated 

Hi guys, thanks for reading my posts. My first week has been quite profitable, out of 19 trades 13 were successful, that’s 68.4% success rate. Since I only trade “color options”, I get paid double or nothing on all my trades, taking this fact into account, you can see that I had a very profitable week. I hope this will continue into the next week :) Please...

Candle_Trader Updated 

Hello everyone, nice rising wedge is forming in ETH/USDT chart. Since, as always, we trade "color options", our rules for entry are simple. We will enter our trade as soon as red candle closes bellow support line, but if price penetrates resistance, we will enter as soon as the first red candle forms. Worst case scenario: if I will lose on 4 candles in a row,...

Candle_Trader Updated 

Hello, as you can see, resistance line was just tested for the third time. This offers us a great oportunity to make a quick profit by trading "candle color options". As always, we will place a bet on a green candle as soon as one of them closes above resistance line. We will keep on betting on a green candle untill we get stoped out by a first red candle. We...

Candle_Trader Updated 

Let's see if we can make nice profit like yesterday by trading this pennant. Those who read my post yeastersay and took advantage of it, made 100% profit, lets try to repeat it today. Our set-up for this pattern will be the same as in my previous cases. As soon as green candle closes above resistance line, we will enter our trade and keep on placing trades on...