Shibashort
Don't be to greedy and take some profits.Folks,
When looking more closely on the 15 min chart we see a rising wedge pattern getting formed.
This is potentially dangerous. Note the word potentially.
Like in court a suspect is innocent until proven he or she is quilty
Same here.. just have your eyes open and don't be to greedy.
thoughts?
THE DOG KILLER - WHEN TO BUY AGAIN?Since I have posted my previous idea things have turned out to be exactly this way.
We experienced a bull trap in the box above, locking buyers with holding bags at the resistance level.
The pattern is very tricky in that it might give “confirmation” of breaking past the resistance level. This makes any traders watching the price behavior to believe that the bull rally is proceeding, so they execute buy traders.
Everything is by the text book. Also it's very easy when you have young and uneducated investors ready to hold their coins.
Do not forget that we live in a jungle and people are smart and take advantage of it.
What have a bear flag right now. My buying target is at .731.
I do believe that SHIBA is a great project and has amazing future ahead.
Not financial advices given here, trade and hold at your own risk.
Shiba will make us millionaires or a scam coin?Many of you asked me, what about Shiba? will it make us millionaires? can it even rich $0.001 or $0.1 or even $1?
okay lets talk right now form two perspectives, scientific based perspective n gambling perspective.
scientific based perspective:-
it is listed as penny shit coins cant be trusted like most of other classic alts, it isn't like EOS or LINK or DASH n ADA.
its technology is not bad at all, but its supply reached 1,000,000,000,000,000 which made it more risky.
Elon musk supported it n maybe will do this again, but take doge coin as an example too.
has a huge market cap n great trading volume, but do u know that more than 30% r hold in unknown wallets.
the coin is following bonzi scheme classic way to get more wider, like other shit coins before as buy n pi n bee which wont be valuable at one day by any means unless a power support them.
gambling perspective
"what you gonna lose? what about if we walked up found it 0.01, 10 dollars will turn into 1000 dollars."
"look! Elon musk is supporting it, of course it gonna go a heck of a lot higher than that."
"I know its risky that's why I just gonna invest less than 1% of my portfolio."
"maybe some snacky whales holding amount to sell then bubble will explode, we can make money throughout this period."
"Binance listed the coin officially, n of course in case it was a scam then it wont be listed on binance."
these the most common points from the two perspectives, I think most of you know what maybe should be correct to do.
if u gonna ask me on my point of view,
I don't recommend to touch shit untrustable coin like this for beginners, HOWEVER I think we can play it in a more intelligent way than being watching the bubble without making money from it.
okay firstly don't even forget two things, that the whole crypto whales are in cuz they r laundering their money n most of coins on crypto market are scams !!
are we gonna leave the whole market or will be dealing with this? just for your all knowledge we r here to make money from all of the opportunities but managing risk is so important.
for people who r believing in Elon musk, haven't u seen what he did with doge since 2 days? , he didn't believe in doge as he mentioned before he is just trying to give a clear message saying that he has the power to change anything n we cant deny that he really has this power. he just making bubble. n for your all knowledge doge just a funny coin with no technology behind it n the two persons that made it already sold the whole amount they have from 5 years ago they know that it is just a garbage n I believe that Elon know that too.
just ask yourself why musk chose dogecoin specifically to support? then you gonna realize How shiba coin end will be
my advice to get a less than 0.5% of your portfolio in that coin wait till %500 profits n then leave less than 10% of what u bought to hold for long term.
I believe that shiba is another bubble but no doubt that we can use it to make so decent profits cautiously.