SOLANA: SOL HOLDERS ARE F***** ACCORDING TO THIS CHART!!!!!!! Crypto + BTC Analysis

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Salana has very much defied the odds and went from ridiculous lows down at like $20 even lower than that more than 10 times higher toward $125 and the question now is how much higher can this thing go are we looking at a massive retracement down or is this

Thing going to be able to rock it up toward its all-time high because one of the key things to actually keep in mind for the salana chart if we take a look at it on a very long-term perspective now is on an on an exponential level

We’re not at that far away from Solana’s alltime High you know one of the key things that I think people really tend to miss with markets like this and unfortunately I’m just a guy that tells you uh what’s going on like it’s real uh you know the biggest money is always

Made if you’ve got the biggest balls yeah that’s pretty obvious and uh you know I mean if you look at and we can actually throw this on the logarithmic it’ll be so obvious if you look at the lows that salana set you know since the very very very beginning of this year up

To the highs salana managed to rise up by 1300% okay so that’s a 14 times game that’s a one 14 times game and uh and that’s absolutely huge but the difference between its current price now and its all-time high is 124% so that’s a 2.2 times gain uh much smaller right

And that’s the thing is the majority of the money has already been made now and this is where the atmosphere really thickens this is another thing that’s really important you see salana was able to Rocket past this price level right here sitting at about $40 to $45 right

Up to this one over here sitting at about $80 because on the way up and on the way down and these were the only two instances of price history salana ever had in this price range there was no resistance that salana formed on the way

Up and there was no support on the way down take a look at this a little bit closer and I’m actually going to go ahead and change this because I don’t want the uh Arrow here because it gets a little bit confusing you know if we take

A zoomed in look at what’s actually going on over here uh this is a really really important thing to take into account now on the way up on the daily time frame here no chance at all for the Bears to sell any salana and see the

Price drop down there was a very very small drop here there was some support that we found back in 2022 but then on the way down it was just a straight leg down right and these are the best ranges to trade in by far in any Market it’s

The number one thing that I teach about it’s the number one thing that I aim to trade and it’s one of the key reasons that I was able to pull off the massive profits I’ve made in this market throughout the course of 2023 is because I’m always going for these kind of

Setups they’re always the ones that make me the most money here’s a 1000% profit that I made on bitcoin going long at 21k very very similar idea uh obviously super super cool pull over 200k right there uh another trade on link following similar principles and another trade on

Tron following similar principles all of them in really really nice profit numbers but the thing about salana now is we could be seeing some more really big opportunities maybe even to the downside I want to discuss discuss them with you as we continue on in this video

But the first key thing I want to highlight before we continue is bit is offering you a free $500 position on salani you can either go long or short using the link that I’ve put in the description for you guys down below uh where you are going to get a completely

Free position so your choice you yolo that whichever direction you want to throw it in uh but you are going to get a free $500 position with buyit if you sign up and start trading using my link down below uh along Ong with all the other super super cool opportunities

That are available to you guys uh with the links in the description down below you’ve got over 190k and bonuses super super cool coin W and Bing X are great no kyc alternatives to buy bit uh and coin W will also give you free money to

Trade any coin you like and you don’t even need to deposit anything you just need to open a Futures account using my link and you’re going to be able to trade these things so definitely check them out if you like the idea of all of

This free cash by the way that free $50 uh you can get the same $500 position on Solana you just leverage this up by by 10x and and you’ve got the same you know the same offer that byet is giving you so super super cool well worth checking

Them both out especially with uh you know the the coin W offer because you don’t even need to make a deposit or a kyc so really really cool indeed over there now if we do come back to the salana chart and talk about where these opportunities might be we can first of

All see that it was a relatively easy ride up for saana it did take a little bit of time for days up compared to you know previously it only took about 13 right so it did get a little bit slower but on the whole I mean there was no

Retracement soana just paused a little bit and then continued and then paused a little bit and we’re in one of these you know potential pausing phases right now which is where things are starting to get very very interesting because again like I said the the atmosphere has potentially started to thicken up here

This is really important we can actually visualize this very clearly if we look at things like the vpvr because it helps us see where volume is exchanged on the chart and you know admittedly it’s not the best display because there’s so much volume down here compared to the volume

Up here but one of the ways we can actually work around that is by throwing on the fixed range volume profile which is a tool on trading view that allows you to look at the same thing but within a fixed range not for the entire chart

