SOLBTC trade ideas
Solana vs BitcoinA few entry points you might consider stacking
This is a very risky trade as it requires you to maybe lose 40-50% of your position.
For this reason, its wise to use a small balance to mitigate risk.
The upside is 2-7x short term.
Remember this is against Bitcoin not the US DOLLAR
when u start to trade assets that are outperforming bitcoin u can acquire more bitcoin.
Possible scenarios in SOL after a 65% jump in 7 daysIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: SOL is currently facing some major profit booking, days after reaching a new ATH. We recently saw a huge bump in volumes. However, since then we saw a slight consolidation followed by a heavy profit booking.
Market in the last 24hrs
The past 24 hours saw the selloff reducing a bit, as the body of the candle is small. It indicates a bit of indecisiveness.
Today’s Trend analysis
If we take a look at the Money Flow Index, we can witness that SOL is in the highly overbought territory. It is not exactly sustainable and we are likely to see some profit booking.
This rally was impending in SOLANA for a long time as it was in a major consolidation for quite some time. SOL went up more than 65% for the week.
A prudent decision at this point would be to wait for a pullback and a consolidation. If after the consolidation, SOL starts rising on the daily, we might look at another buying opportunity. In case it falls again after the consolidation, we would know that SOL hasn’t found support yet and a deeper correction might be pending.
Price volatility remained high at approximately 7.26%, with the day's range between $70.33 — $75.44.
Price at the time of publishing: $72.80
SOL’s market cap: $21.03 Billion
Out of 11 Oscillator indicators, 8 are neutral, 2 are bearish and 1 is bullish.
Out of 15 Moving average indicators, 1 is 'NEUTRAL', 1 is bearish and 13 are bullish.
Indicator summary is giving a ‘ BUY ’ signal on SOL.
Volumes have decreased over the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Keep supporting:)
-Mudrex
SOL to $200, #SOLANA #SOLBTC #SOLMy dear padawans,
First I request you all, not to take this as a piece of financial advice.
This is the same content I have previously mentioned above in BTCUSD chart, but according to SOLBTC it has a small difference.
Personally, I love the Solana project because Solana can be able to validate 50000 transactions per second, fewer amount fees, and ecosystem technology.
I always think Solana should be in the first 4 market capitalization in the cryptocurrency world.
I predict something #BNB did before in the past after becoming the most popular ecosystem in the world.
Solona blockchain is getting famous and I personally think SOL will be a huge competitor for BNB as well as for Ethereum.
Okay, let's see how I predict Solana will go to $200.
I just drew fib levels, so I see,
Fib Extensions
261.8% 0.0043₿
200% 0.0036₿
161.8% 0.0032₿
138.2% 0.0029₿
100% 0.0025₿
61.8% 0.0021₿
50% 0.0019₿
38.2% 0.0018₿
23.6% 0.0016₿
We have to consider many things before entering a trade. This is just a prediction.
May the force be with you.
Cheers.
-@CryptoObi-
whatever happens to BTC , SOL is bullish 🌙Hi dears ✋
Hope you all have a good time 😇
well in this chart we have sol/btc which tells us that we have a eliot's triangle pattern done in wave 4 and we expect a breaking out of triangle for sure.
so I think whatever happens to BITCOIN the king of all cryptocurrency , IT WILL GO TO MOON 🌙 it has happend before between Apr 14th and Apr 21th and it riesed almost 90 % (I tried to put the image but apparently I can't 😒
you check yourself
and because of small wave 3 we have , I expect a expended wave 5
anyway decide yourself . you can wait till the breakout . I don't take any responsibility . It's my opinion it may be wrong
Thanks for your attention
support me with like, cm and follow ❤
SOLBTC LONGPrice action has shown CONFIRMATION of REVERSAL as shown by the GREEN TRIANGLE under the candle following the YELLOW candle, with a GREEN BACKGROUND.
CONTEXT FILTER is not denying this is a valid trade.
Price has broken above VWAP resistance (YELLOW LINE).
Wait for a retest of this level for the best entry.
Target the seemingly untapped SUPPLY area shown by the GOLD CIRCLES.
STOP LOSS below this local structure.
solana analyzeAccording to the high BTC chart, the Solana is compressed into a triangle and there is good support at the bottom of the triangle, and due to the long low ridges it has good strength and is expected to be supported again.
Forming a higher ceiling at the price of 0.0011 provides favorable conditions for the continuation of the upward trend.
Solana V bottom recovery?Only spot trading this one at the moment against BTC (actually miss spot trading some times) I havent been playing a lot of the alt market recently as I have had more luck just trading Bitcoin through all this mess but I do enjoy trading SOL, might be a bias because I trade on FTX alot but I enjoy its price action and volatility, and can normally get some descent set ups on it.
Now although im semi bearish on the Crypto market has a whole right now I couldnt help but take this trade from that V bottom and R:R it offered over 7:1 and I got a descent entry off the pull back so happy to sit on this for a while at .5R.
I have circled that area at .000946 as the troubled area we need to break through for this trade to continue, if we fail to break this either 1st or second go and there is a lot of bearish reaction there like a big bearish engulfing, lack of volume or wicks to the upside indicating a supply zone It invalidates my trade and ill exit early for small profit and write it off.
Breaking this level im happy to sit tight and move my stops into take profit and let it run for a higher target and reassess when we get closer before jumping straight out.
SOLBTC - Long - Potential 43.89%SOLBTC - Long - Potential 43.89%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone: 0.00080623 - 0.00089780
Take-Profit Targets:
1) 0.00093893
2) 0.00105946
3) 0.00128838
Stop Targets:
1) 0.00069785
Entry Trigger- Tokenised Stock Launch on Solana Blockchain. Bullish news.
SOL still has some way to go before going back upWe are in a mini bear market, $btc is not doing well and looks to keep going down for a few more days, this will inevitably bring all the altcoins down with it, $sol is no different.
But there are other factors at play here, the #rsi is still very high and needs to come down before the price goes back up.
So, I see a period of consolidation.
If we break the downtrend then we should see 0.0013 in the next 20 days or so ... with a wave going up and then down.
If we have a total break of #btc then we will probably break down for further lows
LONGS ON SOLBTC AGAIN.Adding to my portfolio is SOLBTC. Previous longs made some huge chunk of profits before the whale crash. Now that we see some recovery, I'm taking longs once more. From a technical perspective, the 0.00095000 level of support is quite holding here and we might see price develop some more into the all-time highs. This is support potentially points to a higher low. This trade should not be overlooked.
