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Cypher

ETH - CYPHER HARMONIC PATTERN?Hey guys, hope everyone is good. I have something new here, a HARMONIC PATTERN Harmonic patterns involve more than just geometric shapes. They also follow strict "rules" measured by FIBONACCI LEVELS There are several types of harmonic patterns including Gartley, Butterfly, Bat, Cypher, 3 Drives, Crab, and more. This particular pattern is called the CYPHER PATTERN It is a REVERSAL PATTERN and usually occurs near strong trend reversals. It's said that CYPHER PATTERNS have a higher success rate than any other HARMONIC PATTERNS but are rarely found on the charts. The CYPHER PATTERN can be bullish, or bearish. The pattern in this chart is considered a bullish pattern. The buy order should be at point "D" with a stop loss below point "X" As I mentioned above, There are "rules" (requirements) that need to be met in order for the CYPHER PATTERN to be considered VALID . X-A > Line X-A is an IMPULSE LEG A-B > Line A-B is a RETRACEMENT of line X-A. It MUST retrace to 0.382-0.618 (candle close) B-C > Line B-C is another leg up. "C" MUST end up between the 1.272-1.414 FIBONACCI EXTENSION LEVEL of impulse leg (LINE X-A) C-D > Line C-D is a RETRACEMENT of X to C. Line C-D MUST touch the 0.786 RETRACEMENT LEVEL The chart shows a possible CYPHER PATTERN trade setup. Lines X-A, A-B, and B-C are all VALID, therefore IF line C-D touches the 0.786 RETRACEMENT OF X to C, we should have a high risk/reward trade setup. For this to be considered a VALID HARMONIC PATTERN, all of the "rules" above MUST be met. So far, the first 3 rules have been met. The only thing that is required now is for ETH to retrace to the 0.786 of X-C which is between $2200 - $2300 If the pattern CONFIRMS to be VALID, the TARGET is set at the 0.382 RETRACEMENT of X to C which is approximately $3700 (A potential gain of around $1500) Stop loss order just below "X" ($1690) If ETH does NOT retrace to the 0.786 of X to C, The pattern is INVALID . Because of the strict requirements for the CYPHER PATTERN and other HARMONIC PATTERNS, they do not occur as often as other chart patterns. TO BE CLEAR, THIS IS A POSITION "NEUTRAL" CHART. IT IS AN ANALYSIS & TUTORIAL. ETHERIUM WOULD HAVE TO DROP TO $2230 FOR THIS IDEA TO BECOME VALID. Just sharing some interesting things I've learned and can make use of. Hope you guys like this and find it interesting. If so check out my other Ideas. I'll leave my most recent BTCUSD chart link below. Please LIKE, FOLLOW, SHARE, and COMMENT if you wish. Sometimes I'm busy but I do respond mostly. *** THIS IS NOT INVESTMENT ADVICE This is just an idea and based off of my research and experience learning and trading cryptocurrencies. Always do your own research before trading or investing***
COINBASE:ETHUSD
by Mboersma0324
2
$MDJH Next Target PT 3.90 and higherMDJM Ltd, through its subsidiaries and variable interest entity, operates as an integrated real estate services company in the People's Republic of China. It offers real estate agency services to real estate developers; and real estate consulting services, such as consulting, marketing strategy planning and strategy, and advertising services and sales strategies. The company also provides independent training and tourism development services. It serves real estate developers, real estate design institutes and agencies, urban planning bureaus of various levels of governments, and urban rail transportation companies, as well as urban infrastructure development companies. The company was formerly known as MDJLEAD LTD. and changed its name to MDJM Ltd. in May 2018. MDJM Ltd was founded in 2002 and is headquartered in Tianjin, the People's Republic of China.
NASDAQ:MDJHLong
by BADQOMOCAWGOWLD
EURUSD > A Possible Bearish Harmonic Cypher Pattern!!Analysis of #EURUSD The EURUSD has a possible bullish Cypher harmonic pattern that might complete the D leg soon and provide a reason to get in a buy trade Trading Plan: >>, if EURUSD completes the d leg I might get in a buy trade or wait for the market to push further to the downside near my support zone before getting in a buy trade if the rules for entry are met. ⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis. ________________________________________ 💭 | 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
11
Voyager Token (VGX) formed bullish Cypher for upto 34% pumpHi dear friends, hope you are well and welcome to the new trade setup of Voyager Token (VGX) with BTC pair. Previously I shared a big BAT pattern of VGS, which is still in play: Now on the same daily time frame, within the potential reversal zone of the above pattern, VGX has formed another bullish Cypher pattern as below: 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.
VLong
by moon333
NZDCAD - Bullish Gartley, Cypher & Bat The NZDCAD is currently forming a right shoulder of a higher timeframe head & shoulders pattern. This consolidation at the right shoulder has led to a handful of potential bullish pattern formations on the lower timeframe. The chart in front of you shows a potential bullish gartley (purple), cypher (blue) & bat (yellow). If you have any questions, comments, or want to share your view on this chart or pair. Please feel free to leave it below as I do go through each and every comment and respond. Akil
Long
by Akil_Stokes
EURAUD > Follow up On a Buy Setup.Follow up on #EURAUD in my last post on EURAUD, I posted this setup and I explained how I will get in this trade, as you can see I did not get the confirmation at the completion of the D leg of this bullish harmonic Cypher pattern so I am now using plan B which is to wit for a further push to the downside as indicated in my last post "link below this idea" Trading Plan: >> If the EURAUD pushes further to the downside near my structure support level 1.4600 zone then look for a small bullish reversal pattern on the lower time frame looking for getting a buy trade with good reward to risk if the rules are met. ⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis. ________________________________________ 💭 | 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
6
EURAUD - Potential Bullish Cypher PatternHere on the EURAUD we have a potential bullish cypher pattern setting up. What makes this particular pattern interesting is the fact that it forms within a very nice bullish rejection zone from the daily chart. When it comes to advanced patterns, I don't need higher timeframe confirmation to tell if it's a valid signal or not, but if we happen to have some then it doesn't hurt the opportunity at all. Please do me a favor & smash that LIKE BUTTON! Also if you have any questions or comments about this trading idea, please share it in the comment section below as I do go through & read each one. Akil
Long
by Akil_Stokes
4
EURAUD > Rare Bullish Harmonic Cypher Pattern!!Analysis on #EURAUD The EURAUD forming a possible rare bullish harmonic Cypher pattern might complete near 147500 level Trading Plan: >> If the EURAUD completes my harmonics Cypher patterns you can either look to enter limit buy order or wait for a confirmation, for me, I will wait for a confirmation or a push further to the downside near my structure support level then look for a long trade with good reward to risk if the rules are met. ⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis. ________________________________________ 💭 | 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
18
$NAK Next Target PT .58 and not higherNorthern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that covers an area of approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd. in October 1997. Northern Dynasty Minerals Ltd. was incorporated in 1983 and is headquartered in Vancouver, Canada.
AMEX:NAKLong
by BADQOMOCAWGOWLD