And you can really start to see that there are some key areas on this price uh on this price chart here that really stick out where a lot of volume is traded we didn’t quite hit this one up here at about 135 dollars uh you know but there are some other important

Levels that we can definitely start to pay attention to here is another one sitting at about 160 absolutely beautiful here is another one that we’ve already passed sitting at about 115 that we are more or less at right now uh you know these are some key areas

From the price history before that you can start to see we’ve got some reversal action taking place some consolidation uh you know there’s clear consolidation and reversal price action happening over here and of course at this price range as well specifically with this nice big rejection over here

Uh you know these are problem areas for Solana and the thing that a lot of people are going to start to miss now is that we didn’t have problem areas for sana’s price chart over the last few months we didn’t have them because we were entering one of those big gaps

Where you know it’s like I said there was no support on the way down and no resistance on the way up so naturally you can’t really expect to have a problem the next time you enter that range this is where you start to expect to have problems how many boxes like

These can I draw in this range right precisely zero and that’s why we’re seeing such a quick easy ride up for salana I don’t know if I can be super positive that it’s the same thing now and a big part of that is because my overriding overarching theory for this

Market over the last days and weeks is that we have reached a potential top Zone uh you know it’s something that I’ve been saying going massively against the herd which is completely standard and normal for me I’m not pulling massive profits like this that most people will never see in their entire

Lives by agreeing with everybody and by finding uh you know a sense of camaraderie with a bunch of idiots that are part of the 90 B 90% that lose their money uh you know getting around in circles jacking each other off to the same price predictions and getting super happy that we’re all

In agreement and we’re in a community no I’m not that kind of guy and so that’s completely natural to me to be massively against the herd in this way but if we take a look at crucial metrics like the forli dashboard right here and by the way we’ve now got the Haring

Right here on the four flights dashboard so that’s really exciting uh you know we have got a very high rating uh rating on the fear and greed index for some reason the uh long and short isn’t displaying right now so let’s go ahead and take a

Look at this on uh binance real quick to look at the binance long and short ratio um you know and this is all very very telling information especially things like the fear and greed index to show is that you know the market is still very very bullish right now in terms of

Sentiment and so on uh at a time where perhaps it might not make the most sense now let’s go ahead and look at this uh for retail Traders and where are we at right now we’re still majority long 53% of positions uh 53% of accounts are long

Uh you know which makes 1.14 Longs for every short right now on binance so uh you know I mean we’re majority bullish right now both through sentiment and through actual positions at a potential Market top and it’s not a surprising Market top you know and this is the

Reason that I think the salana analysis is so important it’s not the kind of thing you want to hear and quite frankly that doesn’t matter to me if the markets are looking like they’re at macro areas of resistance when they’ve already risen up by a massive amount without a single

Pullback guys since this 25k level where everybody and their grandmothers were in their pants Bitcoin managed to rise up by 78% and it did so up to its high within only 84 days and without a single retracement the biggest retracement that we had was either this

Or this right here here uh and they were both tiny I mean if we measure them from high to low this was a 7% drop and from high to low this was a 10% drop I mean they’re really not big retracements for a coin that’s actually quite customed to

Pulling off a 30 40% drop and it would be irresponsible to look at a coin like salana without taking this context in your uh in your mind as well because otherwise you’d be completely misguided so you know with that in mind there is potentially some really interesting

Plays to come with salana you know you could say that the easiest money has been made but it was ridiculously easy it doesn’t mean the next bit of cash that can be made is too difficult either uh you know and it’s all about zooming in and looking at these key price levels

Now this level right here this $102 level I think is one of the uh very important ones right here the reason I’m saying that is if we stretch this back and we really examine what happened back in 2022 uh this was where a lot of reversals actually took place for salana

We can actually go ahead and replay the chart and zoom in onto a much more intimate time frame let’s take a look at this here on the on the 4our time frame and let’s see what we’re working with uh you know again we’re just focusing on this yellow I’m sorry this Orange Box

Right here maybe even push this up a little bit right doesn’t really matter uh you know we are starting to see some very very very clear reversal price action in this range and it’s actually quite close to where we are right now because right now we’re trading

Somewhere at around this price range so some really interesting support that we’re about to reach and one of the key levels that this actually lines up with is Bitcoins $40,000 level uh you know if salana were to drop down by you know another 10% or so uh you know the equivalent drop down

