Small support and resistance range for SOL/BTCA small support and resistance range for SOL/BTC is visible in the image.
If any of these limits are broken and the failure is confirmed, it can be sure that the level has changed.
SOLBTC trade ideas
SOLBTC volume mappingDepending on which box it enters, we're playing accordingly, tight stoploss at bottom of top box. mapping out using volume range indicato
SOL/BTC - Solana: BBand Breakout◳◱ On the $SOL/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.0026222 | 0.0029394 | 0.0036074 and support near 0.0019542 | 0.0016034 | 0.0009354. Entering trades at 0.0023372 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0023372 ₿
▣ 24HVol: 368.582 ₿
▣ 24H Chng: 4.798%
▣ 7-Days Chng: -0.22%
▣ 1-Month Chng: -13.73%
▣ 3-Months Chng: 80.49%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0026222 | 0.0029394 | 0.0036074
◢ Support: 0.0019542 | 0.0016034 | 0.0009354
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.73
▣ Last 90D: 2.52
▣ Last 1-Y: 2.48
▣ Last 3-Y: 1.02
◲◰ Volatility :
▣ Last 30D: 0.91
▣ Last 90D: 0.90
▣ Last 1-Y: 0.91
▣ Last 3-Y: 1.19
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.74 - Bullish
▣ In-depth SOLBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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SOL/BTC - Solana: Trend Reversal◳◱ On the $SOL/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.0026222 | 0.0029394 | 0.0036074 and support near 0.0019542 | 0.0016034 | 0.0009354. Entering trades at 0.0022664 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0022664 ₿
▣ 24HVol: 814.743 ₿
▣ 24H Chng: 3.206%
▣ 7-Days Chng: -4.89%
▣ 1-Month Chng: -23.98%
▣ 3-Months Chng: 57.21%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0026222 | 0.0029394 | 0.0036074
◢ Support: 0.0019542 | 0.0016034 | 0.0009354
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -3.43
▣ Last 90D: 2.05
▣ Last 1-Y: 2.26
▣ Last 3-Y: 0.99
◲◰ Volatility :
▣ Last 30D: 1.06
▣ Last 90D: 0.89
▣ Last 1-Y: 0.91
▣ Last 3-Y: 1.19
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.39 - Bearish
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.55 - Bullish
▣ In-depth SOLBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
Solana (SOL) and Bitcoin (BTC): Weekly Chart Hints at Potential The SOL/BTC weekly chart presents an interesting technical development that suggests a possible bullish reversal for Solana (SOL) relative to Bitcoin (BTC). Here's a breakdown of the observed pattern and its potential implications:
Double Bottom Pattern:
The chart appears to be forming a double bottom pattern. This pattern is generally considered bullish within the context of a trading pair (like SOL/BTC) and indicates a potential reversal of SOL's price dominance relative to BTC. Here's a closer look at the double bottom:
Two Bottoms: The chart displays two troughs, or lows, in the SOL/BTC price ratio. The second trough (the "right bottom") is ideally higher than the first trough (the "left bottom").
Neckline: A neckline is drawn by connecting the lowest points of the two troughs. A breakout from this neckline, ideally with increased trading volume, could signal a potential increase in SOL's dominance relative to BTC.
Target Ratio:
Based on the double bottom pattern, a target ratio for SOL/BTC could be around 0.0054. This target is calculated by measuring the vertical distance between the neckline and the bottom of the right trough and then adding that distance to the breakout point above the neckline.
Important Considerations:
Technical analysis is a valuable tool, but it's not a guaranteed predictor of future price movements. Other factors like overall market sentiment, news events specific to SOL or BTC, and general market trends can influence the price ratio.
This analysis explores a potential opportunity, but it's vital to conduct your own research on both SOL and BTC before making any investment decisions.
Why is nobody shorting this stuff?How can a sh1tcoin still be so overvalued compared to Bitcoin?
We need to bring this one down lol
SOLBTC - Consensus trade of the cycle? Activity on SOL is exploding, currently driven by a speculative meme token frenzy. This drives a lot of value to SOL itself.
