SHIB shortSHIB bounced off the upper boundary of horizontal channel. Bearish movement to support level at 0.00000806 is expected to happen.
SHIBUSDT trade ideas
Step 6 - Go to the Beach! 🏖️😽International cats day yesterday so let's start with something meaningful:
Love and protect animals. We share this planet with them and we tend to be the nasty species. The stupid humans we are, polluting and shitting all over the place till we destroy it together with all life.... we are the 'animals' my fellow humans
Now let's talk crypto:
It all starts with the usual Fomo (Fear of missing orgasms) when Shiba pumps on major news (Shiba going De-fi with Shibarium and Binance gives it a nice boost, check links below).
First thing i do is check fundamentals. They are many and positive (links below) so i say 'Yes, we need to get on this..but how?'
Step 1:
Not eating the FOMO (fear of missing out...)
FOMO is real and is always a bad actor. The beauty of crypto is that you NEVER EVER miss the train! There are always stops to get on the train, in both directions.
Step 2:
Given this I was quite comfortable to take a calculated Short position while some Shiba holders where taking their profits!
Short to 0.0000090 instead of fomo-ing with a tight stop loss and controlled risk.
Step 3:
Taking profit (x6 the risked margin)
I always follow my charts and sometimes i am right, sometimes I am wrong. Close to 0.0000090 was an area that had to be checked as support. And it did. That was time to take profit from short position and finally look for a Long entry which was the Goal.
Step 4:
Time to go Long. That was the plan after knowing the fundamentals. Ethereum dog is a key player, can go strong and i was finally ready to Buy my shares in it. Only this time it was with a x6 budget.
As always the chart is my map to the treasure. Going Long with a calculated risk, on support 0.00000880 and a stop loss just below that
*I am no God, this actually worked the second time! And that's the beauty of it.
Step 5:
Taking profit back to where it all started. If we had entered spot we would had been at break even. Instead we are at a 6x6= 36
ALWAYS secure profit. Thus closing half position while still another half remains open. Always take some profit if the markets have been nice to you. Always leave something open just in case you feel the Fomo again (welcome to crypto!)!
Step 6:
Going to the beach for a break. Unfortunately i don't have a dog but there are other animals there to keep me motivated. Mostly female humans in bikinis.
In the meantime Shiba might take a break now before eventually probably rising to 0.0000111 with a possible new retracement to 0.0000095.
Who cares now? Job is done:
✔️Profit has been taken on short
✔️Profit has been taken on Long
✔️1/2 position is still open
✔️Stop loss is on guaranteeing more profit in any case
Will Shiba go to 1$?
No, it won't. Check it's supply of a billion trillion tokens (on a serious note, the current circulating supply of SHIBA INU is 589 trillion)
Shiba is Ethereum's Dog. Vitalik and his hungry gas fed freaks will feast on anything that burns gas (your money) and makes Ethereum money. Either this is Unibot, Shiba or anything stupid like Xen, some NFTs and all the non-sense out there).
Yes, some of it is GREAT but most of it is non-sense.
Shiba will need to burn a LOT of tokens to rise over 0.0000118..if it goes there first which will depend on BTC and ALTS market in general.
One Love,
The FXPROFESSOR 😽🌭
Links/fundamentals:
Shiba Inu Takes Step to Become DeFi Contender With Digital IDs: www.coindesk.com
Binance approves Shiba Inu as collateral asset: cointelegraph.com
Shibarium Launch Nears: u.today
- don't forget, I was never a big fan of shiba..was actually short for a long time:
$SHIB Weekly double bottom / BreakoutReal clean double bottom here on SHIB, and a break of the downsloping supply line.
First potential target here would be the zone just about the .382, and eventually to the .618, but as always taking it level by level.
For context, transactions in the Shibarium ecosystem are up 4000% recently including sympathy moves from other assets in the ecosystem like BONE.
Shibainu ... Update new Tecnicall analyst I see an ascending butterfly pattern for Shiba, as I said before. But Shiba can complete this pattern after the pullback, so going down fast and then pumping Shiba is not out of mind.
Shiba After completing the pullback, it can grow significantly.
support range and resistance of Shiba Inu UpdateAs you can see, the price went up from the specified support range and reacted very well to the announced resistance.
Shiba is ready to flyWe will soon see Shiba in the 0.00001066 range
Either from here or it may start from 0.00000730, which I think will start from here because the market is bullish.
Shibainu ... Harmonic pattern I see an ascending butterfly pattern in this chart, it is likely to have significant growth. I see an ascending butterfly pattern in this chart, it is likely to have significant growth.
SHIB's Market PositionSHIB is currently fluctuating between key supply and demand areas.
At this juncture, it's advisable for traders to hold off on engaging in transactions until SHIB interacts with one of these critical zones.