For Bitcoin uh which would be about 5% would put Bitcoin back at the 40K level now why am I saying 10% for salana but 5% for Bitcoin well quite simply uh you know altcoins are going to drop a little bit harder than Bitcoin generally speaking doesn’t always happen that way

And right now bitcoin’s dominance is falling so it doesn’t have to go that way but generally when things get a little bit more red when things get a little bit scary when prices start dropping we see altcoins drop harder than Bitcoin and it makes a lot of sense

Why I don’t really want to go into it that’s pretty obvious you know just smaller markets will react more aggressively to anything whether it’s bullish or bearish so uh you know 10% down for salana 5% down for uh you know Bitcoin to me would make a lot of sense

At this stage in the market and it’s definitely one of the things that uh you know would would line up very nicely because if you’re interested in seeing you know a $100 psychological bounce zone for salana uh well then it’s going to be quite reassuring to see that that

Does line up with such an important price level for Bitcoin as well uh now if that $102 level does not hold and we actually end up dropping significantly lower than that uh you know that’s where things could get much more exciting because the next key level and really

The most important one that I’m seeing for salana is going to be this $85 area right here this is the big bounce zone this is when salana first starting setting alltime highs and it just rocketed above this $45 level uh you know this is exactly where salana

Managed to pull back it was precisely here in this $80 range when salana crashed down in 2021 2022 uh beginning of 2022 when the markets just really started to tank this was where the bounces stopped and they didn’t stop in a lightwe I mean this was a 50% reaction

Rally followed by a 40% reaction rally followed by a an 85% reaction rally I mean absolutely huge bounces coming off this price level and this is the Best Buy area I am seeing for salana on this chart I’m actually curious to see bam there we go daily EMA ribbon one of the

Most reliable indicators I’ve ever used in my trading career uh you know also 100% reliable over these last months has also been very very useful and lines up with that $80 level perfectly if we’re going to get a bigger drop and what would this line up for to for Bitcoin

Probably like 36k uh you know so it actually it lines up really well and it definitely looks like something salana could end up working with now on the flip side of this if you’re more bullish then one of the things you’re going to be considering is that you know maybe

Salana isn’t going to get such a deep such a um you know uh yeah deep pullback uh and instead it’s going to do what it’s already been doing which is that when Solana is going to be gearing up for another rally upward it’s not going to do that by dropping down it’s going

To do that by either trading upwards slowly or just trading sideways right and that’s one of the key things we’ve already seen in this market and it’s one of the first things I told you about earlier on in this video when Solano was trending up really nicely on this

Occasion here it just traded sideways and then it blew up on this occasion here it traded upwards slowly or you could say sideways again doesn’t really matter and then it continued to blow up so you know right now if we’re going to be doing something like that again we’re

Probably quite early in that and by the way we already did it just a couple of days ago right I mean what was this yeah this was yesterday my bad the Christmas pumps uh you know absolutely beautiful by the way merry Christmas happy holidays to all of you that are

Celebrating uh during this season uh you know we did see some very very clear uh you know nice upward price action followed by pausing and then another continuation up so you know don’t get me wrong this is a you know this is a strong train right now this is not the

Kind of thing to jump in front of and you know try and snipe and and and you know take advantage of I did have a trade out line on Solano where I wanted to go short and I ended up closing it very close to break even I think like 4%

Loss something super tiny uh because I I was in the position and I was like you know what this thing is way too strong I don’t want to be in uh you know and I’m glad that I was able to get out uh you know and at the same time being

Able to trade these markets with this free cash is you know something that puts you in a really powerful position right now because you have all of the upside available to you you can withdraw the profits that you make with this free money money and none of the downside you

Only have to uh meet these conditions that are honestly quite easy to meet anyway and those of you that don’t want to use bybit for whatever reason you’ve also got coin W as a brilliant alternative uh which you get the exact same offer with and you can actually put

That free $50 into anything you like so it doesn’t have to be salana you can leverage it any way you like super super cool you don’t even need to make a deposit so check it out it’s a beautiful no kyc exchange great flexibility I’ve actually met the founder out here in the

Uh super super cool well worth taken advantage of and then again back to salana if we are looking at that next rise up coming without you know a particularly deep pullback uh well then you know I mean yeah sideways or whatever the it wants to do but the

Next key level is going to be for me uh you know that $140 $135 area where we saw a lot more macro resistance uh previously right I mean this is where again we saw some really nice bounces coming in the market take a look at this one right here obviously this bounce was