Unless an ETH ETF actually gets approved, SOL stands a good chance of outperforming both BTC and ETH this cycle.
DYOR.
Happy Trades,
CD
SOL/BTCSince the market narrative rely heavily on Solana chain and on chain meme coins, I think we should start drawing our attention into SOL/BTC pair.
Currently showing strength and may aim the 0.04 level. The question is are we going to be able to see that on this bull run, if it can break that level and stay above it.
Not a financial advice
0.007 ($1k/$400B MC) SOL @ Halloween, 6 month bull flag breakoutAfter the multi-month cup & handle (inherited from btcusd), upside breakout.
A bull flag over the last 6 months had formed, and finally broken out this week.
Expect continuation of this bullish pattern throughout 2024 leading into the 2025 bull run.
Despite the lack of decentralization & costs for running a node, solana is the #1 blockchain by many metrics. Users will continue to be onboarded via meme coins and become solana defi advocates, leading to more adoption.
BTC will become prohibitively expensive for the masses, leading to financial security decisions made to hodl the base layer token.
SOL/BTC - Solana: BBand Breakout◳◱ On the $SOL/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.0023843 | 0.0025267 | 0.0027507 and support near 0.0021603 | 0.0020787 | 0.0018547. Entering trades at 0.0022642 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0022642 ₿
▣ 24HVol: 566.038 ₿
▣ 24H Chng: 2.092%
▣ 7-Days Chng: 3.31%
▣ 1-Month Chng: 1.71%
▣ 3-Months Chng: 78.15%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0023843 | 0.0025267 | 0.0027507
◢ Support: 0.0021603 | 0.0020787 | 0.0018547
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.58
▣ Last 90D: 3.32
▣ Last 1-Y: 2.00
▣ Last 3-Y: 1.35
◲◰ Volatility :
▣ Last 30D: 0.77
▣ Last 90D: 1.16
▣ Last 1-Y: 0.89
▣ Last 3-Y: 1.25
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.66 - Bullish
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.36 - Bearish
▣ In-depth SOLBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
SOL knows the assignmentSOL looking to take some share away from btc
A clear impulse here with a potentially finished correction as all it had to do was make a double bottom here at best. Volume is indicating there could be a bullish divergence here soon and BTC is just chilling! Don't you love to hear that?
This is SOLBTC
Check out my SOLUSD chart too showing how the moving averages are behaving
ChatGPT4 Says (Sorry im too lazy to explain)
The chart you've shared appears to be a cryptocurrency trading chart for SOL/Bitcoin (SOL/BTC) on a 4-hour timeframe from the Binance exchange. Here are some observations based on typical technical analysis:
Elliott Wave Pattern: The chart shows what appears to be an Elliott Wave pattern, with waves labeled (1) through (4). Elliott Wave theory is a method of technical analysis that traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors.
Triangle Formation: After the completion of the Elliott Wave pattern, the price seems to be consolidating in a converging pattern, which could be a symmetrical triangle. This is typically a continuation pattern, meaning that the breakout could potentially be in the direction of the overall trend prior to the triangle's formation. However, a breakout could occur in either direction.
Volume: The volume bars at the bottom do not show a significant increase in volume, which would typically accompany a strong breakout. Traders often look for increasing volume as confirmation of a pattern breakout.
RSI Divergence Indicator with EMA: The Relative Strength Index (RSI) is overlaid with an Exponential Moving Average (EMA). The RSI appears to be in the middle range, neither overbought nor oversold, which offers no strong signal on its own. However, the RSI divergence indicator can sometimes predict potential reversals if there are divergences between the RSI and price action.
Labels A, B, C, and D: These labels might indicate specific points of interest or could be marking the points of the triangle.
Bull Label on RSI: This could suggest that there was a bullish divergence signal given by the RSI divergence indicator at some point, which could be a sign of potential upward price movement.
SOLBTC Chart wait 2 weeksGuys wait it cross the downtrend put your 30% stake if it touch the support line and come back put 30% if it cross resistance line invest 50% stake this is going to Moon
Good luck
SOL/BTC vs ETH/BTCSolana has been steadily outperforming most large cap crypto coins. Here is a comparison between SOL/BTC vs ETH/BTC. You can see that Solana has been consistently outpacing ETH compared to BTC this last year.
