Get started

Sellsetup

WOO usdt perp short trade setup Hy fellow traders Greetings from team Trading The Tides yesterday I posted the idea on woo which gave around 12% in profits , we short it then long it , currently I just quit the trade with 10 % profits and now again looking for a chance to re enter in short trade as soon woo breaks the support , if it breaks the previous resistance I am not gonna go long as the overall sentiment is bearish and will not trade on woo . secondly it in forming a bullish wedge pattern near a strong resistance so that makes no sense to long this coin. if I initiate a short trade I will post in the comments Feel free to ask questions . I will definitely answer Note : I am just a technical analyst and day trader . Any info given is not a financial advice Thanks .
Short
by TradingTheTides
bitcoin making broadening top pattern Hy fellow traders greetings from team trading the tides. lets discuss bitcoin which is inside a broadening top pattern , if it breaks the pattern top it can reach up to the value of 32k but right now on 1 day tf as the spx and dow gives a good rally but the btc price has no effect considering the different market situations , i am waiting for the upcoming major news and my second thought is to wait till it reaches the resistance line so we can think about initiating short . in addition the rsi is almost touching overbought area and if btc price touches the resistance then rsi would be totally oversold other than rsi i am also lookin for divergences or something to initiate short . thanks a lot .
Short
by TradingTheTides
3
Hit the target top, now for the bottomIf Intermediate wave 1 is finally done, it was a few days late, but on target. Next forecast is for Intermediate wave 2 which should see the anticipated market decline over the next 5-12 days. This means the bottom should occur prior to May 2. As of now, Intermediate wave 1 was 23 days long. Waves ending in 2BC2 have been 20-50% the length of their first wave’s length. The projected retracement percentages have not change, but the values have slightly as the initial estimates were based on Intermediate wave 1 topping at 4160. The most specific datasets correlate to the retracement levels in light blue. The 33.44% value represents the first quartile of historical movement for waves ending in 2BC2. The median is 60.60% and the third quartile is 77.87%. The next specific values are in yellow and the are tied to historical waves ending in BC2. The third quartile is not displayed in yellow because it is also the 77.87% from the first dataset. The length of wave 2 based on this slightly larger dataset has it lasting 5-12 days again, with the strongest model agreement on 7 days. This could put the bottom around April 25. The final set of values are based on a larger and broader dataset based on the behavior of waves ending in C2. These values are in white and the median value is omitted because it is close to the yellow value of 67.86%. The strongest model agreement suggests wave 2 could last 23 days (18 models) followed by 8 days (14 models), 12 days (12 models), and 7 days (6 models). Declines could be related to earnings and speculation on the Fed which will provide the next rate hike determination and hint toward the future during the first week in May. Based on all the data, I am placing the bottom around 3922-3950. This will depend if the index starts moving down tomorrow or if another new high is reached. After this next bottom we should jump into the final strong rally of this uptrend possibly gaining 350-450 points over the course of 4 weeks. A perfect catalyst for this would be the Fed doing what is expected and hinting at a pause on rate hikes. While I do not agree it is a smart thing to do, it will be one of the many catalysts for the massive declines set to begin around mid-late June. Let’s play the drop, the big gain, and then its prevent defense time (after wave 4 down and wave 5 up).
SP:SPXShort
by StockSignaler
Dow Jones 6hr TF Despite the prevailing bearish sentiment surrounding the Dow Jones, my market analysis leads me to believe that the index is likely to experience a bullish movement, potentially reaching a level of 12852 before undergoing a reversal. This expected trend has significant implications for the gold market, as it could present an attractive buying opportunity for the precious metal. As the Dow Jones moves higher, investors may look to shift their focus towards safe-haven assets such as gold, seeking to mitigate the risks associated with market volatility. This increased demand for gold could push prices higher, making the metal a promising investment prospect. Furthermore, if the Dow Jones undergoes a reversal at 12852, gold may become an even more appealing investment option, as investors may seek to diversify their portfolios and protect against market uncertainty. This could drive demand for gold even further, potentially leading to additional price increases. Based on these market dynamics, I anticipate that gold may be available for purchase at an attractive buying zone of approximately 1950, making it an appealing option for investors looking to capitalize on potential price increases.
FX:USDOLLAR
by ChartStrategist