SOL Can Crash The Market - FTX Bankruptcy money MartyBoots here , I have been trading for 17 Years and sharing my thoughts to keep you updated on the current market situation .
SOL has formed the same pattern as BTC back in 2019 which crashed the market.
This situation needs to be watched very carefully
They may want to drop the market and buy it up cheap with FTX bankruptcy money
Solusdt
SOLANA - Double Top or ready to breakout?Solana, the coin that has performed best against Bitcoin so far, is at a critical level, right now I do the same reasoning as I did on BTC, I observe only for the simple reason that you don't buy under the major resistance, you wait for the Breakout + retest or you wait for a nice support, in this case the long-term reversal points are clear and the first important support I see is very Lower than where the price is now, it's time to use the best of a trader's virtues which is patience
Ducks in A Barrel Long Setups - BTC, SOL, TON & PADISCLAIMER: This is not trade advice. This for educational purposes only to show how I am looking to participate in these markets. Trading involves significant risk, do your own homework and due diligence.
Ducks in a Barrel Weekly-Daily Strategy
LONGS: BTC, SOL, TON
SHORT: PA
LONGS:
The crypto market is overall in a strong up trend based on weekly MA's sloping up. We see that BTC, SOL & TON are undervalued vs the price of Gold and Treasuries, and are oversold on stochastic. If we see a trend change to the upside on the Daily chart, I'll look to long these markets. I admit, I'd like to see sentiment more bearish, as currently sentiment is in the middle of the road. Perhaps one more flush to the downside would create some panic and bearish sentiment, which would make this trade idea even more valid.
SHORTS:
Palladium is in a strong weekly downtrend. Right now we are overvalued vs treasuries, but not yet overvalued vs gold or overbought. I'd like to see this market get overbought & overvalued vs gold to qualify looking for shorts on the daily time frame.
Good luck & Good trading.
Solana : WHICH WAY Could it go??Solana was one of my TOP PICKS for alts in 2024.
Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B:
This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to continue growing when the price of BTC starts another impulse wave up. My thoughts on that HERE👇:
Until then, don't lose hope just yet! December is usually a great time for the crypto markets.
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CRYPTOCAP:SOL COINBASE:SOLUSD
SOL - Open interest increased by 30% - big move is coming!SOL - Open interest increased by 30% - big move is coming!
Price already did 54% rise that's why i would be so happy to see some SL hunt before and only after big rise
best plan for SHort
Price should make BIG sl HUNT ABOVE $185
kEY AREA for LONG $130 - $140 area
SOL long short term?Hello everyone,
Solana is showing good signs of bullishness short term. However, even if there is a continuation bullish pattern in place, this might not be bullish due to the current market situation.
Do not buy until a clear breakout is in place as well as having a clear understanding of what the next major trend is going to be.
Seb.
CAN SOL GO PARABOLIC? MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
I posted about SOL crashing the market before it crashed when FTX collapsed , check back on my previous trading view videos
This is potentially forming the same pattern that crashed BTC back into COVID crash . So be on alert but if we can negate this pattern then SOL could go PARABOLIC
BITCOIN IS THE NEXT AMAZONMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully.
BTC To The MOON
Please watch the video for more information
SOLUSDTUnderstanding the Head and Shoulders Pattern in SOL/USDT
What is the Head and Shoulders Pattern?
The head and shoulders pattern is a classic technical analysis formation that signals a potential reversal in the trend. It consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). This pattern is often used by traders to predict a shift from a bullish to a bearish trend.
Breakdown of the Pattern
Left Shoulder: The price rises to a peak and then declines.
Head: The price rises again to a higher peak, forming the head, and then declines once more.
Right Shoulder: The price rises once more but to a peak similar to the first peak and then declines again.
The neckline, drawn by connecting the lowest points of the two troughs, is a crucial support level. Once the price breaks below this neckline, it confirms the pattern and suggests a potential bearish move.
Current Situation in SOL/USDT
Solana (SOL) has recently completed a head and shoulders pattern and has broken below the neckline. This indicates a potential bearish trend reversal, making it an interesting short trade opportunity.
