Cypher
USD/CHF 4HUSD/CHF 4H Linear scale :
First, we can see a finished cypher down confirming our AB=CD pattern (at the C rn).
I used the BC line which is also the final cypher leg to draw a Fibonacci retracement giving us levels for our trade.
I used the 0% level as a target without being too hungry. We can still adjust the stop loss tho.
We are currently bearish because of our ABCD and possible ( not sure and present on the chart ) falling wedge.
All Stellar Lumens XLM Broke Out The channel For Big MovePrevious broadening formation:
Previously on the weekly time frame chart, the price action of Stellar formed a broadening formation, and every time after getting rejected by the support it was forming higher than the previous high. But during the recent drop, the priceline of Lumens has broken down a very strong support structure of this broadening formation and now moving around the 50 simple moving average on the weekly time frame. After 50 simple moving average, there are also 100 and 200 simple moving averages strong support beneath the price action of XLM
Support and resistance levels:
If we take a look at the major support and resistance levels on the weekly time frame chart, then it can be easily observed that the priceline has been strongly rejected by the 70 cents resistance level. Ater $0.70 the price action broke down the different supports at $0.55, $0.45. $0.35 and $0.28 respectively. Now it is moving above $0.22 support level. During this recent downward rally, the price action has spike up to $0.20. Therefore, now the $0.22 cents resistance has been replaced by the $0.20.
Broke out the resistance of channel:
The price line has also broken out the resistance of a down-channel for a big move.
Big bullish Cypher move:
XLM also has formed a big bullish Cypher patter, I have already shared the details of this pattern in my previous article for more details you can visit the below article:
New broadening formation:
After breaking down the support of the previous broadening formation which was formed on the weekly time frame now the priceline of XLM has Formed another broadening formation on the daily time frame and moving at the support of this broadening formation. If the priceline will be reversed bullish from here and reach the resistance then it can move up to 80 cents.
$LLEX entry PT 6.30-7-8 Target PTs 15 and higher Long term PT 60$LLEX entry PT 6.30-7-8 Target PTs 15 and higher Long term PT 60
BULLISH CYPHER PATTERN
Spike in Volume
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GBPJPY Cypher Pattern DailyJust did some research on patterns. GJ looked like something just didn't know what on Daily. After researching I was able to identify what pattern it is. The Cypher Pattern. Definitely an impulse bullish move setup. Now I have more confluence in my trade setup I marked previously on the 4H.
DXY create cypher harmonic pattern.So, SELL NOW....
DXY chart create cypher harmonic pattern. When market create candle contamination on
92.200 Resistance zone. Then the market goes down to 91.508 support zone. If breakout 91.910 support level then dollar index
more down to 91.630 level.
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$SXTC entry PTs 1.50-1.57-1.67 Target PT 5 and higher$SXTC entry PTs 1.50-1.57-1.67 Target PT 5 and higher
BULLISH CYPHER PATTERN
RS Ratio: 1/04 on 2/22/2021
Wyckoff Re-accumulation after decline, between Support and Resistance levels
Influx of Volume
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Ethereum formed a bullish Cypher for upto 14.5% moveHi dear friends, hope you are well and welcome to the new update on Ethereum (ETH) with BTC pair.
Previously we had very huge profit trade of Eth with BTC pair:
Now this time on the daily time frame chart, the price action of ETH has formed a bullish Cypher , There is also 100 simple moving average support in the buying zone.
Cypher patternHow to trade when you see the Cypher pattern?
While trading the cypher pattern, you will apply a set of simple rules. They will try to minimize risk and maximize profits. Even though there is one more important step to learn before defining the cypher pattern trading strategy rules.
Step 1: Drawing Cypher patterns
Click on the harmonic pattern indicator located on the right-hand side toolbar of the TradingView platform.
Identify the starting point, X, on the chart, which can be any swing low or high point.
Once you’ve located your first swing high/low point, follow the market swing wave movements.
Every swing leg has to be validated and abide by the cypher pattern forex Fibonacci ratios.
Step 2: Trading process
Now that you know how to identify and qualify the harmonic cypher pattern, it’s time to trade the pattern. Standard methods of trading the cypher pattern include:
Entry point
The cypher pattern may be the most exciting harmonic pattern for risk management, because it has the highest winning rate. Backtesting results have continuously proven the cypher pattern forex is a very dependable harmonic pattern.
Next, buy with a market order at the first candle preceding the completion of the D point at 0.786 Fibonacci retracement of the XC leg. Once the market touches the 0.786 level, wave D is in place, because you can’t control how far the market will go.
