Bitcoin has dropped below the channel's lower boundary. It's currently inducing panic selling as it breaks through a critical level. If this turns out to be a bear trap and the pattern reverses, it could lead to an interesting situation.
It is the third altcoin among the 7 I plan to buy. I am considering two scenarios: one where it rises after a pullback, and another where it might drop further if Bitcoin falls to a new low before eventually going up.
Among the 7 altcoins I plan to buy, Fetch.ai is the only one I have purchased so far. I bought it during the 4th wave.
Solana is coming into the first of two scenarios. ..............................................
Analysis ...................................... Good luck!
We played the A-B-C game for 7 months. Now, we have to make a huge decision, whether it's up or down. I can't do this indefinitely.
The day will come when altcoins will rise significantly, regardless of whether they fall a little more.
This is also possible, so please keep that in mind. ........................................... Good luck!
If it breaks down the recent low price along with the channel departure, the short position trigger is set to be executed. I'll share my long position plan once this doesn't run and once it rises above 65k and shows an a-b-c adjustment.
There are also two opposing aspects of this. This is because the current section may be 1-2 up, but it may be 1-2 down.
This is the main scenario, but if Bitcoin does something weird again, it can be affected. But I don't think it's going to break the previous low.
I think it's either going to go down a little bit and then it's going to go up big, or it's going to go through another huge crash.
Solana believes it's one of these two directions, and we'll see the results soon.
I kept showing you that this is the worst case scenario. If Bitcoin leaves the bottom of the channel, it plans to build a short position.
Let's see if we can change the wave with this. ........................... Good luck!