#Bullish Cypher pattern

[signode-blog]

📈 How to Trade the Cypher Pattern: A Complete Guide with Strategies

In the world of harmonic trading, the Cypher Pattern stands out as one of the most reliable yet underutilized advanced harmonic structures. It offers high-probability trade setups when identified and traded correctly. This post will guide you through identifying the Cypher pattern, explain rules for validation, and showcase strategies for trading it profitably. 🔍 What is the Cypher Pattern? The…

[pricesynce]

Expert-Level Insights into Cryptocurrency Chart Patterns: Enhancing Trading Precision and Strategy

Navigating the volatile landscape of cryptocurrency trading demands not only technical skills but also a deep understanding of the patterns that govern market movements. This guide extends beyond basic pattern recognition, offering advanced insights into Crypto trading chart patterns, crypto charts patterns, crypto patterns chart, and cryptocurrency chart patterns to sharpen trading acumen and refine strategy.

The Psychological Foundation of Chart Patterns in Cryptocurrency Trading

Understanding crypto trading patterns is fundamental to interpreting the collective actions and sentiments of market participants. Each pattern tells a story of fear, greed, uncertainty, and collective decision-making that can help predict future market behavior.

Core Crypto Trading Chart Patterns for Strategic Market Entries and Exits

Head and Shoulders and Inverse Head and Shoulders

This crypto patterns chart is a cornerstone of technical analysis, signaling potential reversals. The pattern’s effectiveness lies in its ability to reflect shifts in market momentum and trader sentiment, making it a reliable indicator for strategic entries or exits.

Double Tops and Double Bottoms

These crypto trading patternsare pivotal for identifying price ceilings and floors. They provide clear signals for reversals, crucial for traders to minimize losses or take profits at optimal points.

Triple Tops and Triple Bottoms

These enhancements to the basic double patterns offer stronger confirmation of market reversals and are invaluable for traders demanding higher levels of validation before making significant trade decisions.

Bullish and Bearish Rectangles

Recognized in crypto chart patterns, these indicate a continuation of the current trend post-consolidation, providing traders opportunities to reinforce their positions in alignment with the prevailing trend.

Advanced Patterns for Sophisticated Crypto Trading Strategies

Broadening Formations

These patterns are essential for spotting volatility expansions in crypto charts patterns. They often indicate key reversal points where traditional trends start to break down, offering opportunities for high-reward trades if managed correctly.

Diamond Patterns: Tops and Bottoms

Complex and often challenging to identify, these crypto trading chart patterns offer critical insights at major turning points, indicating substantial reversals or continuations.

Harmonic Patterns: Gartley, Bat, Crab, and Cypher

These cryptocurrency chart patterns leverage Fibonacci numbers to forecast precise reversal zones, offering high precision in predicting future market movements. They require meticulous analysis but reward traders with superior accuracy in entry and exit strategies.

Elliott Wave Theory

This advanced theory provides a structured framework for understanding long-term market trends and cycles, crucial for strategic planning in crypto trading patterns. It helps traders anticipate price movements across different time frames, enhancing long-term trading approaches.

Integrating Chart Patterns with Other Technical Analysis Tools

Successful traders often combine chart patterns with other technical indicators like RSI, MACD, and volume analysis to confirm predictions and refine strategies. For instance, a bullish breakout in a Bullish Rectangle pattern with high trading volume and a rising RSI can confirm the likelihood of a continued uptrend.

Conclusion

Advanced mastery of crypto trading chart patterns and cryptocurrency chart patterns is critical for anyone serious about trading in the cryptocurrency space. This comprehensive understanding not only aids in making more informed decisions but also significantly enhances strategic planning and execution. The integration of psychological insights, combined with technical expertise, positions traders to capitalize on market opportunities and navigate the complexities of crypto trading with confidence.

[mohsinmahfooz]

Learn How to Trade Bullish Cypher Harmonic Pattern. How to use Potential Reversal Zone and identify the target.

