In today’s Trading Video, our CEO, Richard Fetyko, demostrates how to do a technical analysis of Bitcoin (BTC) and Solana (SOL).

We had removed BTC and SOL from our list of HOT trade setups as prices were approaching our near-term targets of $72K and $200, respectively.

So what’s next? Where should we enter trades again?

altFINS is an ideal place for traders to learn to perform TA and where traders can find trading ideas.

You can find 65 such trade setups in our Technical Analysis section, which include target price and stop loss levels.

BTC (Bitcoin) Technical Analysis

Source: altFINS

BTC Trade Setup: Price broke back above 200-day MA (~$58.7K) and above $60K key level, which signaled resumption of uptrend, and is now approaching our near-term target of $72K.

Now we look for another entry opportunity in Uptrend. We wait for price to either 1) break above $72K to signal continuation of uptrend, with +10% upside potential to $79K next, or 2) pull back near $60K support for another swing trade entry in Uptrend with 20% upside potential back to $72K.

SOL (Solana) Technical Analysis

Source: altFINS

SOL Trade Setup: Bullish breakout from Descending Triangle and above $160 resistance signaled resumption of Uptrend. Price is now approaching our near-term target of $200 resistance (+15% gain), where it got rejected a couple of times recently.

Now we look for another entry opportunity in Uptrend. We wait for price to either 1) break above $200 to signal continuation of uptrend with +30% upside to ATH of $260, or 2) pull back near $160 support for another swing trade entry in Uptrend with +22% upside potential back to $200. Stop Loss at $154.

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