XBT LONG INVERSE CYPHER SET UP AND SHORT CYPHER TARGET REVERSAL!

Aug 11, 2018

The way I trade the CYPHER set ups are a little different than most. I traded them quite frequently in forex and have seen them work out quite well in crpyto so far. What I love about the cypher set up is that it must qualify with its parameters on each leg or ITS NOT A SET UP. So its very easy to know when you have a trade or not and You have the targets to shoot for. This one I trade short like the traditional set up but then run the fib on that first leg off the End of the cypher to get a possible second position at the 50, 618 or 786 retracement . You must know how to use Fibonacci retracements and fibonacci extensions to really understand how to work these appropriately. ON XBT I USE AN INVERSE SET UP ON THE CYPHER AND OFF THE LEG IT WILL RUN BACK TO .618 -786 AND THATS THE ENTRY FOR THE LONG ONCE YOU GET THE REJECTION. TARGETS ARE CLEAR.