ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4138
TP: 0.3885
SL: 0.4339
Bias: Short
The crypto pairs are narrowed down by lack of momentum and volatility recently. However we see some clear price actions last week which signify a sharp up and down swings in various crypto pairs due to some fundamental and technical factors.
Harmonicsignals
📉✌BTC 30min Long Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hi traders, first look at my previous analysis (linked below).
💥If the price trend does not break the bottom of the yellow zone, a quick long position can have a good chance of winning.
between now and the yellow area, you can open long position in two steps.
If the price reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5 are on the chart.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what you think.
CrazyS✌
CYPHER Harmonic Pattern - Made Easy For Everyone !The Cypher harmonic pattern is a technical analysis indicator used by traders to identify valuable support and resistance levels based on the Fibonacci sequence of numbers and detect trend reversals.
Here, in this article, we explain how the Cypher harmonic pattern works, identify it, and trade it.
What is the Cypher Harmonic Candlestick Pattern?
The Cypher harmonic pattern is a technical analysis formation indicating a price-action reversal.
The pattern was discovered by D. Oglesbee and is known as a relatively advanced pattern formation. In structure, the Cypher pattern is similar to the butterfly harmonic pattern; however, the Cypher is not a very common chart pattern due to its unique Fibonacci ratios.
The Cypher pattern, which can be either bullish or bearish, has five points (X, A, B, C, and D) and four legs (XA, AB, BC, and CD). Like any other harmonic pattern, the theory behind the Cypher chart pattern is that there is a strong correlation between Fibonacci ratios and price movements.
Eventually, the market is expected to reverse from point D after the four market swing wave movements
How to Identify and Use the Cypher Harmonic Pattern in Forex Trading?
Much like any other harmonic chart pattern, several conditions must occur so you can identify the Cypher pattern:
B point retracement of the primary XA leg ranges between 38.2% to 61.8% Fibonacci levels
C point is an extension leg with a Fibonacci ratio that should be between 127.2% to 141.4% of the primary XA leg
D point should break the 78.6 retracement level of XC
Let’s see what the Cypher harmonic pattern looks like on a trading chart.
Cypher Pattern – Set a Stop Loss
A reasonable stop-loss level when trading the Cypher pattern is simple and does not necessarily require the combination of Fibonacci retracement.
All you need to do is to place the stop loss somewhere below the D level because if this level breaks, the entire Cypher pattern is invalidated. So, the stop would be placed at the next support or resistance level, which is the X-point
Cypher Pattern – Set a Take Profit Target
The simple Cypher pattern trading method is using its points as profit targets, meaning the A and C levels.
How accurate is the Cypher harmonic chart pattern?
The Cypher harmonic pattern has been historically proven to be a fairly reliable and accurate chart pattern. According to various studies, the pattern has an accuracy rate of around 70%.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4032
TP: 0.3754
SL: 0.4197
Bias: Short
For the crypto related instruments we think of a bearish bias as the short bullish tempo will decline and create a good selling opportunity in the end. Any sudden price drive is always inundated by reverse moves all the time.
GOLD SPOT (XAUUSD) Potential Deep correction
PEPPERSTONE:XAUUSD
Trade Plan
Instrument: Gold Spot XAUUSD
Timeframe: H4
Description
Market remains fundamentally bearish. However, will the market develop a deep correction to 1705.00-1716.00 area to set a short trade continuation?
Disclaimer: Charts are educational , Not investment recommendation
ADAUSDT NeutralTime Frame: 4H
Symbol: ADAUSDT
Bias: Neutral
Current price pattern is in a tight range and the expectancy of the directional moves is mediocre. As we see the oscillations of price from support to resistance and resistance to support is dynamically drawn towards tighter ranges which may signify lack of interest from the prospective investors interests. However, we can project our trade plan as we have depicted in the pictures.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3627
TP: 0.3825
SL: 0.3489
Bias: Long
The study of dynamic support and resistance displays a narrow range and the price is oscillating between two extremes but the volatility factor is low. That is why we cannot expect a high potential trade from the current price context. Considering the price pattern we can expect some price move from support to resistance and resistance to support.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3543
TP: 0.3340
SL: 0.3692
Bias: Short
The current price pattern of this instrument is geared towards neutrality and there is no sign of strong impending volatility. Our core technical grounds is based upon support and resistance analysis ,but at this juncture we do not see any strong directional bias.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3570
TP: 0.3355
SL: 0.3705
Bias: Short
The current price pattern of this pair is showing a weak market condition. The dynamic support and resistance also not displaying any edge to go for a strong trading opportunity. Considering the current volatility and the oscillations in the market , we have tactfully projected the trade set ups.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3728
TP: 0.3513
SL: 0.3883
Bias: Short
As we see the crypto pairs are more or less bearish and the propensity for upward price drive is bleak .Our directional bias is dominated by the recent price history and its different facets of patterns. The short term momentum driven opportunities have the top priority in our analysis. However, we also have put importance to dynamic support and resistance .
BTCUSDT Bearish scalp below LSMAThe next potential bear trend for a bearish scalping will stay below LSMA. Bearish hidden divergence on Chaikin Oscillator which looks like ready to dive below zero line. Harmonic target area between 14.6% Fibonacci Retracement from peak amid 88.6% of prior upward retrace.