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Mania

SHIBA Has Reached Projected SupportHello Crypto traders, today we want to update our SHIBA chart from April 1st, which is now finally back to the starting point of mania cycle as expected. From Elliott wave perspective, we have been tracking (A)-(B)-(C) correction from all-time highs and wave (C) can be actually already completed, as we see a completed five-wave cycle of the lower degree. From technical point of view, it's trading at ideal support zone at the starting point of mania, but to confirm low/support in place and bullish reversal, we need to see a recovery at least back to 0.000020 area. All the best! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
7
SHIBA Points To Starting Point Of Cycle ManiaHello Crypto traders! Let's talk about memecoin Shiba Inu (SHIBUSD) in which we see very interesting pattern. The book says: Every mania is followed by a decline that ends at the starting point of the advance. SHIBA can be still looking for wave (C) sell-off that can send the price back down to 0.*10 – 0.*05 support zone and beginning of mania cycle, especially if we consider current sideways bearish running triangle pattern in wave (B) that can be approaching the end soon. Be humble and trade smart! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
2
Comparing Tech Bubble to Current BubbleInteresting to observe the 3 very distinct stages of the market bubble cycle. Yellow = "Stealth Phase" where all of the smart money accumulates while everyone else sits in fear of the previous bubble, crash, credit cycle, etc. - Transition to Blue via "take off" clear change in character Blue = "Awareness Phase" where all of the institutional investors accumulate. This phase includes several selloffs that increase in severity, to shake out the weak hands and accumulate at better price. -Transitions to Pink via "Media Attention" - celebrities are born - Dot Com - Jeff Skilling, Ken Lay, Mark Cuban, Larry Ellison, etc. Everything Bubble - Elon, Jeff Bezos, Zuck, DeepF*ckingValue, etc. Pink = "Mania Phase" where the retail army comes to do the heavy lifting for the Blowoff top. Everyone and their mom's cat are in the markets, everyday folk are discussing the hot tech stocks or the new crypto that will take over the world, and celebrities make the final transformation to cult leaders. - Transitions are fast in this stage - the possibilities are endless and the grand delusions capture everyone - Great companies light money on fire in public via M&A, companies use all of the new buzzwords - .com, web.01, internet, web.03, crypto, decentralized, AI, Metaverse, etc. Families sell their children to BTFD. Blow off - Everyone continues to BTFD and cry at the same time all the way until they finally give up in the Yellow stage of the next cycle. Frauds are uncovered in droves but hardly anyone goes to prison.
NASDAQ:QQQ
by Profit_Reaper
2