Market Cipher Free Download: Is It Worth It?
If you are interested in crypto trading, you may have heard of Market Cipher, a popular indicator package that claims to help you trade like a pro. But what is Market Cipher exactly, and how can you get it for free? In this article, we will explain what Market Cipher is, how to get it for free, and how to use it effectively.
What is Market Cipher?
Market Cipher is a subscription service that provides access to four indicators on TradingView, a platform for charting and technical analysis. These indicators are designed to help traders analyze market trends, identify patterns, and make informed decisions about their trading strategies. The four indicators are:
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Market Cipher A
Market Cipher A is an EMA ribbon composed of eight EMAs (exponential moving averages). It shows the direction and strength of the market trend, as well as potential support and resistance levels. It also displays symbols that indicate buy and sell signals, such as green dots, yellow diamonds, red crosses, and blue triangles.
Market Cipher B
Market Cipher B is an oscillator that combines five algorithms into an easy-to-read graph. It shows the momentum and sentiment of the market, as well as potential price reversals. It also displays symbols that indicate buy and sell signals, such as green dots, red dots, yellow waves, and blue waves.
Market Cipher SR
Market Cipher SR is an indicator that shows horizontal support and resistance levels, as well as the volume-weighted average price (VWAP). It helps traders identify entry and exit points, as well as potential breakouts and breakdowns. It also displays symbols that indicate buy and sell signals, such as green stars, red stars, yellow circles, and blue circles.
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Market Cipher DBSI
Market Cipher DBSI is an indicator that assigns a score to each candle based on 36 separate momentum indicators. The score ranges from -5 to 28, with higher scores indicating bullish momentum and lower scores indicating bearish momentum. It helps traders identify trend changes and confirm signals from other indicators.
How to Get Market Cipher for Free?
Market Cipher is not a cheap indicator package. It costs $600 per year or $1,500 for a lifetime membership. However, there are ways to get it for free or at a lower cost. Here are some options:
Free Versions of Market Cipher
Some traders have reverse-engineered Market Cipher and created free versions of it that mimic its behavior. These free versions are available on TradingView or other platforms such as Discord or Reddit. Some examples are . However, these free versions may not be as accurate or reliable as the original Market Cipher.
Pros and Cons of Free Versions
The main advantage of using free versions of Market Cipher is that they can save you money and allow you to test the indicator before buying it. However, there are also some disadvantages of using free versions of Market Cipher, such as:
They may not be updated or maintained regularly.
They may not have all the features or functions of the original Market Cipher.
They may not have customer support or community feedback.
They may not be compatible with other indicators or strategies.
They may violate the intellectual property rights of the original creator.
Therefore, if you decide to use free versions of Market Cipher, you should do so at your own risk and be aware of the potential drawbacks.
How to Use Market Cipher Effectively?
Market Cipher is not a magic tool that can guarantee profits. It is a tool that can help you analyze the market and make better trading decisions. However, you still need to use it wisely and effectively. Here are some tips on how to use Market Cipher effectively:
Market Cipher Academy
One of the best ways to learn how to use Market Cipher is to enroll in the Market Cipher Academy, a free online course that teaches you the basics of Market Cipher and how to apply it to different trading scenarios. The course consists of 12 modules, each with a video lesson and a quiz. You can access the course .
Market Cipher Community
Another way to learn how to use Market Cipher is to join the Market Cipher Community, a group of traders who share their insights, tips, and strategies using Market Cipher. The community is available on Discord, Telegram, Twitter, and YouTube. You can find the links to join the community .
Market Cipher Strategies
A third way to learn how to use Market Cipher is to follow some of the proven strategies that have been developed by experienced traders using Market Cipher. Some examples are . However, you should always backtest and adjust these strategies according to your own risk appetite and trading style.
Conclusion
Market Cipher is a powerful indicator package that can help you trade crypto like a pro. However, it is not a cheap service and it requires some skill and knowledge to use it effectively. If you want to get Market Cipher for free, you can try some of the free versions that are available online, but be aware of their limitations and risks. If you want to learn how to use Market Cipher effectively, you can enroll in the Market Cipher Academy, join the Market Cipher Community, and follow some of the Market Cipher Strategies.
FAQs
Here are some frequently asked questions about Market Cipher:
Q: Is Market Cipher a scam?
A: No, Market Cipher is not a scam. It is a legitimate indicator package that has been created by Crypto Face, a well-known crypto trader and influencer. However, you should always do your own research and due diligence before using any indicator or service.
Q: Does Market Cipher work on any time frame or market?
A: Yes, Market Cipher works on any time frame and market, as long as there is enough liquidity and volatility. However, some time frames and markets may be more suitable for certain strategies than others.
Q: How accurate are the signals from Market Cipher?
A: The signals from Market Cipher are not 100% accurate. They are based on probabilities and historical patterns, which may not always repeat in the future. Therefore, you should always use other factors such as risk management, trend analysis, and fundamental analysis to confirm the signals from Market Cipher.
Q: Can I use Market Cipher with other indicators or tools?
A: Yes, you can use Market Cipher with other indicators or tools, as long as they complement each other and do not cause confusion or conflict. For example, you can use Market Cipher with Fibonacci retracements, trend lines, moving averages, or volume indicators.
Q: How can I contact the support team of Market Cipher?
A: You can contact the support team of Market Cipher by sending an email to support@marketciphertrading.com or by filling out the contact form .
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