[flash-fresh]

Stock Market Rally: Sensex Surges Nearly 700 Points, Nifty Gains Despite Axis Bank's 3% Fall

In a dynamic trading session, the benchmark stock market indices, Sensex and Nifty, rebounded from a weak start to finish on a positive note. The S&P BSE Sensex closed 689.76 points higher at 71,060.31, and the NSE Nifty50 recorded a gain of 215.15 points, reaching 21,453.95. The broader market indices also experienced positive momentum, reflecting the overall sentiments on Dalal Street.

The positive performance was bolstered by strong gains in heavyweight stocks, driving various Nifty sectoral indices into positive territory. Notably, high-weightage IT stocks saw a rise of 1.5%, while Nifty Metal emerged as the top gainer among sectoral indices with a nearly 3% increase.

Top Gainers and Losers:

Top Gainers (Nifty50): Hindalco, Dr Reddy’s, IndusInd Bank, Tata Steel, HCLTech.

Top Losers (Nifty50): ICICI Bank, Axis Bank, Asian Paints, Adani Ports, Hero MotoCorp.

Analyst Insights: Deven Mehata, a research analyst at Choice Broking, observed, “After a gap-down opening, the Nifty traded erratically today but managed to close near the day’s high above the strong support of 21,300 levels at 21,453.95 levels.”

Aditya Gaggar, Director of Progressive Shares, commented, “Select heavyweight counters took the lead and helped the Nifty50 to recover from the lower levels, and in the last hour of trade, a sharp uptick across the board pushed the Index further higher to end the session at 21,453.95 with gains of 215.15 points.”

Gaggar also highlighted the formation of a bullish piercing candlestick pattern on the Nifty50, indicating a reversal with a bullish cypher pattern and hidden bullish divergence in RSI. He identified immediate resistance at 21,500 and 21,700, with 21,200 as the considered support level.

[bullseyefx]

The Trend Line Breakout Trading Strategy

The Trend Line Breakout Trading Strategy

In today’s trading, we have a ton of trading setups to choose from. Such as bullish flag pattern setups, ascending triangle pattern setups, cypher pattern setups, etc. However… What do you think is one trading setup that is: Simple enough to execute Easy to understand Is effective in most markets and timeframe That, my friend, is the trend line breakout strategy. Ready to know this awesome…

[ezyforextrading]

Download Now [arm_download item_id="433" link_type="button"] The Cypher Pattern is a tool it utilizes to determine where the price might head next. This tool identifies patterns in price movements and teaches how to use these patterns for anticipating buy/sell entries and exits correctly A great way to anticipate price moves is by looking at a cypher. It basically shows you past highs and lows in the market, then connects them together with lines. After that, you can use it along with RSI and MACD Furthermore, Cypher Pattern indicator works on multi-term charts of Metatrader 4. This allows you to trade both scalping and intraday simultaneously. A trend may be illustrated by a channel created with X and A, where X is the first indication of price movements in the trend. The correction level B is related to the initial movement from A, and moves within that channel. Below or above A, C is a low pattern formed by price movement which can start a new trend in that direction. As a result, point D is the maximum pullback point before the rally starts. If point D forms above X, it's considered not valid. For bullish Cypher Patterns, X will determine the lowest low of the market, and D must form above X. Conclusion Cypher Pattern is an MT4 indicator that follows price structures. It's built for both beginners and advanced traders who want to take advantage of these structures. The indicator chart is a time-saving and more accessible way to spot crypto patterns. It also works well alongside tools like RSI, Stochastics, and MACD Download Now [arm_download item_id="433" link_type="button"] https://ezyforextrading.com/cypher-pattern-indicator/?feed_id=2002&_unique_id=62961354d262c&EzyForexTrading%20-%20Download%20Metatrader%20Indicators%20and%20Learn%20trading%21

[hematl]

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[cryptobully-blog]

VEN, BNB, NEM: Lesser-Known Cryptos Outperform Amid Bitcoin Slump

http://cryptobully.com/ven-bnb-nem-lesser-known-cryptos-outperform-amid-bitcoin-slump/

VEN, BNB, NEM: Lesser-Known Cryptos Outperform Amid Bitcoin Slump

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It’s been another gloomy week for the cryptocurrency markets, but, even so, NEM’s XEM token and a couple of lesser-known altcoins managed to finish up with overall gains.