Expected Returns
If the head and shoulders pattern fulfills, traders could expect about an 8.35% return on this short trade. This return is calculated based on the height of the pattern from the head to the neckline, projected downward from the point of the breakout.
Technical Analysis Insights
Inverse Head and Shoulders Pattern: For context, the inverse head and shoulders pattern is the opposite and signals a bullish reversal. Currently, SOL's formation is a standard head and shoulders, indicating a bearish outlook 2.
Support and Resistance: Key resistance levels are around $150.77 - $158.89, with significant support around $118.69 - $120.00 2.
Risk Management
Risk management is crucial in trading. Always use a stop-loss to limit potential losses. For this trade, setting a stop-loss slightly above the neckline can help manage risks effectively.
Conclusion
The head and shoulders pattern in SOL/USDT suggests a possible bearish trend with an 8.35% return on a short trade. As always, conduct your own research and consider your risk tolerance before making any trading decisions.
Further Reading
Technical Analysis Basics: For those new to technical analysis, understanding the basics can provide a solid foundation.
Risk Management Strategies: Implementing effective risk management can help protect your capital in volatile markets.
By understanding and utilizing these patterns and strategies, traders can better navigate the complexities of the cryptocurrency market.
Note: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Solana - take trade after big SL huntSolana - take trade after big SL hunt
my Major plan is short at 145 after some SL hunt
Reasons - trend is still down and price should take LOW of a range 115 area
Longs better to take After big SL hunts at 110 - 120 area
In the end better to watch full analysis and take trade
SOL IS GOING TO CRASH THE MARKET PART 2MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
I posted about SOL crashing the market before it crashed when FTX collapsed , check back on my previous trading view videos
This is potentially forming the same pattern that crashed BTC back into COVID crash . So be on alert
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers:
A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result:
The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ).
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COINBASE:SOLUSD
Solana - TREND Indicators BEARISHUsing a Technical Indicator here which I use mainly to determine trend swings from a macro perspective. At least for the short term, SOL is bearish.
We've lost a long standing trendline that has held since October 2023, which is around the time that the bullseason started.
This will all largely depend on what BITCOIN does in the short term - more info on that HERE:
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COINBASE:SOLUSD
SOL Solana Technical Analysis and Trade Idea 📊 In our latest video, we delve into two SOL (Solana) options: a strategic entry point for dollar-cost averaging if you’re accumulating SOL, and an intraday trade concept tailored for active traders. As usual, the video provides insights on my trade entry points, trend analysis opinions, market structure, and price action. Remember, this content is educational in nature and not intended as financial advice. 📈 🚀
Solana - Why You NEED THIS Indicator📢COINBASE:SOLUSD
SOL is flashing some bullish signs on the indicator and it seems that we're gearing up for another move towards the upside. This is the indicator that I used to call the new BTC bullish cycle in November last year, as seen below:
In 3 short minutes, we'll discuss the functionality of this technical indicator and why it's really helpful when monitoring the market.
Make sure you don't miss my most recent update on BTC, and why I say another ATH is imminent:
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SOL Solana Invest Or Trade - Technical Analysis and Trade IdeaIn this video we cover two SOL (Solana) options, an entry point if you are looking to dollar cost average in as an investor, and a scalping and or intraday trade idea if you are looking to trade this. As always the video covers my trade entry points my opinion in terms of the trend, market structure and price action, and as always this information is educational in nature and not to be construed as financial advice.
SOLANA - $600 on the Cards?👀📉Hi Traders, Investors and Speculators of Charts📈
Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching:
By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for the short term, the support zones should hold at $140, with wicks as low as $120. When incorporating this into Elliot Wave Theory, our next impulse up (wave 4-5) should take us to roughly $290.
But it doesn't end there. When we zoom out, and view the chart from a macro perspective, we see a different structure of Elliot waves... We're possibly still in wave 0-1! And if we use the same Elliot wave ratios to calculate wave 5, (% of wave 1 OR 161.8 x wave 1 length) then wave 4-5 takes us even beyond $600.
It's important to note though, that this is a multi-month and potentially multi-year target. Although SOL has previously increased 500% in a few weeks, the markets are more mature than they were in early days with many more adopters and institutional investors joining the game.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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COINBASE:SOLUSDT BINANCE:SOLUSDT