SHIBA INU - Much Wow What A Good Boy
Updated
Analysis:
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow
- Liquidity Point Analysis
ATH = All Time High
S = Potential Support
$ = Buy Zone
Opinion:
Wow what an amazing run SHIBA has had :)
Truly wonderful showing the world what this coin can really do
However as usual when grandma starts talking about crypto you know a correction is inbound
My previous chart I called the top a little early but that is okay because I knew a correction was still inbound even if they extended higher
I always say buy on down moves and sell on up moves...this simple concept will save you money and headache
It sounds cliche but it is so true "Be fearful when everyone is greedy and greedy when everyone is fearful"
I have laid out a potential buy zone where I will be looking to BUY THE DIP
I am loyal to SHIBA and I am SHIBARMY strong
I am also a trader though and I always remember/respect the market cycles....price goes UP but price also goes DOWN
To my fellow SHIBARMY....CONTROL THE EMOTIONS
Once the correction is over we will continue UP
WOOF WOOF
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow
- Liquidity Point Analysis
ATH = All Time High
S = Potential Support
$ = Buy Zone
Opinion:
Wow what an amazing run SHIBA has had :)
Truly wonderful showing the world what this coin can really do
However as usual when grandma starts talking about crypto you know a correction is inbound
My previous chart I called the top a little early but that is okay because I knew a correction was still inbound even if they extended higher
I always say buy on down moves and sell on up moves...this simple concept will save you money and headache
It sounds cliche but it is so true "Be fearful when everyone is greedy and greedy when everyone is fearful"
I have laid out a potential buy zone where I will be looking to BUY THE DIP
I am loyal to SHIBA and I am SHIBARMY strong
I am also a trader though and I always remember/respect the market cycles....price goes UP but price also goes DOWN
To my fellow SHIBARMY....CONTROL THE EMOTIONS
Once the correction is over we will continue UP
WOOF WOOF
Note
Let us pray for those who bought at ATHs...RIP :(But all jokes aside a massive discount is incoming looking for those to add to their bag
Everything is fine with SHIBA i have been saying this for days that the incoming correction will be bcc's dominance fault nothing more
The fundamentals are strong with SHIBA so I am not concerned
I bought all of my coins during the summer consolidation and based off my analysis the low of the correction will be a good distance above my entrys
So I will be looking to SCALE in once price action gives me the signal
Control the emotions
Note
Next couple of days are going to be very interesting I hope you are mentally and emotionally prepared :)
Note
Down we go!To my fellow SHIBARMY I only have 1 thing to say...CONTROL THE EMOTIONS
Shiba is fine and this is all apart of the market cycles
We move from pump to correction to pump to correction back and forth
Unfortunately most dont survive the corrections
Everyone is a "trader" when price is pumping but what about when price drops?
Cant wait for my buy zone to hit so i can BUY THE DIP
Note
would you look at the accuracy! price dropped right down to my 3 red arrows
Now we will get 1 of the 3 projected paths :)
Note
Well well well looks like we got some much needed relief for some tradersWhat a nice fat green candle but however I do have to caution anyone getting excited
We still have lower prices inbound as I believe this was a false pump
It might take a few more days but my buy zone will be hit as I have full confidence in my analysis
SHIBArmy Strong
Note
We're going down, im yelling TIMBER haha I try to crack jokes as price goes down because I know most traders are getting emotional
so now for the real update :)
It looks like my buy zone will be reached in a couple more days
Those who have been following me know that my charts take DAYS/WEEKS to play out
So the in between really doesn't matter to me unless they completely invalidate my chart which by the looks of shiba they have not...
Price has been in a steady down climb since ATH why? because this is the *current* real directional move
This is why bulls/longs have been getting REKT...
They think their support levels are going to hold not realizing we are in corrective mode
Theres a reason i use the fib on most of my charts and that because its a measured move
We all know crypto loves do to 30% 40% 50%+ corrections so my fib settings account for that...especially once we reach the EQ at 50% then they really move into the entry levels
The key to successful trading is seeing the move BEFORE it happens not during...
