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SHIBUSD trade ideas

SHIB - History Doesn't Repeat But...Correct title should be "History Doesn't Repeat But It Often Rhymes" but according to TV thats not English. Anyhow firstly SHIB - one of my alt picks for the next bull rally had an explosive 50% move in a day last week and looks set to rocket upwards when BTC resolves a potential accumulation phase. It shouldn't be too difficult to work out why I picked SHIB. It had a ridiculously explosive bull run while BTC made a slightly higher high ATH (overlaid) last year and its still less than a year old, so good chance its got plenty of p@mp in the tank. An interesting aspect of charts is that they take on their own particular character and SHIB is a very mathematical one with tops hitting significant fibs. And it may not exactly repeat but we can make note of previous ratios and plot them for future reference as I've begun to do here. So... In the previous bull rally SHIB first spiked 117% before collapsing all the way down to 0.886 ratio. From there SHIB went on a humungous rally up 500% in a week. The top can be found by taking the high and low 2 pivot reverse fibonacci extension and it just exceeded the 2.272 ratio. It then consolidated then pamped another insane rally up to the ATH 1341% so thats another 840% to just exceed the 3.618 ratio. But also in exactly the same way as the previous extension - taking the top of the previous wave and consolidation low reverse extension finds the ATH just exceeds the 2.272 yet again. So this 3.618 is effectively 2 stacked 2.272's. And that is wild. So we can make a note that SHIB likes the 2.272 and as things progress I will be looking for that ratio to probably take some profit depending on where BTC is. Now the next question is what type of wave is SHIB going to print. Will it be a retracement or a full on bull rally? And the fairly obvious answer to this currently is that I dont know, however as things develop then this may become more apparent. The coloured band is what I call an SRZ - Shakeout Reversal Zone. This is where in a retracement typically the market movers will push passed the 0.618 towards the 0.786 to print a SRP Shakeout Reversal Pattern - in effect to fool traders into thinking it is a bull not a retracement but a rally, before sharply pulling price back below the 0.618 and trapping longs. So this band is from 0.618 - 0.786 and in crypto it does tend to be towards the 0.786 at the upper band line. If it gets much above this to perhaps 0.85 then it will probably be an ATH about to print and potentially a much longer rally. If it did get to 0.71 then that would be a similar 500% rally and may be a good opportunity to sell if fibs match. However if SHIB does go on a bull rally and does print another 2.272 then it would be a 31000% move! And so it may be worth leaving some % in trade and letting in run. And we may see another pull back from SHIB and it could be steep, its very hard to tell of course, but currently it is testing the 50MA and we'll see if it can consolidate. Not advice.
COINBASE:SHIBUSDLong
by dRends35
4
Let the dog runI will never understand the hype of this coin, must be too old or something. Honestly, it's probably just the crypto vanity that it provides. Regardless, SHIB is a real fun asset to trade. How can you go wrong with the amount of volatility SHIB has with these strong rally's. We see SHIB about to break out of a bullish pennant with hidden bullish divergence. The pennant gives us a measured move to 1360, a good 30%. A tight stop can easily be placed 4 percent from here or a looser stop can be placed at 7% below current price. Either way.. great odds here for a long trade setup.
COINBASE:SHIBUSDLong
by RighteousTA
2
Shiba Inu (SHIB) Surges 45% in 7 Days & Overtakes Tron (TRX)Popular cryptocurrency Shiba Inu (SHIB) overtook another popular coin, TRX, from the company TRON in the top by market capitalization from the portal CoinMarketCap. SHIB, traditionally referred to as a memecoin, showed an impressive seven-day increase in quotations by more than 40%, which helped Shiba Inu add another $2 billion to its capitalization. Thus, SHIB has a current capitalization of $6.4 billion and ranks 13th in CoinMarketCap's top. Of course, the growth rate of more than 40% in seven days can definitely be considered a victory for SHIB, but it is worth noting that Tron's TRX might not receive its percentage growth and give up its place in the top due to recent events related to algorithmic stable coin USDD, issued by Tron DAO. Recall that USDD lost its peg to the dollar in mid-June in events seemingly similar to the Terra collapse. Nevertheless, Tron DAO and its head, Justin Sun, managed to stall the de-peg and quickly implement a plan to save the entire Tron ecosystem.
COINBASE:SHIBUSD
by wangpertbangcu1984
SHIB Surges 10% on Saturday, as NEAR Hits 2-Week HighSHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing. SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend. The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, which is the third straight daily gain in SHIB. As a result of Saturday’s surge, SHIB/USD is now trading nearly 50% higher in the last seven days alone, making it one of the biggest movers within that period. Looking at the chart, today’s rally has seen prices near this week’s high of $0.00001209, which is the highest the token has hit since May 31. Should this week’s momentum continue upward, then bulls will likely attempt to recapture this point over the next few days. A stumbling block could come via the 14-day RSI, which is currently tracking at a resistance point of 56.60, which is also its highest point since late March. If SHIB bulls were to apply even more pressure on current bears, then we would likely need to see a breakout of this ceiling.
FTX:SHIBUSD
by Hussain2133
Shiba Inu Crypto Worldwide Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
FTX:SHIBUSD
by Sunstorminvest
184 Million Shiba Inu Burnt In One TransactionShiba Inu Community Destroys 239.53 Million SHIB as 1Cent Token Contributed the most in the Burns in the Past 24 Hours. Over 239.53 Million Shiba Inu (SHIB) and 801 Bone ShibaSwap (BONE) have been moved out of circulation forever by the Community in the past 24 hours. 1Cent token is recognized as the “Top Burner of the Day.” The global crypto market is undergoing a difficult time as the crypto market plunges below the $1 trillion mark for the first time since January 2021. Shiba Inu supporters find this difficult time as an opportunity to throw away billion of Shiba Inu tokens from circulation forever at lower costs. SHIB Community continues to burn millions of Shiba Inu (SHIB) per day, making the total supply scarcer over time. According to the recent tweet from the SHIB Burn tracking platform, Shibaburn.com, Shiba Inu Community unites to incinerate a total of 239,535,584 (239.53M) SHIB through eleven separate transactions.
COINBASE:SHIBUSDLong
by Roberto411
1.04 Billion Shiba Inu Burned in 7 Days, While Shib Loses 25% Over 131.34 Million Shiba Inu (SHIB) burnt within the Past 24 Hours and 1.04 Billion in the Past 7 Days. 1,055 Bone ShibaSwap (BONE) has also been destroyed by one of the Community-led Burning Projects. Despite these positive developments, Shiba Inu was unable to retain its critical support level located at $0.00000908 on the 4-hours chart and dipped towards the $0.000008 level, showing a decrease of over 4% in the past 24 hours. Shiba Inu lost 25% of its value in the past 7 days, CoinMarketCap reports. Data from the tracking platform Shibburn shows that over 1.04 billion Shiba Inu have been incinerated since Monday. 1CENT, one of the tokens dedicated to burning SHIB, has also moved out 1,055 Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem from circulation forever. prominent SHIB Burn contributors of the Week. Travis Johnson’s SHIB Super Store was able to organize two back-to-back “Weekly Burn Events”. According to the tweet posted by Shibburn, an overall 1,046,842,187 (1.04B) Shiba Inu dog-themed tokens have been moved to unspendable wallets in the past 7 days in merely 101 transactions.
COINBASE:SHIBUSDShort
by Gary233333
1