SHIB LOOKS BEARISH (4H)SHIBA seems to have a bearish structure and move downwards in hourly time frames.
We have falling OF (order flow). Recent internal structures have accumulated LQs (liquidity) and formed a resistance zone.
It is expected that by hitting this resistance zone, we will be rejected towards the lower ranges.
In the lower part, we have a liquidity pool. With this downward structure, the price is expected to move towards this liquidity soon
Closing two 4-hour candles above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
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Shib
SHIB Shiba Inu Trade IdeaShiba Inu (SHIB) has exhibited a sustained downtrend across multiple timeframes. This downward trajectory coincides with increasing strength in the US dollar, as reflected by the DXY currency index. Should the DXY maintain its upward momentum, further depreciation in SHIB prices is a distinct possibility. It is crucial to consider this analysis solely for educational purposes and not as financial advice.
it's time to going up for SHIBUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price: here
Target1: 0.000010219
Target2: 0.000010866
Target3(Final Target): 0.000011544
Stoploss: 0.000009090
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Robinhood's $SHIB Purchase Send Shockwaves Through Crypto MarketPopular American exchange Robinhood has made a bold move by acquiring a staggering 202 billion Shiba Inu ( CRYPTOCAP:SHIB ) tokens in less than 24 hours. This unprecedented buying spree positions Robinhood as the fourth largest custodian of Shiba Inu, trailing behind Binance, Crypto.com, and the mysterious black hole wallet associated with the original Shiba Inu project. The move has not only caught the attention of the crypto community but has also sparked discussions about the potential implications for Shiba Inu's future and the broader cryptocurrency market.
Robinhood's Growing Influence:
The acquisition by Robinhood now means that the platform holds approximately 2% of SHIB's circulating supply. This significant ownership stake raises questions about Robinhood's strategic vision for Shiba Inu and its potential impact on the token's market dynamics. The move is particularly noteworthy as it comes amidst a period of price stagnation for CRYPTOCAP:SHIB , with the token slipping below 1% following a week-long correction in the overall crypto market.
Vitalik Buterin's Legacy and CRYPTOCAP:SHIB 's Circulating Supply:
It's crucial to revisit the project's history, especially Vitalik Buterin's use of the dead wallet address to burn $6.7 billion in Shiba Inu tokens nearly three years ago. This altruistic act, which removed approximately half of CRYPTOCAP:SHIB 's supply from circulation, still resonates on the blockchain, constituting 41.04% of the total supply. The current ownership dynamics, with Robinhood emerging as a major custodian, adds a new layer to Shiba Inu's evolving narrative.
Crypto Whales in Action:
The article further explores other notable transactions within the Shiba Inu ecosystem, shedding light on the actions of crypto entrepreneur Justin Sun. SpotOnChain, a blockchain whale-watching agency, reveals Sun's recent move to cash out 79.334 billion CRYPTOCAP:SHIB tokens from Binance to a decentralized wallet on-chain. This follows his substantial withdrawal of 500 billion CRYPTOCAP:SHIB coins just last month, indicating an intriguing accumulation phase for the crypto billionaire.
Market Reversal and Long-Term Investment Potential:
As the crypto community closely monitors these whale movements, there's a recognition that such actions often precede price trend reversals. Additionally, the article underscores the significance of these moves in assessing the long-term investment potential of Shiba Inu. While some crypto whales accumulate CRYPTOCAP:SHIB in response to positive developments like the acceptance of Bitcoin exchange-traded funds (ETFs), it's essential to note the current negative correlation between Shiba Inu and Bitcoin prices, as highlighted by blockchain data analysis platform IntoTheBlock.
Conclusion:
Robinhood's substantial acquisition of Shiba Inu tokens has injected fresh energy into the Shiba Inu ecosystem, prompting speculation and discussions within the crypto community. The article dives into the historical context, market dynamics, and the actions of key players like Justin Sun, providing readers with a comprehensive understanding of the current state of Shiba Inu and its potential trajectory in the ever-evolving cryptocurrency landscape.
