Get started

Shortsetup

Time to go short on BTC ?With Bitcoin trading around a key resistance level and facing rejection from it on the daily timeframe, now might be a good time to consider shorting the popular cryptocurrency. While Bitcoin has experienced some significant price increases over the past year, there are indications that this momentum may be slowing down. With Bitcoin showing signs of lower excitement from investors, it may be wise to consider shorting it for the medium term. One strategy for shorting Bitcoin would be to maintain a stop loss on the long side, which would help to limit potential losses in the event that Bitcoin rebounds and continues to climb. Additionally, it's important to carefully monitor the market and look for any potential signs of a trend reversal, as this could signal a shift in the direction of Bitcoin's price movement. Furthermore, the recent rejection of Bitcoin from the key resistance level has resulted in the formation of a potential double top pattern on the daily timeframe. This pattern is often considered a bearish signal and could indicate that Bitcoin's upward momentum may be coming to an end. As a result, shorting Bitcoin at this time may offer an attractive opportunity for traders looking to capitalize on the potential price decrease. It's worth noting, however, that shorting Bitcoin does come with inherent risks, as the cryptocurrency market can be notoriously volatile. As such, it's essential to carefully manage risk by maintaining strict stop losses and monitoring the market for any potential shifts in Bitcoin's price movement. By doing so, traders can position themselves to potentially profit from Bitcoin's current market conditions, while also minimising their exposure to potential losses. Overall, while there is always a degree of risk involved in any investment strategy, shorting Bitcoin at this time could potentially provide a solid return for traders who are willing to take on the risk. By keeping a close eye on the market and staying vigilant in the face of any potential changes, investors can position themselves to take advantage of this exciting opportunity.
Short
by ujjwal_18
'You Rise, Only to Fall!' Elliotical Approach to BTCUSDT.Hello Traders! "Do you see the beauty of it? The Inevitability? You rise, only to fall!" As Ultron has pointed out, at times, markets rise, only to fall, what we traders call a 'retracement'. The bullish retracement of BTC is almost at its fag end. 1. We'll begin from the All-Time-High of about $69000. From there, we see the first 5-wave impulse down and then an ABC correction. That means, we have clear Waves 1 and 2. 2. Again, we see a 5-wave impulse in the form of Wave 3 and then again an ABC correction forming what we thought was Wave 4 (called Wave 4m from now on) . 3. There is a wonderful Rule of Alternation given in Elliot Wave theory. Wave 2 and Wave 4 will differ in at least one of the following ways if not all; PRICE, INTERNAL STRUCTURE, and/or TIME . There are a couple of other things as well but these 3 remain prominent. 4. Now, Wave 2 and Wave 4m took almost the same time and also had the same price value. Of course, the internal structures were different and that would have done it, but we didn't see the next 5-wave impulse down as the final fifth wave after 4 clear waves. 5. In such scenarios, we give the market time to unfold. Time is a very important key to market movement. We stay away until we understand what's really going on. 6. The market went further down and made a new low of around 15500 in 3 waves (marked with yellow ABC) . The move up breaking the high formed by 4m, confirmed that the correction was still going on. Wave 4m was just Wave A of actual Wave 4. 7. The 3 yellow ABC waves, were Wave B of Wave 4. They also happened to retrace exactly 123.6% of Wave A (4m) . This gave us the hint that an irregular flat correction was taking place. 8. What is an Irregular Flat Correction? The image has been attached. Please refer. 9. Wave C, ideally, should not cross 161.8% of Wave A. There can be a scenario of an extra elongation of Wave C but that is very very rare. 10. Coming to the Target Zone now. Wave 5 can be equal to Wave 1 through wave equality. That gives us a target of around 12222. We also have an important support for BTC at that price level. Once Wave 4 is finally complete, a parallel channel drawn through Waves 2, 3, and 4 should give us an approximate target of Wave 5. 11. The invalidation level for this analysis has been shown on the chart. Wave 4 should not enter the price territory of Wave 1. If it does, we'll have to re-analyze. Although, since it's a large C wave, the possibility of a diagonal exists (where Waves 1 and 4 can coincide), it doesn't seem to be in the picture yet. 12. It is expected that the market will break its current high on 25250 once before beginning the impulse down. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Short
by UnknownUnicorn27677748
7
HDFC Life Insurance Company Ltd :There is Still some more to dipHDFC Life Insurance Company Ltd is an India-based life insurance company. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, and health. There seems to be a Break down Coming in Daily Time Frame. A Good Stock to keep a watch on. All the indicators are implying a downfall. The Entry Level , Targets and Stop Loss are as mentioned on the chart. For Aggressive Traders, It is already a time to take entry as the Stock is stuck in a RANGE , and 6 days are over. Hence we may see a NR7 break down immediately. Good Luck !!! boost my Idea if you like it.
NSE:HDFCLIFEShort
by chakraveer1104
DRREDDY inside an Inverted Cup & Handle ??!!!Chart patterns look good for a short trade Reasons(all with respect to 1 hr time frame) 1. Drreddy has been travelling in an ascending channel pattern 2. Recently it broke out of the channel pattern with volume support 3. Inverted Cup & Handle pattern too looks perfect 4. Entry can be made after 1 hr breakdown out of the yellow trendline. 5. Target & Sl mentioned as dashed horizontal lines. Let's wait & watch , how it is going to move!!! NOTE - Just sharing my view....not a tip nor advice!!!!
NSE:DRREDDYShort
by mmjimm
Short Nelcast : Downside Evident Good Day, Hello Traders, Projected Target as per Head and Shoulder Pattern, if it executes properly once is breaks the neckline of 94. Lets see, how it behaves. A good possible downside is evident. Time Frame : Daily. It also depends how market behaves. Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:NELCASTShort
by Piscean17th
4