Solana bullish continuation pattern similar to BTC 2019.

There's been a lot of hype on the Bitcoin ETF. I do think the FED is going to lower rates pretty soon (first quarter of 2024). IMO, a lot of the hype has already been priced into the ETF (IF it happens), however, the thing that's going to move markets to the downside temporarily -- is something negative. The reason the FED is going to lower rates, is because the economy is in freefall. I'm expecting higher unemployment. Traders need to know a very important fact, it's not the collapse, it's the response from the FED. I don't see a way out of what pattern they are currently in, this is no exception. Short term, Solana comes down to retest that 50ema somewhere? However! Don't fret, the FED will lower rates, print MASSIVE amounts of money and return to QE for Solana to explode higher from slightly lower levels here. IMO, if you are already long, hold. If you haven't bought yet, there is going to be an opportunity soon. Recall the 2017 BTC top, to the 2019 top, and pattern that developed there. Screenshots below.

Solana could be in the exact same position now. A lot of the easy money in Solana, could have been made, but a 5x from the $100 level could also be made (I'm targeting, doesn't mean it will happen, a $400 - $500 SOL price top). So there is probably a pull back coming Q1 2024. If the $54 mark gets retested, could be looking at almost a 10x from there.

Comment:

I think we've started the pullback, and could be finishing up the pullback after 1/10/23. The correction is not going to be going lower than the flash crash to $85 mark.