What actually triggered the alltime high and the price nearly doubled off that one so that was cool this was also where we stopped uh falling down back here in very early 2022 and it’s also where that deadcat bounce that reaction rally happened as well uh this was when Bitcoin hit

$48,000 so um definitely a very very important level and it would be that next key area which honestly wouldn’t be such a bad short position in my opinion I mean you know that would be a very interesting place to start looking at some shorts on salana as well so again

With a ton of free cash to you know trade those things it’s just zero risk and all of the upside available which is super cool and good high probability setup there I think you know I mean it would be only problem is you can’t really set a stop loss particularly

Easily that that would kind of you know be holding me back but I mean nothing would be holding me back if I’d be trading for free uh because I’d be using someone else’s money so it wouldn’t even matter but um yeah and guys take you I mean you know these are big companies

You know Buy it coin W you know look don’t get me wrong I love these guys but take their money guys I mean you know they they’ve got it they’re giving it to you they want your business and they’re willing to spend a lot of money

To get it so take advantage of these offers they are super super cool um you know and and so that would be that next kind of crucial area for me otherwise I would be looking to see some nice deeper drops I do think that overall these

Markets are due for a correction I think that uh you know bitcoin’s dominance has fallen in such a way where and by the way very interesting chart here I saw this on Twitter I can’t remember who it was but if you uh if you guys in the

Comments know then please do let me know um what is the is the line I mean you can kind of see where I’m going with this but we’re looking at something a little bit like this yeah this was it uh you know really nice how long was this

Like 100 day uptrend right uh or a 300 day uptrend yeah like a a 400 day uptrend uh 390 days and a nice drop below that uptrend line right now if we zoom out onto the weekly time frame it’s going to look a little bit cleaner and

One of the reasons I really like this is because it first of all shows you how aggressive this rise up has been for Bitcoin I mean you know this is what like a you know proper like 45 degree angle a little bit more potentially and

Uh and at the same time uh we are now seeing Bitcoin losing a lot of dominance to me this is a very very clear deviation and it’s especially clear because this is a crucial bounce zone for bitcoin’s dominance uh you know according to price history so um you

Know I think that this little altcoin season that we’ve SE seen for December has been absolutely spectacular but please do keep in mind that it’s very easy to spin bearish narratives all it takes is a couple news articles all it takes is something that’s disappointing

I do know that there’s of course the ETF on the way and whether that gets approved or not is uh is is still you know I mean a lot of people going to act like this is certain and you know generally when it’s so obvious uh with something government related it it does

End up going that way uh you know especially in my experience but it’s still not set in stone so you could still say that that’s Up For Debate and really anything else I mean the narratives in January are very funny uh you know it’s like well everyone’s liquidating crypto for taxation now in

January or you know whatever December is the fun month but but January is where things get a little bit more sour uh you know and given how high everything has risen and given how bullish everybody still is uh you know look I’m not saying that the bull market is over that this

Uptrend is over I don’t I don’t think it is I’m still long so you know I’m putting my money where my mouth is uh you know and at the same time I definitely think that we’re starting to see one of these positions now where we’re a little bit too bullish a little

Bit too high uh and this Bitcoin dominance chart really tells me everything you know if we know that do if we know that deviations are uh the love language of Bitcoin uh then um uh then then you know I mean to to expect that that kind of thing happens on

Bitcoin’s dominance chart is not too farfetched as well so if this thing takes another search upward uh you know that would probably imply number one that Bitcoin goes up very aggressively and leaves altcoins behind or number two Bitcoin drops very aggressively and people get very scared of holding

Altcoins usually uh in situations like this I would expect number two not number one uh we already saw number one that’s why Bitcoin went up in dominance so much and by the way I mean all of these gains you’ve been seeing in the altcoin market it just like literally

All came from these two little drops so I mean you know if bitcoin’s dominance climbs up here and then drops back down forget about it mate like that is generational money um that you’ll be standing to make right there and you best believe I’m going to be there with

You telling you what I plan on doing in this market as well as things develop so thank you all for your support on this YouTube video a dedicated salana video something we haven’t done in a very very long time if you have enjoyed it do me a

Favor and smash up the likes and tell me that you loved it in the comment section down below make sure you are subscribed and you’ve checked the Bell icon so that you don’t miss out on uh any of the content that I’m putting out which is

Very very time sensitive I have to go my phone is blowing up I will see you guys in my next video on bitcoin later on today so you know what to do to stay tuned for that and I’ll see you all in the next one cheers bye