Get started

SOL / Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

SOLBTC trade ideas

Solana (SOL) / BTC - On the above 1-day chart price action has increased 3300% against Bitcoin. Fantastic. A number of reasons now exist to turn bearish. They include: 1) The overbought indicator (green column). No sell signal yet, but it is in the post. Look left. 2) Price action has been trending in the upward channel since the beginning of the year. Price action is currently testing the upper side of the channel. The last 3 occasions it was rejected. Look left. 3) The Bollinger band price action is way outside the upper half of the band. Remember 95% of all price action trades inside the band. Against Look left when this far outside. 4) On the weekly chart (below) 5 oscillators are showing ‘bearish divergence’ with price action as price action tests the upper Chanel - perhaps this time is different?! Sell from 200k sats if you can get it. Fully expecting price action to break the upper channel, which will ultimately result in a fake out. Good luck! WW Weekly chart:
Short
by without_worries
31
SOLBTC 2021/2022 Bull Run Potential ATH Target Wave 1 & 2 We used the trend based fib tool to measure Wave 1's impulse move to the low of Wave 2. Wave 3 We found the exact top of Wave 3, which was the 1.618. Note: Counts 3 and 4 inside of Wave 3 arent perfect there am a little skeptic about this being an Elliot Wave but will continue to refer to as waves for ease. Wave 4 -48% correction. Wave 5 Wave 5 should be smaller than Wave 3, therefore I am looking for the target to be the 1:1 tb.fib tool with wicks to 1.112, but ultimately it will dance around the 1:1 before sell off.
Long
by nmtrn