Shiba Inu Burn Rate Soars 400% As $SHIB Price Continues To RallyShiba Inu, an Ethereum-based altcoin, gains significant traction with a 400% upswing in burn rate followed by a price surge.
Shiba Inu, one of the most popular meme coins built atop the Ethereum blockchain, once again echoed a sense of frenzy across the broader crypto market on Friday, following a colossal upswing marked in the token’s burn rate. Notably, according to the data unveiled by Shibburn, a roughly 400% surge in the meme coin’s burn rate sparked immense curiosity among crypto market traders and investors.
Meanwhile, as the burn data surfaced over the crypto horizon amid Shiba Inu’s sustained price rally, additional inferences seem to be birthing for the token.
SHIB’s Burning Saga
As per the data by Shibburn, a platform facilitating SHIB burning insights, the community noted a 395.43% upsurge in the burn rate today, January 12. Furthermore, aligning with this data, a staggering 18.24 million SHIB was incinerated over the past 24 hours.
Coinciding with this, three noteworthy burn transactions appear to be primarily responsible for the aforestated upswing. These transactions collectively incinerated a whopping 16.56 million SHIB out of the total amount burned mentioned above.
Moreover, the total number of coins incinerated from SHIB’s initial supply now amounts to 410.707 trillion, grabbing significant attention globally. However, Shibarium, a layer two blockchain facilitated by Shiba Inu, recorded a notable plunge in its activity. As of writing, the daily transactions on the network totaled 1.86 million, illustrating a notable downfall. This further showcases a considerable step-down for the L2 blockchain, as the daily volume recently recorded over 6 million transactions per day on the network.
However, with the upswing in SHIB burn rate, accompanied by Shiba Inu’s sustained price rally, market sentiments for the token appear to be taking an exciting turn.
Shiba Inu Price Soars
As of writing, the Shiba Inu price has exhibited a considerable surge of 2.70% over the past 24 hours and is currently trading at $0.00001021. Moreover, the token’s weekly chart portrays a 3.69% upsurge, further accompanied by a monthly pump of 5.99%.
Intriguingly, the surge in price also falls in line with the upswing in the CRYPTOCAP:SHIB burn rate. Moreover, the token again ditched a zero from its price recently, garnering additional bullish thoughts among crypto market traders.
SHIB's Market Trend➔ By observing the daily Fibonacci of Shiba, it's possible to predict a potential decline in price down to the 0.236 level, or potentially even to zero on the Fibonacci level. However, considering the overall upward trend in the market, if these specific levels are tested, we anticipate a subsequent increase in Shiba's price.
Shiba Inu Burn Rate Jumps 27510% Shiba Inu, a prominent meme coin, gains phenomenal traction following a burn rate upswing and a whale accumulation.
Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, marked a tempest of strides today following a colossal surge noted by the token’s burn rate. Notably, as per on-chain data unveiled by Shibbrun, a platform facilitating SHIB burning insights, the meme coin’s burn rate surged over 27000%, garnering noteworthy attention among crypto market enthusiasts globally.
Meanwhile, the token also appears to have noted a significant whale accumulation, as per data hovering over the crypto horizon. Simultaneously, Shiba Inu’s market charts portrayed remarkable gains, amassing bullish sentiments for the token.
SHIB Burn & Whale Activity Report
In accordance with the data revealed by Shibburn, the Shiba crypto community noted a phenomenal 27510% upswing in its burn rate over the past 24 hours, with a staggering 9.35 billion SHIB incinerated as of Wednesday, January 10. Furthermore, the total number of coins burnt from the token’s initial supply is now estimated to be 410.70 trillion, fueling additional inferences among crypto market traders. Aligning with this, even the weekly burn rate soared 2278.29% while writing, mirroring the colossal burn.
