Broad view of a pattern. Seems like we're going rock bottom here folks. There is a coordinated effort to stomp out this meme coin.
SHIBWBNB_498594.USD trade ideas
Makeshift partial H 'n S coupled with classic bear flagTaken w/ the totality of the tremendously increased U.S. dollar value along with constant manipulation of SHIB, you can see that "they" are trying to bring it down to rock bottom to get "themselves" in.
or...
Being a bit paranoid that "they" are in cahoots with centralized big banks who want to inevitably crush thy meme coin and others to usher in universal income on the CBDC when they workout the kinks. Most will die on the vine unless Trump gets back in to save free-market crypto.
Double top or Rally?Short and sweet. We need to close a candle above .00000751 to continue upwards. thats where a buy signal will be on the 4hr TF if not. back down for a HL hopefully.
What will today bring?Weekly and 5 day candles closing today so it will be interesting to see where they close.
We retraced to the .786 fib level, which in my opinion is a good level to add more to bags.
We are still under the 21 week EMA (white) I would like to see price push above and hold.
I would like this to be our Higher low and we start reversing but who knows I am prepared for whichever direction it goes, You cant predict the market all you can do is react.
If we are not at the bottom I believe we are close. Lots of upside potential.
Watch BTC and ETH today. ETH is at a potential bottom as well.
Good luck, Trade safe
I am not a financial advisor its all just my opinion.
Shiba Inu - Levels to be aware of, patienceJust a quick video of some levels I'm watching , at least for reaction from the price.
Have a great time, enjoy !
#ShibaInu #Crypto #Shiba #Bitcoin #ethereum #cryptocurrency
Could Shib fall to 0.00000100🧂😬Please do not allow this to frighten you into selling, understand the risk and understand this maybe hypothetical so bear with me shib-fans take this with a grain of salt.
Like, laugh, make fun of this prediction, but I just wanted to give everyone a heads up of my findings.
BINANCE:SHIBUSDT
COINBASE:SHIBUSD
BINANCE:SHIBEUR
CRYPTOCAP:SHIB
We maybe in more trouble than we think, we may need to start the recovery process or - see us fall to the range of 0.00000100.
an we have less than 4 days to do it.
This is not a hit piece nore is this me making stuff up I'm being honest about what I saw.
__________________________
Here's the thing - earlier this year around January - the website coincodex - before they updated their site - had predicted that Shib inu would fall to the 0.00000120's some time this year.
__________________________
Yeah I did the same thing you just did - laughed it off thinking it must be a mistake, but shockingly I'm starting to think they might have been on the money with that prediction.
Same rumors in the markets state that BTC will drop to the 20k this week alone and earlier this year it was believe it might fall to the 10k, and after today I think they might be onto something, so I wouldn't put it pass shib to see 150 or lower we maybe bleeding to that point of entery and here is the chart to prove it.
So two things came to mind - one we are having the same effects as did in 2021 when Shib jumped to 0.00008000 - and at the same time there was a similar crash pattern that took place around that same time, so I took the time to see what I could find on the charts after all these crazy crashes.
and notice the top panel is jet red thats a crashing point nothing can be done unless the day has considerable green closing days, so that is guaranteed to drop down violently if not recovered in the next 3 closing days, there was also another pattern that show the same in fact two patterns for both the top and bottom panel.
An low and behold I found the pattern I was looking for and it's very much worrying, so I copied the path it took and placed in the the same placement of the current crashed we are in, and yeah you do the math.
Hear me out.
If this is true either 2 things will happen, the first is - if we crash any further between the next few days we'll be at 0.00000600 or less, prompting a mass exit moving the market further down for shib - so after about 3 days - an unexpected consolidation and possible additional crashing leading to more exits take center stage, forcing shib falling to the 0.00000400 or 0.00000300 the lowest it's been in 2 years - by the time we reach the 21st it may have crashed to the 0.00000150's based on any crashing actions from the other major markets like Bitcoin, Ethereum or the S&P 500 or other outside interruptions such as the government and more exits from the market, anything can and will happen.
The second thing that could happen, is - it can skyrocket to the 0.00001000 mark or higher preventing the crash all together, it's in fact showing the same pattern as it did when it happened in 2021 so it can happen again.
So this is creating a major crossroad for holders like myself, that have a lot to lose and nothing to gain if they make any choice.
