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Cypher

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.
FTSEMYX:FBMKLCIEducation
by manjoiboyz
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%.
Long
by moon333
1
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%.
Long
by moon333
2
$WORX BULLISH CYPHER PATTERN$WORX BULLISH CYPHER PATTERN SUPPORT AND RESISTANCE MA50 crossing up MA200 Spike in Volume SCWorx Corp. provides software solutions for the management of health care providers' foundational business applications in the United States. The company provides services related to repair, normalization, and interoperability of information, as well as big data analytics model that provides web portal for display, and reporting and analysis of the information contained within the data warehouse. It also offers various software solutions and services, such as virtualized item master file repair, expansion, and automation; electronic medical record management, a module that integrates the advanced data attributes created in the item master to the electronic medical records; charge description master management(CDM), a module, which assists healthcare providers by integrating the CDM data into the workflow of the hospitals purchasing systems; contract management, a module that assists healthcare providers to establish a contract management system and to provide care to patients; request for proposal automation solution; rebate management; ScanWorx, a mobile perioperative closed loop scanning solution; and data integration and warehousing, as well as solutions for integration of acquired businesses, which enable deployment of a virtual item master files. The company sells its solutions and services to hospitals and health systems through its distribution and reseller partnerships. In addition, it offers CageTix, a ticketing platform for mixed martial arts industry. Further, the company focuses on selling rapid test kits for COVID-19; and personal protective equipment. SCWorx Corp. is based in New York, New York.
NASDAQ:WORXLong
by BADQOMOCAWGOWLD
$SEED BULLISH CYPHER PATTERN$SEED BULLISH CYPHER PATTERN SUPPORT AND RESISTANCE Huge Spike in Volume Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology and an e-commerce platform in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. It develops, produces, and distributes hybrid crop seeds, as well as develops hybrid seed technology. The company also operates an e-commerce platform, which provides range of products, including agricultural seed products that comprise corn, rice, and vegetable seeds; other agricultural inputs, such as fertilizers and agricultural chemicals; foods; household products; and other consumer products to farmers through online and mobile ordering. Origin Agritech Limited was founded in 1997 and is headquartered in Beijing, China.
NASDAQ:SEEDLong
by BADQOMOCAWGOWLD
1
$SGOC BULLISH CYPHER PATTERN$SGOC BULLISH CYPHER PATTERN Huge spike in Volume SGOCO Group, Ltd. designs, develops, and manufactures phase change material storage systems for applications on cooling and heating systems in Mainland China and Hong Kong. The company's products include phase change material thermal energy storage products; LCD/LED monitors; and TV product-related and application-specific products. It is also involved in money lending services; and property lease and management activities. In addition, the company provides fintech and IT support services. It sells its products under the SGOCO, No. 10, and POVIZON brand names. The company was formerly known as SGOCO Technology, Ltd. SGOCO Group, Ltd. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.
SLong
by BADQOMOCAWGOWLD
2
Stellar Lumens XLM a big setupThe SMAs: After the powerful bull run, the price action of Stellar dropped very hard and broke down the uptrend line support. This trend line was working as a long-term market structure for the price line of XLM. After breaking down this trendline support the price action moved at the weekly 50 simple moving average an at the moment it is moving around this SMA. After the 50 simple moving average, there are also 100 and 200 simple moving averages below the price line. Support and resistance: The price action of Stellar has a very strong support zone starting from $0.28 to $0.22. If this support zone will be broken down then the price action can move to $0.12 because there is no significant resistance and support between $0.22 to $0.12. Therefore, for the price reversal, it is very important for XLM to save this supports zone. Bullish harmonic Cypher move: On the 2-week time frame chart, the price action of XLM has formed a big bullish Cypher pattern. There is also 25 SMA support in the buying zone. As per the Fibonacci sequence the buying and sell targets of this Cypher pattern can be as: Buy between: $0.3474 to $0.2248 Sell between: $0.4439 to $0.6757 The maximum extent of potential reversal zone $0.2248 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 200%, and the high loss possibility is 36%, however at this time the risk is low as the price action is already close to the end of the buying zone.