Meanwhile, amid the aforementioned burning saga, the token jotted down a critical burn transaction, shifting a whopping 9.35 billion CRYPTOCAP:SHIB to a dead wallet. This massive transfer appears to be majorly responsible for the enormous upswing in the CRYPTOCAP:SHIB burn rate, nabbing significant attention globally.
On the other hand, a massive whale accumulation also appears to have piqued the global crypto market’s interest. According to on-chain insights offered by Lookonchain, a fresh whale was registered, accumulating 1.44 trillion SHIB from Binance and Gate.
Concerning this, the address 0xF633Cd…3493Bbac was observed accumulating the previously stated amount in a series of five transactions. Concurrently, the number of coins withdrawn totaled $13.36 million while writing.
In conjunction with this, market sentiments orbiting Shiba Inu are taking an exciting turn. The surge in burn rate, additionally escorted by an increase in on-chain activity, appears to be propelling bullish thoughts on the token.
🔥BNB Will Dump: Everyone Expects It, Right?🤔Binance have not the best year according to the paid media. BTW, this is a largest and most regulated crypto exchange in the world, which have 100% proven reserves backed by BTC, stablecoins etc.
The return of BNB inside the triangle will be a bullish signal. I recommend you to take a look on the Binance Coin weekly candle close.
The targets are on chart.
💥 I think it is too early to bury Binance and BNB. What do you think?
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SHIB: Three Hills & a MountainFindings
I believe I have discovered a Three Hills & a Mountain pattern on the SHIB hourly and daily charts. I recently posted about the same formation on ApeCoin which gives me the impression that certain altcoins are experiencing similar trading activities while Bitcoin consolidates. Bitcoin appears to be on the brink of a correction which could bring us to the 61.8% Fibonacci level where significant buying pressure should occur and begin developing the third hill.
COINBASE:APEUSD Three Hills & a Mountain Publication
Trend Analysis
Both of the proposed hills are of unequal magnitude which is why I do not believe this is a Three Drives pattern. While there was a brief decline beneath the 61.8% level before forming the second hill, the drop was insignificant and stayed in close proximity. On the 1W chart there is a Double Bottom "W" pattern forming which I have detailed in an earlier publication a few weeks ago; the Three Hills and a Mountain supports the W projection as the price target is around 0.000016.
W Pattern Publication
The volume is rising with increasing values and the succeeding hill has increasing volume as well, indicating bullish momentum. Should the pattern keep up I believe we will see a large spike in volume within the first half of the third hill.
COINBASE:SHIBUSD
SHIB Shiba Inu Price Prediction after the BTC ETF approvalIf you haven`t bought SHIB before that big rally:
Then you should know that the price of SHIB Shiba Inu will be affected by the approval of the Bitcoin ETF this week.
Some of the biggest asset managers on the entire planet are going to release a BTC ETF:
Blackrock $9.3 Trillion
Fidelity $4.5 Trillion
Franklin Templeton $1.53 trillion
Invesco $1.5 Trillion.
BlackRock expects Bitcoin ETF approval on Wednesday, in-line with Bloomberg's January 10 deadline.
I expect the approval to a buy the rumor, sell the news event.
Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit.
A retracement in the price of SHIB Shiba Inu, after the news, probably to $0.00000850, would be a buying opportunity for a year-end rally, in my opinion.