Sell - have the chance of getting it at the 0.00000150 netting them 100 million or more in shares, but running the risk of losing out on a rise up to 0.00008000 at a perfect spot for it.
or
Hold - have a chance to see the rocket up if it comes, but lose the chance to use limited funds on a chance to make more shares if it does drop to the 100's and watch as your money burns.
hard choices to make even harder to read this post I know.
So conclusion
The failure of the market may bring about more interest as Shib either gets closer to the falling numbers of 0.00000100 and we might see a surge afterwards.
As I stated take this with a major grain of Salt it may not happen but the signs are pointing in that direction whether we like it or not, it can always change within the few days but keep my hopes up as a investor myself.
We don't know what might happen in the next 5 days, but don't let this drive your choice to make money shib fans give it a few days if you want to keep your shares you never know, why not add on to what you have.
Happy Trading everyone and good luck.
SHIB FALLSHIB gone fall from this place. From the indicator the shib has been broken the channel, now its seling time
Are we reversing?!! watch closely!On the weekly chart- With the last drop we went and tapped the .786 retracement and was bought up and closed above the .618. The candle printing is looking to be a reversal as of right now it is sitting on the .618 showing good support at this level.
You will see on my previous ideas we had a gap in the market cap that was filled with this move to the downside. This is just a higher low right now.
If we reverse I see move all the way to 1400. On the next candle we can dip to pick up buy orders at lower prices and take off from there.
Bearish side of this is we close below this level and continue to consolidate lower which is just greater opportunity.
We close in a little over 2 hours. I am watching closely.
Just sharing my opinion, not financial advice. please give me a follow and a like if you like my idea. Comments are welcome.
SHIB TO THE MOONBullish falling wedge approaching on the daily TF, my observations are leading me to go long on this asset.
Shib Explosion IncomingIntroducing ShibCoin (SHIB) - The Future of Decentralized Finance!
🚀 Are you ready to ride the wave of the next big thing in the crypto world? Look no further than ShibCoin! With its innovative and community-driven approach, ShibCoin is set to revolutionize the way we think about decentralized finance.
🌐 What is ShibCoin?
ShibCoin is not just another cryptocurrency – it's a movement! Built on the foundation of the Ethereum blockchain, ShibCoin offers lightning-fast transactions, minimal fees, and a secure environment for your financial activities. But that's not all – ShibCoin is fueled by an incredibly passionate and active community that drives its growth and development.
💎 Why Choose ShibCoin?
Community Power: Unlike traditional cryptocurrencies, ShibCoin is a community-driven project. This means that every holder has a voice in shaping its future. Your investment isn't just in a coin; it's in a vibrant ecosystem of like-minded individuals working towards a common goal.
Unlimited Potential: ShibCoin is more than just a digital asset – it's a gateway to the world of decentralized applications and services. By holding ShibCoin, you're gaining access to a world of financial tools that can help you grow your wealth and explore new opportunities.
Charitable Impact: We believe in giving back. A percentage of every ShibCoin transaction goes towards charitable initiatives. By investing in ShibCoin, you're not just investing in your financial future; you're contributing to positive change on a global scale.
Innovation at Its Core: ShibCoin is constantly evolving. Our dedicated team of developers is committed to pushing the boundaries of what's possible in the world of blockchain and finance. You can expect exciting updates, partnerships, and features that keep you at the forefront of the crypto revolution.
🌟 How to Get Started
Getting on board with ShibCoin is easy! Simply visit our website and follow the straightforward steps to purchase ShibCoin securely. Join our thriving community on social media platforms and stay up-to-date with the latest news, discussions, and developments.
Don't miss out on this golden opportunity to be part of something big. Join the ShibCoin revolution today and take control of your financial destiny!
Remember, cryptocurrency investments come with risks. Make sure to do your research and invest responsibly.
Invest in ShibCoin, Invest in Your Future! 🚀🌐💎
Scam or not?I know this won't sit well with the Shib Army, but here goes anyway.
I found this symmetrical triangle pattern that's backed up with volume. It appears to be breaking bearish and the measured move would bring it down to worthless.
To further backup this chart, I believe the problems with Shibarium are and will be the catalyst of this move. Shibarium had 400 million compute units of bandwidth/month and crashed in about an hour. If they've scaled up 1500%, then Shibarium can only run for 15 hours before having the same problem. This is extremely bearish because there is no room for growth and the blockchain can't support the current number of users so the amount of users needs to come down.