This strategy is based on the broader, long-term bearish trend indicated by the descending trendline. However, it's important to note that if Shiba breaks through this trendline, there's potential for a shift towards an upward trajectory. This break could signal a change in market dynamics, presenting an opportunity for traders to reassess their positions in anticipation of a possible bullish reversal.
This analysis is for informational purposes only and should not be considered as financial advice.
SHIBUSDT not bullish yet but has a high potential AS we can see price react well to the red trendline resistance zone once again and we can expect a short-term fall once again but soon after a valid breakout here to the upside we can expect targets with +100% profit.
DISCLAIMER: ((trade based on your own decision))
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SHIB Shiba Inu Price TargetIf you haven`t bought SHIB begore the mega pump here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is SHIB Shiba.
I've set a short-term price target for SHIB Shiba at $0.00000700.
Looking forward to read your opinion about it!
Shibausdt---booom booom🚀🚀🚀In the 2-hour time, Shiba has a downward line and will break it this week if you want to buy shiba, this is a good price.
You can buy a ladder.
Suitable for Futures with leverage of 10.
I see good targets for shiba.
SHIB Neutral SHIB sitting above "huge level" and Range low which is currently holding.
Theres a lot of liquitity not taken marked in yellow above and would like to see this taken out.
Two options and plans for triggers provided on chart.
I leaning towards option A with a squeeze on BTC
lets see.
SHIB UPDATE (3D TF)Before anything, pay attention to the time frame
What is clear is that SHIBA is inside the big wave B, which is a diametric wave.
The expectation is that wave G will sweep the lower liquidity pool and reach its Fibo support and then enter the big wave C.
The time frame is big, these waves take time.
good dog (wave 3 SHIB iz comin')yo yo yo my lil traders, its been a long time. Didnt publish any ideaz coz market iz boring and I was busy (makin' my own indicator, but hush, its a secret)
ANYWAY!
it is time for us to shake off the rust form our lovely SHIB token. If u was careful enough, now u got x2 from my last idea (u bought a real bottom I guess) and now IT IZ TIME FOR US TO UNLEASH THE BEAST
I suppose, that we now in corrective wave 4 of 3 of 3 and local bottom iz near, look at the chat and make some trades already.
have a green PNL's, my dears
SHIB in liquidity boxShiba reached a good liquidity box. It's one of the coin that hasn't make a good pump actually, we can expect a pump from there.
Be Ready For The SHIB Breakout 👉 The Priority Is Bullish And I Expect a Breakout From The 0.965$ Resistance And Trend Line In Near Future, But Before That Small Legdown To The 0.750$ Area Is Possible And There Is My Buy Zone
SHIBUSDT: BullishSHIBUSDT.P is in strong bullish trend.
As the SHIB Break the Nick Line, we can place long order on market price or place the pending order on mention price.
SHIB Burn Rate Rockets 1300% As Shiba Inu Price PlungesShiba Inu (SHIB), the self-proclaimed Dogecoin killer, is once again amassing significant attention in the cryptocurrency universe as the SHIB community is continuously burning colossal amounts of tokens, with a significant surge in the last 24 hours on November 17.
Subsequently, the Shiba Inu price witnessed an extremely marginal downfall as of writing. Today’s price slump comes despite the SHIB community’s efforts to build up support for their cryptocurrency.
However, over the past seven days, the SHIB price portrayed a bullish sentiment in the broader markets as the token witnessed a minimal price surge.
SHIB Community Burning Tokens
According to recent data unveiled by Shibburn, a platform offering SHIB burning insights, a whopping 105.20 million SHIB tokens were burnt as of today. The aforestated burning of tokens represents a 1327% upswing, gaining significant traction throughout crypto markets. Furthermore, as of writing, the total number of tokens burnt amounted to 410.66 trillion.
As per the data offered by Shibburn, two colossal transactions burning significant amounts of SHIB, among many others, caught the eyes of crypto market enthusiasts. An unknown address, 0x75d9df1efe6d860218…, burnt 100 million SHIB approximately 9 hours ago, along with another unknown address, 0x46340b20830761efd3…, burning 1.5 million SHIB approximately 12 hours ago.
The massive burning of SHIB tokens comes as a result of the Shiba Inu crypto community putting in efforts to jack up the SHIB tokenomics, inducing scarcity while also uplifting the value of the remaining tokens.
Meanwhile, according to ShibariumScan data, the total transactions on the platform are nearing the 4 million mark and stood at 3.95 million.
Shibainu,, Support and resistance I am waiting for the resistance level of 965, after crossing it, it will reach higher levels, buy orders are gathered at the bottom...
Shibaiusdt... chart analysis In the 30-minute time frame, we will go up to the extent of the previous peak, but around the numbers 965 to 1000, which is Shiba's resistance, it is not clear whether it can go up or quickly go up after the pullback.
