SolanaКороткая
Resistance Levels in altcoins
Обновлено
Concurrent with the indices being at major inflection points crypto has broadly also filled major inflection points.
Let's look at the different setups.
First we have SOL in the main chart. Inset is the BTC high before the 2022 bear market. Different in a few ways but both the same general idea of a nominal spike above the previous high that fits inside of a harmonic pattern.
Most of the things we're going to be looking at have extreme bullish momentum at time of writing but the patterns we're going to be looking at all forecast extreme momentum into their fills. For example, in SOL we are using a harmonic. If this was the end of a harmonic, we'd have just seen the D leg.
It is a hard set rule of all harmonics that the most aggressive part of the move is the D leg. Always. The defining characteristic of a D leg is exceptional momentum that builds to the point of looking unstoppable. So anything based on momentum, breaks of anything that's not the actionable fib levels, candle patterns etc - these are all annulled.
The D leg is defined by being exceptional by all momentum metrics.
I'm sure the other recurring point made against my ideas here will be the halving cycle break out and it's not being enough days yet etc etc. I still have my doubts about the efficacy of the halving thing. I need longer to determine 4 year cycles. Breakout did come right when predicted through. Well done to those who benefited from that.
My stance on the halving theory hasn't changed because
when people brought it up before I always just told them I don't care. I'm trading TA patterns. They'll get me out early if I am wrong. I'm going to make 1,000s of trades in my life - lots of them will be wrong. It's fine. Everything you can explain with the halving I can explain with fib breaks.
And it's still conspicuous to me that BTC and indices continue to move in tandem. Meaning we'd have to class the halving as coincidence or a driver of indices moves.
But none of that matters to me. The TA implications if the reversal patterns fail here are quite similar to the bulls halving forecasts. If we break we may end up agreeing on the same thing for different reasons. Or if this is just stop gaming / FOMO inducing, we should be at or very near the end of it now.
I like the fibs.
Here's some other patterns;
Let's look at the different setups.
First we have SOL in the main chart. Inset is the BTC high before the 2022 bear market. Different in a few ways but both the same general idea of a nominal spike above the previous high that fits inside of a harmonic pattern.
Most of the things we're going to be looking at have extreme bullish momentum at time of writing but the patterns we're going to be looking at all forecast extreme momentum into their fills. For example, in SOL we are using a harmonic. If this was the end of a harmonic, we'd have just seen the D leg.
It is a hard set rule of all harmonics that the most aggressive part of the move is the D leg. Always. The defining characteristic of a D leg is exceptional momentum that builds to the point of looking unstoppable. So anything based on momentum, breaks of anything that's not the actionable fib levels, candle patterns etc - these are all annulled.
The D leg is defined by being exceptional by all momentum metrics.
I'm sure the other recurring point made against my ideas here will be the halving cycle break out and it's not being enough days yet etc etc. I still have my doubts about the efficacy of the halving thing. I need longer to determine 4 year cycles. Breakout did come right when predicted through. Well done to those who benefited from that.
My stance on the halving theory hasn't changed because
when people brought it up before I always just told them I don't care. I'm trading TA patterns. They'll get me out early if I am wrong. I'm going to make 1,000s of trades in my life - lots of them will be wrong. It's fine. Everything you can explain with the halving I can explain with fib breaks.
And it's still conspicuous to me that BTC and indices continue to move in tandem. Meaning we'd have to class the halving as coincidence or a driver of indices moves.
But none of that matters to me. The TA implications if the reversal patterns fail here are quite similar to the bulls halving forecasts. If we break we may end up agreeing on the same thing for different reasons. Or if this is just stop gaming / FOMO inducing, we should be at or very near the end of it now.
I like the fibs.
Here's some other patterns;
Сделка активна
Original reactions off all the resistance levels.
Currently dead catted on support.
Plans for if we break again.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.