BTCUSDT ANALYSIS Pair : $BYBIT:BTCCUSDT.P
Leverage: 5X
Direction: Long 🔼
SL: HODL
TP: 70,000
ANALYSIS:
Market Cypher B: 1D TF✅
Bull Bear Power: 2HR TF✅
Nearest Resistance: 64,000 and 70,000
Nearest Support: 58,000
⚠️#DYOR
Cypher
GBPUSD may fall below 1.261On the daily chart, GBPUSD encountered resistance and fell back after rebounding in the previous supply zone, and the short-term market may continue to fall. The current downside target is around 1.261. If it falls below, it is expected to continue to fall, and the support below is around 1.246. When GBPUSD reaches 1.246, you can pay attention to the potential bullish cypher pattern.
XAUUSD bearish cypher patternOn the 4-hour chart, XAUUSD has formed a bearish cypher pattern. During the day, attention can be paid to the resistance line of 2458. If the rebound is not broken, attention can be paid to short-selling opportunities. The downside target is around 2418 of the 0.382 ratio of the CD segment, and if it continues to fall, it will go to around 2393 of the 0.618 ratio. If the price breaks through the resistance near the previous high of 2483, an upward trend will be launched.
AUDUSD Potential bullish cypher patternOn the daily chart, AUDUSD is currently falling and the bearish trend is dominant. AUDUSD may continue to fall, and the downside target can be seen near 0.6455. When AUDUSD reaches near 0.6455, pay attention to the potential bullish cypher pattern. The upside target is the 38.2% and 61.8% retracement levels of the CD band.
EURAUD - A Structure Trading Opportunity With A TwistA look at a structure-based trading opportunity on the EURAUD showcasing 4 different ways to get involved including using a Cypher Pattern as a reason for entry.
In this video we taker a full look at why I'm interest in the area and where I'm expecting price to go to if we indeed get some follow through on the trading opportunity.
If you have any questions or comments please leave them below and I wish you guys a great and safe week of trading.
Akil
Tron (TRX) completed a setup for upto 20.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX).
Previously we caught 10% pump of TRX as below:
Now on a daily time frame, TRX with Bitcoin pair has formed a bullish Cypher move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XAUUSD BUY 2340On the daily chart, XAUUSD formed an insidebar yesterday and broke through, and the short-term bullish trend is dominant. Currently, we can pay attention to the support near 2340. If it falls back to this position, we can consider buying. The upper resistance is the resistance near 2387. After breaking through, the upper resistance is near 2415. When the market reaches 2415, we can pay attention to the potential bearish cypher pattern.
AUDUSD 1H TF - Bearish Cypher Harmonic Pattern ALREADY completed**DISCLAIMER** I do not know what I'm doing, this is purely for entertainment purposes from the perspective of the audience; however, educational purpose from my own perspective if constructive feedback is given. Thank you.
Fibonacci retracement taken from the X point to A point price action wicks above 0.618 without closing past it forming the B point.
From the A to X point, price wicks above the 1.414 extension without closing past it forming the C point.
D point is completed at the .786 from the X point to the C point.
Target 1 is at the .382 from the C point to D point.
Stop Loss is at the 1.13 extension from the X point to C point.
HOWEVER, after pattern being completed at the .786 from the X point to the C point it CONTINUED to push beyond the entry point before pivoting.
Therefore Target 1 was ADJUSTED to the new .382 from C point to Pivot Point.
Assuming .786 entry point, the risk to reward ratio is affected by the adjusted targets:
Stop Loss at approximately 24 pips from Entry.
Target 1 (adjusted) at 13 pips from Entry giving a 0.54 Risk-to-Reward.
Target 2 (adjusted) at 28 pips from Entry giving a 1.16 Risk-to-Reward.
Fetch.ai (FET) is setting up for upto 32% pumpHi dear friends, hope you are well and welcome to the new trade setup of Fetch.ai (FET) with US Dollar pair.
Previously we caught more than 33% pump of FET as below:
Now on a 4-hr time frame, FET is about to complete a bullish Cypher move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
AMD making bullish Cypher Harmonic PatternAMD is in the process of making a bullish Cypher Harmonic Pattern. We are in a zone that could possibly become the bottom, but first we have to establish the bottom. And then we can aim for 3 green fib zones for taking profits.
