SOLBTC has gone through a full cycle, it all started back in June 2020 when a new low was hit.
After this low, SOLBTC went on a strong bullish wave printing 660.06% of profits...
As we surely know, after a strong bullish wave, a classic correction takes place.
This correction pushed prices below the 0.786 Fib. retracement level support, ending in a higher low...
Bullish pattern
As long as sol is holding above local support 21600sat-18600sat
We can see nice move to 27000-31000 level next resistance
**Buy the break
2 supports are clear now for sol/btc
Current one which is weak 0.00020-0.00018
Strong one around 0.00014800-0.00012800
I suggest to wait for the strong one
And buy if you see bullish rejection around this area
Sell target will be in trendline resistance
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💎Technical Analysis Summary💎
BINANCE: SOLBTC
-SOL is painting a Bearish reversal pattern on the 12H time-frame
-The confirmation is once the neckline is invalidated
-The price action is giving us a warning signal
-So please reduce risk by lowering position size or moving your stop loss
-If the pattern confirms and breaks lower
-The downside target is around...
Time Frame: Daily, 4Hour, and Hourly
Hi guys,
Welcome back! Day 80 of the 100 Days of TA is here! Today's spotlight is on SOLANA (SOLBTC). I talked about the next direction of SOL and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should add or...
Hi All,
Looking at DXY (US dollar index) along with BTC and SP500, we can expect for the short term a rally as we see now running through some of the ALTs.
Here we have SOL against the US dollar, on the FTX exchange.
As one can see, its done a powerfully rally which shows people are still keen on Defi.
OBSERVATIONS:
=================================
> The 12...
Sell2 and sell 1 signal say we must not buy. Here is my analysis:
1. We can buy when risk/reward ratio greater than 2 = 200 satoshi
2.We can buy at support = 135 satioshi
3. We can buy when resistance turns to support (1D open & close above resistance) =380 satoshi only if we get a BUY1/BUY2 signal.
Please use EngineeringRobo buy signals for buy decision and...
BINANCE: SOLBTC
-This coin bounces at previous key support area around 24k sat
-If SOL can hold this important area of support for 2-3 days
-And Bitcoin started moving sideways (Not Dumping)
-There is a chance SOL may bounce back up to 32k sat or higher
-Trading Altcoin today is a very high risk
-Please exercise proper risk management and use stop-loss
$SOL
Pushing toward ATH BTC level (~36k sats)...
If manage to break above, it may trigger some traction 😏
Volume is not that good tho, so careful..
Waiting for some R/S flip as confirmation for an entry could be wiser..
#SOL
