Shiba
Shiba Inu (It Is All Done For Your Entertainment)Even though my first reaction was like, "Leave me alone I am trying to work...", I still like to make people happy.
So someone asked for me to read the chart for SHIBUSDT (Shiba Inu), they want to know what I see.
Ok... That's fine my with me.
It will be my pleasure.
I hope you enjoy the content.
Let's get started!
The #1 is the initial phase.
Here we have a strong consolidation phase that lead to a major bullish wave.
The #2 is the second phase.
We are having another consolidation phase before the next bullish wave.
It is that simple, we have higher lows long-term.
Higher lows lead to higher highs.
This person that is asking is very likely getting paid...
But they won't pay me, they want it for free...
And they won't even support me when I hit publish... That's how it works, they ask, ask, ask, ask, ask and ask... Receive but in return show no support.
That's fine.
I am not doing it for money.
I am doing it because someone, somewhere, can benefit from these posts.
Namaste.
P.S. It is supposed to be funny even if it sounds harsh.
What is happening and what is going to happen
The table shows that the trading behavior of cryptocurrency whales is, in general, heterogeneous. As a result, it can be difficult to interpret big players' behaviour.
Appendix:
Whales:
1- Institutions: money centre banks, hedge funds, Grayscale, Tesla ...
2- Exchanges: (6.7% of Bitcoin in circulation was held on exchange wallets),
3- Individuals: Elon Musk (Dogecoin- BTC- ETH- ETC).
4- Satoshi Nakamoto: first 1.8 million or so BTC first created, have never been spent.
Shiba daily swings the white channel was the daily up trend channel, after reaching the the ath in the channel price drops to the first correction point. correction will happen to the level which the 0.618 Fibo projection level shows end of the down trend in red channel. time and price are exactly showing the same point. this is a an original method for analyzing market movement.