If Litecoin Is An Indicator Of Whats To Come Then BTC to $20kLitecoin usually front runs Bitcoin in history. In the last bottom for Bitcoin back in 2018 you can see Litecoins bottom till when it started to move up again only lasted 82 days and was much shorter than bitcoins bottom which lasted 136 till Bitcoin started to go back up. Thats 60 days Litecoin front ran the next move in Bitcoin. Now look at this current bottom, Litecoin capitulated and bottomed in June 11, 2022. By then we thought Bitcoins bottom was in and it wasnt. Bitcoin capitulated and bottomed November 11, 2022, that 5 months after Litecoin did. Then while Bitcoin consolidated around the 15k mark for 2 months Litecoin started going up and by the time Bitcoin ended its consolidation at the 15k level and started going up, Litecoin was already up 125%. Bitcoin ended its most recent correction after 56 days back in October. Litecoin is still in the correction/consolidation phase now and its been 136 days. Its just taking longer just like Bitcoin took longer than Litecoin the last bull run. Litecoin is very close to a massive move up. If we were to assume it takes as long as Bitcoin took in the previous example then 5 months after would be in 14 days. Litecoin could be bearish for 2 more weeks in that scenario, but the Litecoin parabolic bull run is coming there is no question in my mind about that. Both of these cryptos are sitting on major multi year resistance. Nothing catastrophic has happened. This is just a range we are trading in. Also there is a possibility Litecoin is front running and Bitcoin slams back down to 20k again to touch its trendline like Litecoin just did. I dont know if this is what will happen or if Litecoin is just taking longer in consolidation like bitcoin took longer by 5 months the last time.
Not financial advice.
If Litecoin Is An Indicator Of Whats To Come Then BTC to $20kLitecoin usually front runs Bitcoin in history. In the last bottom for Bitcoin back in 2018 you can see Litecoins bottom till when it started to move up again only lasted 82 days and was much shorter than bitcoins bottom which lasted 136 till Bitcoin started to go back up. Thats 60 days Litecoin front ran the next move in Bitcoin. Now look at this current bottom, Litecoin capitulated and bottomed in June 11, 2022. By then we thought Bitcoins bottom was in and it wasnt. Bitcoin capitulated and bottomed November 11, 2022, that 5 months after Litecoin did. Then while Bitcoin consolidated around the 15k mark for 2 months Litecoin started going up and by the time Bitcoin ended its consolidation at the 15k level and started going up, Litecoin was already up 125%. Bitcoin ended its most recent correction after 56 days back in October. Litecoin is still in the correction/consolidation phase now and its been 136 days. Its just taking longer just like Bitcoin took longer than Litecoin the last bull run. Litecoin is very close to a massive move up. If we were to assume it takes as long as Bitcoin took in the previous example then 5 months after would be in 14 days. Litecoin could be bearish for 2 more weeks in that scenario, but the Litecoin parabolic bull run is coming there is no question in my mind about that. Both of these cryptos are sitting on major multi year resistance. Nothing catastrophic has happened. This is just a range we are trading in. Also there is a possibility Litecoin is front running and Bitcoin slams back down to 20k again to touch its trendline like Litecoin just did. I dont know if this is what will happen or if Litecoin is just taking longer in consolidation like bitcoin took longer by 5 months the last time.
Not financial advice.
Litecoin and Bitcoin Move Together But Play Leap Frog For everyone scared of the price Litecoin is at just look at these charts. I am simply comparing Litcoin price movement to Bitcoin price movement. In the last bottom for Bitcoin back in 2018 you can see Litecoins bottom till when it started to move up again only lasted 82 days and was much shorter than bitcoins bottom which lasted 136 till Bitcoin started to go back up. Thats 60 days Litecoin front ran the next move in Bitcoin. Now look at this current bottom, Litecoin capitulated and bottomed in June 11, 2022. By then we thought Bitcoins bottom was in and it wasnt. Bitcoin capitulated and bottomed November 11, 2022, that 5 months after Litecoin did. Then while Bitcoin consolidated around the 15k mark for 2 months Litecoin started going up and by the time Bitcoin ended its consolidation at the 15k level and started going up, Litecoin was already up 125%. Bitcoin ended its most recent correction after 56 days back in October. Litecoin is still in the correction/consolidation phase now and its been 136 days. Its just taking longer just like Bitcoin took longer than Litecoin the last bull run. Litecoin is very close to a massive move up. If we were to assume it takes as long as Bitcoin took in the previous example then 5 months after would be in 14 days. Litecoin could be bearish for 2 more weeks in that scenario, but the Litecoin parabolic bull run is coming there is no question in my mind about that. Both of these cryptos are sitting on major multi year resistance. Nothing catastrophic has happened. This is just a range we are trading in. Also there is a possibility Litecoin is front running and Bitcoin slams back down to 20k again to touch its trendline like Litecoin just did, damn good possibility and then while Bitcoin consolidates Litecoin could start its parabolic rally. Litecoin could move up in that scenario too like it did in 2018. Dont get shaken out, its just the impatient who are freaking out. Litecoin isnt going anywhere. Its the most used chain, its not dead by any means, just the price is not reflecting it at the moment, the price will rise to meet Litecoins value, its inevitable. Smart money invests in Bitcoin and Litecoin, Children invest in Doge and Shib.