Long
by moon333
MANA toke is ready for a big moveSupport and resistance levels: From November 2020 to April 2021 the price line of MAN token surged more than 2600%. After finding strong resistance at $1.55 0 the priceline found nice support at $0.50. Right now it is moving between the $0.80 resistance and the $0.50 support level. If the $0.80 resistance will be broken out then we have the next resistance levels at $1 and $1.20. Once candlesticks will break out the $1.20 then MANA can easily move up to break out the next resistance at $1.55. Daily SMAs and a possible death cross: On the daily time frame, the price action has recently broken out the 200 and 50 simple moving averages. Now we have the next resistance of 100 simple moving average approximately at the same level where we have the $1 resistance level. The 50 simple moving average was moving down aggressively to form a death cross with 200 SMA. Now it is turning to the right side, therefore, it is possible that now this expected death cross will be avoided. However, if the death cross will be formed then the price action can still move towards the upside. Because the death cross will be formed below the candlesticks and there is a good support of 50 and 200 simple moving averages below the price action. Bullish harmonic Cypher move: n the weekly time frame chart, the price action of MANA has formed a big bullish Cypher, at the moment the priceline is moved up after visiting the buying zone, but it is possible that it may give us another chance to catch from the potential reversal zone if BTC takes one more dip. As per the Fibonacci sequence of Cypher, the buying and sell targets can be as below: Buy between $0.6937 to $0.4283 (There is also strong support at $0.50) Sell between: $0.9026 to $1. 40 There is also strong support at $0.50, therefore we can also set this level as a stop loss. As per the above targets, this trade has a big profit possibility of 220%, and the loss possibility is 38%, but we can also use $0.50 support as a stop loss to minimize the loss ratio.
Long
by moon333
$DARE BULLISH HARMONIC CYPHER PATTERN$DARE BULLISH HARMONIC CYPHER PATTERN, BUILDS TWICE THE SCALE OVER TIME Volume uptick Daré Bioscience, Inc., a clinical-stage biopharmaceutical company, focuses on developing and marketing products for women's health in the United States. The company develops therapies in the areas of contraception, fertility, and sexual and vaginal health. Its products in advanced clinical development include DARE-BV1, a bioadhesive hydrogel formulated with clindamycin phosphate 2% to treat bacterial vaginosis in a single administration that has completed Phase 3 clinical trials; Ovaprene, a hormone-free monthly vaginal contraceptive; and Sildenafil Cream, a cream formulation of sildenafil for topical administration to the vulva and vagina for treatment of female sexual arousal disorder. The company's Phase 1-ready products are DARE-HRT1, a combination of bio-identical estradiol and progesterone intravaginal ring for the treatment of vasomotor symptoms in hormone therapy; DARE-VVA1, a vaginally delivered formulation of tamoxifen to treat vulvar vaginal atrophy in patients with hormone-receptor positive breast cancer; and DARE-FRT1, an intravaginal ring containing bio-identical progesterone for the prevention of preterm birth and broader luteal phase support as part of an in vitro fertilization treatment plan. Its products in pre-clinical stage include DARE-LARC1, a combination product designed to provide reversible contraception; ORB-204 and ORB-214, an injectable formulations of etonogestrel to provide contraception over 6-month and 12-month periods; and DARE-RH1, a non-hormonal contraception for men and women. The company is headquartered in San Diego, California.
NASDAQ:DARELong
by BADQOMOCAWGOWLD
$CTIB BULLISH CYPHER PATTERN$CTIB BULLISH CYPHER PATTERN Wyckoff Re-accumulation after decline, Strong Volume building Yunhong CTI Ltd. develops, produces, distributes, and sells consumer products in the United States and internationally. It offers novelty products, including foil balloons; latex balloons under the Partyloons name; and toy balloon products, which include punch balls, water bombs, and Animal Twisties, as well as other inflatable toy items. The company also offers packaging films and custom film products for food, and other commercial and packaging applications; produces and distributes home organization and container products; assembles and sells Candy Blossom product line; and distribute party goods. It primarily serves various retail outlets, including general merchandise stores, discount and drugstore chains, grocery chains, card and gift shops, and party goods stores, as well as florists and balloon decorators. The company sells its products directly, as well as through a network of distributors and wholesalers, retail chains, and independent sales representatives. The company was formerly known as CTI Industries Corporation and changed its name to Yunhong CTI Ltd. in January 2020. Yunhong CTI Ltd. was founded in 1975 and is headquartered in Lake Barrington, Illinois.