You dont need to predict the future you just need to read price action correctly
When you read price it tells a story and those who decipher that story correctly make the big bucks...
So the misinformed traders who trade the 1 minute and 5 minute charts really need to stop criticizing higher time frame analysis
What you think is a pump isn't and what you think is a dump isn't...
The ONLY time frame the big boys use is the DAILY chart fyi...
So as usual I will continue to waiting for price to COME TO ME...i never chase price
And as usual those who had the most to say in the beginning of me posting my chart almost 3 weeks ago will have NOTHING to say when price does what i know it will do
I didn't get to 6 years of trading experience and trading full time for the last 3 years without knowing what I am doing...
This is nothing new for me just another day/chart/opportunity to make money
For the haters out there realize hating/trolling doesn't pay
Redirect that energy into your OWN trading cause Ive silenced many people who came to my page talking on some of my charts...they had nothing to say once the chart played out :)
So i will do another update soon but not much to update price is headed down to my buy zone and i am ready with cash waiting for the right entry...
Note
Would you look at that?Looks like all my previous updates were spot on
This is why I always let the haters talk because only PRICE can critique anyones analysis
I had NO DOUBT price would continue dropping towards my buy zone
As we all can see the entire market is down right now so everything with SHIBA is fine
I haven't paid any attention to most of the news out right now because I have been too busy analyzing the CANDLES
Too many traders are focused on the wrong things and wonder why they keep struggling
Price goes up AND price goes down the goal is profit in between
Its not about making your chart projections 100% its about improving your skill set with each chart you do
Its not about being perfect! Its about making sure you are consistently on the RIGHT side of the markets!
I really dont care if my chart is accurate or not because when I LIVE trade my win rate is 90%
When I do chart analysis and chart projections those are IDEAS based off what I know about price and based off my years of experience
Too many traders are busy telling other traders whats wrong with their charts
Too many traders with no results are running their mouths
I see a big problem in the industry as coins like SHIBA entice GAMBLERS to buy this coin
Understand price will ALWAYS expose whether or not someone can trade or not
Talk is cheap...What do you charts look like?
Note
SHIBA is such a GOOD boy for coming right to my buy zone!What an interesting few weeks its been since I initially posted this chart
The best part is I was BANNED from the SHIBA discord because the mods did not want to hear about a correction and they wanted to power trip...
Oh well here we are 4 weeks later and price is doing EXACTLY what I knew it would do as this isn't my first time seeing this move nor will it be the last
I honestly have no idea what news has came out in regards to shiba because I do not care...
Price > News please remember this
No matter what news says PRICE will always tell you what you need to know
Now lets talk about the chart and I what I expect the next few days/weeks
Price can and most likely will touch near the BOTTOM of my buy zone...
Some are already placing their buy orders which is not bad but its a little premature
My reason for saying this is because BTC is still not finished dropping
Too many traders forget about BTC when looking at alts
This time around during the cycles SHIBA happens to be correcting WITH BTC
So it would be smart to WAIT for BTC to bottom out before looking for buys on SHIBA and many other alts
Another thing as well is that price MAY/WILL go past the GREEN CURVE and that is OKAY
The green curve was to show the direction once the drop occurred during NOV-DEC and after we would rise
What matters is that price is in the buy zone now and its ALMOST time to make some MONEY :)
Note
What an amazing adventure this has been!Price has finally reached my buy zone :)
I never had a doubt in my mind and I am very happy I got the prices I wanted so I could scale in
For those interested I have started my own Discord Server so DM me for more information :)
Note
Pins Pins PinsPins are a clue!
Those who have given up on SHIBA are in for a surprise
We will be pushing for new ATHs by the end of the year and into the beginning of Jan
Woof Woof :)
Note
Hope you have your bag packs because we should have liftoff in a few days!I love how price is just sitting right on the top of my box
I cant wait to see how price follows the curve up :)
Note
Expecting a very green week I cant wait to see SHIBA start pumping againNote
Houston we have liftoff :)To the moon we go!
Note
We got a nice pump off the EQ of the box and now are giving a nice healthy pullback to create a higher low Prepare yourselves as we will continue to rise!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.