When the CD leg gets to the 78.6 percent retracement level, the cypher pattern is complete and valid. However, the 78.6 percent Fibonacci retracement level of X to C also acts as the standard entry point for a valid cypher pattern trade.
Take profit
There are some ways to take profit with this pattern, but the standard method is to scale out of your position at the first take profit level and end the trade at the second take profit level. Take profit once you get to point A. To get to such levels, draw a Fibonacci retracement of the CD leg.
The cypher patterns trading method is a reversal method. Make sure you capture as much as possible from the new trend. If you’re not a fan of reversal strategy, and you prefer a trend following strategy, follow the MACD trend following strategy-simple to learn another strategy. The strategy has attracted a lot of interest from the Forex trading community.
Ensure you take profits once you reach point A of the pattern, because it has conservative take profit target.
So, why should you take profit so early?
For the most part of the harmonic patterns, it’s best to lock in profits as soon as possible. Since the cypher pattern is one of the most profitable harmonic patterns, you can give it more room for the price action to breath. You have the chance to at least see a retest of the wave A.
Stop-loss
Ensure you give your trade at least 10 pips space above X in the intraday charts. While trading a bullish cypher pattern, place the stop-loss at least 10 pips lower than the low of X. For a bearish pattern, place the stop-loss at least 10 pips higher than the high of X. That’s the only logical place to hide your stop-loss, because any break below will automatically invalidate the trade.
IOTA formed another big setupThe previous harmonic butterfly:
In this article I'll share with you how the price line of the IOTA coin has formed a very big harmonic pattern. Before this, I've already shared another major idea and that was a very big bullish butterfly which was formed on the weekly time frame chart. After taking bullish divergence from the potential reversal zone of this big bullish butterfly pattern, the Priceline surged to more than 1100%.
support resistance levels and SMAs:
After a very big rally, IOTA found strong resistance at $2.50 and after being rejected by this resistance level the price action moved down at the very strong support at $0.70. Now the price is moving at the $0.70 support level for the past several days. We also have very strong support of 200 simple moving average on the 2-day chart, which is exactly at the $0.70 support level. The next price level resistance is at $1.50 and then at $2.50. There is also a 100 simple moving average working as strong resistance before the $1.50 resistance level.
Big Cypher pattern:
Now this time on the weekly time frame chart, the price action of IOTA has formed another bullish Cypher pattern. After entering the buying zone the priceline has moved above the potential reversal zone and now agai re-entered the buying zone. The buy and sell targets according to Cypher can be as below:
Buy between: $0.8888 to $0.5214
Sell between: $1.17 to $1.87
The maximum extent of potential reversal zone $0.5214 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 250%, and the big loss possibility is 41%.
It Will Be Another Giant Move Of NEO CoinBroke down the rising wedge:
On the 4-hour chart, the price action of NEO coin was moving in a rising wedge pattern and as it is a bearish reversal pattern, therefore, the price action eventually broke down the support of this rising wedge but so far did not hit the bearish targets of this rising wedge pattern and moving sideways:
On the other hand, if we take a look at the Bitcoin chart, then on the daily time frame after breaking down the support of the rsing wedge on the daily time frame, the bitcoin is also moving sideways. Therefore the NEO is also following the move of Bitcoin.
BTC rising wedge
Support and resistance levels and SMAs:
On the weekly time frame chart, it can be clearly seen that after being rejected by the $130 resistance level the price action has moved down at $29 to $30. This is very strong supports and because previously it has been working as a support and resistance as well.
The priceline of NEO is also moving around 50 simple moving average on the weekly time frame chart and after 50 SMA there is also 100 simple moving average above the support of $20.
Big bullish Cypher pattern:
On the weekly time frame chart, NEO has formed a bullish harmonic bullish Shark pattern. The 1.13 Fib level is in the negative territory, therefore it is not possible for the priceline to move there, however, there is strong support at $12.50. Therefore, we can set the buying zone accordingly as below. There is also 100 simple moving average support in the buying zone which can be used as a stop loss for the long-term trade. The buying and sell targets as per this pattern can be as below:
Buy between: $26.08 to $12.50
Sell between: $51.64 to $110.057
As per the above targets, this trade has a big profit possibility up to 780% but if you consider the buying zone max up to 100 SMA then profit possibility can be upto 390%.
$WORX BULLISH CYPHER PATTERN$WORX BULLISH CYPHER PATTERN
SUPPORT AND RESISTANCE
MA50 crossing up MA200
Spike in Volume
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$SEED BULLISH CYPHER PATTERN$SEED BULLISH CYPHER PATTERN
SUPPORT AND RESISTANCE
Huge Spike in Volume
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