CLong
by BADQOMOCAWGOWLD
Despite Bear Market AMP Token SurgedDespite Bitcoin was bearish AMP turned bullish: The AMP token was following Bitcoin’s move like all other altcoins and cryptocurrencies. But if we take a look at the weekly time frame chart, then after the candle stick which was started on the 17th of May the price action of Bitcoin was moving sideways but on the other hand the AMP token was extremely bullish and surged more than 350%. Different support and resistance levels: On the daily time frame chart, the price line of AMP token has different support and resistance levels. Previously $0.062 and $0.075 had been working as a major resistance levels. After rejection, the priceline made turned strong bullish and finally broke out all the resistance levels and found a final resistance at $0.115. Now after being rejected by the $0.115 resistance level the price action has broken down the previous resistances which were now working as supports at $0.075 and $0.062. Now the priceline has finally found strong support at $0.052 and moving above this level. Broadening formation: On the weekly time frame chart, it can be easily observed that the price line of AMP token has formed a broadening formation. Every time after getting bounced by the support of this pattern the price action moves up and forms higher than the previous high. This time the price line after being rejected by the resistance, is moving down and there is a distance between the support and the price line AMP token. Therefore, the price action can move a little bit more down for the completion of the bearish move to have another bounce from the support. Big bullish Cypher pattern: On the weekly time frame chart, the price action of AMP is forming another bullish Cypher pattern. There is also 25 simple moving average support in the buying zone. Before this, AMP formed a Cypher (which I have already shared on 26th Mar 2021) and this previous pattern produced more than 380% rally. Previous pattern: Now this time when AMP token will complete this final leg of the bullish Cypher then it will also complete the move upto the support of the broadening formation. Current pattern: Conclusion: Even though this time the AMP token is again forming a big bullish reversal pattern. However, for the completion of the final leg of this current move we need a little more drop and then the price action will enter the bullish reversal zone. Ideally, after entering the potential reversal zone we can buy this token.
by moon333
1
$ONCS BULLISH CYPHER PATTERN$ONCS BULLISH CYPHER PATTERN Strongest Wyckoff Re-accumulation with uprise, Influx of Strong Volume by MMs, setting up for becoming Parabolic Consolidation above upper resistance levels OncoSec Medical Incorporated, a biotechnology company, focuses on developing cytokine-based intratumoral immunotherapies to stimulate the body's immune system to target and attack cancer. The company's lead product candidate is ImmunoPulse IL-12 that uses electroporation device to deliver a DNA-encoded interleukin-12 (IL-12) for reversing the immunosuppressive microenvironment in the treated tumor. It is also developing ImmunoPulse IL-12 with KEYTRUDA in patients with advanced melanoma that is in Phase IIb clinical trials (KEYNOTE-695) and advanced or metastatic triple negative breast cancer (TNBC), which is in Phase II clinical trials (KEYNOTE-890); ImmunoPulse IL-12 and KEYTRUDA in patients with advanced or metastatic melanoma that has completed Phase II clinical trials; and ImmunoPulse IL-12 monotherapy in patients with metastatic melanoma, which has completed the Phase II clinical trials. In addition, the company is developing monotherapy biomarker study in patients with advanced or metastatic TNBC that has completed the Phase II clinical trials; and new DNA-encoded therapeutic candidates and tumor indications to treat deep visceral lesions, such as liver, lung, bladder, pancreatic, and other visceral lesions. It has clinical trial collaborations with Merck & Co., Inc. and its subsidiary in connection with the KEYNOTE-695 and KEYNOTE-890 studies; a research collaboration with Duke University's Center for Applied Therapeutics to evaluate enhanced IL-12 DNA-plasmid; a research collaboration with Roswell Park Comprehensive Cancer Center to evaluate the use of Roswell Park's intravital microscopy and enhanced IL-12 DNA-plasmid; and collaboration with Providence Cancer Institute. The company was formerly known as NetVentory Solutions Inc. and changed its name to OncoSec Medical Incorporated in March 2011. OncoSec Medical Incorporated was founded in 2008 and is headquartered in Pennington, New Jersey.
OLong
by BADQOMOCAWGOWLD
4