Solana Looking Ready To BLOW UP In October | #Solana #SOL Price Prediction and Analysis 2021

What's up everybody? Welcome back to the Art of Crypto, the birthplace of absolutely legendary gains. In this video, I'm going to do a quick little look at Solana and explain to you why I think Solana is absolutely ready to explode in the month of October as long as it's given a chance, and i.e., that means that Bitcoin cooperates. So if you want to figure out where Solana is going to go. Or figure out the exact level where you know this bullishness will be invalidated, then you're going to want to watch till the end of this video. But right before I get into it, if you haven't already followed me on Twitter at underscore the art of crypto, this is where I'm sharing the latest market updates that I do not share on YouTube due to time constraints. So if you want the latest stuff pretty much in real time, make sure you follow me on Twitter. So immediately, let's take a look at Solana on the four hourly. You can see that. There is absolutely not much going on with Solana right now, given the fact that, you know, it's just been forming lower highs and lower lows. And generally, this is the time when people start to lose interest in Solana. Here is a glimpse of how I like to think of things, which is I like to buy when people are not talking about it, right? I like to buy when it's boring. I like to buy when it's down, right? But, but of course, like, there's levels to this, right? You don't buy something just because it's down. There's conditions to be fulfilled. In order for it to, you know, count. So immediately, I want to bring your attention to this trend line that I'm going to draw right now, and I'm also going to want to bring your attention to this trend line that I'm going to draw on Solana. And you can see that this is what you call a descending channel, or maybe a falling wedge, or maybe you can you can literally draw it in many many ways. But the key, right? The key, the only thing that matters is the fact that this right here is what you call a consolidation pattern. And as you can see. Solana recently tried to break out of this consolidation pattern, and this consolidation pattern right here is the exact reason why I think Solana is going to absolutely do like it's just going to pop off, right? Given the opportunity to do so. So at the moment, you are going to want to mark down this level right here at $139.5, right? You're gonna absolutely want to mark down that level, and in the event that you break through that level, that is when the you know the Solana pump is going to start. Now. This is all very subjective and it depends on Bitcoin. However, in the event that it breaks through this, I would still take this trade. This is a trade that I would take because it's going to break through a short-term high and, you know, the entries are going to be buying the breakout or buying a bullish retest. Now, the reason why you would want to do so is because you could set your stop loss just right below this level, right, right below the swing low, assuming that we go pump right now. So doing so will give you a pretty good, you know, area to get out of the trade in case it gets invalidated, because you know that a breakout is usually supposed to break out. It's not supposed to you know, come back down. And you know, if it does come back down, then you get stopped out with a minimal loss, and that's perfectly fine. Some of the best traders in the world are wrong about half the time, and yet they're still wildly profitable. So it's not about making mistakes, it's about not having every single mistake wipe you out. Okay, so that's going to be a first entry, and I am going to give you the TPs a little bit later on. But for now, I'm going to want to give you the second entry. Now if we just go on to the 12-hourly chart, and if you bring up an 89 EMA, right, this is just an EMA I use, you know, every once in a while. It is pretty good level to, you know, base our trades off of. Historically, you can see that it's acted as pretty strong resistance, and once Solana is above it, it tended to act as strong support. Now, I'm not saying that this is going to be the Holy Grail and Solana is absolutely going to hold this level. That's absolutely not what I'm saying. But we are going to use this level right here at $125-ish, right? Or if you could argue, $124. But for all intents and purposes, let's use $125, and let's see if we can figure out, right, by zooming into a lower time frame, let's figure out if we can spot like why this area is going to be huge for Solana. And you can see that in fact this is a previous high. So in the event that you get a Solana pullback to this level, I actually do not think that this level is going to hold. I do think that this level is going to get broken and Solana is going to come down to about $118 to about $117, right? But for all— just to be safe, let's mark it down as $119. So you could treat this as $120, Right now, the reason why I do not expect this level to hold is because in the event that you are bearish, which means you break through this lower low, right? If you break through this low, think of it this way, right? Right now Solana is sort of forming a range, and if you break through this low, it would have formed a lower low. Makes sense. So in the event that you do break through this low, I expect there to be some liquidity beneath this level. And in fact, if I just zoom out a little bit, you can see that on the VPVR there is sort of a gap. In between this level, right, which is this low, to this, you know, this next level that I marked out for you. So basically what that means is there is a good chance that in the event that you do break below this level, Solana is just going to go wick down to this area of what I would call it an order block, right? If I just mark this down right here, this would be your bullish order block. And this is exactly why bullish order blocks are so powerful, right? Look at what happened when Solana went into this bullish order block. It bounced straight, like immediately. About 30%. And for those of you who say that I do not share this, I did call this, right? I did call this in a video that I made previously, in this video right here, the absolute best prices to get these altcoins. I know that does not seem like a very appealing thumbnail, but such is the nature of these videos, right? But yeah, anyways, I definitely caught Solana in that video, and congratulations to anyone who took the trade. We pretty much caught almost the exact bottom at $120, right? I called it at $120, and we went down just a little bit, just a little bit, and then we bounced 30%. So for those people who took that trade, congratulations. But for now, Solana is still looking good. So let's get back into it. So the reason why you will wick down below here is not just for— not just from the VPVR, but you are getting, you know, liquidity below this level. Imagine if you were going long on Solana. Imagine if you go long somewhere about here. Where would you logically place your stop loss? I would assume somewhere below here, right? And