Of the coins I bought SHIB hasn't been one of exuberance and has mostly maintained a tight channel while other coins have pumped and others with big expectation - done nothing.
I think there is going to be a fall coming for crypto before the real fireworks begin but before that potentially happens there is still time for a flash pump and SHIB is a coin you wouldn't be too surprised if it made a sudden ascent.
That said this ascending channel is not a great look but that doesn't mean there cant be a pump before possibly a dump.
And if it did pump who knows how high it could pump so what i've done is scattered limit sell orders around the fibs and resistance and we'll see if the dog gets pamped.
Not advice.
I think there is going to be a fall coming for crypto before the real fireworks begin but before that potentially happens there is still time for a flash pump and SHIB is a coin you wouldn't be too surprised if it made a sudden ascent.
That said this ascending channel is not a great look but that doesn't mean there cant be a pump before possibly a dump.
And if it did pump who knows how high it could pump so what i've done is scattered limit sell orders around the fibs and resistance and we'll see if the dog gets pamped.
Not advice.
Commentaire:
Resistance target hit. I'll let some run a bit here too. Might get to 1.618 you never know.
Commentaire:
Considering BTC (see thread for details) I think 1.618 area is a good final sell target. There is also a key resistance there.
Commentaire:
Limit orders set.
Commentaire:
SHIB is holding this area well. I did exit overnight in case of collapse but now it appears to be consolidating and looking corrective to the downside.
I think this can get to the 1.618 0.00002249 and I will sell around this area. And then thats it I'm done for crypto longs for now.
Would look better if it can get above this 1H 50MA.
I think this can get to the 1.618 0.00002249 and I will sell around this area. And then thats it I'm done for crypto longs for now.
Would look better if it can get above this 1H 50MA.
Commentaire:
Had a look again and remembered that SHIB does like the 2.272 as a top. If you read my previous thread I showed how it has twice hit the 2.272 in the previous run.
If it did hit the 2.272 then that would get it to near the 0.618 which is a common reversal area of a zig zag correction which this may well turn out to be if BTC goes lower.
So i'll be taking profit along the way but final target is 0.00003183.
If it did hit the 2.272 then that would get it to near the 0.618 which is a common reversal area of a zig zag correction which this may well turn out to be if BTC goes lower.
So i'll be taking profit along the way but final target is 0.00003183.
Commentaire:
This sideways movement is very good - should be building cause (pressure) to pump again. Also very good that BTC is sliding but SHIB is not reacting.
Commentaire:
SHIB is floundering a bit since BTC fell out the ascending channel, but now BTC is pushing back in there is (I think) still a chance for the next leg up for SHIB.
SHIB needs to recover the 1:1 in a timely fashion to have a shot at higher fibs. If BTC moves back up but SHIB remains here that chance decreases.
SHIB needs to recover the 1:1 in a timely fashion to have a shot at higher fibs. If BTC moves back up but SHIB remains here that chance decreases.
Commentaire:
SHIB looks like rolling over here, these little hammers are not good news. Still a chance it could recover but i dont like the odds anymore and im not 100% out of crypto.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Crypto is suddenly pumping so rather than limit sells i have alarms at fibs and resistance but i'll just let it run and see how things look in the week.