PYPL making bullish Cypher Harmonic PatternPYPL is in the process of making a bullish Cypher Harmonic Pattern. We are in a zone that could possibly become the bottom, but first we have to establish the bottom. And then we can aim for 3 Golden fib zones for taking profits.
AUDUSD Potential Bearish CypherOn the daily chart, AUDUSD is currently oscillating, and the long and short directions are not obvious. Currently, you can pay attention to the upper 0.6762, which is a potential short position for the bearish cypher pattern.
SELL 0.6762
TP 0.6515
SL 0.6871
JK PAPE ON next moveWhat Is the Cypher Chart Pattern?
The Cypher is a type of harmonic pattern used by traders to identify potential buying and selling opportunities in the markets. Specifically, it’s used to help find areas where a reversal may occur.
The pattern is made up of five swing points (X, A, B, C, D) and four legs (XA, AB, BC, CD). It’s characterised by an “M” shape when bullish and a “W” shape if bearish. Traders typically place orders at D to catch the potential reversal.
Like other harmonic patterns, the Cypher requires that specific Fibonacci ratios be met before it is traded. However, the ratios used for the Cypher are relatively unique, which makes the formation one of the less common harmonic patterns.
The Cypher is also more advanced than other patterns, like the Gartley, Bat, or Butterfly, so you may need to spend some extra time learning how to recognise and trade it effectively. Once you master the skill, however, you’ll find that the Cypher can be a valuable addition to your trading arsenal.
JK paper has formed a cypher pattern, and expecting 411 and 550 levels in coming times
it also indicate start of 3rd wave of elliot
AUDUSD bearish cypherOn the daily chart, AUDUSD stabilized and moved upward in the short term. Currently, we can pay attention to the resistance near 0.6780. Once it reaches that level, there may be a chance to form a bearish cypher.
Confirm the length of XA band in the chart
Point B is the 38.2%-61.8% retracement of XA band
Point C is at most the 113%-141.4% extension of XA band
Point D is the 78.6% retracement of XC length
Point D is the potential reversal area
Target is the 38.2% and 61.8% retracement of CD band
Stop loss point is above X (0.6871)
Platinum: Bullish Cypher at Support with Bullish DivergencePlatinum is sitting at a Support Zone which aligns with the PCZ of a Bullish Cypher with RSI and MACD Bullish Divergence all on the Daily Timeframe and looks to be setting up to begin a retrace towards the resistances marked above.
Albemarle Corp - ALB end of correctionAlbemarle Corp has been in an Elliott steep ABC correction all the way down from ATH 335 and might have bottomed at 106 forming a cypher like pattern with:
AB = .5 of XA,
C extended 1.18 of XA &
CD retraced .798 of XC, while this is a minor deviation from a classic cypher .786 (due to a wild wick of a red candle on a day when they announced shareholder dilution) What I don’t really like is ATH C point which should be at least 1.272 of XA.
Would consider it to be a correction, and not a major downtrend coz out of ABC wave set, Wc has retraced not more than 1.618 of Wa i.e. length is 186 vs 126, hence – it’s a correction and per cypher pattern it should end as the stock observed several minor swings from 106-110 lows to resistance levels of 130-140.
110-112 recently was a demand zone being an upper band of earlier demand zone 90-112 (Sep’20 – Oct’20 candles)
To prove the cypher end of CD retracement I looked more broadly at ALB monthly chart. Over decades history it retraced twice: Apr’09 at fibo .854 and Mar’20 (pandemic) .764 meaning historically the stock gives up 75-85 per cent of preceding growth
As of March 24 point D also stands at 80 per cent retracement
Tactically it is trading within a downward channel. I would consider long once it breaks the resistance line (the upper green line) with a target first somewhere 194
BTCA nice TRIANGLE CORRECTION is developing on BTC which is also looking like a HANDLE formation for a CUP.
Gartley and a Cypher brotherhood - short DOWDespite the cluttered chart I think we have a Fib confluence area build around two common harmonic patterns - Gartley 222 (Redish area) and the Cypher (Blue area).
Whether you sold the 88% retracement ()In the CYpher scenario or the 78% retracement ()the Gartley scenarioI think we have a good scenario for a short trade.
Protecting stop at 1 to 1 then and aiming for some runner that really needs to drop to make our RR interesting.
Moonbeam (GLMR) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Moonbeam (GLMR) with US Dollar pair.
