We peaked in 
BTC.D chart as we predicted here.
BTC weathering the storm: BTC.D close to 66%. BTC to 160K. for BITSTAMP:BTCUSD by RabishankarBiswal — TradingView
Since then, Altcoins have shown signs of strength and
ETH.D is bouncing back with ETHUSD at 4000 $. Please check my ETH.D blog here.
BTC.D: Cycle tops are in. ETH.D: Bounce form the all-time lows for CRYPTOCAP:BTC.D by RabishankarBiswal — TradingView
SOL being one of the large caps within the Altcoin must participate for the Altcoin summer to happen. But when we plot the SOLBTC and SOLETH then we see a broken chart with a fall from the cliff. On July 6th I wrote theta §SOLBTC looks bearish and we might find it difficult to break out of the range 0.0025 to 0.00125.
SOLBTC: Little strength to show for. for BINANCE:SOLBTC by RabishankarBiswal — TradingView
I put theSOLETH on the same chart and I was surprised how perfectly fit between the Fib retracement level. 😊 Now we would like to see where this chart goes and where does it bounce back. We see that the favorite range where SOLETH spends most of the time is between 0.053 to 0.04. Currently the ratio is at 0.044. My estimate is that the ratio will bounce back from the psychological level of 0.04 and then bounce atleast to 0.06 which is the mid-point of the upward slopping channel on $SOLETH.
Verdict: Altcoin summer is on.SOLETH is short term bearish but medium term bullish with 0.06 as target.
BTC.D chart as we predicted here. BTC weathering the storm: BTC.D close to 66%. BTC to 160K. for BITSTAMP:BTCUSD by RabishankarBiswal — TradingViewSince then, Altcoins have shown signs of strength and
ETH.D is bouncing back with ETHUSD at 4000 $. Please check my ETH.D blog here.BTC.D: Cycle tops are in. ETH.D: Bounce form the all-time lows for CRYPTOCAP:BTC.D by RabishankarBiswal — TradingViewSOL being one of the large caps within the Altcoin must participate for the Altcoin summer to happen. But when we plot the SOLBTC and SOLETH then we see a broken chart with a fall from the cliff. On July 6th I wrote theta §SOLBTC looks bearish and we might find it difficult to break out of the range 0.0025 to 0.00125. SOLBTC: Little strength to show for. for BINANCE:SOLBTC by RabishankarBiswal — TradingViewI put the
SOLETH on the same chart and I was surprised how perfectly fit between the Fib retracement level. 😊 Now we would like to see where this chart goes and where does it bounce back. We see that the favorite range where SOLETH spends most of the time is between 0.053 to 0.04. Currently the ratio is at 0.044. My estimate is that the ratio will bounce back from the psychological level of 0.04 and then bounce atleast to 0.06 which is the mid-point of the upward slopping channel on $SOLETH.Verdict: Altcoin summer is on.
SOLETH is short term bearish but medium term bullish with 0.06 as target. 
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Disclaimer
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.