Don't tell me you are one of those that belief the market will grow forever, for whatever reason; the CPI. Don't tell me you belief that stuff. If you belief it, how come you are reading this?
Are you still bullish?
There is surely a time and place to be bullish, there are surely many pairs and projects that are bullish but Solana is not part of this list.
➖ Look at the left side of the chart, late 2023. See the size of the candles.
➖ Then look at the right side, notice the size of the candles.
➖ Notice the volume on the left side of the chart; there are some really high bars and these are green, then prices went up.
➖ Notice the volume on the right side of the chart; there are some really high bars and these are red, then prices went down.
Bitcoin moved up today and spook some people; the effect on Solana and the other Altcoins is minimum, you can see basically no growth. This is the proof that I mentioned on how to spot the end of the correction.
When the correction is over, when Bitcoin hits its bearish wave low, this pair and the other giants will print a massive green candle the next day and it will have huge green volume; right now there is none.
Just letting you know once more that it is going to crash, so when it happens I can come here and write, "I told you so!"
This is not really what is going to happen, but expressing myself differently might wake some people up.
If you know what is coming, you are fine... But some people are about to lose their homes.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.