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Cypher

BTC - Potential harmonics to support HTF PlanSharing this idea as a reference to my primary HTF view - the chart was going to be too messy otherwise. I don't have much experience in trading harmonics at all, but often I keep an eye on them as they respect fibs levels I trade a lot. Also, maybe just a personal observation, but when i find it more difficult to trade, and it takes ages for the price to move in certain directions, there is probably a harmonic in play. FVGs, OBs, algo levels and speed fan confluence as well. Trade safe :)
by cryptokebab
What if to MARA Never Comes MARA - Marathon Digital Holdings We covered CIPHER (CIFR) Mining recently which is the 3rd largest public bitcoin mining company. MARA, which we are covering today is the is the 2nd largest public bitcoin mining company in the world. Soon I will cover RIOT which is the LARGEST. We save the best till last. THIS TRADE: 18:1 trade with 592% potential upside and only -32% downside (the stop could be lowered if you have a higher risk tolerance). Bullish Developments on the chart: - Price above the POC means strong underside support Point of Control (POC) is the price level at which the greatest number of contracts have been traded within a volume profile. - Above 200 day SMA means further strong underside support along side POC line. The 200 day SMA has not turned upwards yet and I would be much happier is this would materialize. - We are potentially breaking out of the parallel channel right now. We need confirmation of this. I would prefer the 200 SMA to turn up and for price to bounce off it at some point. This would provide additional comfort. FINALLY, I think this could be also fall into the long term trade category. The RR is exceptional. The stop can be tight or a little looser. For me, im playing the long term game with BTC and will be holding positions long term in Miners too. If the trade plays out ill be skimming the position for sure but ill be leaving positions run and will update as we follow. Play it safe guys. Positions that mean nothing to you. Remove and/or manage emotions with position size. Some Fundamentals to help MARA stick in the mind - 2nd largest public bitcoin miner - MARA have 105,200 mining rigs deployed (CIPHER by comparison have 70,000 rigs and RIOT have 84,000+. My understanding is RIOT have the newer 2,000 Antminer S19j Pro miners and 3,000 S19 Pro rigs which arguably perform better) Ill make a table of these differences at some point - Interestingly the market cap of MARA is $1.98bln just behind RIOT at $2.00bln. CIPR is $0.70bln - MARA mined 825 bitcoin in the month of March 2023 (Cipher by comparison mined 493 in May and RIOT mining an ATH of 740 BTC in Jan 2023). Again ill do a bit of digging here to see can we get updated figures. Thats all folks, stay posted for RIOT coming next and some comparison work on T--itter PUKA
NASDAQ:MARALong
by PukaCharts
Cipher BTC mining - Major upside potentialCIPHER MINING (CIFR) $CIPR - Inverse Head and Shoulders breakout & retest? - Above 200 day SMA with turn up - OBV increasing - On daily chart we are above the Point of Control which aligns which closely with purple horizontal - We could see a retest of this line so I would be DCA'ing from here in dribbles especially after a big move like this weeks 25% +, regardless I want exposure so ill dip my beak here. In terms of managing this trade the chart really shows you everything. This is a long term trade with a good risk return ratio. Align the trade with your own risk tolerance and remember to always be patient and keep an allocation aside in case of a lower price entry opportunity. Stop loss is outlined on the chart and should be honored. We can always re-enter the trade at a later date having reviewed the situation. Setting a stop under the 200 day SMA could be used as a trailing type of stop also. Fundamentals (for fun and stamping the stock into our mind): - CIPHER appears to be half the size of Marathon Digital Holdings (MARA) which is a well known industry large player - Cipher have 59,000 mining rigs deployed (MARA by comparison have 105,200 rigs) - Cipher mined 493 bitcoin in the month of May (MARA by comparison mined 825 in March 2023) - CIPHER announced record production during the month of May 2023. It appears things are just heating up. Fabulous Quote from the CEO from back in November 2022 which gives you an idea of the location and their unique offering “We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”
NASDAQ:CIFRLong
by PukaCharts
1
A cypher pattern is in makingSome Key factors 🔑 that can affect the price of gold 💰: Inflation: Gold 💰 is often seen as a hedge against inflation 🔥, as its price tends to rise ↗️ when inflation 🔥 is high. This is because gold 💰 is a finite resource 💎 that cannot be inflated away 💨. Interest rates: When interest rates 💴 are low, gold 💰 becomes more attractive as an investment, as investors can earn a higher return 📈 by holding gold 💰 than by holding cash 💵 or other low-yielding assets 🥱. Economic growth: Gold 💰 is also seen as a safe haven asset during times of economic uncertainty ⚠️. When economic growth 📈 is weak or negative ⬇️, investors may flock to gold 💰 as a way to preserve their wealth 💰. Geopolitical events: Gold 💰 can also be affected by geopolitical events 💥, such as wars ⚔️ or political instability ⚠️. These events can cause investors to worry about the safety of their investments 💰 and flock to gold 💰 as a safe haven. The overall trend looks a part of a cypher pattern where XABC has already formed and the last point D is be confirmed. On The daily chart it is forming a downtrend channel which indicates a weakness On weekly basis, its currently trading below 20 EMA (1932), a first sign of weakness in bigger time frame. If a cypher pattern is formed, we can see a 1715 levels by 12th Feb'2024 We will keep a close track and update
