On the above 2-day chart price action has rallied 23000% in the last 18 months since the buy signal. Yes 1 Bitcoin becomes 90 Bitcoin . Amazing. A number of reasons now exist to be short, including:

1) The ‘incredible sell’ signal around $200. I recall seeing it but never published before now.

2) Broken market structure.

3) Everything said above is also true for the BTC pair (below). Therefore, no, Bitcoin does not need to crash to $3k for Solana to drop to $5k.

4) The number of trading view ideas that are long is well over 90%. Sigh.

5) Why $5? That’s for me to know. Let’s just say it was the same approach that allowed me to call ADA to 80 cents from $3 and ADA to 50 cents from $1.30.

Is it possible price action starts a new uptrend? For sure.

Is it probable? What after a 23000% rally? A big fat no. Yes it might 2x from current levels but it’s printing lower highs, it is in downtrend.

Start your short positions from market structure @ $80 to $90 area. Trade if void if price action breaks the last high @ $130 and prints support.

Good luck!

WW

2-day BTC pair