Shiba Inu This setup is a test of psychology:
Instead of telling directly where the coin should move, but some traders will counter trade us,I will be updating my analysis somewhere else to be private so that they can't hunt our stoploss.
Short idea:
if you think that shiba is a shet and memecoin, you should short it here to the lower target of yellow arrow with a stop above 4000.
Long idea:
If you think that shiba is the coin that will replace dogecoin, you should buy here and put a stop below prev low, and have a target at the upper yellow arrow.
SHIBUSD trade ideas
Shib is in the process of an upward breakoutYou can see the formation of a long term triangle
volume and volatility have decreased
there was a doji on the day before it then broke to the top of the triangle trend line
this is similar to other trends in the market right now
I like Shib over Doge because if the flippening does occur, Shib is seen as the ethereum Doge
SHIB/USD: Speculative Punches Capable of Violent ResultsSHIB/USD continues to deliver violent trading results for speculators who crave aggressive moves within the cryptocurrency world. Shiba Inu was trading at all-time highs in late October at nearly 0.00008800, but on the 20th of December the value of the cryptocurrency was approximately 0.00002850. This price is nearly a 68% decline in value.
The drop in value of SHIB/USD is extraordinary and for traders lucky enough to have been skeptical of the higher values of the cryptocurrency, this may have produced profitable selling positions. However, traders who were caught up in the fanfare of the positive result of October’s bullish climb, and bought in at the highs have likely suffered astonishing losses. Here’s the thing, SHIB/USD remains a pure speculative bet.
Traders who want to wager on the direction of SHIB/USD may be able to look at technical data and correlate it to broad market sentiment in the cryptocurrency world, but the results of Shiba Inu remain a sphere for speculators who understand the risks, all others should watch from afar. SHIB/USD is fractionally traded and the use of conservative leverage is appropriate because if a volatile move occurs, and it likely will, the results can be rather nervous when direction is not going in the intended manner.
Intriguingly, SHIB/USD is correlating to the major cryptocurrencies rather well. It could be said that Shiba Inu is a solid barometer of speculative sentiment within the cryptocurrencies. Having touched a low only one week ago, SHIB/USD has produced a solid gain upwards which may be making its buyers content. However, the current price value of SHIB/USD is now bouncing along important resistance levels and challenging values not seen since early December. Optimistic traders may see this as an opportunity to buy SHIB/USD and anticipate another leg up.
Speculators who are skeptical of the sudden upturn the past week and believe the results are a holiday bounce that will vanish could become sellers. Whether you are a buyer or a seller of SHIB/USD, risk management is essential, as this is a wager on broad cryptocurrency market sentiment in many regards. Choppy conditions may persist short term. If current resistance levels are broken higher, SHIB/USD could produce short term positive movement. Traders should to use entry orders to get appropriate price fills and use stop loss and take profit positions at all times if they are short term bettors.
Shiba Inu Coin Short-Term Outlook
Current Resistance: 0.00003875
Current Support: 0.00003770
High Target: 0.00003950
Low Target: 0.00003630
Shib to the moonSHIB to the moon. Jumping in early before a confirmation (not recommended) but with $BTC closing strong and should continue up, I like the R:R here. Still keeping a 5% SL but with 40% upside.
LEGO.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Long SHIBAUSD - On the road to $0.00014We assume we got our bottom around $0.00002795 between the 0.618 and 0.786 Fibonacci on our correction wave 2.
We then enter phase 3 of the Elliott cycle with a target of 1.618 to $0.00014.
Is Shiba to the moon possible? Let's give the Shiba time to confirm our impulse.
Entry Price: 0.00003715
Target Profit: 0.00014 (+280.6%)
Stop Loss: 0.000025 (-32.8%)
Risk / Ratio: 8.5
SHIB Breakout of Falling WedgeNice breakout of the falling wedge by SHIB. If you switch to the 15m chart you'll see a clearer picture of another bull flag formation at the breakout. A lot of consolidation opportunities for people to buy. I'm liking the prospects going into the New Year. Remember, only invest what you're comfortable losing. This is a high risk, high reward trade. Stay safe and hope everyone has had a good holiday.
Textbook Cup and Handle~ Woof!The four hour candles are forming a cup and handle. This is a very bullish sign. I’ve been tracking the down trend, and Shib has found it’s bottom. December was great for Eth last year, and the cycle has repeated. I’m looking forward to February of 2022. Follow me. Prof_Void on Reddit at Shytoshi World.
SHIB/USDT - Potential 97% SetupHello Traders!
SHIB has completed its current cycle.
The price is in the accumulation range of $0.00003100 - $0.00004500.
It is possible to connect to purchases considering the local cycle of growth.
It is better to gain a position in two parts:
Near the level of $0.00003800 & $0.00003100.
Stop-loss shall be placed near the level of $0.00002600.
Fibonacci targets:
$0,0005850
$0,00006560
$0,00007580
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The most abundant cryptosThe most abundant cryptos based on circulating supply:
SHIB = 549,063,278,876,302
HOT = 173,083,498,820
DOGE = 132,657,224,068
XRP = 47,535,964,473
AMP = 42,227,702,186
ADA = 33,457,320,908
CRO = 25,263,013,692
XLM = 24,725,421,849
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
SHIBUSD long viewBullish scenario:
• We need to continue this optimistic consolidation from which we expect the next bullish impulse.
• The first target and resistance can be at 0.00004485 from 03 December.
• Our next resistance is at 0.00005500 previous attempts to climb above the MA200 moving average.
Bearish scenario:
• We need a new negative consolidation and a price withdrawal below MA200.
• Break prices below us to the first potential support at 00003444. Additional support in that zone is our MA20 and MA50 moving average.
• We are looking for maximum pullback and support at 0.00002826 place in December lower low.