Recently we caught more than 47% pump of GLMR as below:
Now on 1-hr time frame, GLMR with has formed a bullish Cypher move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
GBP/CHF - Anticipating Bearish Momentum from Key ResistanceGBP/CHF is forming an Anti-Cypher Harmonic Pattern (XABCD) on the 4-hour chart. This pattern indicates a potential reversal in the current trend.
Key Levels and Trendlines:
The price is approaching a key resistance area and a 4-hour trendline, suggesting a possible reversal from the bullish momentum.
Entry and Stop Loss:
Considering the Anti-Cypher pattern and the resistance levels, a prudent entry point for a short position is 1.1385. The stop loss should be placed at 1.14500 to mitigate potential losses.
Take Profit Targets:
We have identified three take-profit targets
TP-1: 1.13235
TP-2: 1.12650
TP-3: 1.12035
These levels align with potential support areas and provide suitable profit-taking opportunities.
Conclusion:
Based on the analysis of the Anti-Cypher pattern, key resistance levels, and trendlines, we anticipate a bearish momentum from Point D. Traders may consider entering short positions at 1.1385 with stop loss at 1.14500 and targeting TP levels at 1.13235, 1.12650, and 1.12035 respectively. As always, it's essential to closely monitor the market for any changes and adjust the strategy accordingly.
GBP/CAD Harmonic Pattern Signals Bearish OpportunityOverview:
GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement.
Entry Strategy:
A prudent entry point for this trade is near 1.72840. This level aligns with the anticipated reversal point, providing an optimal entry opportunity for traders seeking to capitalize on the projected Bearish momentum.
Stop Loss Placement:
To mitigate potential risks associated with adverse price movements, it is advisable to place a Stop Loss order near 1.72480. This strategically positioned Stop Loss serves to safeguard against unexpected market fluctuations while allowing for ample room for the trade to unfold in alignment with the projected analysis.
Take Profit Targets:
1. TP-1: 1.71175
2. TP-2: 1.70525
3. TP-3: 1.69869
Conclusion:
In conclusion, the technical analysis of GBP/CAD suggests a compelling Bearish trading opportunity, characterized by the formation of an Anti-Butterfly XABCD harmonic pattern and proximity to key Resistance levels. By adhering to the outlined entry, stop loss, and take profit strategies, traders can effectively navigate the market dynamics and capitalize on the anticipated Bearish movement with confidence and precision.
SAND/USDT Technical Analysis - Potential Bullish OpportunitySAND/USDT has exhibited a notable XABCD harmonic pattern formation, coinciding with a pivotal support level. This suggests a potential bullish reversal from point D, indicating favorable trading opportunities for discerning investors.
Harmonic Pattern Analysis:
The XABCD harmonic pattern observed in SAND/USDT signals a systematic price structure characterized by precise Fibonacci relationships. The completion of this pattern at point D suggests a high probability of trend reversal, presenting an optimal entry point for bullish positions.
Key Support Area:
The convergence of the XABCD pattern with a key support area strengthens the bullish bias, reinforcing the significance of the anticipated price movement. This confluence enhances the reliability of our analysis and underscores the importance of the identified entry level.
Entry Strategy:
We recommend initiating long positions near the price level of 0.5053, strategically aligning with the completion of the harmonic pattern and the established support region. This entry point offers favorable risk-reward dynamics and positions traders advantageously for potential upside movements.
Risk Management:
To mitigate downside risks, it is prudent to implement a stop-loss order near 0.3532. This predefined exit point safeguards capital and preserves trading discipline, ensuring minimal losses in the event of adverse price fluctuations.
Profit Targets:
Our profit-taking strategy encompasses two distinct targets to capitalize on the anticipated bullish momentum. The initial profit target (TP-1) is set at 0.6584, representing a conservative approach to securing gains. Subsequently, the secondary profit target (TP-2) is identified at 0.8115, offering the potential for extended profitability as the uptrend unfolds.
Conclusion:
In conclusion, the technical analysis of SAND/USDT reveals a compelling bullish outlook, characterized by the formation of a XABCD harmonic pattern and the confluence with a key support area. By adhering to the suggested entry, stop-loss, and profit-taking levels, traders can optimize their trading strategy and capitalize on the anticipated price appreciation.
Disclaimer:
This analysis is based solely on technical indicators and historical price data. It is imperative to conduct thorough risk assessments and exercise prudent risk management practices when executing trades in the financial markets.*
