BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
a potential cypher advanced formation is setting. Note the offset and target adjustment rules. Good luck.
Order cancelled: cancelled: offset rule
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

The backtest of this pattern was performed by MPS-v5.5: https://mps-trade.com/market-research/

My YouTube channel: https://www.youtube.com/user/alexniquitos/
Can I know how you got these ratios? It is not the typical cypher.
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@zsilence, It is the true cypher. I suppose that you don't know cypher's rules
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zsilence Alexander_Nikitin
@Alexander_Nikitin, Can you please help me get the true measurement for this pattern?
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@zsilence, Sure. This pattern was creted by Darren Oglsebee. He is a former Tradeempowered guy. Now he is a co-founder of TierOneTrading. Both companies provide true cypher education:

1) XA is either an impulse leg or and anchor leg. It should be one swing.
2) AB is a retracement of XA. It's size should be at least 0.382XA. It's maximal close should NOT go past 0.618XA. It should be one swing.
3) BC is an extension of XA. It's size should be at least 1.272XA. It's maximal close should NOT go past 1.414XA. It should be one swing.
4) CD is a retracement of XC. It's size should be 0.786XC. It must be greater than BC.

Limit order is placed at the D-point, target1 is 0.382AD, target2 is 0.618AD, stoploss goes past the X-point. Offset rule and target adjustment rule are mandatory for this pattern.
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zsilence Alexander_Nikitin
@Alexander_Nikitin, Very much appreciated....

I've been following you for a while and I figured to ask as for other patterns (Gartley, butterfly, etc...) I find a lot of different qualifying conditions and wanted to know which one you are using..

Thanks again and keep the nice work
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@zsilence, True.. Gartleys, Bats, Butterflies have variations. But not a cypher. Cypher formation has no variations at all. It is either correct or it is not.
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When altcoins season is going to start? This idea below explains it
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Very nice charting Alex; I do think 12k could be a great zone to place a put
Thank you for the posting =D
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