We have seen a sharp downward movement in BTC ETH SOL. These are corrections and not trends. The trend is upward.
BTC and ETH show a triangle on the daily charts prior to this up-down move. SOL shows a downward diagonal triangle.
Regular triangles often signal the end of a move, or that the end is approaching. Diagonal triangles signal that the higher-order wave is finished, and that that the next move in opposition to their direction will be a trend in the oppositional direction. Diagonal triangles follow the same sets of rules and physics as regular triangles (see my other posts).
I'm long in SOL instead of ETH or BTC: it's growing at a rate greater than its companions. ETH or BTC for shorts.
BTC and ETH show a triangle on the daily charts prior to this up-down move. SOL shows a downward diagonal triangle.
Regular triangles often signal the end of a move, or that the end is approaching. Diagonal triangles signal that the higher-order wave is finished, and that that the next move in opposition to their direction will be a trend in the oppositional direction. Diagonal triangles follow the same sets of rules and physics as regular triangles (see my other posts).
I'm long in SOL instead of ETH or BTC: it's growing at a rate greater than its companions. ETH or BTC for shorts.
