SOLBTC trade ideas
Critical Levels For Solana/Bitcoin PairThe analysis I make is just an idea not an investment advice. Please manage your risk while trading and please make your investment decisions only by yourself.
SHORT SOLBTCTrading plan for short SOLBTC
SOLBTC is still in a down trend against BTC. I am expecting this PA to break down further into the 23000 sat zone.
Invalidation above the weekly open 28000 sats.
SOL consolidation to continue.Not much going on for SOL during BTC dominance.
SOL consolidation will likely continue for a week or two before any breakout from resistance levels.
SOL - Wave 2 correction continuingSo I am primarily charting vs BTC for now as BTC is on the move, so the idea is to decide whether to be in an alt or BTC for maximum gains.
In the case of Solana, which is one of my favorite platforms to use, I think the BTC correction still has a ways to go. We got a mega pump, and so it makes sense that this correction would take time to digest that move up. Currently, it looks like a standard ABC correction happening. C wave usually a 1-5 wave move and I am targeting the 0.618 level as the usual area of interest for a wave 2. That 0.618 level also happens to line up well as a 1:1 extensions from A-C.
Keep in mind, this doesn't necessarily mean the USD pair is going to collapse and also that wave 2s can retrace much deeper than the 0.618.
SOLBTC updatelooks like its waking up...
last run was fairly massive wouldnt wanna mis the q4 one if were starting up now
.618 and the 1 are 1st targets
$SOL will go to 4 figures and will replicate 17/18' ETHSolana has had 2 major runs so far this bull season and I'm expecting the last one in Q4 and Q1 of 2022. I think BTC will go to 144K at it's peak and then probably crash 50-60% (if we repeat the cycle fractals) then it will trigger final alt-season and it will run from 50-60K to 100K so SOLBTC at that point should be anywhere between 0.001 - 0.0015.
Sol currently consolidating and it will probably continue to until the end of November/ beginning of December.
Let me know your thoughts in the comments.
short solana because of divergencethere is a short trend and because of hidden divergence it could be touch indicated support area.
my chart what u think guys ?hi guys this my chart what u think guys ?
hi guys this my chart what u think guys ?
hi guys this my chart what u think guys ?
SOLBTC is going to test the daily resistance 🦐SOLBTC is going to test the daily resistance 🦐
If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
SOL longwhere im from we long resistance .. easy set up as SOL is completely coiled up and ready for more expansion
SOLANA BTC - SOL BTC LONGWho was talking about diminishing returns :D
Charted based on Tops and bottoms Pivoting
All the way up?Should Solana continue to maintain the upward trend and be able to hold it, I expect further price increases. About a few weeks ago, there was also a small correction of about 14%. After that, Solana exploded to the upside.
The next few days will definitely be exciting.
Leave a like if you like my analysis :)
Solana hurdles to overcomeIf I'm being bullish - which in the long term I am for Solana - I could see this as a buying opportunity here.
What needs to happen in my opinion:
- 21MA (blue) needs to cross over 50MA
- Price needs to break golden pocket
- Price needs to break strong support zone
What could signal a turn for worse:
- Price currently below golden pocket & strong support zone
- 50MA could cross below 21MA
- MACD showing bearish divergence on its lagging line
What are you betting on?
