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Cypher

GBPJPY: Bearish Cypher Pattern Cypher Patterns are a great way to spot entry points, with any given trend. Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly. In this case, I believe that GBPJPY is creating a BEARISH Cypher Pattern. At the point we are at, right now,(166.00) i see GBPJPY reaching my TP2 of 166.596, and then dropping to at least 165.5. I suggest Longing to the 166.5 region and then sell once we reach 166.5.
by lodose81
BTC Bullish Cypher UpdateSo.. This is just a follow-up to a previous Chart that i plotted on BTC several weeks ago. At the time we were in the midst of our first bottom but now we are doing a secondary bottom on the weekly and have confirmed a Bullish Morning Star Doji with Weekly RSI Divergence. At this rate we should be able to rally back to the 200 week Moving Average at around $23,000 and if we close back above it we can very easily see BTC move up 10s of thousands of dollars Likely to the 61.8% Retrace. The Original Setup for both BTC and the Total Market Cap can be seen in the related Ideas tab below.
FTX:BTCPERPLong
by RizeSenpai
Beat the BATS - Harmonic Bat PatternsHi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's analysis, we'll look at a different way to speculate the next immediate price action of an asset : the Harmonic Bat Patterns. There is a really cool tool on the platform that you can use called the Cypher Pattern, you can find this in your drawing toolbar, 5th from the top under the T for text. It helps you plot the points and identifies the correct distance for you clearly. I'm using it HERE : From the chart, you can clearly see the bullish and the bearish bat example. If you move your mouse over the grey anchors, you will find the values that the distances between two points need to be. Spotting these patterns are extremely difficult and it takes a trained eye to spot them on a chart. However, if you're lucky enough to spot one, you have a clear trading setup with a high probability of win rate. NOTE that even though there are similarities, these are not the same as W-bottom patterns or M-patterns. I hope you enjoyed and found value in this educational post today! _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
by CryptoCheck-
34
IPCA LABORATORIES : Potential Harmonic Reversal The idea here is about Ipca Laboratories: Ipca Laboratories Ltd is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments. 1. Bullish Cypher pattern completed on a daily chart potential trend reversal expected. However, if the trend continues downward then the pattern is nullified. Out of Falling wedge trend at the moment. 2. What is Cypher Pattern? Explained in the below image: 3. Double top completed and currently looks like a Double bottom pattern under formation as per chart at the time of publishing. 4. Trading way below 20 & 200 EMA on Daily chart & between 20 & 200 EMA on a weekly chart. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, Weekly chart is Strong bearish & Strong Bullish on monthly chart. 6. RSI is at 30.37 on a Daily Chart at the time of publishing. This indicates almost oversold at the time of publishing. 7. MACD below signal line on daily chart, and converging towards signal line. 8. Hull Moving average on a daily & monthly is sell & on a weekly chart is a buy. 9. Wait for trend reversal & retest may be for long entry (short term). However, keep in watch list for the week & alert for price momentum. Projected targets as per Cypher Pattern provided in the chart. Stop Loss: Provided in chart as per Cypher pattern. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:IPCALAB
by Tron029
BTCUSDT - Short Idea Over the Next WeekHi all, This is my first post so please take it easy on me! Here's a very rough idea of what I think may play out over the next few days. Share your thoughts and let me know if you have any ideas on how I can improve my TA/Harmonic usage! I believe the recent bullishness in BTC is a fakeout/relief due to yesterday's drop. I'm looking to short BTC once we hit the 19400-19800 range and expect it to fall to the 17300 - 17900 area. Good luck! Also, this is not financial advice, it's my first chart. lol.
Short
by CryptoBum999
1
BTCUSDT - Short Idea for the Next WeekHi all, This is my first post so please take it easy on me! Here's a very rough idea of what I think may play out over the next few days. Share your thoughts and let me know if you have any ideas on how I can improve my TA/Harmonic usage! I believe the recent bullishness in BTC is a fakeout/relief due to yesterday's drop. I'm looking to short BTC once we hit the 19400-19800 range and expect it to fall to the 17300 - 17900 area. Good luck! Also, this is not financial advice, it's my first chart. lol.
Short
by CryptoBum999
1
EURNZD > Very Strong Setup for A Buy Entry!!Analysis of #EURNZD the EURNZD is one of the most strong setups for me now in the market, here is why 1- trendline support at 1.6100 2- bullish harmonic Cypher pattern complete at 1.1600 3- Key market level 1.6100 My entry will be determined by how the market reaches my entry-level, either limit order, or wait for confirmation Please support me by boosting this idea so it can get to more and more traders ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
Long
by TheTradersAvenue
22
Perfect automated detection of Cypher pattern - ShortA Bearish-type Cypher pattern occurred near the resistance zone of 1.476-1.504. If the price rises to 1.484, a Bearish-type Shark pattern is likely to occur. Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.406-1.434. *Harmonic patterns and support/resistance zones are automatically detected using the indicators below. - Harmonic auto-detect PRO - Support/Resistance Zone Auto PRO
Short
by HarmonicLab
1