LewisGlasgow
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Decred - Bullish Cypher

POLONIEX:DCRBTC   Decred / Bitcoin
We're looking at another cypher pattern but this time on the 1h chart with DCR/BTC, this is an excellent long opportunity with 1:2 risk to reward!

The D point forms above trendline support on the 4h chart as shown below, I'm expecting price to stall out on this level or at completion of the pattern.

snapshot


The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

Feel free to share your own analysis below, and as always trade safe!
評論: Quick update on why this move did not play out, I have a strict set of entry rules with all patterns and this unfortunately did not meet them.

snapshot
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Nice chart lewis
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@Rakim, thanks man
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