The total value of all cryptocurrencies fell to $316 billion on Thursday – down 61.9 percent from the record high of $830 billion set in January, according to data source CoinMarketCap. As of writing, the total market cap stands at $327 billion.

The sell-off in bitcoin appears to have dragged the entire crypto universe down with it. The world’s largest cryptocurrency by market capitalization neared the $10,000 mark on Monday before falling to a one-month low below $7,700 – a decline largely in line with the bearish technical setup, although Google’s decision to ban cryptocurrency-related ads may have added fuel to the fire.

Week-on-week, BTC has registered an 11.9 percent drop. Meanwhile, other heavyweights like ether (ETH), Ripple’s XRP and litecoin (LTC) also suffered double-digit losses.

Despite the broad-based risk aversion in the markets over the last seven days, Binance Coin rose 9.26 percent to become the biggest gainer among the top 25 cryptos as per market value.

Weekly Gainers

Binance Coin

Weekly performance: +9.26 percent All-time high: $22.48 Closing price on March 9: $8.31 Current market price: $9.08 Rank as per market capitalization: 23

Binance coin (BNB) picked up a bid on after Binance Team disclosed its plans to launch “Binance Chain” – a public blockchain dedicated to the transfer and trading of blockchain assets, effectively a kind of decentralized exchange. The news garnered lots of attention from the investor community.

BNB clocked a seven-week high of BTC 0.001215 on Tuesday and was last seen changing hands at BTC 0.001097 on Binance. BNB’s USD exchange rate rose to $11.00 on Wednesday, as per CoinMarketCap – the highest since Feb. 28. Notably, total trading volume more than doubled on a weekly basis.

The sharp rise in trading volume, increased investor interest, and positive news flow indicates the rally is here to stay. The daily chart of BNB/BTC shows falling wedge reversal (bullish pattern). So, in the near-term, BNB will likely make it to the winner’s list more often.

VeChain

Weekly performance: +3.23 percent All-time high: $9.45 Closing price on March 9: $3.71 Current market price: $3.83 Rank as per market capitalization: 16

Of late, VeChain has been in the news for all the right reasons. In late February, the company signed a deal with BMW. Further, it launched an application called “my story,” aimed to help the wine industry address the problem of counterfeit products. Meanwhile, on March 13, it also entered into a partnership with LogSafer – leading supply chain risk management and a major logistics insurance platform in China.

The positive news flow seems to have lifted the price ofVeChain’s VEN token by 3 percent week-on-week. That said, the cryptocurrency is not out of the woods yet, as the VEN/BTC daily chart shows, prices are still stuck inside a falling channel (bearish pattern).

NEM

Weekly performance: +2.15 percent All-time high: $2.09 Closing price on March 9: $0.33807 Current market price: $0.345335 Rank as per market capitalization: 12

NEM’s XEM token has witnessed a much-needed relief rally, possibly due to oversold technical conditions. XEM showed signs of life on March 8 on reports that Japan’s Coincheck exchange was starting to reimburse customers that lost money in its January hack.

The cryptocurrency witnessed a bullish technical reversal earlier this week and rose to a three-week high above $0.50 (50-day moving average) on March 14. As of writing, NEM is trading at $0.34, according to CoinMarketCap.

Weekly Losers

Monero

Weekly performance: -28.35 percent All-time high: $495 Closing price on March 9: $288.09 Current market price: $206.39 Rank as per market capitalization: 11

Monero (XMR), which traded at $380 on March 5 (up 90 percent from February lows), crashed to a five-week low of $198 today. As discussed here, a decision to delay the “monerov” hard fork seems to have seems to have triggered the sell-off. As of writing, the cryptocurrency is trading around $200 – a bullish reversal point as per the cypher pattern. It remains to be seen whether XMR regains poise and moves to $250-$277 (50-day MA) as suggested by the technical pattern or extends the sell-off to $150 (February low).

NEO

Weekly performance: -27.47 percent All-time high: $194.79 Closing price on March 9: $92.67 Current market price: $67.21 Rank as per market capitalization: 7

NEO has dropped more than 50 percent from the highs seen in late February. As of writing, the cryptocurrency is changing hands at $67.00 – the lowest since Feb. 6.