OANDA:XAUUSDShort
by yogesharora2409
2
Bearish Cypher and Bat Patterns in Harmonic: An Educational Post🎢**What are Harmonic Patterns?** Harmonic patterns are a type of technical analysis that uses Fibonacci ratios to identify potential turning points in the market. They are based on the idea that the market tends to move in geometric proportions. 📐Fibonacci ratios are a set of numbers that are derived from a mathematical sequence. They are often used in financial markets to identify potential support and resistance levels. **What is the Cypher Pattern?** The Cypher pattern is a five-point harmonic pattern that is often used to identify potential price reversals. It is characterized by the following Fibonacci ratios: * XA retraces 0.382 to 0.618 of the previous swing * AB retraces 0.382 to 0.618 of the XA swing * BC extends to a minimum of 1.272 and a maximum of 1.414 of the XA swing * CD retraces 0.786 of the XC swing **What is the Bat Pattern?** The Bat pattern is another five-point harmonic pattern that is used to identify potential price reversals. It is characterized by the following Fibonacci ratios: * XA retraces 0.382 to 0.5 of the previous swing * AB retraces 0.382 to 0.886 of the XA swing * BC extends to 1.618 to 2.618 of the AB swing * D retraces 0.886 of the XA swing **How to Trade Cypher and Bat Patterns** Cypher and Bat patterns can be traded in both bullish and bearish markets. However, they are more likely to succeed if they are traded in the direction of the overall trend. **Tips for Trading Cypher and Bat Patterns** * Look for patterns that have clear and well-defined Fibonacci ratios. * Trade in the direction of the overall trend. * Use risk management techniques. **Interesting Example:** A similar pattern was observed in Tata Motors from year 2009 to 2021. The stock had a rollercoaster ride, but it eventually reached new highs in 2023. 🎢📈 **Potential Outcome:** If a Bat & Cypher pattern is in the making in S&P 500, we could see the index reach 2800 levels by August 2024. 📈🚀 **Conclusion** Cypher and Bat patterns are two popular harmonic patterns that can be used to identify potential price reversals. They can be traded in both bullish and bearish markets, but they are more likely to succeed if they are traded in the direction of the overall trend. **Please note:** Harmonic patterns are not a perfect trading system. There is no guarantee that the market will reverse after a Cypher or Bat pattern is completed. However, these patterns can be useful tools for identifying potential trading opportunities. 🔍 However, I am not a financial advisor and cannot provide financial advice. Please do your own research before making any investment decisions. 💰
SP:SPXShort
by yogesharora2409
1
AUDCAD - Bear Cypher + Reading Candlestick CluesWe're looking at 2 things here on the AUDCAD. Starting on the daily chart we have a couple of candlestick formations that have left us clues about how price may react if it's able to get to that level once again. Going down to a lower timeframe we also have a potential advanced pattern formation setting up with it's completion point directly at the start of that previous zone. If you have any question, comments or just want to share your analysis on this chart, leave it below & I'll be sure to give it a look. As always make sure you SMASH that BOOST button before heading out. Akil
Short
by Akil_Stokes
2
Hilltop Holdings Bank: Bearish Cypher w/Double PPO ConfirmationHilltop Holdings has formed a W-shape, which I thought would complete an 0.886 and become a Bearish Shark, but it has since given 2-3 PPO Confirmation Circles around the 0.786 retrace instead. In addition, it has confirmed a lot of RSI Bearish Divergence within this zone; for that reason, I see a strong possibility that this ends up being a Bearish Cypher instead of a Bearish Shark and given that it is a bank, it will probably end up performing dramatically. I will likely be looking into FAZ soon (The inverse ETF for the Financials sector) as it's sitting at the PCZ of a Bullish Gartley but just hasn't given any form of confirmation yet.
NYSE:HTH
by RizeSenpai
Gold analysis and short tradeIf you have been following my gold analysis and posts where I gave a swing short setup, I explained how we could see a good bounce from 1900 area and we have witnessed just that. The chart is self-explanatory as to why we bounced. There were several confluences for the exact bounce price, it was a golden pocket which interested with trendlines from falling wedge and ascending broadening wedge perfectly. Also as shown below we have Gann 1/2 support right where it bounced from. Now I am waiting for Gold to move past 1980 area which is strong resistance as it's a macro-VAH as shown below which is exactly where gold is rejecting from currently. Once it does move past that area, I am looking at another short setup on Gold from the exact measured move area of the wedge which is confluent with a cypher on the 4H timeframe as shown below. If this short does not work Gold will create new all-time highs.
OANDA:XAUUSD
by zakoraio