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SOL / Bitcoin

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SOLBTC trade ideas

SOLBTCSOL BTC after breaking out of LTB was seen bouncing back on its daily chart with a 12% gain between the 4th and 9th of September, entering a new accumulation phase. The width of the Bollinger Bands on the chart confirms this accumulation and suggests an upward explosion of the asset due to the devaluation it is currently in. However, its RSI is crossed and pointed downwards, but that doesn't take away from the brute force of Sol. I believe that in the next 24 hours it reaches the target of 0.0017955.
by ferulianov
BTC AccumulationFor long term holdings, I started to accumulate BTC. Doesn't matter to me if it will go lower, in 2 years or even more I think it will be much higher. Don't use leverage! just a small example with sol, the altcoins are performing better now that BTC dominance falls, but at resistance I will switch to BTC again. Take care guys, and use risk management. I got enough bullets to buy more than now if it goes lower, if it doesn't I will stick with the holdings that I have and use the rest on short term trading (swing) Cheers
Long
by mihaibrandi
2
SOLBTCconfluence bullish cfork here solbtc aswell as solusdt starting a bullis cfork for now can use as confluence for taking profit/cutting 0.5 fibzone also has the general downtrend line in its vincinity so unless were going to start a brief speculative alt wave// (think myby 1 more capitulation on the cards 1st givent usdtdominance tbh but still...) can see how were looking once we're at that zone if we break out with conviction/ global market relief rally, no recession then this area could also be the last chance entry before the run up to 2023 halving/continued liquidity drain from tradfi to crypfi sooner than you think doesnt mean this year though nessicarily although a quite a few countries are considering adopting btc as legal tender in the near future, this could start another speculative wave.. eth2 merge theres a few other things also anyway this is a short term trade for now till im convinced usdt dominance isnt going for a 5th wave extension (willpostchart) (o rdxy to 111+)
Long
by olliecoughland
SOLANA bounce after retracing to 61.8% Fib.SOLANA bounce after retracing to 61.8% Fib. which coincided with the 200 VWMA (thin orange line) on the hourly (note: Thick Orange Line is the 200 SMA). Higher high on the hourly set, hinting on a possible reversal of the short-term downward trend. Waiting for potential bull flag breakout vs. BTC. Ichicloud on the hourly turned bearish though, but will continue to hold. Stop limit set below the 65% Fib level. Bearish cross of the Red 21 EMA vs. the green 50 SMA on the 4 hourly will be averted if SOL continue to remain above the 50 SMA, after having bounced off of it. PRISM Oscillators indicated a bullish diversion on the acceleration oscillator. A more confident short-term bullish outlook will be secured if SOL returns above the red 21 EMA on the 4 hrly, and stop-limit might then be updated (raised) to just below this level accordingly.
Long
by cybernetwork
Solana's Inverse Head & Shoulder Pattern In The MakingThe inverse H&S pattern is developing and likely to show fully on this chart. We are looking at Solana vs Bitcoin (SOLBTC). Not only this pattern but we can also see prices holding above EMA10; The highest volume in the last two weeks (volume breakout); And a very strong RSI. We can also look at this from a different perspective, and that is the "same pattern". We can notice a low 12-May followed by a lower low 13-June. This precedes a bullish breakout. It is normal to see a correction/retrace after the initial breakout. This correction/retrace is now coming to an end all across the board. It ends in a higher low that leads to a higher high... The next target/additional details on the chart. Thank you for reading. Namaste.
Long
by AlanSantana
1