The oversold conditions, as shown by the daily relative strength index (RSI), have failed to put a floor under NEO. Meanwhile, a listing on Coinex, an India-based exchange did little to bring cheer to the battered bulls.

OmiseGo

Weekly performance: -26.23 percent All-time high: $28.5 Closing price on March 9: $15.02 Current market price: $11.08 Rank as per market capitalization: 20

The OmiseGo (OMG) token fell to $10.1 yesterday on Bitfinex – the lowest level since Feb. 6, and was last seen changing hands at $11.31.

Despite the 26.2 percent drop on a weekly basis, the daily relative strength index (RSI) is holding well above the oversold territory (below 30.00), suggesting scope for a further sell-off towards Feb. 6 low of $7.00.

Arrows on wall image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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Cryptocurrency News

[sergepoznanski-blog]

@tradingview : $LSKUSD - LISK - Bullish Cypher pattern - https://t.co/EQmKDIscte (via Twitter http://twitter.com/tradingview/status/961124871550963713)

[cryptoga-blog]

How Minimal Can Bitcoin Go? Charts Hint $11k Could Be in Engage in

http://www.cryptoga.com/news/how-minimal-can-bitcoin-go-charts-hint-11k-could-be-in-engage-in/

How Minimal Can Bitcoin Go? Charts Hint $11k Could Be in Engage in

Bitcoin is more and more searching topped-out as enjoyment fades around the the latest start of the initially futures solutions to focus on the cryptocurrency.

As per CoinDesk’s Bitcoin Cost Index, the cryptocurrency was very last viewed trading at $17,000, down from the file substantial of $19,783 established on Dec. 17. All round, bitcoin has depreciated by 4 per cent in the very last 24 several hours, according to details resource CoinMarketCap, but it’s maybe the movement driving that determine that’s most notable.

Bitcoin’s 24-hour trading volume has jumped previously mentioned $19 billion – its optimum given that Dec. 8. The substantial volume sell-off indicates solid fingers are at enjoy and value weak point could lengthen around the coming weekend.

Apparently driving the value fall is the rotation of cash out of bitcoin (BTC) and into alternate options these as bitcoin cash (BCH) – as proven by the significant gains in the BCH/BTC pair in the run-up to Coinbase’s determination to checklist the cryptocurrency on its trade system.

The concern now is, how small can bitcoin go?

The value chart analysis indicates the sell-off could run out of steam about $11,000 concentrations.

Bitcoin chart

The previously mentioned chart (value as for each Coinbase) shows:

Yesterday’s weak near confirmed a hanging guy bearish reversal sample and bearish value RSI divergence.

The sharp fall to $14,000 today strengthens the argument that a limited-expression major is in area at $19,891.99.

Historical details shows that preceding bouts of correction bottomed-out close to 61.8% Fibonacci retracement amount. Accordingly, the latest pullback could run out of steam about $11,000.

Bitcoin chart (price ranges as for each Bitstamp)

The use of a harmonic value sample also identifies the location close to $11,000 as a likely reversal zone, with the likely bullish reversal point currently being $11,280.

A cypher sample is a part of the harmonic trading methodology that utilizes the recognition of certain price patterns and the alignment of correct Fibonacci ratios to establish a really possible reversal point.

Cypher is characterised by:

AB= .382 to .618 retracement of the XA swing leg

BC= lengthen to bare minimum 1.272 and greatest 1.414 of the XA swing leg

CD= retrace to .786 of the XC swing leg

D = reversal point

Watch

BTC appears to have topped out close to $20,000 for the limited-expression.

The location about $11,000 could act as a solid aid zone or a reversal point as advised by the cypher sample.

Bullish scenario – A near (as for each UTC) today previously mentioned the 5-working day MA of $18,680 would incorporate credence to the sharp recovery from the intraday small of $14,000 (price ranges as for each Coinbase) and could generate a shift previously mentioned $20,000.

