Long

SHIBUSD need to rest LONG again later

Updated

Shiba Inu has pushed quite hard. I can only think of sled dogs ona long marathon push over a

sun prepared snow trail. The ride might be frictionless but nonetheless grueling and perhaps

time for a rest. The chart shows the breakout and then extension above the VWAP lines that

are trying to catch up. In proper risk management. I will take half the position off here and

have it ready to add at least part of it back if the rest is a stable consolidation in the upcoming

day.

Trade active

After about 90 minutes of rest shown on the one-minute chart, the price seems to be getting ready for a push higher. I will wait for a re-test of the regression channel
that is the flag of the bull flag pattern before re-deploying capital into the move
out of respect for the market and proper risk management.

Note

Fresh Newswire tradingview.com/news/newsbtc:c097309fc094b:0-meme-coin-mania-why-shiba-inu-pepe-dogecoin-are-far-from-finished/

Note

NASDAQ's Crypto Index shows an overall market cap gain of 3% in the past 24 hours.

No signs of overextension on the dual TF RSI indicator set to one minute/15 min.

Trade active

Add 25% of 50% taken off back in as zoom-in chart analysis shows price over new
support.

Note

Price fell through support and back into the regression channel- volatility demonstrated. will be more cautious about adding back into the long position

Trade active

Note

Support failing on re-test. Another 25% taken off to preserve some of the unrealized
profit. NAZDAQ Crypto Index sell-out at the open of the equities pre-market.
Taking off 25% of BTC ETH and DOGE now

Trade active

Buyer volume rising and pushing price back up

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Buyers pushed price over the POC line of the local volume profile suggests bullish momentum has taken over for now

Note

Add on the pullback entry @ 0.00002685

Note

Price broke support 50% of position removed to preserve profits from the big up move-

Note

Crypto Index dipped and recovered. SHIB as one of the highest flyers is probably bearish bias right now while cryptos overall are neutral.

Trade active

DogeCoin marching higher and is keeping up with Shibu. Taking off some Bitcoin and ETHUSD to fortify SHIBUSD and DOGEUSD positions.

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Finally a good long entry after the pullback reversed

Trade active

Add again if price gets over local high beyond 0.000037

Note

Trend up is continuing for now

Note

The general crypto index now rallying shows this is a broad market rally ( until it
is not)

Note

See link attached- Price presently in consolidation and did form a small head and shoulders pattern- awaiting the morning open in Europe

Trade active

Price flushed at 12 MN Eastern Time about the time of the Europe/ London Session
and then partially recovered - any who bought the dip got a huge bargain. Price is
above the middle band of the Bollinger Bands and is now in a slower more gradual
uptrend with much lower volatility. I will add back the portions of my position closed when price fell out of the flag pattern buying dips found on low time frames. DogeCoin is following a similar pattern. Elsewhere gold and the tech equities have cooled off. More time to rest and re-equilibrate.

Note

SHIBU INU is trending in sync with DogeCoin and the Crypto Index on NASDAQ. Bought dips to 0.000026 where price fell to the VWAP first upper band support dynamic line. Volatility indicator showed obvious fight for capitulation of a immediate term bottom and I was part of it. Will continue incremental adds if /when dips are seen. Dollars deployed about even across BTCUSD, ETHUSD, DOGEUSD and SHIBUSD to be rebalanced on the upcoming weekend. Will pull positions if a downturn is seen on the crypto index on the 60 minutes or higher time frame. Full resistance against impulsive buying and selling trying to be robotic like an algo. :)

Note

Note for the above chart- since there is a comparison with DogeCoin
and the Crypto Index the price Y axis is normalized to 100 scale so
the comparison is based on percentages and not raw levels.

Note

Note for the above chart. It demonstrates SHIBUSD as having had
the far better run up on price bullish volatility than DOGEUSD
and the Crypto Index thus it is "stealing" market cap and
money inflow from other coins as well as getting new money

Trade active

Shibu has bullish momentum in European session. 10% add at both 0.000034 and
0.000035

Note

Planning on a 25% partial at 0.000040 in a bit of a zig-zag.

Trade active

Flat line on the middle band of the BB suggests range bound consolidation phase now.

Note

I will take 25% off here in consolidation and look for a continuation above at least
0.000038 before adding back just a little profit-taking while the coin rests until
the NY session opens or at least gets past the European lunch hour.

Trade active

Two adds of 10% each at 0.0000384 as price moves higher, next will be a partial of 15% after price crosses and holds 0.00004

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Price in a range the past 24 hours 35% more or less top to bottom. Will sell on an approach closer to overhead horizontal resistance. and may short-sell an expected move down while watching for enough momentum to push through the resistance.

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Shiba Ina price action is in consolidation with a bullish bias based on indicators.
I opt here to increase my position by 25%

Trade active

Shibu Ina put in a double top and is falling from it. Support may reject the fall
at 0.000029. Sold off 25% of the position upon rejection by resistance at the second top ( trying to stick with a zig zag strategy to play a range. Getting lots of press. Expect a reversal at the level and another push after a few days of rest there and so then the time to reload.

Note

Sideways price action, rest is good right now.

Trade active

Shibu Ina now downtreading targeting 0.000031. I hope a reversal there to pick up
more coin to add 25% to the position on a sig-zag tactic.

Note

If support holds at 0.000034, price may reverse higher to .000036 about a
5 to 6 % upside

Trade active

Pivot low is predicted to be 0.0000325

Trade active

Price pivoted up from 0.0000331 for now on the 5minute time frame.
15% add to the position.

Note

price ranging now targeting 0.0000335

Note

SHIBU looks to be done corre ting its uptrend and ready for bullish continuation.

Note

SHIBU looks to be continuing sideways consolidation and is forecasted for another week of it. In due time, it will awaken and make another run (IMO)>

Note

SHIBU is in a volatility compression symmetrical triangle with the apex approaching.
Watching for a TTM/volatility squeeze.

Trade active

30 minute time frame shows TTM squeeze firing and the forecasting algo predicts
a rise over the horizontal resistance ( red line).

Note

Target is now 0.000031

Note

10 minute time frame

AwesomeAvani

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