Not financial advice
🔥DODO Is The Most Promising Lowcap on Binance❗️ Check it❗️DODO is consolidating above channel bottom. The closest targets are channel top, local highs and $0.65 key level.
💥will DODO update ATH? 100x is not something special at a bull market for an altcoin with a FWB:48M cap. But we need to take a closer look on Binance at all. The exhange is under regulator presure and DODO is a part of it's ecosystem.
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📈Albroks setup😁
📊 (Entry) : buy = 1059
🔴 Stop Loss : 1031
🎯 Take Profit : 1088-1122
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Potential DeclineThe price of SHIB has been in a trading range since January 13th and recently formed an ascending channel.
If bearish patterns emerge, a decline is expected, likely reaching the 0.5 Fibonacci retracement level. A further drop below this level could lead the price down to the trading range's lower boundary.
This analysis is for informational purposes only and should not be considered as financial advice.
SOLANA usdt - Weekly🔵 #SOL usdt
⏰ 1W
📅 Dec / 25 / 2023
⚪ As you can see, Solana after it managed to stabilize above $30, it entered an uptrend.
If it stabilizes above $144, the price can reach the orange box.
Support levels are shown in the chart, if reversals the trend.
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📛 Follow the market trend and decide to buy or sell.
⚠️ (This isn't a signal for buy or sell) ⚠️
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👸 Analyzed by : Parisa_Alipoor
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SOLANA SOL USDT Another Major Outage Means Hard To Trust SOL SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point after doing more fundamental analysis on Solana, I believe Solana is extremely overvalued and being propped up artificially. I think that because of the outages and the problems it has that a revaluation is coming soon for Solana. I hat to say it also but Solana has also formed a major head and shoulders, and a measured move of the head and shoulders would be around $4 yikes. I think that $4 is all Solana is actually worth at the moment. Also another big deal is that SOL has been trading in this ascending broadening wedge pattern and has technically broken below the bottom support line. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. If SOL fails to break back above and back into the broadening wedge then I think a swift move down is to follow. Be very cautious with this one, Ive seen many like Solana over the years and I feel like the hype is dying for this project and a major dump is coming from big bag holders. Once the selling starts itll be almost as fast as Luna. Once people realize how important it is for a project to have 100% uptime then Solana will be revalued to its true worth. Solana does not belong in the top 100 in my opinion let alone the top 10.
SHIB/USDT In the crucial area, Could SHIB Breakout or Rejected ?💎 SHIB, a notable player in the market, is currently advancing towards a critical supply area. Recently, SHIB faced a strong rejection at this juncture. For continued upward momentum, SHIB needs to break through this supply area. A confirmed breakout, probability could set the stage for SHIB to progress towards our identified strong resistance area.
💎 However, should SHIB struggle to breach this resistance and instead consolidate at this level over the next few days, it might face another rejection. Such a development could lead SHIB to retreat towards the support level at $0.00092.
💎 The support area at $0.00092 plays a pivotal role in SHIB's trajectory. A robust bounce from this level is necessary for SHIB to attempt another breakout of the supply area. Failure to sustain and rebound from this support could indicate weakening buyer momentum, raising the possibility of losing this support level. If SHIB breaks below this support, it could be directed towards the lower bullish OB area.