Freezing thermometer by means of Shutterstock

The leader in blockchain information, CoinDesk is an independent media outlet that strives for the optimum journalistic specifications and abides by a rigid established of editorial insurance policies. Intrigued in giving your experience or insights to our reporting? Make contact with us at information@coindesk.com.

Disclaimer: This short article should really not be taken as, and is not supposed to deliver, financial investment suggestions. Remember to carry out your own thorough investigate before investing in any cryptocurrency.

[wetalktrade]

EUR/GBP Long-Term Trade Analysis(Cypher Pattern) It seems bearish Cypher for EUR/GBP, Chances for bearish until price @ 0.86586, Once the price reached the support high probability for Bullish movement.

[cryptobully-blog]

Monero Eyes $200 Reversal Target After Hard Fork Delay

http://cryptobully.com/monero-eyes-200-reversal-target-after-hard-fork-delay/

Monero Eyes $200 Reversal Target After Hard Fork Delay

The privacy-focused cryptocurrency monero (XMR) has been dumping the last few days on the news developers have postponed a highly anticipated hard fork by six weeks.

As of writing, the world’s 11th largest cryptocurrency by market capitalization is trading at $258 – down 10 percent in the last 24 hours, according to data source CoinMarketCap.

A week ago, XMR was solidly bid around $380, reporting 90 percent gains over lows seen in February as investors seemingly bought with an intention of making free money via the “moneroV” hard fork, originally scheduled for March 15. However, on March 9 the developers announced a delay as requested by users, trading platforms and large mining pools.

Consequently, prices have dropped more than 30 percent in a week.

The hard fork is now scheduled to happen on April 30 at block 1564965 and the holders (at the time of the fork) will receive free moneroV tokens at a ratio of 10 to one.

Given the demand for free coins via forks, this could lead to positive growth a couple of weeks down the line. That said, the technical charts indicate $200 could be a potential bullish reversal point.

Daily chart

The above chart (prices as per Bitfinex) shows:

The bears are in control following a 30 percent week-on-week drop.

The momentums studies are biased bearish: The 5-day moving average (MA) and 10-day MA trend lower, indicating a bearish setup. Also, the 50-day MA has proved to be a strong resistance over the last three days.

The relative strength index (RSI) is below 50.00, suggests scope for a further drop in XMR.

Bullish cypher pattern: Point D ($199) is a bullish reversal point, meaning XRM could bid fresh bids around the key level and will likely rise to $268 (38.2 percent Fibonacci retracement of leg CD) and $310 (61.8 percent Fibonacci retracement of leg CD).

View

XMR could drop to $200 over the next week – a bullish reversal point as per the cypher pattern rules. The cryptocurrency could then rise to $268 and possibly to $310 as discussed above. The scenario gels well with the idea of a pre-fork rally.

However, Feb. 6 low of $150 could be put to test if the cryptocurrency finds acceptance below $200.

On the higher side, only a close (as per UTC) above the 10-day MA would neutralize the bearish outlook and could yield short-term consolidation.

Further, XMR will likely have a tough time against bitcoin, the technical chart indicates. Currently, the XMR/BTC exchange rate is trading at BTC 0.027642 on Bitfinex.

XMR/BTC daily chart

XMR breached the key rising trendline support (drawn from the Nov. 5 low and Dec.8 low) on Monday, signaling a long-term bullish-to-bearish trend change.

The 50-day MA support has been breached as well. Further, the 5-day MA and 10-day MA are sloping downwards in favor of the bears.

The RSI is biased bearish.

View

XMR will likely test support at BTC 0.026 in the next 24-36 hours and could possibly extend the decline to BTC 0.023 (200-day MA).

Only a close (as per UTC) above the ascending trendline would abort the bearish view.

Water osmosis via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Monero

[sergepoznanski-blog]

@tradingview : $GBPUSD - GBP/USD forms Bullish Cypher pattern, good to buy on dips - https://t.co/D9HT7xAxsb (via Twitter http://twitter.com/tradingview/status/894498349532930048)

[sergepoznanski-blog]

@tradingview : $GER30 - DAX30 forms Bullish Cypher pattern, good to buy on dips - https://t.co/CoIESgsZZP (via Twitter http://twitter.com/tradingview/status/844821012860481537)