that's something that the market makers and the institutions— they don't— they know this, right? They know where you're putting your stop losses. So it becomes very easy to wick you out, right? You can just dump the price right below this level, stop everyone out before reverting and targeting the liquidity above these 2 levels right here, which I do expect to get targeted sometime or another. So now that you guys understand what is going on with Solana and exactly the levels, right, the first entry is going to be a breakout. The second entry is going to be on a pullback, right? Preferably somewhere to the $120 range. Now, are we going to get there? No. That's why you mark out the level for a breakout, right? In the event that you do break out, I do expect Solana to target this level at $152, right? This is where most of the buy-side liquidity is at, right? Imagine if you were going short on Solana, where would your stop loss be? Somewhere about here, somewhere about here. That's what I would presume. And that is again something the market makers know and they will target, right? As long as you're bullish, right, you always attack the buy-side liquidity. And by buy side liquidity, that's what I mean, right? Buy side liquidity. And you always attack the previous highs because that's where all the liquidity is. So in the event that we are bullish, in the event that we do break out, then the first type like take profit target is going to be at 152. Second is going to be at 169 or maybe 170, right? You could give or take 190 and 215. Now any higher, and I'm going to need to draw a Fib retracement from that swing high over to that swing low over there, and we can figure out any of the higher levels and Right now I'm just going to draw it out and I'm going to mark it down for you guys. Now, am I saying that Solana is going to get there? It might take a while, but you know, presumably yes. So now that I've marked out those higher levels, they are going to be $215, $226, $240, $255, $275, $312, $337— let's call it $370, right? And those are going to be your take profit targets for Solana in the event that you do break out. Now, the, the way you want to use these take profit targets is on the way up you're going to want to take your profit, right? Maybe you secure 25% of the bag here, secure 25% of the bag here, Secure another 25% here and leave the rest as a moonbag, right? That's just a just an example of how to do this. You don't ever want to just let it run without taking any profit, and then it's going to come back down and stop you out at break even, right? That's I I hope that's not what you like. Personally, I'm very fine just taking my profits early because that means that I can cycle my profits back into other coins, and most importantly, it's not your profit until you realize it. And at the moment, if you feel like you have gained some value while watching this video, it would help me so much if you could just drop a like button. It's a small gesture, but. It really, really helps a lot. Now, before I discuss one last thing about Solana, which you guys might want to pay attention to, if you find that, hey, this guy seems to know what he's talking about, or maybe he's just right a lot of the time— and in fact, I am— and maybe you just want to learn how to do this for yourselves, you're going to want to check out the private Discord group. Over here, you're going to get access to a trading education where I lay down everything that I've known over the years. And here is where you are going to figure out what works and discard 90% of the things that don't work. As a bonus, you're going to get access to pretty much daily market updates, like in real time, so that you can make informed investment decisions and never feel like you, you're confused again, right? Not only that, you're gonna get access to not only my sniper trades but profitable trading setups where people are making money literally every single day. Some of these people came in here knowing absolutely nothing about trading, and this is the kind of profits they're making right now. Now, I'm not promising anything, but I do believe that you will pay off this membership pretty, pretty quickly. So if that's something you are interested in, then make sure you check out the link in the description. But for now, let's get back into Solana. And right now we have to bring up Market Cipher. Now I don't know if any of you remember the good old days where I used to talk about Market Cipher, but here it is. Here is Market Cipher back again. So Market Cipher is like one of the indicators that I would recommend people learn because like, while I usually trade without Market Cipher anymore, right? While I usually trade without any indicators other than my volume, Right volume, that's it. And my VPVR, like you cannot argue like that market cipher is a pretty good indicator, and it is one of the only indicators that I would recommend people learn if they were to use any indicator. So if we just bring up market cipher, right, there is one thing that strikes me as you know potentially worrying, right? And that's the fact that money flow has sort of peaked out. That doesn't mean that Solana like that doesn't mean that that will be the end of Solana. It just means that, hey, potentially this next pump that we're going to get might be the last one. Because think of it this way, right? Imagine if you pump, you know, above the previous all-time high and, you know, you go up. Like, basically you're not going to get a higher wave than these 2 anchor waves right there, right? You're not going to get like an anchor wave, like something like that again. So what's going to end up happening is you're going to get a wave that looks something like this, but potentially Solana's price might be higher than the previous all-time high. At this point, I really want you to take your profit, all your profit from Solana, because chances are you're gonna go into a multi-month sort of bearish trend because money flow is going down, right? And then you're forming bearish divergence. And what that means is, as the momentum indicator is showing you that it's going down, but your price is making higher highs, and that is divergence, right? Price is going higher, but momentum is losing steam. So, like, just be aware of that, right? If you do get that, then bam, you wanna take all your profits there, all. At the moment though, the 12-hourly is not looking so pretty. Like we are on the Heikin Ashi right now, so it does indicate that we are going to be going down. However, I'm going to bank this that you know this consolidation pattern that we are forming right now will give Solana one last pump before it loses all its steam. This will likely take a period of one month to play out, and that's why I'm saying that Solana might be looking strong over the month of October. This is going to be a swing trade, and I hope that you guys do hold Solana, you know, for for a couple of weeks at least, right? For it to play out and hit all these profit targets, and. With that said, my friend, may the gains be with you. Imma see you in the Discord group, and peace. Peace.