Review----SOL
BTC remains fluctuating at 42000, the IV reflected in the options market is decreasing, and the impact of BTC ETF has come to an end. We have analyzed SOL through indicators before, and now we will do a brief review to see how our indicators performed.
In our last report on SOL, we mentioned that it was in the process of correction but remaining a bullish trend. Over the past week, you can clearly see from the indicator area that the bulls have strengthened after the colunms approached the lower rail of the wavy area. Everything is in line with the instructions of TSB indicators. The rebound from the signal point to date is 15%. If you used our indicator after seeing the last report, you avoided becoming a paper trader and continued to hold a long position.
At the 4h level, SOL continues to maintain fluctuation. During the course of our previous report, the KDMM indicator suggested a significant increase in bearish momentum. This is a classic short signal. Our trading department opened a short position and, in accordance with the rules of the KDMM indicator, closed our position when the bulls strengthened. Finally, within a week, a gain of 10.81% was captured. This is very simple. And now, the KDMM indicator is currently approaching a high level. When the bearish momentum increases, trading opportunities will come again.
Our indicators have shown their strength over the last week, and no matter what level or trend you are in, you can find the right indicator to use.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
In our last report on SOL, we mentioned that it was in the process of correction but remaining a bullish trend. Over the past week, you can clearly see from the indicator area that the bulls have strengthened after the colunms approached the lower rail of the wavy area. Everything is in line with the instructions of TSB indicators. The rebound from the signal point to date is 15%. If you used our indicator after seeing the last report, you avoided becoming a paper trader and continued to hold a long position.
At the 4h level, SOL continues to maintain fluctuation. During the course of our previous report, the KDMM indicator suggested a significant increase in bearish momentum. This is a classic short signal. Our trading department opened a short position and, in accordance with the rules of the KDMM indicator, closed our position when the bulls strengthened. Finally, within a week, a gain of 10.81% was captured. This is very simple. And now, the KDMM indicator is currently approaching a high level. When the bearish momentum increases, trading opportunities will come again.
Our indicators have shown their strength over the last week, and no matter what level or trend you are in, you can find the right indicator to use.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Disclaimer
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.