I believe we will see persistent problems with Shibarium that will have users lose interest and leave; and discourage new users from using the new blockchain. As of posting this, people's tokens are still stuck on the Shibarium bridge, and the blockchain is running in "private mode."
Not financial advise! Entertainment purposes only!
SHIB & DOGEElon Musk's Cryptocurrency Shake-Up: From Bitcoin to Shiba Inu and Dogecoin
Introduction
In the ever-evolving landscape of cryptocurrency, few figures have had as much impact as Elon Musk. As the CEO of Tesla and SpaceX, Musk's tweets and statements often send ripples through the financial markets. One such instance occurred when he announced a surprising shift in his cryptocurrency holdings, moving away from Bitcoin and embracing meme-based tokens like Shiba Inu (SHIB) and Dogecoin (DOGE). This decision not only stirred controversy but also highlighted the dynamic nature of the digital asset market.
The Bitcoin Era
Elon Musk's entry into the cryptocurrency realm began with Bitcoin. Tesla's announcement in February 2021 that it had purchased $1.5 billion worth of Bitcoin sent shockwaves through the financial world. This move was seen as a significant endorsement of Bitcoin's potential as a store of value and a hedge against traditional currency devaluation. Furthermore, Tesla declared that it would soon accept Bitcoin as payment for its electric vehicles, adding a layer of practicality to its investment.
The About-Face
However, just a few months later, in May 2021, Musk announced that Tesla would suspend Bitcoin payments due to environmental concerns related to the energy consumption associated with Bitcoin mining. This announcement led to a temporary drop in the value of Bitcoin and raised questions about the environmental impact of cryptocurrency.
In June 2021, Musk hinted at a potential shift in his allegiance by conducting a Twitter poll asking his followers if they wanted Tesla to accept Dogecoin as payment. While this poll was ultimately inconclusive, it marked the beginning of a series of events that culminated in a surprising twist in Musk's cryptocurrency portfolio.
The Shiba Inu and Dogecoin Connection
Fast forward to the present day, and Elon Musk has once again made waves by expressing his interest in meme-inspired tokens such as Shiba Inu and Dogecoin. Shiba Inu, a relatively new entrant in the cryptocurrency space, gained immense popularity as the "Dogecoin killer" due to its Shiba dog logo and the hope of replicating Dogecoin's astonishing price trajectory.
Dogecoin, originally created as a joke in 2013, has defied expectations and grown into one of the most recognizable cryptocurrencies. Musk's tweets, often featuring humorous remarks about Dogecoin, have contributed significantly to its sporadic surges in value. His informal endorsement of Dogecoin has created a unique dynamic where the line between serious investment and playful enthusiasm is blurred.
Implications and Controversies
Elon Musk's decision to pivot from Bitcoin to Shiba Inu and Dogecoin is not without controversy. Critics argue that his statements and actions have the power to manipulate markets, causing prices to spike or plummet based solely on his tweets. This raises concerns about market volatility and investor confidence in an industry that is already known for its unpredictable nature.
Furthermore, the sudden transition from endorsing Bitcoin, a more established and widely accepted cryptocurrency, to more speculative tokens like Shiba Inu and Dogecoin underscores the fickle nature of the digital asset market. It highlights how trends and sentiments can drastically impact investment decisions, often with little regard for underlying technological or economic fundamentals.
Conclusion
Elon Musk's journey through the cryptocurrency landscape has been nothing short of a rollercoaster ride. From endorsing Bitcoin and subsequently raising concerns about its energy consumption, to embracing meme-inspired tokens like Shiba Inu and Dogecoin, Musk's influence on the market is undeniable. While his involvement has brought increased attention to the cryptocurrency space, it has also sparked debates about market manipulation and the responsible use of social media by influential figures.
As the cryptocurrency market continues to evolve, one thing remains clear: Elon Musk's actions and statements will likely continue to shape perceptions and trends, leaving investors and enthusiasts alike eagerly anticipating his next move in the world of digital assets.
BUY BUY BUY
Filling bags!Straight to the .786 retracement where there was demand! i had my orders filled at these levels and am in profit again with more shib than I started with. This drop also filled the gap on shib market cap chart. please go check it out. consolidate and move up from here I believe.
Not financial advice.
Got rid of my DOGE...Just traded my DOGE for SHIBA INU. My chart is showing on the weekly a buy signal, so off we go to the races...
