"Trader's View" - eBook by Zeppelin pinned «Happy New Years and here's to 2026, 🥂 through all the trials and tribulations, we're here for eternal prosperity.»
Here's some $SOL TA for the road.
We begin tracking it harder starting this month.
Last year we were on a roll, and the lowest we hit since that post was about $117, super close to our first lower target at $112.
https://x.com/ZeppelinOG/status/1991774551340908938
We begin tracking it harder starting this month.
Last year we were on a roll, and the lowest we hit since that post was about $117, super close to our first lower target at $112.
https://x.com/ZeppelinOG/status/1991774551340908938
Current price action on $SOL after a resistance test over an hourly HH.
Looking for support tests for a determination of a true uptrend - otherwise, we'll be breaking lower to continue a daily bearish sentiment near a confirmed demand zone.
Looking for support tests for a determination of a true uptrend - otherwise, we'll be breaking lower to continue a daily bearish sentiment near a confirmed demand zone.
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"Trader's View" - eBook by Zeppelin
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Ironically, we have a bullish trend on lower timeframes (15min and lower), while overall sentiment on higher timeframes (like 2hr and above) reads bearish.
Here's the 5minute TF of that same bullish trend, where you can see continuation supports are being held, and while we generally want these in a bulltrend along with a bullish sentiment, we're looking to see if the overall sentiment is bearish first.
There's some relative info for a possible liquidation downwards if these HH's keep testing the same recent HH's (indicated as Equal Highs), which eventually becomes strong resistance.
Here's the 5minute TF of that same bullish trend, where you can see continuation supports are being held, and while we generally want these in a bulltrend along with a bullish sentiment, we're looking to see if the overall sentiment is bearish first.
There's some relative info for a possible liquidation downwards if these HH's keep testing the same recent HH's (indicated as Equal Highs), which eventually becomes strong resistance.
I see hardly any large price action indicating a confirmed bulltrend reversal, at least not yet (which would read as retail traders driving up price for any reason), and this can be taken as liquidity for the next strong retest of resistance.
I don't usually short markets, and $135 would be the nearest HH to break to continue further upwards anyway, so I'll wait for that to happen first before I go for any longs now.
If it reads bearish for me on higher timeframes, while the lower timeframe show bullish, I take it as impulsive price action and the correction would be the liquidation afterwards - that's confirmation of an overall bearish sentiment (in my opinion at least).
I try to avoid longing supports in an overall bearish sentiment, unless there's confirmation of a complete reversal on the higher timeframes for a true bulltrend + bullish sentiment. They have to align entirely so it's less noise and better understanding for reasoning.
I don't usually short markets, and $135 would be the nearest HH to break to continue further upwards anyway, so I'll wait for that to happen first before I go for any longs now.
If it reads bearish for me on higher timeframes, while the lower timeframe show bullish, I take it as impulsive price action and the correction would be the liquidation afterwards - that's confirmation of an overall bearish sentiment (in my opinion at least).
I try to avoid longing supports in an overall bearish sentiment, unless there's confirmation of a complete reversal on the higher timeframes for a true bulltrend + bullish sentiment. They have to align entirely so it's less noise and better understanding for reasoning.
"LL, then HL, and then another LL is a strong indication of a future price retest - often read as odd price action since the entire sentiment was bearish and meaning at one point there was an impulsive price action during the sentiment."
A true bearish confirmation would be a continuation of LL's and LH's, while HH's and HL's beginning in the demand zone can be confirmation of a complete reversal, be keen to how the future HL's are broken - this can create LL's and show a false bulltrend which would be on the lower timeframe.
A true bearish confirmation would be a continuation of LL's and LH's, while HH's and HL's beginning in the demand zone can be confirmation of a complete reversal, be keen to how the future HL's are broken - this can create LL's and show a false bulltrend which would be on the lower timeframe.
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This entire movement since December 22nd within that current demand zone is about 13 days of impulsive liquidity that is setting up for proper price action as a corrective move.
I'll be watching closely for 9AM openings for the rest of the week to see if we break above $137 or below $133.
Breaking below $133 should confirm the overrall sentiment, shifting into bearish for the lower timeframe trend to create more LL's on the higher timeframe sentiment, which we can see below $119.
Breaking above $137 with a retest for HL's may be a confirmation of a complete reversal for the sentiment to shift bullish going into January, which can head as high as $144 in the upcoming days/weeks, and we'll see HH's to a true bullish sentiment after breaking $173.
I'll be watching closely for 9AM openings for the rest of the week to see if we break above $137 or below $133.
Breaking below $133 should confirm the overrall sentiment, shifting into bearish for the lower timeframe trend to create more LL's on the higher timeframe sentiment, which we can see below $119.
Breaking above $137 with a retest for HL's may be a confirmation of a complete reversal for the sentiment to shift bullish going into January, which can head as high as $144 in the upcoming days/weeks, and we'll see HH's to a true bullish sentiment after breaking $173.
Where the white whales are, the white fish also belong.
Just little fish, in a big pond.
Just little fish, in a big pond.