Pouncer626

Pouncer626

It just tagged its 1.618 fib extension completing a 1-2-3 setup 3 wave move to the upside, its going to try to rise above the 50 day sma (in gray) but it may retrace as it comes down before it jumps up above it like Bth, Eth, Sol, and all the other alts are doing at the moment with some offsets in time. Aside from an ABC pullback, its setting up a larger 1-2 3...

Pouncer626

Judging by the indicators like MACD and RSI, and the general behavior of Eth, it seems like it'll retrace this move overnight, maybe a day or so, then go back up again! It's hit its 12-3 Fib (3 wave move) targets in the 1 hr time frame over the last 2 1/2 weeks setup. Eth put in an Inverse H&S in the last 5 weeks and satisfied the move, now it will most likely...

Pouncer626 Updated 

Looking at Solana on a 1W time frame: I've added the Fib Extensions and Retracements from the Maximum low and high, they are in my opinion the ones that matter most. I also included the Bull Market Support Band derived from BTC, which would indicate it could come into effect near where the wave 4 retracement could interact in a support way for more confluence...

Pouncer626 Updated 

Notice the Very Significant Loop in Solana's Price indicated by the Orange Line! This Predictive Model is based on a Channel. Notice the Action happening on the Center Line of the Channel! The Plan is Down then Up! (Not to be confused with Up then Down) There is some Elliot Wave stuff that suggests, if all goes according to plan, we are in a Wave 4 correction...

Pouncer626 Updated 

Solana is in a triangle between 2 channels, approaching the Apex! It could break either way! Solana could be in a wave 4 of 3 retracement which could last two months from when it started on Christmas at noon if it's length can bet determined by the wave 2, which lasted from July 13th 2023, to Sep 11th 2023 (59 days 20 hours) or we could just be in a calm between...

Pouncer626

The 4HR RSI has a divergence on candle closes, also the 4HR MACD has an upwards cross happening. I laid out the retracement Fibs my guess is that it'll go somewhere between the 1.618 or 1.786, then pivot again bearish, making a right shoulder on the chart. Alternatively, if it somehow becomes more bullish, it could hit the top Trend line forming another larger...

Pouncer626

Seems Clear, will it outperform Solana? It could also break down from here cause it has several hits in this channel already on both ends and near the middle...

Pouncer626

Explanation on Chart as Text, this could be preliminary buying based on BTC ETF Potential, with looming halving cycle as well, this short term buy could be a good setup, still, it's gotten dumpy lately as well, watch out out there!

Pouncer626

This should be a long pattern, maybe until February sometime, but still tradeable. Followed by a macro wave 5 up again!

Pouncer626

Dis-uh gunna be messy! Moy Moy! Not actual TA, just chart art for comic relief amongst the stress of trading! Enjoy!