Be Careful hereOn the 1D chart. I see selling at these upper levels. We are above the 21D MA ( white) which has been acting as support I do see price falling down to that area which would be healthy. Just dont want anyone surprised if it does. I'll buy at those levels for sure. I see bearish divergence on this time frame. I would like to see it dip one more time before loosing a zero.
I am still bullish on shib. I add to my bags every dip we have.
I am no expert this is all my opinion not financial advice let me know what you think.
Shib 4hrPure TA - Volume profile, value area high / low, golden pockets, untapped points of control and orderblocks. No predictions.
Let Us Learn and Earn with them SHIB token BurnsI've been thinking and wanted to jot it down, on how things can end up with SHIB. I have a little story before we get into it, about how SHIB moves could be similar to how I saw the rise in DOGE. In 2018 I purchased around a couple thousand coins of DOGE at around 0.002. I eventually sold out my coins, made a little bit, and didn't think too much of it. Fast forward to 2021, there was a ton of PR around DOGE. News outlets were covering it. Influencers and Celebrities were all over it, pumping the coin up. Even billionaires were buying into it. What got me about it was that people that are not even in the crypto space or do anything with the markets, were talking about it. I had one person tell me how he had a large position in the coin and he was not going to sell. But another person that I knew, he had done no trading what so ever, said he was in DOGE trading it. At that point I knew that it was close to DOGE having a significant drop. Additionally, with SHIB having an extraordinary rise, random people started coming up to me asking if I had any SHIB positions.
This could possibly happen with SHIB again. There is a consistent amount of PR, but until it hits the mainstream like DOGE or how BTC and ETH did in 2017, there might be some movement but not as much as when the hype is there. Fundamentals can move the markets but not as much as people's feelings. At currently lvls, market cap is around 6.073 million, if SHIBarium does burn 5 trillion coins per month and pushes the total amount to 289 trillion total coins in the market (in 5 years), that would make price 0.000021.
It'll take another wave to push price higher or further burns (if SHIB total supply drops below hundreds of trillions to single digit trillions) to drop a few more zeros. Price could hit the $0.01 lvl or even the $1 as people have been talking about, but again, it would take burns along with more people pushing into the coin. With a lot of negative things going on surround promoting alt coins, there might be less influencers, celebrities, billionaires, sports players, and so on, wanting to put their name out there.
There is a lot of work going into developing SHIB. Most notably SHIBarium. SHIB started off on Uniswap with very little value. The coin started gaining traction and is trading on exchanges such as Kucoin, Webull, Binance, Robinhood, Coinbase. I think SHIB has a future and as long as there is constantly moves forwards, ensures the utility of the token, the SHIBArmy strengthens and keeps growing strong, and a steady stream of PR, this coin will hit $0.01 in 2030.
These are my own thoughts. Do your own due diligence when deciding to trade. Trading carries a lot of risk where you could lose more then you put in. This is for educational purposes and not investment or financial advise. I do have positions in SHIB.
Y'all have some good trading out there.
The Script Was Just Flipped SHIBIn the world of cryptocurrency, the winds of change are constant and the landscape is ever-evolving. Bitcoin, the pioneer of cryptocurrencies, has long held the throne as the most recognizable and influential digital asset. However, in recent times, a growing sentiment has emerged that questions the supremacy of Bitcoin and suggests that altcoins, including the infamous Shiba Inu, are poised to dominate the market. In this article, we will explore the claims that Bitcoin is dead, the potential rise of altcoins, and the emergence of Shiba Inu as a significant player in the crypto realm.
The Evolution of Cryptocurrencies
Bitcoin, introduced in 2009 by the mysterious figure Satoshi Nakamoto, laid the foundation for the entire cryptocurrency ecosystem. It revolutionized the concept of decentralized digital currencies and showcased the potential of blockchain technology. For over a decade, Bitcoin maintained its status as the market leader, boasting the highest market capitalization and garnering widespread adoption from institutional investors to retail traders.
The Altcoin Renaissance
While Bitcoin's dominance persisted, alternative cryptocurrencies, or altcoins, began emerging. These alternative digital assets sought to address perceived limitations of Bitcoin, such as scalability, speed, and functionality. Ethereum, introduced in 2015, revolutionized the landscape by introducing smart contracts and enabling decentralized applications (DApps). This opened the door to a plethora of use cases beyond simple peer-to-peer transactions.
