Bitcoin Bearish Cypher (Attachment) 50% retrace Possibility Good afternoon, just an update on the potential Bearish Cypher pattern if we run up to the 50% retrace before selling off.
We hit our .382 and my ideas for what we may be in the makes for are already posted. Now it's time I post the 50%, 61.8% and 78.6% retraces if we ever hit them.
For the bearish Cypher, just like the 38.2%, if we hit the 50%, we are still looking for a sell off between the 113% and 127.2% retrace before that divergence plays out.
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Bearish Cypher
Bitcoin Bearish Cypher IdeaGood evening,
My second Idea for wave and bitcoin, the "Bearish Cypher".
Still inside the blue box, we could form Daily Bullish Divergence there at the $6,150ish Support for Wave C, the 127.2% retrace. This would be a range of course. We could definitely retrace at the 113% retrace, but like I said, my premium members will know this ahead of time. They will know when and where I take my long entry position in Bitcoin.
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FB Bearish Cypher Update (SHORT)Good evening,
Update to FB, I am short as of today on this asset. Currently in the PCZ of the Bearish Cypher.
Entry now to the top of the range
Exit Targets: Wave B, Common retraces or aim for the fences between A and C
Stop slightly above the pcz.
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$Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599
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$Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU
$Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144
$XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
Beam Bearish Cypher into Bullish Butterfly :OGood evening ladies and gents, Beam is looking so beautiful. You had a bearish cypher that is now forming into a potential Bullish Butterfly. The confluence on this chart is just out of this world. That PC(zone) of the bullish butterfly lines up with the 2.618 at critical support and the 1.618. This is an area where price reversal could occur. We'd need to retrace just a little bit more before selling off to these prices so we can form 4 hour Bullish Divergence. I think this is an amazing trade set up looming. But that Teal range is where I am looking for reentry. All three of my previous targets have been hit on Beam and I have taken complete profit at the top. Now we are hoping for a reentry in the teal zone. I am big on witnessing two harmonics and or cyphers combined. It's just so beautiful. It really is. The divergence played out perfectly at critical areas of resistance. Seems like the end of the world for beam, but it really isn't. Just give it a little time.
Entry range between .5607 and .5327 cents.
Exit Targets are at Wave B, C, and A
Stop at .4841 cents (You could raise it slightly higher)
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FB Bearish CypherGood evening Ladies and Gents, Potential Trade Set Up here if we could ever get to these areas. Perhaps we'll form Bearish Divergence on the larger time scales upon reaching this pink area for a great shorting opportunity with a really good Risk/Reward Ratio. The exit targets are optional, although it would probably be smarter to take profit between the 38.2% and 61.8% retrace once we can get a definitive top. Pink area depicts the PC(ZONE) of the Potential Bearish Cypher.
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Link Potential Bullish CypherDaily Bearish Divergence on Link at a critical fib node. It is playing out as we speak. I don't recommend going short right now. But the best possible trade set up right now is at the pcz of the potential Bullish Cypher if we could ever get there. Risk/Reward and Exit/Stop's are depicted on the chart.
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$Ethereum/$USD Potential Bearish CypherYou have bullish divergence at critical support at wave c of this pattern. I am giving us a potential area of shorting at the pcz of the bearish cypher. We'd look for bearish divergence on the four hour time frame before taking a short. That I will keep you updated on if and when we hit the pcz of the bearish cypher!
$ALGO / $BTC Update 4 Bearish Cypher in play now?The Bullish Cypher has played out ladies and gents! We hit our PCZ and I took a position at 563 and 555 sats! I have taken some profit at two different targets, but now is where we need to start looking for Cypher pattern Targets. We're talking about potential price reversals to the downside between the retrace of the .786 also at wick A and also the 100% retrace taget at wick C. Right now, we have a potential Bearish Cypher in play and I do plan on taking complete profit in the pink Box if bearish divergence is showing. I will be taking profit regardless, but bearish divergence will determine if I take 100% profit or not. As of now, you have no bearish divergence and honestly it wouldn't be out of the norms if we sold off between 38% and 62% of our value gained before reaching the pcz of the bearish cypher and also creating bearish divergence. Just like what we saw with the bullish cypher. Before we hit the pcz, we bounced in price action for a 38% retrace before selling off to the PCZ forming Bullish Divergence. I am still holding some of my position in ALGO as of now. You are showing slight bearish divergence on the one hour time frame on the MACD. This may play out and we may potentially see a retrace before again "hitting the PCZ" of the potential Bearish Cypher! I hope everyone is doing well and we'll see what happens :D