BTC/USDT : CONDI Long Trade (BOOMER Market)
Updated
As per the rules of the CONDI Trading System, BOOMER is an obviously trending market,
so the only trades we actually deploy are (in this case) the confirmed long ones.
Recognized yet another CONDI trading opportunity at point marked with the callout.
Due to higher volatility in crypto, Stop-Loss is set lower than with other markets.
Trade is expected to close within the current trading day.
Happy CONDI trading!
so the only trades we actually deploy are (in this case) the confirmed long ones.
Recognized yet another CONDI trading opportunity at point marked with the callout.
Due to higher volatility in crypto, Stop-Loss is set lower than with other markets.
Trade is expected to close within the current trading day.
Happy CONDI trading!
Trade closed: target reached
As seen from the price action that followed opening this LIVE trade ,The trade ended in profit within just 8 1-hour candles.
BITCOIN / US TETHER crypto pair climbed all the way to the top of the triangular channel (Trannel, as we like to call it) , and beyond.
CONDI Trade System is conservative, t.m. we are contempt with making real money on just the very beginning of the price movement, since that is the least risky approach, as is also proven by numerous backtests and more than 10 years of real-market trading this system.
Happy CONDI Trading!
Note
Two notes to the trade;1. The Stop Loss level is set lower with cryptos due to higher trading volatility. With the CONDI Trade System, we typically close up to 70-80% of all open trades in black , meaning we should teoretically be able to have up to 1:3 to 1:4 PL to SL ratio and still be profitable, or at least at profit-loss equilibrium.
Anyways, setting SL this low only applies to crypto matkets. As we trade a broad spectrum, and as Stop Losses are usually set 1:1 with Profit Limits with all the other non-crypyo markets, statistically the CONDI Trade System is a real target-effective trading tool.
2. Traders are able to further profit on skyrocketing price actions similar to what Bitcoin posted today - using the CONDI System in its Fast Track or GT versions. This means nothing else but switching to lower time frames for setups like these, and profiting on incremental moves within the trend there, all the time using the CONDI Trading System as the main trading algorithm...
Happy CONDI Trading!
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