The Rise of Shiba Inu
One of the most remarkable phenomena in the world of altcoins is the meteoric rise of Shiba Inu. Introduced in August 2020 as an experiment in decentralized community building, Shiba Inu gained attention due to its meme-inspired branding and its resemblance to popular internet meme, the Shiba Inu dog. While many initially dismissed it as a joke, Shiba Inu's rapid ascent cannot be denied.
However, it's important to approach such projects with caution. Shiba Inu, like many other meme coins, lacks a clear utility and fundamental value beyond speculative trading. While it may capture short-term attention and drive excitement among traders, its long-term sustainability remains uncertain.
Bitcoin's Fate: Is It Truly Dead?
The assertion that Bitcoin is dead is both provocative and overstated. While Bitcoin has faced criticism for its energy consumption, scalability issues, and slower transaction times, it has proven its resilience time and again. Bitcoin remains a store of value, often referred to as "digital gold," and continues to attract institutional interest as a hedge against inflation and economic uncertainty.
Shiba Inu Coin Regains Momentum:Recovery Driven by Key MilestoneShiba Inu, the second-largest meme coin within the cryptocurrency ecosystem, has embarked on a remarkable price recovery this week, riding the wave of a broader surge in the crypto market. This resurgence comes in the wake of a significant development wherein the explorer Puppynet, the testnet for Shiba Inu's Layer 2 scaling solution, successfully completed a staggering 20 million transactions before being reset. This update has proven to be a pivotal moment, igniting a noteworthy 6.3% rally in the price of SHIB since June 19.
Shiba Inu's price trajectory took a sharp downturn in response to the actions taken by the US Securities and Exchange Commission (SEC) on June 5. However, the coin has demonstrated a remarkable bounce-back this week. The revival of Shiba Inu can be attributed to an overall improvement in sentiment among crypto traders, who are becoming more positive and optimistic about the market. Additionally, the achievement of a significant milestone by Shibarium, the Layer 2 scaling solution, which prompted the reset of Puppynet after successfully facilitating over 20 million transactions, has acted as a bullish catalyst for Shiba Inu. As a result, the meme coin's price has experienced an upward trajectory since the event on June 19.
Considering these recent developments, the Shiba Inu coin holds considerable potential as a speculative investment for inclusion in our portfolio once again.
SHIB Can it recover or Is the Steam Already GoneI've been in my SHIB position for a while now. I am thinking price will be able to push higher if it is able to survive the onslaught of Central Bank Rate Hikes and the negative crypto news that have been coming out lately. There are things in work for SHIB, but it all comes down to if people what to get in the coin or not. For now, without the easy that was there back in 2021, it is difficult to say that SHIB can climb higher, even with things like the crypto burns and Shibrium (I think that's how you spell it). But here is how I am going at it. First I am ok with losing the money I placed on it. Which means that I don't have my whole life's savings on this coin and I am not doing that "Yolo" stuff. So I got my mindset in the correct path. I am look for price to push lower, to the 0.000008 lvl to purchase some more coin. I am thinking price might hit the 0.000005 and at this lvl, I'll purchase some additional coin. I am thinking people who are already in the coin are going to hold anyways since what else is to do, sell?? They have likely came to terms with, if the coin tanks, I already knew this was going to happen. Moving on, one I get into my final position, that's it. I just wait and see what price does. The coin will just need to last until 2024 and if it does, I think price will be able to start pushing higher and hit 0.00001 sometime in late 2024 or mid 2025.
Of course there are many other things that come into play that could affect the coin. One being the regulations that are attempting to be pushed out to deal with crypto. Then you got the geo political issues and whatever else is being cooked up across the globe. But I must say, if price does push higher, I'll be one happy camper, indeed. Y'all have a great trading year out there.
Looks bullish for ShibFalling wedge on log scale breaking out as price teases losing a decimal point.
May need to back test or it might just rip, who knows.
Daily is above the 200 day EMA, and MACD and KST indicators are above zero and opening up in a bullish manner, indicating positive momentum.
Would like to see some real volume to confirm this trend change.
SHIBA ready for more upside soonSHIBUSD may be ready for an impulsive move soon.
The price broke the downsloping resistance line and it should go higher now. Of course everything depends on Bitcoin but we think that SHIBA will surprise everyone very soon.
2 Targets are shown on the chart.
DCAing now seems to be reasonable at these levels.
Good luck
