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SOL/USDT Outlook: Will We See a Bullish Bounce or Another DowntuThis was the analysis I’ve been using for my SOL/USDT trades over the past few weeks. I believe that in the next few days we’ll see whether Solana turns bullish again or if there’s another downturn. However, I’m confident that several support levels will bring Solana back around and push it higher. If that happens, I’ll go bullish on SOL. On top of that, I’ll be posting more of my daily (or weekly) trades to keep you updated on what I’m doing. I’ll also share where I see SOL heading. What do you think, tell me? Stay tuned and I’ll catch you in the next one — peace!
Long
by Toxic_squirrel
1
Reaffirming short from Dec 20, more trouble ahead for BTCAs I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway following this slight recovery. The one and two day MACDs have still not bottomed out; and worst of all, the 1week and 2week MACDs are looking like they've peaked. This would be their first downward movements since Aug/Sept when we were at 1500CNY/235USD. The StochRSI at 1week is showing its first downward cross since the early Nov. drop as well I would NOT take this lightly. I'm still optimistic in the medium-term and I'd be very surprised if prices got anywhere near that low, but January could get really cold, really fast. If you are still in BTC I would have your alarms set and be ready to trade or at least hedge with a put option or two. If you are out, just don't get back in too quickly, it can be tempting to see the 2-hour MACD/RSI going positive and panic-buy, but I'd advise against it. 1 day indicators should be able to show us the way when it is time to return.
BShort
by RyanMartin
NZDUSD could face downward pressure in near future.As you can see in this elliott wave count, since 2009 an structure that presumably could be an zigzag due the small retracement after the first five was completed, had been developing. The complex part is the C)) wave which is forming as a diagonal. There are several possibilities for the count of this last piece, but any of them lead a down side movement. If there is a double tree to end the 5) of this diagonal the price should move to the south. Even if you consider that could be a Z wave into it, the price should retrace to make the connecting X wave. And even If you assume the price is in a more complex B)) wave, still should fall as the 2 wave seems finished. How far? Well we will need to see how the following wave develops but as far as now a complete impulse to the down side had been all ready formed (the small down recent movement to 0.8459) after a possible pullback which should retrace more than the half of this movement we can expect a movement at least 1.5 times the first decline. There after we could see if this is impulsive in a greater grade or is a zigzag and then should have more to assess what will come later.
Short
by 7pasos
2