SOLBTC trade ideas
SOL/BTC (Pullback>Bullish Reaction?)SOL/BTC
-the price went down by -20% today
-a bullish reaction at the previous resistance zone
-which is a highly potential new support area
-the highlighted green box is where buyers will start entering
-provided reversal signs are seen
-watch out for the new trendline resistance as well
SOL ShiningSOL - New coin on Binance caught my eye.
Picking it up in the chatter on LUNARCRUSH
Also Whales have been buying about 6 BTC worth every day this week.
Saw previous resistance turn support and went with my gut on the Breakout.
30 Seconds after I placed a trailing order someone bought 21 BTC worth.
Plan. Trailing achievable target. Small Position size because I don't usually play breakouts.
Lets learn some stuff.
SOLBTC - LongSOL used to have hyped and is now mostly capitulated, big breach of the accumulation range with volume, now retesting the support for a clean S/R flip attempt
SOL/BTC (Bullish break above daily resist area)SOL/BTC
-broke the daily resistance area
-it would be healthy if the price pullback
-and retest old resistance > flip to new support
-upside target #1 is located at 9791s and targe #2 13793s
What is the direction of SOL?Descending Triangle - Bearish - Direction is down
String S/R Zone and Trend Line - Bouncing - Direction is up
EMAs positions are bad - Bearish - Direction is down
SOL/BTCSOL/BTC It seems to have broken the down trend, stuck within a range, in possible accumulation? Double bottom, possible bullish flag on the 4 hour chart.
Low risk buy is 5600 area if it gets there again, easy to cut if closes below. Can wait for the S/R flip of the 7200's area. BTC dominance might be in reversal mode, so take some caution here. If BTC dominance starts to increase again, then you know what
If you really want in then the bottom of the flag might be and okay entry.
Not an expert, I just see patterns!
SOL / BTC (very short Edit)SOL, looks ready!
Big double bottom, accumulating on low volume, if we break RED OB big breakout incoming! For fun some targets for you guys!
Keep an eye on SOL!
$SOL*Coin burn on 28th of May or earlier.
* Retraced to 0.786 Fib.
* MACD Bullish Cross
* RSI approaching 50.
* Up trend line on 4h
SOL/BTC move up after deviationBINANCE:SOLBTC
In SOL/BTC pair we can see a falling wedge is forming. At the same time we have a deviation of the channel.
If the falling wedge plays out we may see the yellow line scenario playing out.
SOL / BTC - opportunity within patternSol is bouncing off the bottom of the triangle.
Buy indicator on superwaves indicator has preceded move up the last few times.
Expecting a retest of top trend line.
