Analysis of SOL wave 3 continuation pattern from previous bull rally to the current.
It shows strong similarities, and it opens our minds to whats possible and realize that longing this pattern breakout with BTC near a top might not be such a good idea. Atleast a big position on leverage.
It will be interesting to see if this candle confirms and if SOL manages to dump to the bottom of the pattern on a BTC downleg.
Historical patterns are not guaranteed to repeat themselves. But it always find it very interesting to see how it played out.
The main difference so far is that SOL hasn't made a double top/higher high on the breakout move yet. If it does hold the breakout, ill update this post with my SOL bull chart.
It shows strong similarities, and it opens our minds to whats possible and realize that longing this pattern breakout with BTC near a top might not be such a good idea. Atleast a big position on leverage.
It will be interesting to see if this candle confirms and if SOL manages to dump to the bottom of the pattern on a BTC downleg.
Historical patterns are not guaranteed to repeat themselves. But it always find it very interesting to see how it played out.
The main difference so far is that SOL hasn't made a double top/higher high on the breakout move yet. If it does hold the breakout, ill update this post with my SOL bull chart.