Solana showing relative strength on two fronts (USD & BTC)SOLANA - KEEP AN EYE ON THE EXITS
Solana continues to hold the 21 daily moving average and has relative strength against BTC even with the recent mini BTC pump.
Whilst I think we need to keep our eyes on the exit over the coming 2 - 8 weeks these charts continues to look very positive with any BTC upside propelling CRYPTOCAP:SOL higher than BTC in BTC relative terms.
As SOL has had a monumental 774% run from June 2023 increasing from $12.50 to $110 today, its time to start considering profit taking. With this in mind, a large portion, maybe 60-70% of the current position I hold will be exited on/sold on a close below the 21 daily moving average (in USD).
For now I believe we may be reaching into a frothy peak as the Bitcoin ETF announcement approaches, ahead of which I would see taking profits off the table as a wise decision.
We have to remember that the upwards volatility in SOL, the leverage gained relative to BTC, will flip into into downwards volatility in SOL on a BTC decline, resulting in a much harsher sell off than that of Bitcoins correction. I am not predicting that the Bitcoin ETF approval or decline will result in a massive sell off in BTC, but it would remiss of us not to expect a 30% pullback in BTC over the next 2 weeks to 8 weeks as STANDARD BTC behavior at this point in the BTC cycle. If this happens, the price of SOL will likely see much heavier major downside.
Lets see what happens over the next 2 weeks and we will check in again. T
These perspectives I am sharing are more about framing where we are in this current market and how we might think about protecting ourselves against the typical BTC price behaviors we have come to expect as standard such as the 30% drawdown (which we have not had yet). If your a longer term holder, none of this really matters, you are holding on a longer timeframe. Also important to note that we could see FWB:52K - $58k BTC before such a pull back or, maybe this will be the one time BTC goes into a super cycle? Who knows, we are just looking at the exits and protecting ourselves.
Stay Nimble Folks
PUKA
SOLBTCSOLBTC
Since It's in the supply zone, I think we are at the end of the sol dream
To be honest, I don't know if the area would work. We'll see
I won't expect it will hit above the 3th mark.
It's just an idea please don't take it serious.
SOL/BTC long ideaIts shown rang idea and then long idea for sol, I think about 40% increasing in price for sol
Is it time to correction of Solana?Solana to Bitcoin has reached near the top of the channel. Should we wait for SOL reform?
According to the upward momentum, I considered 3 movements for this chart:
1) Correction from the top of the channel to the area of 0.0012-0.00136
2) fake Breaking the channel and correcting it up to 0.0012
3) Break the channel and pull back to it and continue the trend to the upper areas
what is your opinion? Do you think Solana can break this channel?
Planning moves on SOLBTC. Continuation Pattern
. Wick Fill
. BTC Halving - Nobody wants to sell BTC - that´s why I believe its a continuation / accumulation pattern on this level.
. Sol Phones selling on EBAY - Stil don´t know if will be a genius move or the opposite :)
The AltCoin/BTC bloodbath might spare SOLBullcase
The formation formed on decreasing volume
Breakout and consolidation above the ema21
Stoch Crossing over
RSI support
Engulfing candle on several timeframes
I have my SL set at 0.00078
LAST WAVE B4 COMPLETIONSolana can sell off in this moment and head for Wave 7.
Would be a good short if this plays out.
My target is $48 on the SOL/USDT Chart.
Simple & Clean Analysis!
Happy Trading!!⚔️
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SOLBTCSOLBTC
Solana paired with Bitcoin is trading in the green channel. It will be very good if we continue to be in this range and gradually move down to the red line. Then Solana will have a great chance to show good results in the next altseason.
Don't forget to show your support by like(rocket) and comment✅
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
Solana breaks out vs. Bitcoin. Nears prior area of resistance.Solana is where it's at while Ethereum continues to lose ground to Bitcoin. However, we've had this run-up before, and we are nearing an area where we could see a pullback to support. If you are just now entering Solana, be aware of these prior areas of consolidation vs. Bitcoin.
