SHORT set up on XBT from 6440 after the turn at the end of D on the cypher. First targets are the 618 and 786. if we break though the 1.(5956) then we have the targets below..
Trade active
The best thing about the way I trade the Cypher is that you can pick up the quick short trade from the end of the D leg and take profit at the 618. 20X-25X LEV. on bitmex and if you get a close on the 60M thats a reversal, then you REVERSE POSITION and take it the other way and target the top of D again as 1st target then hold if we break and close and hold to higher targets..so this trade is VERY fluid and flexible..you just have to be actively trading these things..reference my other XBT cypher trade set up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.